diff --git a/pkg/common/parameters.go b/pkg/common/parameters.go
index e7f0104dc..fc112305c 100644
--- a/pkg/common/parameters.go
+++ b/pkg/common/parameters.go
@@ -19,6 +19,8 @@ package common
 import (
 	"fmt"
 	"strings"
+
+	"k8s.io/klog/v2"
 )
 
 const (
@@ -58,6 +60,11 @@ const (
 	tagKeyCreatedForSnapshotName        = "kubernetes.io/created-for/volumesnapshot/name"
 	tagKeyCreatedForSnapshotNamespace   = "kubernetes.io/created-for/volumesnapshot/namespace"
 	tagKeyCreatedForSnapshotContentName = "kubernetes.io/created-for/volumesnapshotcontent/name"
+
+	// Keys for labels to tag to PV
+	labelKeyCreatedForClaimNamespace = "kubernetes_io_created_for_pvc_namespace"
+	labelKeyCreatedForVolumeName     = "kubernetes_io_created_for_pv_name"
+	labelKeyCreatedForClaimName      = "kubernetes_io_created_for_pvc_name"
 )
 
 // DiskParameters contains normalized and defaulted disk parameters
@@ -130,10 +137,42 @@ func ExtractAndDefaultParameters(parameters map[string]string, driverName string
 			p.DiskEncryptionKMSKey = v
 		case ParameterKeyPVCName:
 			p.Tags[tagKeyCreatedForClaimName] = v
+			// Verify that the parameters satisfy label restrictions before adding them as label
+			var pvc_name = strings.ToLower(v)
+			if len(pvc_name) > 63 {
+				pvc_name = pvc_name[:63]
+				klog.V(4).Info("The disk label for PVC-name is truncated to match label restriction (<64 characters allowed)")
+			}
+			_, err := ConvertLabelsStringToMap(labelKeyCreatedForClaimNamespace + "=" + pvc_name)
+			if err != nil {
+				klog.V(4).Info("Unable to add PVC name as a label", err)
+			} else {
+				p.Labels[labelKeyCreatedForClaimName] = pvc_name
+			}
 		case ParameterKeyPVCNamespace:
 			p.Tags[tagKeyCreatedForClaimNamespace] = v
+			// Verify that the parameters satisfy label restrictions before adding them as label
+			var namespace_name = strings.ToLower(v)
+			_, err := ConvertLabelsStringToMap(labelKeyCreatedForClaimNamespace + "=" + namespace_name)
+			if err != nil {
+				klog.V(4).Info("Unable to add Namespace name as a label", err)
+			} else {
+				p.Labels[labelKeyCreatedForClaimNamespace] = namespace_name
+			}
 		case ParameterKeyPVName:
 			p.Tags[tagKeyCreatedForVolumeName] = v
+			// Verify that the parameters satisfy label restrictions before adding them as label
+			var pv_name = strings.ToLower(v)
+			if len(pv_name) > 63 {
+				pv_name = pv_name[:63]
+				klog.V(4).Info("The disk label for PV-name is truncated to match label restriction (<64 characters allowed)")
+			}
+			_, err := ConvertLabelsStringToMap(labelKeyCreatedForVolumeName + "=" + pv_name)
+			if err != nil {
+				klog.V(4).Info("Unable to add PV name as a label", err)
+			} else {
+				p.Labels[labelKeyCreatedForVolumeName] = pv_name
+			}
 		case ParameterKeyLabels:
 			paramLabels, err := ConvertLabelsStringToMap(v)
 			if err != nil {
diff --git a/pkg/common/parameters_test.go b/pkg/common/parameters_test.go
index 2d1a4b6b0..a6a3cd61b 100644
--- a/pkg/common/parameters_test.go
+++ b/pkg/common/parameters_test.go
@@ -139,7 +139,7 @@ func TestExtractAndDefaultParameters(t *testing.T) {
 				ReplicationType:      "none",
 				DiskEncryptionKMSKey: "",
 				Tags:                 map[string]string{tagKeyCreatedForClaimName: "testPVCName", tagKeyCreatedForClaimNamespace: "testPVCNamespace", tagKeyCreatedForVolumeName: "testPVName", tagKeyCreatedBy: "testDriver"},
-				Labels:               map[string]string{},
+				Labels:               map[string]string{labelKeyCreatedForClaimNamespace: "testpvcnamespace", labelKeyCreatedForVolumeName: "testpvname", labelKeyCreatedForClaimName: "testpvcname"},
 			},
 		},
 		{
@@ -178,6 +178,30 @@ func TestExtractAndDefaultParameters(t *testing.T) {
 				Labels:               map[string]string{"key1": "value1", "label-1": "value-a", "label-2": "label-value-2"},
 			},
 		},
+		{
+			name:       "pv labels invalid",
+			parameters: map[string]string{ParameterKeyPVCNamespace: "test-namespace-name-as-labels-with-label-restrictions-does-not-allow*_--and-63+char", ParameterKeyPVName: "test-pv-name-as-label-with-label-restriction-truncate-char-at63-these-are-additional_with*+", ParameterKeyPVCName: "test-pvc-name-as-labels-with-label-restrictions-does-not-allow*_--and-63+char"},
+			labels:     map[string]string{},
+			expectParams: DiskParameters{
+				DiskType:             "pd-standard",
+				ReplicationType:      "none",
+				DiskEncryptionKMSKey: "",
+				Tags:                 map[string]string{tagKeyCreatedForClaimNamespace: "test-namespace-name-as-labels-with-label-restrictions-does-not-allow*_--and-63+char", tagKeyCreatedForVolumeName: "test-pv-name-as-label-with-label-restriction-truncate-char-at63-these-are-additional_with*+", tagKeyCreatedForClaimName: "test-pvc-name-as-labels-with-label-restrictions-does-not-allow*_--and-63+char", tagKeyCreatedBy: "testDriver"},
+				Labels:               map[string]string{labelKeyCreatedForVolumeName: "test-pv-name-as-label-with-label-restriction-truncate-char-at63"},
+			},
+		},
+		{
+			name:       "pv labels valid",
+			parameters: map[string]string{ParameterKeyPVCNamespace: "test-namespace-name-with-label-restrictions-allow_-and-63char", ParameterKeyPVName: "test-pv-name-with-label-restrictions-allow_-and-63char", ParameterKeyPVCName: "test-pvc-name-as-label-with-label-restriction-allow_-and-63char"},
+			labels:     map[string]string{},
+			expectParams: DiskParameters{
+				DiskType:             "pd-standard",
+				ReplicationType:      "none",
+				DiskEncryptionKMSKey: "",
+				Tags:                 map[string]string{tagKeyCreatedForClaimNamespace: "test-namespace-name-with-label-restrictions-allow_-and-63char", tagKeyCreatedForVolumeName: "test-pv-name-with-label-restrictions-allow_-and-63char", tagKeyCreatedForClaimName: "test-pvc-name-as-label-with-label-restriction-allow_-and-63char", tagKeyCreatedBy: "testDriver"},
+				Labels:               map[string]string{labelKeyCreatedForClaimNamespace: "test-namespace-name-with-label-restrictions-allow_-and-63char", labelKeyCreatedForVolumeName: "test-pv-name-with-label-restrictions-allow_-and-63char", labelKeyCreatedForClaimName: "test-pvc-name-as-label-with-label-restriction-allow_-and-63char"},
+			},
+		},
 	}
 
 	for _, tc := range tests {