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Guideline Value

Corporate

Guideline Value for Narayana Naicken 6th lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 6th 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 6th Lane

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Narayana Naicken 6th lane guideline value

The current guideline value for Narayana Naicken 6th lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Narayana Naicken 6th lane has changed

The guideline value for Narayana Naicken 6th lane has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 601 per sq.ft. This increased to Rs 663 per sq.ft in 2003, representing a change of +10%. The value saw a significant rise to Rs 1,200 per sq.ft in 2007, marking an increase of +81%. The 2012 revision recorded the value at Rs 6,500 per sq.ft, which was a substantial increase of +442% from the previous revision. However, the value decreased to Rs 4,355 per sq.ft in 2017, reflecting a decline of -33%. The guideline value then rose to Rs 6,500 per sq.ft in 2023, followed by the current value of Rs 7,100 per sq.ft in 2024, indicating a change of +9%.

Overall, from 2002 to 2024, the guideline value has increased by +1081%. There are no figures available for the revisions in years not listed for this street.

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, which is equal to the current guideline value for Narayana Naicken 6th lane.

Stamp duty and registration fee for property in Narayana Naicken 6th 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, making the total cost 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayana Naicken 6th lane?

The Narayana Naicken 6th 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 is a crucial factor during property registration in Egmore. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. However, the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration process adheres to the established regulations.

Frequently asked questions

What is the current guideline value for Narayana Naicken 6th lane?

The current guideline value for Narayana Naicken 6th 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 601 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, representing an overall increase of +1081%.

What are the stamp duty and registration fees for properties in Narayana Naicken 6th lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,00,000. The stamp duty at 7% is Rs 4,97,000, and the registration fee at 2% is Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Narayana Naicken 6th lane?

The Periamet Sub Registrar Office covers Narayana Naicken 6th lane, located at 1103, Poonamallee High Road, Chennai-600 003.

Where can I find more information about guideline values in Egmore?

For more information about guideline values in Egmore, you can refer to the respective links for other streets or consult the Registration Department's guideline value register.