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Guideline Value

Corporate

Guideline Value for Narayana Naicken 9th lane

₹7100/sq.ft.

The guideline value for Narayana Naicken 9th 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 9th Lane

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Narayana Naicken 9th lane guideline value

The current guideline value for Narayana Naicken 9th 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 9th lane has changed

The guideline value for Narayana Naicken 9th lane has undergone several revisions over the years. In 2002, the value was Rs 601 per sq.ft. This figure increased to Rs 663 per sq.ft in 2003, marking a change of +10%. The value then rose significantly to Rs 1,200 per sq.ft in 2007, an increase of +81%. Following this, the value jumped to Rs 6,500 per sq.ft in 2012, representing a remarkable increase of +442%. However, it decreased to Rs 4,355 per sq.ft in 2017, a drop of -33%. The value saw another increase to Rs 6,500 per sq.ft in 2023, followed by the current value of Rs 7,100 per sq.ft in 2024, which is an increase of +9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1081%. There are no figures available for the revisions in years other than those listed.

Guideline values in Egmore

In Egmore, 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 guideline value is Rs 7,100 per sq.ft, which is equal to the current value for Narayana Naicken 9th lane.

Stamp duty and registration fee for property in Narayana Naicken 9th 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 be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayana Naicken 9th lane?

The Sub Registrar Office covering Narayana Naicken 9th lane is 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 when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to accurately calculate these costs.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Narayana Naicken 9th lane?

The current guideline value of Narayana Naicken 9th 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, marking an overall increase of +1081% across the years.

What is the land classification for Narayana Naicken 9th lane?

Narayana Naicken 9th lane is classified as Residential Class II Type - I.

Which Sub Registrar Office should I visit for transactions in Narayana Naicken 9th lane?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, covers Narayana Naicken 9th lane.

How is the stamp duty calculated for properties in Narayana Naicken 9th lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.