Before we discuss the plan, let’s understand some terms. The calculated market value of a piece of land based on official data is called the “guide value”. So direction = market price. The guide price is usually lower than the market price. The registration value of the property cannot be less than the guide value. The main objective is to use the guideline value to avoid stamp duty evasion.

The following factors are taken into consideration by the authority while determining the guideline price: area development, previous sales in survey numbers or streets and so on. The guiding pricing of a property has a significant impact on the choice to buy and the subsequent listing of that property.

The incentive value may be covered by the registration officer to visit the less expensive properties to avoid paying the registration fee. If the guide price is significantly above the market value, the appropriate District Registrar, the Chief Registrar and the Deputy Chief Registrar should be notified so that the discrepancy can be resolved. In urban areas, the guide value may be the same for a partial street or an entire street.

This happens even if lots/plots within the same street/area have different survey numbers. The price per square meter or acre is presented as the basis for pricing recommendations. Cities and towns may use square feet, while developed areas may also use square feet. For farmland and undeveloped land, the unit of measurement would be “per acre”.

03rd Jan Update:- New Guidelines value released

On Wednesday, the Tamil Nadu government established the combined worth of properties situated on nearly three lakh roads and streets around the region. The composite value for nearly 1.5 lakh streets and roads in Chennai alone has been released.

The highest rate was 28,500 per square foot in the vicinity of the Boat Club. There is a one-time fee of 7% of the total value for registration. For a 1,000-square-foot apartment on St Mary’s Road in Mylapore, the registration fees are now 13 lakh, or 7% of the fixed composite value of 15,000 per square foot.

For a flat valued at 50 lakh undivided shares (UDS) and constructed for 1 crore, the registration fees were before 8.5 lakhs. The cost in Muthialpet, North Chennai, from Thambu Street to Mooker Nallamuthu Street, has been set at 16,500 per square foot.

Bazullah Road in T Nagar has the same composite value. Suburban Tambaram has the lowest value, which starts at ₹3,800 and goes up to about ₹6,000. Not every street has been covered because some might not be appropriate for structures with multiple stories.

Based on the lowest rate in a basic apartment complex, we calculated the value. There is ₹500 less. While some builders have no issues with the new prices, they do want the stamp value to drop from 7% to 4%. 

The registration department recently introduced a three-tier guideline value system that will establish a standard guideline value for three categories of apartment complexes based on amenities: basic, premium, and ultra-premium.

This system will apply to all neighborhoods. Developers and home buyers objected to the formula because it included greater registration costs, therefore the government reversed it.

Tamil Nadu Guideline Value should be seen before purchasing the land

It is an important part of buyers’ final decision before buying a property. When it comes to stamps and registration, that’s important. It facilitates timely payment of required registration fees

There is no possibility of corruption and fraud. It helps community members learn about property values ​​so they can set a reasonable asking price when selling their homes In other words,

Actual Value or market value will not be lower than the guide value.

How to Assess Tamil Nadu Property Guideline Value?

• To begin, you should go to the official website of TNREGINET.

 

• On the Main Homepage, you should search for a box labeled “Guideline Search.”
• Then a dialogue box appears where you have to enter the survey number, as well as your zone and village.
• After you have submitted the application, you will need to wait for the acre and hectare values to display.
• You also have the option to search on the left side of the page using the street name.
• The street name, the sub-registrar office, the guideline value, and the classification will all be displayed when you do this. Additionally, the guideline value will be displayed.
• In a similar vein, the guideline value can be located by type of any property.

TNREGINET’s Online Portal Registration

• Go to TNREGINET’s website. A Homepage will appear.
• Select user registration from the menu bar drop-down.
• Based on your demands, choose a citizen, document writer, or lawyer.

 

• Choose a username and password based on the website’s terms and conditions, then verify the password.
• Fill in personal, contact, and other info. State, District, Postal Code, Address, and mobile number. Enter the security code and OTP, then click “Complete.”

Logging in TNREGINET

• To access the official website, open up your web browser and enter TNREGINET into the search bar.
• On the homepage, the page to log in can be found in the top right-hand corner.
• In the spaces that are provided, enter not only your username and password but also the code that is displayed on the image.
• When you log in to the website using the button provided, you will be taken to your account. From there, you will be able to access the information that you require.

Influences on the Worth of Mentorship in Tamil Nadu

According to official state statistics, Guidance rates in commercial properties are higher than in private residences. While determining the guideline value, the Tamil Nadu government takes into consideration various variables such as type of property, market value of the area and condition of the area For example, guide prices in Chennai range from a low of Rs 40 per sq ft to a high of Rs 23,500 per sq ft. The highest recommended price per sq ft is found at All of Tamil Nadu is available in Chennai, where it is pegged at Rs 23,500.

Tamil Nadu Vella Nivarana Nidhi 2024

FaQ

Q.How much guideline value increased in Tamil Nadu?

Ans.CHENNAI : Madras high court on Thursday set aside a March 2023 circular issued by Tamil Nadu government increasing the guideline value of properties in cities such as Chennai, Coimbatore and Madurai by 33%

Q.How to check guidance value in Tamil Nadu?

Ans.The guideline values are made accessible to all through the Tamil Nadu registration department online portal. The link is given below https://tnreginet.gov.in/portal

Q.How to find stamp duty value of property in Tamil Nadu?

Ans. Stamp duty is calculated based on the market value or the consideration value of the property, whichever is higher. So, if the value of the property is Rs. 60 lakh, the charge will be 7% of Rs. 60 lakh.

 

Tamil Nadu Guideline Value 2024 | Tamil Nadu Guideline Value 2024 – New Property Values for 3 Lakh+ Roads, Streets Announced | தமிழ்நாடு வழிகாட்டி மதிப்பு 2024 | tnreginet.gov.in brothers, if you are liked given by jagokisan.com  with the information then plz like and share so that other farmer brothers can also be helped