In Tamil Nadu, the guideline value refers to the minimum value set by the state government for properties in a specific area. This value serves as a benchmark for property registration and taxation, ensuring transparency and fairness in real estate transactions. It is crucial for determining stamp duty and registration charges during property transactions.
Importance of Guideline Value:
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Transparency in Transactions: By setting a standard minimum value, the government ensures that properties are not undervalued during sales, which helps in maintaining fair market practices.
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Revenue for Government: Accurate property valuations based on guideline values ensure appropriate collection of stamp duty and registration fees, contributing to the state's revenue.
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Legal Compliance: Adhering to the guideline value during property registration helps in avoiding legal complications and ensures that transactions are recognized by law.
How to Check Guideline Value in Tamil Nadu:
The Tamil Nadu government provides an online portal, TNREGINET, to facilitate easy access to property guideline values. Here's a step-by-step guide to checking the guideline value:
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Visit the TNREGINET Portal:
- Navigate to the official website: https://tnreginet.gov.in/portal/.
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Access Guideline Value Search:
- On the homepage, click on the 'Guideline Value' option.
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Select Search Criteria:
- You can search by 'Street Name' or 'Survey Number'.
- Choose the appropriate option based on the information you have.
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Enter Property Details:
- Provide necessary details such as Zone, Sub-Registrar Office, Village, and Street Name or Survey Number.
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Submit and View Results:
- After entering the details, click on 'Search' to view the guideline value for the specified property.
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For a comprehensive understanding, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) provides detailed guidelines and property valuation documents. These documents offer insights into the valuation process and the factors considered in determining guideline values. You can access these resources here: TNRERA Guideline Value & Property Valuation.
Factors Influencing Guideline Value:
The guideline value of a property in Tamil Nadu is influenced by several factors:
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Location: Properties in prime areas or urban centers typically have higher guideline values compared to those in rural or less developed regions.
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Property Type: The intended use of the property, whether residential, commercial, or agricultural, affects its valuation.
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Market Trends: Prevailing real estate market conditions and demand-supply dynamics play a role in determining property values.
Recent Updates:
As of 2025, the Tamil Nadu government has introduced revisions to the guideline values. Notably, there is an additional charge ranging from 1% to 3% as a shelter fund, aimed at supporting rehabilitation programs for the underprivileged in urban areas. This initiative underscores the government's commitment to social welfare through real estate transactions.
Understanding the guideline value is essential for anyone involved in property transactions in Tamil Nadu. It ensures that buyers and sellers engage in fair dealings, comply with legal requirements, and contribute appropriately to state revenues. Regularly consulting the TNREGINET portal and staying informed about updates from TNRERA can aid in making informed real estate decisions.
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