TNREGINET Guideline Value 2024: How to Check Tamil Nadu Land Guideline Value?
In India, state governments fix a rate below which properties cannot be registered in a particular area at the time of sale or title transfer. This rate is known by various names, such as circle rate, guideline value, ready reckoner rate, etc. In Tamil Nadu, it is known as the TN guideline value or guideline value. In Tamil Nadu, the TNREGINET portal allows individuals to check the TNREGINET guideline value or Tamil Nadu guideline value.
Citizens can easily access many services, such as obtaining property certificates, transfer and registration, etc., by logging on to the TNREGINET portal, the official State Government revenue department portal. The purpose of the TNREGINET portal is to eliminate the difficulty of visiting the Sub-Registrar Office (SRO) and expedite the property transfer and registration process.
What is TNREGINET?
TNREGINET, or the Inspector General of Registration (IGRS), is the official portal of the Tamil Nadu revenue department that provides all property-related services. Citizens can access various services, such as checking the property guideline value, searching the encumbrance certificate, ascertaining the building value, stamp duty valuation, registration of marriage, registration of the death, etc., online using the TNREGINET platform.
Tamil Nadu guideline value 2024
The guideline value is the minimum value of a property in a particular area, as listed by the Tamil Nadu state government. It is essential to know the guideline value to calculate the fees and duties payable in Tamil Nadu by a property owner. Guideline value is the minimum value of a property, as fixed by the state government, at which the property can be registered. According to the government records (Tamil Nadu Registration Department), guideline value means the estimated market value of the land at which it can be registered. It ideally reflects the property’s actual market value.
If the property is sold at a value higher than the guideline value, the registration of the property will be based on the higher value. However, if the property is sold below the guideline value, the buyer should pay registration charges and stamp duty based on the minimum value.
The Tamil Nadu government fixes the guideline value for each area in the state. The guideline values are based on the streets for well-developed residential areas. The guideline value is fixed based on the survey number of the property for lands/properties that have not been formed into streets.
How to check Tamil Nadu land guideline value?
Individuals can check the TN guideline value online on the TNREGINET portal by following the below steps:
Step 1: Visit the official TNREGINET portal.
Step 2: Click on the ‘Guide Value’ tab on the homepage.
Step 3: Click on ‘From 01-04-2023’
Step 4: Select the street or survey number, select village wise or land classification board, enter the details such as region, office of the registrar, registration village, and land classification and click the ‘Search’ button.
Step 5: The guideline value will appear on the screen.
How to check jurisdiction for guideline value?
Step 1: Visit the official TNREGINET portal.
Step 2: Click the ‘Help’ tab on the homepage and click ‘Web Home Application Services’.
Step 3: Click the ‘Know Your Jurisdiction’ option.
Step 4: Enter the field office search ‘Street Name’ or ‘Village Name’, and click ‘Search’.
Step 5: This will display the details related to the jurisdiction, such as the district name, zone, name and address of the Sub Registrar’s Office (SRO), and the Sub Registrar’s email address.
How to Calculate Building Value on Tnreginet?
Step 1: Visit the official TNREGINET portal.
Step 2: Scroll down the homepage and click the ‘Calculation of Building Value’ option.
Step 3: Select the building classification and enter the details, such as building type, zone/region, building age, calculation period, unit, etc., and click ‘Submit’.
Step 4: The building value will be displayed on the screen.
Importance of guideline value
- It helps to calculate and estimate the overall cons and pros of a house purchase decision.
- It plays a vital role in the payment of registration and stamp duty charges. It also helps the registration authorities and buyers to detect the undervaluation of properties.
- It helps to prevent fraud. Those who avoid paying the registration charges can be tracked and, therefore, gets rid of scams and corruption regarding land-related deals.
- It is a good index helping buyers understand the land value to price their properties competitively.
Land registration fees in Tamil Nadu
The TNREGINET portal provides the registration and stamp duty charges in Tamilnadu, which are as follows:
| Document classification | Stamp Duty Charges | Registration fee |
| Sale deed document or purchase document | 7% of market value
| 4% of market value |
| Donation document | 7% of market value | 4% of market value |
| Transaction | 7% of maximum property value | 4% of maximum property value |
| Compensation mortgage | 1% (for loan amount) maximum Rs. 40,000 | 1% (for loan amount) maximum Rs. 10,000 |
| Mortgage (Independent) | 4% (for loan amount) | 1% (for loan amount) up to a maximum of Rs. 2,00,000 |
| Selling agreement | Rs.20 | 1% (upfront) of the transaction amount if the sale agreement is independent |
| Building contract agreement | 1% for the contract amount or the amount specified in the document | 1% for the contract amount or the amount specified in the document |
| Cancellation document | Rs. 50 | Rs. 50 |
| Partition documents between family members | 1% of market value for each component (maximum Rs. 25,000) | 1% of market value per component (maximum Rs. 4,000) |
| Partition documents amongst non-family members | 4% of the market value of the split component | 1% of the market value of the split component |
| Document of public authority for the sale of public power | Rs. 100 | Rs. 10,000 |
| Document of public authority for the sale of public power (per family member) | Rs. 100 | Rs. 1,000 |
| Document of public authority for purposes other than the sale of public power | Rs. 100 | Rs. 50 |
| Document of public authority (with transfer amount) | 4% per transaction | 1% of the transfer amount or Rs. 10,000 whichever is higher |
| Handing over of title documents | Maximum Rs. 30,000 for 0.5% loan amount | Maximum Rs. 6,000 for 1% loan amount |
| Release deed between family members | 1% of market value (maximum Rs. 25,000) | 1% of market value (maximum Rs. 4,000) |
| Release deed amongst family non-persons | 7% of market value | 1% of market value |
| Leasing within 30 years | 1% for an additional lease amount | Maximum Rs. 20,000 for 1% lease amount |
| Leasing within 99 years | 4% for an additional lease amount | Maximum Rs. 20,000 for 1% lease amount |
| Leasing over 99 years | 7% for an additional lease amount | Maximum Rs. 20,000 for 1% lease amount |
| Document of trust (in the absence of immovable property) | Rs. 180 | 1% Corpus Fund |
Citizens can access various property-related services through the TNREGINET portal at the convenience of their homes. It helps property owners and buyers in Tamil Nadu to get to know the property or building value and the guideline value. It helps them decide on the registration value of the property in Tamil Nadu. Since TNREGINET is an online platform, anyone can access property-related services anytime without visiting the Sub-Registrar Office.
Quick Summary
In India, state governments set a minimum property registration rate known as the guideline value. In Tamil Nadu, this is called the TN guideline value, available on the TNREGINET portal. Services include property certificates, registration, and transfer. Guideline values help calculate property fees and stamp duties. The portal aims to facilitate property transfers, eliminating visits to the Sub-Registrar Office. It's crucial in preventing undervaluation and fraud in property deals.
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