[ecis2016.org] In this article, we explain how to check the guideline value in Chennai through the official website

Guideline value (GV) is the government-decided minimum value at which the property has to be registered in the official records. While it known as circle rate and ready reckoner rates in other states, the term GV is more common in Tamil Nadu and its capital Chennai included. In this article, we examine how to check the guideline value Chennai for properties in the city.

You are reading: All about guideline value in Chennai

[ecis2016.org] All about Guideline Value in Tamil Nadu

How to find land guideline value in Chennai?

Across Tamil Nadu, the guideline value for 2.19 lakh streets and 4.46 billion field numbers / sub-division numbers are already available online.

Step 1: Go to the official website of the Registration Department, known as TNREGINET website.

Read also : AAP demands CBI probe into delay, alleged corruption in Rani Jhansi flyover project

Or, you may also try by clicking on the ‘Guide value’ tab.

Enter other details such as, street or survey number, choose the criteria and proceed. Hit ‘Search’ to see the street-wise details. Click on the one you are seeking information about.

Check out properties for sale in Chennai

Other services available on the Tamil Nadu Registration website

Read also : Realty sector on recovery path, HNIs pouring money: Report

Apart from the guideline value, citizens can also avail of other services, such as:

• View encumbrance certificate.
• Calculate building value.
• Create document abstract for draft deed, encumbrance certificate, or certified copy.
• Track application status of encumbrance certificate.

Is information available on the Registration Department’s website updated?

Absolutely, the information provided online on the official website is updated and the department has assured that no physical visit is required, for the services provided online.

Registrar offices in Chennai to function on auspicious days

Many home buyers may wish to register their properties on an auspicious days and this has led the Commercial Department to direct registrar offices to work during three national holidays, including Tamil New Year (Chithrai Mudhal Naal – April 14), Aadi Perukku (September 8) and Thai Poosam (January 18, 2022). The department may or may not collect an additional charge for registrations on these days.

Related read:

• CRZ notification for Mumbai coastal road project soon
• Top 10 office markets that witnessed highest rental growth in Q3 2018: Colliers report
• HC refuses to vacate stay imposed on BMC’s Tree Authority
• RERA in the NCR: A status update
• Change of land use, constructions along waterways caused 2015 Chennai floods: CAG

Shelter charges and guideline value in Chennai

Recently, the Tamil Nadu government constituted a state shelter fund to rehabilitate the urban poor. New commercial, industrial, residential and institutional buildings across the state, with a floor space of over 3,000 sq metres, will be liable to pay shelter charges of between 1% and 3%, based on their guideline value per sq metre. The Tamil Nadu Town and Country Planning (Levy of Shelter Charges and State Shelter Fund) Rules, 2020, will be applicable to areas covered by the provisions of the Tamil Nadu Town and Country Planning Act, 1971.

Registration fee slashed

In a bid to encourage home buying and registrations, the registration and finance departments of Tamil Nadu are planning to slash the registration charges on joint venture (JV) projects, which form the bulk of residential and commercial developments being undertaken in the state, from 11% of the guideline value to only 2%. The idea is to encourage more JV projects to get registered, as these would add to the state’s revenue. The feasibility study for this is ongoing.

Check out property prices in Chennai

FAQs

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle