Guideline Value for Narayana doss street

Narayana doss street guideline value

The current guideline value of Narayana doss street 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 doss street has changed

The guideline value for Narayana doss street has seen several revisions over the years. In 2002, the guideline value was Rs 508 per sq.ft. This increased to Rs 560 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, a substantial increase of 79%. By 2012, the value was Rs 6,500 per sq.ft, reflecting a 550% increase from the previous revision. However, it then dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 6,500 per sq.ft in 2023, and most recently to Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1298%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a guideline value for 2024, 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 2024 figure for Narayana doss street.

• Narayana Naicken 10th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 11th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 12th lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 1st lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 2nd lane: Rs 7,100 per sq.ft (2024)
• Narayana Naicken 2nd street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Narayana doss street

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 amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narayana doss street?

The Sub Registrar Office that covers Narayana doss street is 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 essential during the registration of 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.

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 and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Narayana doss street?

The current guideline value of Narayana doss street 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 over the years, starting from Rs 508 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1298%.

What is the land classification for Narayana doss street?

Narayana doss street is classified as Residential Class II Type - I, indicating its designation for residential use.

Where is the Sub Registrar Office for Narayana doss street located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003, covering Narayana doss street.

How is stamp duty calculated for properties in Narayana doss street?

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 incurs a total stamp duty and registration fee of Rs 6,39,000.