When buying or selling a property in Tamil Nadu, it is important to know the guideline value of the property. The guideline value, also known as the circle rate or the government rate, is the minimum value at which a property can be registered. It is determined by the Tamil Nadu government and is used to calculate stamp duty and registration charges.
Here are the steps to find the guideline value of properties in Tamil Nadu:
- Visit the official website of the Tamil Nadu government’s Department of Registration and Stamp Revenue.
- On the homepage, click on the ‘Guideline Value’ tab.
- Select the district in which the property is located.
- Choose the area or locality from the dropdown menu.
- Specify the street name and the door number of the property.
- Click on the ‘Submit’ button to view the guideline value.
Alternatively, you can also visit the Sub-Registrar’s office in the district where the property is located and inquire about the guideline value. The officials at the office will be able to provide you with the necessary information.
It is important to note that the guideline value is subject to change periodically. The Tamil Nadu government revises the guideline value based on market conditions and other factors. Therefore, it is advisable to check the latest guideline value before buying or selling a property.
Knowing the guideline value of a property is crucial as it helps in determining the stamp duty and registration charges. Stamp duty is a tax levied on the transaction value of the property, while registration charges are the fees paid for registering the property in the buyer’s name.
By following the above steps, you can easily find the guideline value of properties in Tamil Nadu. It is always recommended to consult a professional real estate agent or a lawyer to ensure that you are aware of all the legal aspects and implications before making any property transactions.