Methods and systems for a networked storage environment are provided. For example, one method includes generating by a processor in response to a request, a storage service level class (SLC) defined by a storage attribute and a protection SLC defined by a protection attribute for a storage item managed by a storage server, where the storage attribute provides a performance level for the storage item and the protection attribute provides a protection level for the storage item; identifying by the processor, a first resource for complying with the storage attribute of the storage SLC for storing the storage item; configuring a second resource for complying with the protection attribute of the protection SLC for storing information associated with the storage item; and monitoring the first resource for compliance with the storage attribute for the storage SLC.