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Guideline Value

Corporate

Guideline Value for Narayana Naicken 4th lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 4th 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 4th Lane

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Narayana Naicken 4th lane guideline value

The current guideline value of Narayana Naicken 4th lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street 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 4th lane has changed

The guideline value for Narayana Naicken 4th lane has seen significant changes over the years. In 2002, the guideline value was Rs 601 per sq.ft, which increased to Rs 663 per sq.ft in 2003. The value then rose to Rs 1,200 per sq.ft in 2007, followed by a substantial jump to Rs 6,500 per sq.ft in 2012. However, it decreased to Rs 4,355 per sq.ft in 2017. The value then increased to Rs 6,500 per sq.ft in 2023 before reaching the current value of Rs 7,100 per sq.ft in 2024.

Between the revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The most significant increase occurred from 2007 to 2012 at 442%, and from 2002 to 2024, the overall increase is 1081%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with a 2024 guideline value range from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is equal to the guideline value of Narayana Naicken 4th lane.

Stamp duty and registration fee for property in Narayana Naicken 4th lane

For a 1,000 sq.ft plot at the current guideline value, 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, making the total 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayana Naicken 4th lane?

The Sub Registrar Office that covers Narayana Naicken 4th lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process for buying or selling property in Egmore. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that all parties are aware of the costs involved.

When a property is sold, the guideline value serves as a benchmark to assess the transaction's legitimacy and ensure compliance with local regulations. Buyers and sellers should be familiar with the guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Narayana Naicken 4th lane?

The current guideline value of Narayana Naicken 4th 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, with the most recent increase being 9% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1081%.

What is the registration fee for property in Narayana Naicken 4th lane?

The registration fee for property in Narayana Naicken 4th lane is 2% of the guideline value. For example, for a property valued at Rs 71,00,000, the registration fee would be Rs 1,42,000.

Which Sub Registrar Office covers Narayana Naicken 4th lane?

The Periamet Sub Registrar Office covers Narayana Naicken 4th lane, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty in Egmore is calculated at 7% of the guideline value or the sale price, whichever is higher. It is important to consider this when budgeting for a property transaction.