TNREGINET Guideline Value 2023: Tamil Nadu Land Guideline Value

In India, every state government establishes a minimum value, commonly known as the guideline value or circle rate, which serves as the baseline for property registration during sale or transfer. This prescribed rate varies depending on the property’s location or specific area.

In Tamil Nadu, this minimum value is referred to as the Tamil Nadu guideline value, regulated by the Tamil Nadu Registration Department. TNREGINET emerged as a digital platform introduced to simplify diverse property transaction services. In this article, we delve into the process of checking TNREGINET guideline values, their associated benefits, and more.

What is TNREGINET?

TNREGINET, officially known as the Inspector General of Registration (IGRS), stands as the designated online platform initiated by the Tamil Nadu Revenue Department with a precise focus on catering to property-related services. This digital interface serves as a centralized hub for individuals to access a myriad of essential services pertinent to real estate transactions. 

Through TNREGINET, citizens gain convenient access to a spectrum of functionalities, including but not limited to verifying property guideline values, ascertaining building values, facilitating online registration of marriages and deaths, and procuring encumbrance certificates. This digital infrastructure not only streamlines these processes but also enhances accessibility and efficiency for individuals involved in various property-related endeavors across Tamil Nadu.

Advantages of TNREGINET:

• Simple registration process.
• Eliminates the need to visit the sub-registrar office, as all services can be accessed from home.
• Promotes digitization through the use of web cameras, biometric, and retinal user verification.
• Real-time market valuation.
• Easy tracking of application status and registration progress.
• Real-time application progress tracking through SMS services.
• Information system for accounting and reporting.

What is Guideline Value in Tamil Nadu?

In Tamil Nadu, the guideline value refers to the minimum assessed value assigned to a property within a specific geographical area, established by the Tamil Nadu State Government. This predetermined value serves as a pivotal benchmark for assessing various duties and fees applicable to property transactions within the state.

It plays a fundamental role in determining the stamp duty, registration charges, and other levies that property owners are obligated to pay during transactions in Tamil Nadu. As such, the guideline value holds significant importance in ensuring transparency and fairness in property dealings while facilitating adherence to legal requirements and fiscal obligations.

How to Check Tamil Nadu Guideline Value?

• Visit the official TNREGINET portal.
• Click on the ‘guide value’ tab on the homepage.
• Select the desired date and time period.
• Enter basic details such as street or survey number, village, region, registrar’s office, land classification, and registration village, then click search.
• The guideline value will be displayed on the screen.

How to Check Jurisdiction for Guideline Value?

• Visit the official TNREGINET portal.
• Click on the ‘Help’ tab and then ‘web home application services’.
• Select ‘Know your jurisdiction’.
• Enter your street or village name in the field office search.
• Details such as sub-registrar office name, address, and email address will be shown.

How to Calculate Building Value on TNREGINET?

• Visit the official TNREGINET portal.
• Scroll down on the homepage and click on ‘calculation for building value’.
• Select building classification and enter details such as building type, calculation period, unit, region/zone, then click submit.
• The building value will be displayed.

Why is Guideline Value Important?

The guideline value holds significant importance due to several reasons:

• Evaluation of Property Purchase Decisions: It assists individuals in comprehensively evaluating the advantages and disadvantages of property purchase decisions. By understanding the guideline value, buyers can make informed choices regarding their investments, considering factors such as market trends and property assessments.
• Facilitation of Registration and Stamp Duty Fees: The guideline value plays a crucial role in facilitating the payment of registration and stamp duty fees. It serves as a basis for calculating these charges, ensuring that property transactions comply with legal requirements and fiscal obligations.
• Deterrence Against Fraudulent Activities: By establishing a minimum value for properties, the guideline value acts as a deterrent to fraudulent activities such as under-declaration or over-valuation of properties during transactions. It helps in maintaining transparency and integrity in property dealings, thereby safeguarding the interests of both buyers and sellers.
• Insight into Land Values for Strategic Pricing: The guideline value provides valuable insight into land values, enabling individuals to strategically price their properties in a competitive manner. Understanding the guideline value allows sellers to set realistic prices for their properties, while buyers can assess the fairness of the asking price based on the prevailing market conditions.

Overall, the guideline value serves as a cornerstone in property transactions, ensuring fairness, transparency, and adherence to legal norms while providing valuable guidance to stakeholders involved in real estate dealings.

Land Registration Fees in Tamil Nadu:

The document classification, stamp duty charges, and registration fees vary depending on the type of document. Here’s a breakdown:

Document Category	Stamp Duty Charges	Registration Fee
Purchase Deed	7% of property’s market value	4% of property’s market value
Donation Deed	7% of property’s market value	4% of property’s market value
Transaction Deed	7% of property’s maximum value	4% of property’s maximum value
Mortgage Compensation	1% (maximum Rs. 40,000) for loan amount	1% (maximum Rs. 10,000) for loan amount
Independent Mortgage	4% for loan amount	1% (up to Rs. 2,00,000) for loan amount
Sale Agreement	Rs.20	1% of transaction amount for independent sale agreement
Building Contract Agreement	1% for contract amount	1% for contract amount
Cancellation Document	Rs. 50	Rs. 50
Partition Documents (Family)	1% of market value (max Rs. 25,000 per component)	1% of market value (max Rs. 4,000 per component)
Partition Documents (Non-Family)	4% of split component’s market value	1% of split component’s market value
Public Authority Document (Sale)	Rs. 100	Rs. 10,000
Public Authority Document (Family Sale)	Rs. 100	Rs. 1,000
Public Authority Document (Other)	Rs. 100	Rs. 50
Public Authority Document (Transfer)	4% per transaction	1% of transfer amount or Rs. 10,000 (whichever is higher)
Handing Over Title Documents	Max Rs. 30,000 for 0.5% loan amount	Max Rs. 6,000 for 1% loan amount
Release Deed (Family)	1% of market value (max Rs. 25,000)	1% of market value (max Rs. 4,000)
Release Deed (Non-Family)	7% of market value	7% of market value
Leasing (Within 30 Years)	1% for additional lease amount	Max Rs. 20,000 for 1% lease amount
Leasing (Within 99 Years)	4% for additional lease amount	Max Rs. 20,000 for 1% lease amount
Leasing (Over 99 Years)	7% for additional lease amount	Max Rs. 20,000 for 1% lease amount
Trust Document (No Property)	Rs. 180	1% Corpus Fund

This table offers a comprehensive overview of the charges associated with various types of documents involved in land registration in Tamil Nadu.

To sum up, TNREGINET streamlines property-related activities that traditionally necessitate a visit to the sub-registrar office. By providing an online platform, TNREGINET enables property owners and buyers to conveniently access guideline values without leaving their homes. This accessibility aids in accurately determining registration values, thereby facilitating smoother and more efficient property transactions.

Here is the link to official government website.