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It is important to understand why guideline value (GV) is important. The guideline value (or guidance value) is the minimum value at which the property has to be registered. Registration and stamp duty charges are a major source of revenue for the government. Instances of home buyers evading stamp duty charges are very common and this is why it becomes important to fix a minimum value for properties. In this article, we examine how to check the guideline value Chennai for properties in the city.
See also: 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.
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.
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Other services available on the Tamil Nadu Registration website
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.
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.
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FAQ
When was the Guideline Value in Chennai last revised?
Guidance Value for property in Chennai was last revised in 2017.
Where can I view the Encumbrance certificate?
You can visit the official website of the Registration Department. Go to E-services >Encumbrance Certificate > View EC and feed in the details.
Where can I address queries regarding Guideline Value in Chennai?
You can call on 18001025174 or write to helpdesk@tnreginet.net. The department is working from Monday to Friday 8 AM to 8 PM and on Saturdays from 10 AM to 5 PM, excluding government holidays.
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