Guideline Value of any land should truly reflect the market value. Guideline values have been fixed for all the areas in the State. Well established residential areas have only street based guideline values. The guideline values have been fixed for survey numbers to the properties which are not formed into street. This will remain unchanged till the next revision. Higher value registration will not have automatic adoption for subsequent registration. This guideline values help the registering officer in the detection of prima facie under valuation of property. In most of the places, the guideline value is lower than the prevailing market value. In a few places, the guideline value may be unreasonably higher than the market value. Such cases should be brought to the notice of the concerned District Registrar, Deputy Inspector General of Registration and Inspector General of Registrations for correction of anomalies. There is a committee at State level which finally approves reduction in such issues after perusing the recommendation of the Sub Committee headed by concerned District Collectors.
The guideline values are hosted on the website http://www.tnreginet.net. The latest guideline value we are now following came into effect from 01-04-2012. The guideline value is a public document. In offices having STAR facility the guideline values can be ascertained free of cost for any property on the counters.
Finding the guideline value for our area was not an easy task. The website is really tough to navigate around for anyone new.
Steps:
- Go to http://www.tnreginet.net/
- In the guideline search section, select"Chennai" for zone, "Chennai South Zine Joint I" for sub-registrar office and "Thiruvanmiyur" for village, and enter "Indra Nagar" for street name and hit "Submit"
- You will see a list of streets starting with "Indra Nagar" in the results returned
- Find "Indra Nagar 4th Avenue" in the search results
- Guide line value is Rs.9000/Sq.Ft
Click here for the list of guideline value.
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