Guideline Value for NarayasamyDasary street

NarayasamyDasary street guideline value

The current guideline value of NarayasamyDasary street is Rs 3,900 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 III Type - I.

How the guideline value of NarayasamyDasary street has changed

The guideline value for NarayasamyDasary street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in 2012. However, it then decreased to Rs 2,412 per sq.ft in 2017. The 2023 revision set the value at Rs 3,600 per sq.ft, which saw an increase to Rs 3,900 per sq.ft in the 2024 revision.

Between the revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 260%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and the latest revision shows an increase of 8% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, 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, indicating that NarayasamyDasary street's 2024 figure is below this median.

• Narayan NaickenStreet: Rs 10,100 per sq.ft (2024)
• Narayan Naicken 1st street: Rs 6,300 per sq.ft (2024)
• Narismachari street: Rs 3,900 per sq.ft (2024)
• Narayana samy lane: Rs 6,300 per sq.ft (2024)
• Natesan Street: Rs 3,400 per sq.ft (2024)
• Narayana Naicken 9th lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in NarayasamyDasary street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees Rs 3,51,000. 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 NarayasamyDasary street?

The NarayasamyDasary street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can also find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Egmore. When buying or selling property, this value is essential for determining the stamp duty and registration fees applicable to the transaction.

At the time of registration, the guideline value is considered to ensure that the property is valued correctly for taxation purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of NarayasamyDasary street?

The current guideline value of NarayasamyDasary street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with several revisions in between.

What are the stamp duty and registration fees for properties in NarayasamyDasary street?

For a property valued at Rs 39,00,000, the stamp duty is Rs 2,73,000 and the registration fee is Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers NarayasamyDasary street?

The Periamet Sub Registrar Office covers NarayasamyDasary street, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value determined for properties in Egmore?

The guideline value is determined based on various factors and is revised periodically by the Registration Department, reflecting the market conditions and property classifications.