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Guideline Value

Corporate

Guideline Value for Narayana Naicken 2nd lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 2nd 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 ₹601 /sq.ft.
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 2nd Lane

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Narayana Naicken 2nd lane guideline value

The current guideline value for Narayana Naicken 2nd lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This lane is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Narayana Naicken 2nd lane has changed

The guideline value for Narayana Naicken 2nd lane has seen several revisions over the years. In 2002, the value was Rs 601 per sq.ft, which increased to Rs 663 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2007, and then to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017 before increasing again to Rs 6,500 per sq.ft in 2023, and finally reaching Rs 7,100 per sq.ft in the 2024 revision.

Between the revisions, the most notable changes include a 442% increase from 2007 to 2012, followed by a 49% rise from 2017 to 2023. The overall increase from 2002 to 2024 stands at 1,081%. There are no figures available for revisions in years other than those listed.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO carrying 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 equal to the current figure for Narayana Naicken 2nd lane.

Stamp duty and registration fee for property in Narayana Naicken 2nd 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, while the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Narayana Naicken 2nd lane?

The Narayana Naicken 2nd lane falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the values are aligned with government regulations.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the costs associated with the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Narayana Naicken 2nd lane?

The current guideline value of Narayana Naicken 2nd 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 from Rs 601 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, showing an overall increase of 1,081% over the years.

What is the stamp duty for properties in Narayana Naicken 2nd lane?

The stamp duty for properties in Narayana Naicken 2nd lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Narayana Naicken 2nd lane located?

The Sub Registrar Office for Narayana Naicken 2nd lane is located at 1103, Poonamallee High Road, Chennai-600 003.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore with the same guideline value of Rs 7,100 per sq.ft include Narayana Naicken 1st lane, Narayana Naicken 2nd street, Narayana Naicken 12th lane, Narayana Naicken 3rd lane, Narayana Naicken 11th lane, and Narayana Naicken 4th lane.