Description
The minimum value at which a property can be registered, as determined by the state government, is known as the guideline value.
If a property is sold for a higher price than the guideline price, the registration will be based on the higher price.
If you buy a property for less than the guideline value, you’ll have to pay stamp duty and registration fees based on that amount.
The value of a guideline is significant because it is the lowest price at which a property can be purchased or sold.
As a result, there will be a minimum guaranteed value for your property when you sell it. It is an important consideration when buying or selling a home.
One of the most important sources of revenue for the state is guideline values.
A higher revenue collection is the result of more registrations.
A well-developed property or area has a higher value of a guideline, whereas a poorly developed property or area has a lower guideline value.
The Stamps and Registration Department of any state determines the value of a guideline The value of a guideline, determines the registration value.
Even if the property was purchased for a lower price, you must register the sale price as the guideline price.
When a property is purchased for a higher price than the value of a guideline, it is recorded in terms of market value.
It also helps to prevent property undervaluation or overvaluation.
The value of a guideline in Chennai can be found on the internet. The street number or survey number of a location determines the value of a guideline, of that location.
It also depends on how the community develops.
As previously stated, the value of guidance is higher in more developed areas. value of a guideline
It is important to note that new users must use any of the registered user’s services on tnreginet guideline value within seven days of creating their user profile. Otherwise, their user ID will be automatically deactivated.
Existing users must use one of the registered user’s services every three months since their last Tnreginet activity.
Otherwise, their user ID will be automatically deactivated.
The Tamil Nadu government mandated that the Registration Department issue encumbrance certificates (EC) to businesses within three days starting in 2021.
Encumbrance certificates can be downloaded for free from the Tnreginet Only your local government can provide you with information about the land and other related matters.
Follow these steps on the Tnreginet portal to determine your area’s local jurisdiction:
Go to the ‘Know your Jurisdiction’ option on the Tnreginet homepage.
Fill in the value of a guideline value by street name or village name and click the ‘Submit’ button.
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