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Guideline Value

Corporate

Guideline Value for Narayana Naicken 1st lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 1st 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 1st Lane

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Narayana Naicken 1st lane guideline value

The current guideline value for Narayana Naicken 1st 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, classified as Residential Class II Type - I.

How the guideline value of Narayana Naicken 1st lane has changed

The guideline value for Narayana Naicken 1st lane has undergone several revisions over the years. The earliest recorded value in 2003 was Rs 663 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in 2007, marking an increase of 81%. Following this, the value rose dramatically to Rs 6,500 per sq.ft in 2012, reflecting a remarkable increase of 442%. However, by 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%. The value then saw a substantial rise to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 971%. It is important to note that there is no recorded figure for Narayana Naicken 1st lane in the 2002 revision.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is the same as the current value for Narayana Naicken 1st lane.

Stamp duty and registration fee for property in Narayana Naicken 1st lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayana Naicken 1st lane?

The Sub Registrar Office that covers Narayana Naicken 1st 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 critical factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it impacts the overall costs associated with the purchase or sale. Ensuring that you are informed about the latest revisions can aid in better financial planning.

Frequently asked questions

What is the current guideline value for Narayana Naicken 1st lane?

The current guideline value for Narayana Naicken 1st 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, increasing from Rs 663 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, which is an overall increase of 971% over the years.

What is the land classification of Narayana Naicken 1st lane?

Narayana Naicken 1st lane is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Narayana Naicken 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 71,00,000, the total stamp duty and registration fees would amount to Rs 6,39,000.