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Guideline Value

Corporate

Guideline Value for Narayana Naicken 12th lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 12th Lane in Egmore village (Periamet SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹663 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Narayana Naicken 12th Lane

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Narayana Naicken 12th lane guideline value

The current guideline value for Narayana Naicken 12th lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Narayana Naicken 12th lane has changed

Over the years, the guideline value for Narayana Naicken 12th lane has seen significant changes. The 2003 revision recorded a value of Rs 663 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking an increase of 81%. The value then rose dramatically to Rs 6,500 per sq.ft in 2012, resulting in a substantial increase of 442%. However, it fell to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 6,500 per sq.ft, which then increased by 9% to the current value of Rs 7,100 per sq.ft in 2024.

From 2003 to 2024, the overall increase in the guideline value is 971%. Notably, the register has no figure for this street in the year 2002.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, and Narayana Naicken 12th lane's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Narayana Naicken 12th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. 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 more details.

Which Sub Registrar Office covers Narayana Naicken 12th lane?

The Sub Registrar Office that covers Narayana Naicken 12th lane 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 a crucial factor in property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the duty is calculated based on the higher of the guideline value or the sale price of the property.

When a property is sold, the guideline value serves as a benchmark for the transaction. This ensures that the government receives appropriate revenue through stamp duties, which are essential for funding public services and infrastructure.

Frequently asked questions

What is the current guideline value of Narayana Naicken 12th lane?

The current guideline value of Narayana Naicken 12th lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 663 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 971% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the guideline rate of Rs 7,100 per sq.ft, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office handles registrations for Narayana Naicken 12th lane?

The Periamet Sub Registrar Office handles registrations for Narayana Naicken 12th lane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Narayana Naicken 12th lane?

The land classification for Narayana Naicken 12th lane is Residential Class II Type - I, indicating its suitability for residential purposes.