Guideline Value Search at TNREGINET

If you are involved with property transactions in Tamil Nadu, then you have probably come across at the TNREGINET for Guideline Value. But what exactly is it, and how does it affect you as a buyer, seller, or real estate investor? This is most important for the registration of properties in Tamil Nadu, affecting everything from pricing to the calculation of stamp duty.

What is TNREGINET Guideline Value?

The TNREGINET Guideline Value is the minimum value set by the Tamil Nadu government for registering properties. It acts as a floor price for property registration, ensuring that properties are not undervalued during the process. The value is set by the Tamil Nadu Registration and Stamps Department under the Tamil Nadu Registration Act, and it is based on a range of factors, including the location and type of property.

The TNREGINET portal, which is managed by the state government, provides easy online access to these guideline values. It is a convenient tool for anyone looking to check the minimum value of a property before proceeding with registration or real estate transactions.

Importance of TNREGINET Guideline Value

1. Affects Stamp Duty Calculations: One of the biggest impacts of the TNREGINET Guideline Value is its role in determining stamp duty. When you buy a property in Tamil Nadu, the stamp duty is based on the higher value between the actual transaction price and the guideline value. So, if you are buying a property for less than the guideline value, you will still pay stamp duty based on the guideline value. This helps ensure that the government collects the right amount of taxes and that the transaction is in line with fair market value.

2. Prevents Undervaluation: The guideline value prevents sellers from undervaluing their properties for the purpose of tax evasion. If a property is sold below its prescribed guideline value, the transaction would not be processed, ensuring that the government receives fair taxes on all property deals.

3. Transparency in Property Deals: By establishing a clear, standardized value for properties, the TNREGINET Guideline Value helps bring transparency to property transactions. It gives both buyers and sellers a common reference point, making negotiations more straightforward and reducing disputes.

4. Facilitates Accurate Market Valuation: The guideline value helps both buyers and sellers assess the fair market price of a property. Whether you’re selling your home or buying a new one, the guideline value can serve as a good reference for the market rate in that area.

Guideline Value Calculate by TNREGINET

The TNREGINET Guideline Value is not just a random number, it is based on a variety of factors that reflect the current state of the real estate market.

The Calculation Method-

• Location: The area in which a property is located plays a significant role in its guideline value. Properties in busy urban centers or prime areas typically have a higher value than those in rural or less developed regions.

• Type of Property: Residential, commercial, agricultural, and industrial properties are all valued differently. For example, commercial properties in high demand areas are usually valued higher than residential properties in the same location.

• Size of the Property: Naturally, the larger the property, the higher the guideline value. The value per square foot or square meter increases depending on the type of property and its location.

• Market Trends: The real estate market can fluctuate, and the guideline value is adjusted accordingly. In areas where property prices are on the rise, the guideline value may also increase.

• Nearby Infrastructure: Proximity to amenities like schools, hospitals, shopping centers, and public transportation can boost the guideline value, making a property more desirable.

How to Check Guideline Value on Tnreginet Portal?

For checking guide line value by TBREGINET you can go with the process.

1. First visit the TNREGINET Portal or visit here https://tnreginet.gov.in.

2. Next go to the section titled ‘Guideline Value’ or ‘Online Search’ on the homepage.

3. Then you will need to provide some basic information, including the district, taluk, village, property type, and sometimes the survey number or sub division number.

4. After entering the necessary details, you can see the guideline value for that specific area or property on your screen.