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Guideline Value

Corporate

Guideline Value for Narayana Naicken 5h lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 5h 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 N/A
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 5h Lane

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Narayana Naicken 5h lane guideline value

The current guideline value for Narayana Naicken 5h lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Narayana Naicken 5h lane has changed

The guideline value for Narayana Naicken 5h lane has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,200 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a growth of 442%. However, it saw a decrease to Rs 4,355 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, before reaching the current value of Rs 7,100 per sq.ft in 2024, reflecting a 9% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for Narayana Naicken 5h lane. Overall, from 2007 to 2024, the guideline value has increased by 492%.

Guideline values in Egmore

In Egmore village, 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 value is Rs 7,100 per sq.ft, which is equal to the current guideline value for Narayana Naicken 5h lane.

Stamp duty and registration fee for property in Narayana Naicken 5h 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 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 5h lane?

The Narayana Naicken 5h lane is covered by 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 plays a crucial role in the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Narayana Naicken 5h lane?

The current guideline value for Narayana Naicken 5h 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 seen significant changes, increasing from Rs 1,200 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, which is an overall increase of 492%.

What is the stamp duty rate for properties in Narayana Naicken 5h lane?

The stamp duty rate for properties in Narayana Naicken 5h lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Narayana Naicken 5h lane?

The Sub Registrar Office covering Narayana Naicken 5h lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Narayana Naicken 5h lane?

Narayana Naicken 5h lane is classified as Residential Class II Type - I, which is designated for residential purposes under the local land use regulations.