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 department’s website currently has the guideline value/guidance value for 2.19 lakh streets and 4.46 billion field numbers/subdivision numbers
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
To use Tnreginet’s services, you must first create an account on the website.
For user registration on the Tnreginet portal, follow these inst
