Description

A guideline value, also known as the minimum or market value of a property, is a benchmark set by the government for a property's transaction value. It's used to calculate stamp duty and registration fees. Here are some reasons why guideline value is important: Fair transactions Guideline value helps ensure fair transactions by establishing a baseline price for property registration. Standardized pricing Guideline value provides a standardized reference point for property transactions. Legal issues If the property's transaction value is not as per government guidelines, there can be legal complications that occur. The government determines the guideline value based on a number of factors, including: Location, Amenities, Infrastructure, and Surveys and evaluations. In Tamil Nadu, you can access property-related services through the TNREGINET portal. This helps property owners and buyers get to know the property or building value and the guideline value.