Methods and systems for a networked storage environment are provided. One method includes storing a plurality of configurable attributes at a data structure by a processor, where a combination of the configurable attributes is used to define a custom service level class (SLC) in a networked storage environments using a plurality of resources for storing data; receiving a request by the processor to create the custom SLC based of a set of configurable attributes; identifying a resource of the networked storage environment that meets the requirements defined by the attributes of the custom SLC; and configuring the resource for meeting the requirements of the custom SLC.