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Guideline Value

Corporate

Guideline Value for Narayana Naicken 7th lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 7th 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 7th Lane

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Narayana Naicken 7th lane guideline value

The current guideline value of Narayana Naicken 7th 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 7th lane has changed

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

Between the revisions, the changes were as follows: from 2003 to 2007, there was an increase of 81%; from 2007 to 2012, there was a substantial increase of 442%; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. The overall change from 2003 to 2024 is an increase of 971%. Notably, the register does not have a figure for this street in 2002.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with 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 the same as the 2024 guideline value for Narayana Naicken 7th lane.

Stamp duty and registration fee for property in Narayana Naicken 7th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value is 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narayana Naicken 7th lane?

The Narayana Naicken 7th lane falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions based on the established values in the area.

When you register a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Narayana Naicken 7th lane?

The current guideline value of Narayana Naicken 7th 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 663 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 971% over the years.

What is the classification of Narayana Naicken 7th lane?

Narayana Naicken 7th lane is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Narayana Naicken 7th lane?

The registration office for Narayana Naicken 7th lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Narayana Naicken 7th lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 4,97,000.