Tamilnadu: Land & Property Guideline Value Increased From November 2014..!
There is no official announcement...!
In Tamil Nadu, the
Guideline Value of property had increased by nearly 20% from November middle,
2014. But, there is no official announcement.
There is no update in Tamilnadu governments official web site
(http://www.tnreginet.net/). The guideline Value
increased by district level. Some areas like Chennai city (Ashok Nagar)
the guideline value increased by about 12.5%.
Let's see what the
impact of the 20% Guideline Value increase.
Before
November 2014, the government guideline value of a property worth Rs. 50,00,000 (Rs. 50 lakh). ie 8%, of the guideline value of the the
property is Rs. 4,00,000 (Rs. 4 lakh). If the
Government guideline value increased by 20%, the value of property ,w ill
increase to Rs. 60 lakh. Then the 8% is Rs. 4.8 lakh. ie Rs. 80,000 to be paid in addition.
According to one
senior official, ''As the Tamilnadu State is losing huge revenue due to non
revision of guideline values after substantial increase in the market value of
properties, The state government had
decided to implement the revised guideline values with effect from November,
2014."
Stamp Duty on instruments of sale & other instruments
presently charged at the rate of 5% to be continued. There is no
change in the 2% surcharge {collected for development of local bodies such as
corporations, municipalities & panchayats} and 1% registration fee. In
effect, overall registration charges would not change. This is now at 8%.
Guideline value is
the minimum price for plots of land and
property (Flats or House) fixed by state government for registration of plot of
land & properties. Through periodical changes in guideline values, on which
stamp duty & registration fees are based, the state government keeps pace
with shifts in market prices.
In Tamil Nadu, the
guideline values were last revised in April 1, 2012. In 2012, revised, new guidelines were
announced values. Accordingly, the value of agricultural land in the guide,
270% of household housing guide value has increased by 170% Guideline
value.
Guideline Value
relating to about 1.1 lakhs streets and
over 2.90 Crore Survey Numbers / or Subdivision
In general Taluk,
District, and State-level groups analyzed, each part of the guideline values.
Finally, the high value recorded in the document, the document, based on the
guideline values increased, by district-level committees.
Using this power,
last few months, many districts
registration officers increased the guideline value. Currently in South
Chennai, Kancheepuram, Tiruvallur, Vellore, Cuddalore, including various
districts, the guideline values, there
would be increased by average 20%.
Document and
records related to the sale of the property declined. Last, 2011 - 12
financial year, 35.18 million were recorded in the documents. The new guide
values came into force, the 2012 - 13 fiscal year, 26.90 million were recorded
in documents.
The financial year 2013 -14, at least 26.53 million. Reduction of the
number of documents, the Registration Department has been unable to reach the
goal set by the Revenue. Once the values of
the new guide, the last two years, the documentary records of the rate dropped
to 25%, this will be continued.
GUIDELINE VALUE & PROPERTY VALUATION
Guideline value register is available with the Registering officer. Ascertain the guideline value of the property and the Stamp Duty, Registration Fees etc, to be paid with the Registering officer.
Guideline Values in respect of all areas in Tamil Nadu have been revised with effect from 1-4-2012.
Guideline Values in respect of all areas in Tamil Nadu have been revised with effect from 1-4-2012.
| GUIDELINE SEARCH |
| From 1-4-2012 |
| From 1-8-2007 To 31-3-2012 |
| From 1-4-2003 To 31-7-2007 |
| From 1-4-2002 To 31-3-2003 |
Guideline Value
From : 01-04-2012
Choose Zone
Chennai
Coimbatore
Cuddalore
Madurai
Salem
Thanjavur
Thirunelveli
Trichy
Vellore
Disclaimer:
The Guideline Values hosted in the http://www.tnreginet.net/ web site are subject to confirm with the Registering Officers concerned.
Guideline Value
Guideline Value relating to 1.85 lakhs streets and over 4 Crores Survey Numbers/Subdivision Numbers are available on this site for query
For Property Valuation, Click on the Street Name from the Street List, where the property is located.
Please select the zone from the zone list
The Inspector General of Registration,
No.100, Santhome High Road,
Chennai 600 028,
Tamil Nadu,India.
No.100, Santhome High Road,
Chennai 600 028,
Tamil Nadu,India.
Web Site: http://www.tnreginet.net
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