Property Guideline Value in Chennai is essential to know when you want to buy a house or land in Chennai. You need to know the property standard value. The Tamil Nadu registration department’s online site makes it easy to find the guideline value in Chennai.
It is important to check the guideline value of a property, it is one of the most important things to consider when getting stamps and registering property.
The figure used as a guide is based on the area’s street number and survey number. To find out how much a building is worth, external costs are added to the guideline value.
- What do you understand by Guideline Value in Tamil Nadu?
- What is the significance of guideline value?
- How do you check Guideline Value in Chennai online?
- How is the guideline value calculated in Chennai?
- Let's do this step by step
- Guideline Value of Land in Chennai: Zone Wise
- Latest News on Chennai's guideline value
- Summing Up:
- Frequently Asked Questions (FAQ'S)
What do you understand by Guideline Value in Tamil Nadu?
The guideline value for land in Tamil Nadu is the land’s expected market value based on records from the government.
The guideline value would show what the market is worth. The standard value for land in Tamil Nadu is usually less than the market value, but it can also be more than the market value.
The government has set values as a general rule for all places in the state. Residential places that have been around for a while have street-level values.
For homes that aren’t built into streets, the standard value is set by the home’s survey number.
In Tamil Nadu, the property’s guideline value is a big part of the decision to buy it and the registration process that follows.
To escape having to pay registration fees, the registering officer can tell if a property is undervalued by using a guideline value.
But if the suggested value is too high compared to the market value, that can be brought to the attention of the person in charge.
What is the significance of guideline value?
The guideline value holds significance as it represents the minimum price at which a property can be purchased or sold.
Consequently, there will be a guaranteed minimum value that you will receive when selling your property.
It is a significant consideration when buying or selling real estate. Guideline values act as a primary source through which the state generates revenue.
An increase in registrations leads to greater revenue collection.
A well-developed area tends to have a higher guideline value, whereas a poorly developed property or area has a lower guideline value.
The Stamps and Registration Department of each state establishes the guidance value.
The registration value is established based on the guideline value.
The property’s sale value must be registered as the guideline value, even if it is purchased for a lower amount.
If the property is purchased at a value exceeding the guidance value, it is registered according to the market value. It also helps in avoiding the undervaluation or overvaluation of property.
How do you check Guideline Value in Chennai online?
The guideline value in Chennai can be accessed online.
The guideline value of a certain location is contingent upon the street number or survey number of the area.
It is also contingent upon the advancement of the locality. As previously mentioned, more developed areas possess a greater guideline value.
How is the guideline value calculated in Chennai?
The formula to calculate the guideline or minimum value of a property in Chennai is as follows:
Value of a property = Guideline value in Rs/sq m X Built-up area in sq m
For example, if the area of a property is 500 sq m and the guideline value in that locality is Rs 10,000/sq m, then the total property value will be Rs 50 lakh.
| Guideline value calculation in Chennai (Example) | |
| Property size | 500 sq m |
| Guideline value | Rs 10,000 /sq m |
| Total Property Value | Rs (10,000 x 500) = Rs 50 lakh |
People can also go to the official website of the Tamil Nadu government to see and check their most recent standard values.
Let’s do this step by step
1. Visit the Registration Department’s official website i.e. https://tnreginet.gov.in/portal/
2. Click on the guideline value tab. Choose Chennai as the zone.
3. Fill in the needed information, such as the street or survey number. Select your chosen Sub Registrar Office, village, and street names.
4. Click on the search option and the street details will be shown on the screen.
You can also find other services here, such as figuring out the binding value and making papers like abstract draft deeds and encumbrance certificates.
You can easily figure out how much your home is worth with the help of a guideline value in Chennai.
Follow the steps given to check the property’s standard value. Then, find its market value.
The market value of your home and the government-recommended value can be used to find out how much your home is worth.
Guideline Value of Land in Chennai: Zone Wise
Areas in North Zone:
| Area | Min Price | Max Price |
| Anna Nagar East | 1250 | 2200 |
| Anna Nagar West Extn | 1250 | 1750 |
| ICF Colony | 900 | 1500 |
| Jawahar Nagar | 900 | 1300 |
| Kodungaiyur | 800 | 1200 |
| Kolathur | 750 | 1500 |
| Madhavaram | 900 | 1200 |
| Madhavaram Milk Colony | 750 | 1000 |
| Manali | 700 | 900 |
| Manali New Town | 700 | 900 |
| Perambur Barracks | 900 | 1300 |
| Pozhal | 700 | 1000 |
| Red Hills | 700 | 1000 |
| Royapuram | 900 | 1200 |
| Sholavaram | 700 | 900 |
| Tiruvottiyur | 900 | 1200 |
| Tondiarpet | 1000 | 1500 |
| Vyasarpadi | 900 | 1500 |
| Washermanpet | 1000 | 1350 |
Areas in South Zone:
| Area | Min Price | Max Price |
| Adambakkam | 900 | 1100 |
| Adyar | 1500 | 2200 |
| Ashok Nagar | 1200 | 2000 |
| Besant Nagar | 1800 | 2800 |
| Chitlapakkam | 700 | 1000 |
| Chromepet | 800 | 1200 |
| Guindy Industrial Estate | 1000 | 1800 |
| K.K. Nagar | 1500 | 2400 |
| Kodambakkam | 1000 | 1800 |
| Kotturpuram | 1150 | 2000 |
| Madipakkam | 650 | 1000 |
| Meenambakkam | 1200 | 1400 |
| Mylapore HO | 1500 | 3500 |
| Nandambakkam | 900 | 1200 |
| Nandanam | 1800 | 2500 |
| Nanganallur | 750 | 1250 |
| Old Pallavaram | 750 | 1250 |
| Pallavaram | 750 | 1200 |
| Pammal | 600 | 900 |
| Pazhavanthangal | 800 | 1000 |
| Raja Annamalaipuram | 2000 | 3200 |
| Saidapet | 850 | 1200 |
| Selaiyur | 850 | 1000 |
| St. Thomas Mount | 1200 | 1400 |
| Tambaram East | 1000 | 1500 |
| Tambaram HO | 850 | 1200 |
| Tambaram IAF | 800 | 1200 |
| Tambaram Sanatorium | 700 | 800 |
| Teynampet | 900 | 1100 |
| Tiruvanmiyur | 850 | 1500 |
| TTTI Taramani | 900 | 1200 |
| Velacheri | 850 | 1350 |
| Virugambakkam | 850 | – |
| West Mambalam | 1200 | 1800 |
Areas in the Central Zone
Anna Road HO, Broadway, Chennai GPO, Chetpet, Choolaimedu, Egmore, Flowers Road, Fort St. George, Gopalapuram, Greams Road, Kilpauk, Nungambakkam, Park Town HO, Royapettah, Tiruvallikeni, Vepery.
You can find the Guideline Value in https://tnreginet.gov.in
Areas in West Zone:
Alwarthirunagar, Ambattur HO, Ambattur Industrial Estate, Aminjikarai, Anna Nagar, Arumbakkam, Avadi Camp HO, Avadi IAF, Ayanavaram, CRP Camp Avadi, Korattur, Korattur R.S, Koyambedu, Kunnathur, Padi, Pattabiram, Poonamallee, Porur, Saligramam, Shenoy Nagar, Tiruverkadu, Vadapalani, Villivakkam.
You can find the Guideline Value in https://tnreginet.gov.in
Latest News on Chennai’s guideline value
The value of the tnreginet guideline value is usually raised by the government every year. In Chennai, the govt guideline value tamilnadu has dropped by 33.33%. The registration fee has gone up from 1% to 4%. The stamp tax has also been raised to 8%.
This means it costs more to buy property now than it did before, and the seller will gain more than the buyer. In Chennai, there are a lot of ranges.
There is a wide range of guideline values in Chennai. It starts from as low as Rs.400 per square foot and goes as high as Rs.23,500 per square foot.
In Tamil Nadu, Chennai has the highest guideline value at Rs.23,500 per square foot. Chennai has the most streets in Tamil Nadu, accounting for around 31.7% of the total.
Recently, the Tamil Nadu government established a state shelter fund to help the impoverished urban population. Properties larger than 3,000 square meters are required to pay shelter charges ranging from 1% to 3% of the property’s guideline value per square meter.
Reduced Registration Charges on Joint Venture Projects
To persuade more individuals to acquire properties and increase registrations, the Tamil Nadu finance department is proposing to reduce registration fees on JV (Joint Venture) projects. A joint venture is a common means of combining the assets and expertise of two otherwise unrelated companies. It accounts for the majority of commercial development in the state. This new plan reduces the guideline value in Chennai for joint ventures from 11% to 2%. This will result in more joint venture programs being registered, which will increase revenue for the state.
Summing Up:
The acquisition of a new property in Chennai or any other location necessitates an understanding of the guideline value. Chennai, a metropolitan metropolis, has a diverse set of guiding principles. The Tamil Nadu government’s official online portal provides a comprehensive list of guideline values in Chennai, which can be accessed and compared by searching for specific areas. By employing these values, you can guarantee that your property will never be undervalued. As a rehabilitation program for impoverished urban residents, the Tamil Nadu government has implemented new guideline values that include a shelter fund value of 1% to 3%.
When dealing with the law and files, you must be very careful, as even the smallest mistake could cost you a lot. Before you sell your home, make sure you have the right guideline value, and when you buy a home, make sure the buyer has the right papers to check the same.
Frequently Asked Questions (FAQ’S)
Q1. What is the guideline value used for?
Ans. It’s used to figure out how much the property is worth. It also helps keep the property’s value from falling too low. It is used to figure out how much stamp tax and registration fees are for a certain piece of land.
Q2. When was the guideline value in Chennai revised?
Ans. In 2017, the Chennai guideline values were changed. These forms can be found on the website of Tamil Nadu’s registration department.
Q3. How can I find out what the most recent guideline value is in Chennai?
Ans. The sub-registrar’s office closest to you will have the most up-to-date information on the guideline values in Chennai.
Q4. What elements influence the guideline value of an area?
Ans. The survey number, street number, and the area’s development all have an impact on the guidance value. A region with more development will have a higher guidance value. Similarly, locations with less development tend to have lower guideline values.
Q5: Why does the government raise the Guideline value of properties?
Ans. To increase the number of registrants, the government increases property guideline values. This, in turn, helps to increase the state’s revenue.
Q6: Where can I get the guideline value in Chennai?
Ans. The guideline values are available to anyone through the Tamil Nadu registration department’s web portal. The link is provided below: https://tnreginet.gov.in/portal.
Q7: Where can I get answers to my questions about guideline value in Chennai?
Ans. Send an email to helpdesk@tnreginet.net to get in touch with the registration team. During business hours, you can also call 044-24640160 or 18001025174. Monday through Friday from 8 a.m. to 8 p.m. and Saturday from 10 a.m. to 5 p.m. There are no government holidays in this list. You can also call at 044-24642774.