Tamil Nadu Guideline Value 2024: Check TN Land Guideline Value

Tamil Nadu Guideline Value:- The official Tamil Nadu Revenue Department portal, TNREGINET, also known as the Inspector General of Registration (IGRS), was created specifically for all property-related services. Using the TNREGINET platform, citizens can check the property guideline value, determine the building value, register marriages and deaths, and obtain encumbrance certificates online. The state of Tamil Nadu sets the guideline value for every region. Well-developed residential neighborhoods’ streets serve as the basis for the guideline values. In the case of lands or properties that have not been developed into streets, the guideline value is established using the property’s survey number. Read the complete post to get complete information related to Tamil Nadu Guideline Value.

Tamil Nadu Guideline Value 2024

Tamil Nadu Guideline Value 2024

The minimal worth of a property in a given location, as established by the state government of Tamil Nadu, is known as the guideline value. In Tamil Nadu, property owners are required to calculate the fees and duties they must pay by using the guideline value. The state government sets the minimal value of a property at which it can be registered, and this is known as the “guideline value.” The estimated market value of the land at which it can be registered is referred to as the “guideline value,” according official documents maintained by the Tamil Nadu Registration Department. It should ideally represent the true market worth of the property.

The property’s registration will be based on the greater valuation if it is sold for more than the recommended amount. On the other hand, the buyer must pay stamp duty and registration fees based on the minimum value if the property is sold for less than the guideline value.

Tnreginet Registration

Significance of Tamil Nadu Guideline Value

  • Estimating and calculating the overall benefits and drawbacks of a house purchase is helpful.
  • It is essential to the payment of stamp duty and registration fees. It also assists purchasers and registration authorities in identifying properties that are undervalued.
  • It aids in the prevention of fraud. Avoiding the registration fees makes it possible to follow down those who do so, eliminating corruption and fraud in land-related transactions.
  • This useful index aids purchasers in determining the land value so they may set competitive prices for their properties.

Steps to Check Jurisdiction for Guideline Value

To check Jurisdiction for Guideline Value, the user needs to follow the below given steps:

  • First of all, go to the official website of the TNREGINET portal i.e., https://tnreginet.gov.in/portal/
  • The homepage of the website will open
  • Click on the Help tab
  • Now, Now, click on the Web Home Application Services followed by Know your jurisdiction option
  • A new window will open with two search options i.e.,
    • Street Name
    • Village Name
  • Now, enter one of the name and click on the Search button
  • A new page will open with the details related to the jurisdiction like the name, address of the sub-registrar’s office, and sub-registerar’s email address

Steps to find Tamil Nadu Guideline Value on TNREGINET portal

To find Tamil Nadu Guideline Value on TNREGINET portal, , the user needs to follow the below given steps:

  • First of all, go to the official website of TNREGINET portal i.e., https://tnreginet.gov.in/portal/
  • The homepage of the website will open
  • Click on the Guide Value tab
  • A new window will open
  • Click on the From 01-04-2023 link to search for the latest TNREGINET guideline value
  • A new page will open on the screen with three search options for guideline values i.e.,
    • Street
    • Survey Number
    • Collective value
  • Now, select on the options and enter all the required details
  • Finally, click on the search button and the Tamil Nadu Guideline Value will open on the screen

How is the value of property guidelines determined?

The following formula can be used to determine a property’s worth based on the Guideline worth, which is the lowest value in Tamil Nadu at which a property can be registered: 

Property Value = Guideline value (in Rs per sq metre) X Built-up area in sqm

The location and kind of the property can be used to calculate the guideline value. The built-up area and Guideline value of a property are taken into account while determining its market value.

Tamil Nadu Land Records

Effects of Market Values Differing from Property Guideline Values

The government-established property guideline value is frequently less than the property’s true market value. This variation may affect a number of factors, including:

  • Stamp Duty: Since stamp duty is computed using the guideline value rather than the actual market value, there may be a tax savings.
  • Dispute Resolution: The guideline value may be used as a benchmark for settlement or recompense in property disputes
  • Loan Eligibility: Banks may take the guideline value into account when approving and valuing loans, which may have an impact on the total amount of credit you are able to obtain.

Tamil Nadu Land Registration Fees

Document classificationStamp Duty ChargesRegistration fee
Purchase document7% of market value4% of market value
Transaction7% of the maximum value of the property4% of the maximum value of the property
Donation document7% of market value4% of market value
Mortgage (Independent)4% (for loan amount)1% (for loan amount) up to a max. of Rs. 2,00,000
Compensation mortgage1% (for loan amount) maximum Rs. 40,0001% (for loan amount) maximum Rs. 10,000
Building contract agreement1% for the contract amount1% for the contract amount
Selling agreementRs.201% of the transaction amount in the case of an independent sale agreement.
Partition documents between individuals other than family members4% of the market value of the split component1% of the market value of the split component
Cancellation documentRs. 50Rs. 50
Documents of partition between family members1% of market value for each component (maximum Rs. 25,000)1% of market value per component (maximum Rs. 4,000)
Public authority document for other than the sale of public powerRs. 100Rs. 50
Public authority document for sale of public powerRs. 100Rs. 10,000
Public authority document for sale of public power (per family member)Rs. 100Rs. 1,000
Release deed between family members1% of market value (maximum Rs. 25,000)1% of market value (maximum Rs. 4,000)
Document of public authority (with transfer amount)4% per transaction1% of the transfer amount or Rs. 10,000 whichever is higher
Handing over title documentsMaximum Rs. 30,000 for 0.5% loan amountMaximum Rs. 6,000 for 1% loan amount
Leasing within 30 years1% for an additional lease amountMaximum Rs. 20,000 for 1% lease amount
Release deed amongst non-family members.7% of market value7% of market value
Document of trust (in the absence of immovable property)Rs. 1801% Corpus Fund
Leasing within 99 years4% for an additional lease amountMaximum Rs. 20,000 for 1% lease amount
Leasing over 99 years7% for an additional lease amountMaximum Rs. 20,000 for 1% lease amount
FAQ’s
How will the modification of the guideline value affect buyers of real estate?

Any reduction in the guideline value is expected to result in a decrease in property values. However, other elements, such registration fees, also affect the value of the property.

Where do I address questions about Guideline Value in Tamil Nadu?

You can contact helpdesk@tnreginet.net or give 18001025174 a call.

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