Guideline Value for Narayana Naicken Street

Narayana Naicken Street guideline value

The current guideline value for Narayana Naicken Street is not published, with the last notified rate being Rs 5,800 per sq.ft in the 2012 revision. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - II.

How the guideline value of Narayana Naicken Street has changed

In the 2002 revision, the guideline value was Rs 749 per sq.ft. This increased to Rs 826 per sq.ft in the 2003 revision, marking a rise of 10%. The most significant change occurred in the 2012 revision, where the guideline value reached Rs 5,800 per sq.ft, reflecting an increase of 602% from the previous revision.

Overall, from 2002 to 2012, the guideline value increased by 674%. It is important to note that there are no figures available for the revisions in 2007, 2017, 2023, and 2024 for Narayana Naicken Street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values for 2024 ranging from Rs 2,800 to Rs 22,000 per sq.ft, and a median value of Rs 7,100 per sq.ft. Narayana Naicken Street currently does not have a published rate, but several other streets in Egmore have a guideline value of Rs 7,100 per sq.ft.

• Narayana Naicken 9th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 8th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 7th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 6th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 5h lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 4th lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Narayana Naicken Street

As there is no current rate published for Narayana Naicken Street, a worked example cannot be provided. Generally, stamp duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Narayana Naicken Street?

The Sub Registrar Office that covers Narayana Naicken Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Egmore

The guideline value is an important factor during the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the agreed sale price.

Frequently asked questions

What is the current guideline value of Narayana Naicken Street?

The current guideline value for Narayana Naicken Street is not published. The last notified rate was Rs 5,800 per sq.ft in the 2012 revision.

What were the guideline values in previous revisions?

In the 2002 revision, the guideline value was Rs 749 per sq.ft, which increased to Rs 826 per sq.ft in 2003. The most recent figure was Rs 5,800 per sq.ft in the 2012 revision.

Are there any revisions without figures for Narayana Naicken Street?

Yes, the revisions for the years 2007, 2017, 2023, and 2024 do not have any published figures for Narayana Naicken Street.

What is the land classification of Narayana Naicken Street?

Narayana Naicken Street is classified as Residential Class II Type - II, indicating its designation for residential use within the area.

Where can I find the registration office for Narayana Naicken Street?

The registration office for Narayana Naicken Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.