Don't Worry! Our Experts Are Here to Help You Respond and Resolve
Trusted by 1 Million+ Users
4.9 Star User Rating
2500 Cr. Taxes Saved Already
In India, state governments fix a minimum value or minimum rate below which the properties cannot be registered at the time of sale or transfer. This rate can vary depending on the area or location where the property is situated. This minimum value is known by names such as ready reckoner, guideline value, and circle rate. In Tamil Nadu, it is named the Tamil Nadu guideline value by the Tamil Nadu Registration Department. TNREGINET is a platform that has been introduced to digitize various services for property transactions. In this article, we will understand how to check TNREGINET guideline value, its benefits, and a lot more.
TNREGINET or the Inspector General of Registration (IGRS), is the official Tamil Nadu Revenue Department portal, specially made for all property-related services. The services provided to the citizens include checking the property guideline value, ascertaining the building value, marriage registration, death registration, and encumbrance certificate online using the TNREGINET platform.
Given below are the benefits of the TNREGINET portal -
The guideline value is the minimum value of a property located in a particular area listed by the Tamil Nadu State Government. You must know the guideline value to calculate the duties and fees that have to be paid by a property owner in Tamil Nadu.
Guideline value is the minimum property value at which it can be registered as per the State Government. If the property is sold at a higher value, then the registration is done at a higher value. Similarly, if the property is sold below the guideline value, then the registration has to be done at the minimum value.
The Tamil Nadu Guideline Value can be checked by following the below-mentioned steps -
Here are the steps to check jurisdiction for guideline value -
You can calculate the building value on TNREGINET through the below-mentioned steps -
| Document classification | Stamp Duty Charges | Registration fee |
|---|---|---|
| Purchase document | 7% of market value | 4% of market value |
| Donation document | 7% of market value | 4% of market value |
| Transaction | 7% of the maximum value of the property | 4% of the maximum value of the property |
| Compensation mortgage | 1% (for loan amount) maximum Rs. 40,000 | 1% (for loan amount) maximum Rs. 10,000 |
| Mortgage (Independent) | 4% (for loan amount) | 1% (for loan amount) up to a max. of Rs. 2,00,000 |
| Selling agreement | Rs.20 | 1% of the transaction amount in the case of an independent sale agreement. |
| Building contract agreement | 1% for the contract amount | 1% for the contract amount |
| Cancellation document | Rs. 50 | Rs. 50 |
| Documents of partition between family members | 1% of market value for each component (maximum Rs. 25,000) | 1% of market value per component (maximum Rs. 4,000) |
| Partition documents between individuals other than family members | 4% of the market value of the split component | 1% of the market value of the split component |
| Public authority document for sale of public power | Rs. 100 | Rs. 10,000 |
| Public authority document for sale of public power (per family member) | Rs. 100 | Rs. 1,000 |
| Public authority document for other than the sale of public power | Rs. 100 | Rs. 50 |
| Document of public authority (with transfer amount) | 4% per transaction | 1% of the transfer amount or Rs. 10,000 whichever is higher |
| Handing over title documents | Maximum Rs. 30,000 for 0.5% loan amount | Maximum Rs. 6,000 for 1% loan amount |
| Release deed between family members | 1% of market value (maximum Rs. 25,000) | 1% of market value (maximum Rs. 4,000) |
| Release deed amongst non-family members. | 7% of market value | 7% of market value |
| Leasing within 30 years | 1% for an additional lease amount | Maximum Rs. 20,000 for 1% lease amount |
| Leasing within 99 years | 4% for an additional lease amount | Maximum Rs. 20,000 for 1% lease amount |
| Leasing over 99 years | 7% for an additional lease amount | Maximum Rs. 20,000 for 1% lease amount |
| Document of trust (in the absence of immovable property) | Rs. 180 | 1% Corpus Fund |
The TNREGINET platform eliminates the difficulty associated with visiting the sub-registrar office for all small property-related tasks. Property owners and property buyers can find out the guideline value at the convenience of their homes. It also helps them arrive at the registration value easily.
ITR Filing for FY 2023-24 has begun. File your ITR ASAP to get faster tax refunds and ensure accurate filing with Tax2win’s tax experts. Hire an online CA now!
Here are the steps to check land EC value in Tamil Nadu -
Step 1. Go to the TNREGINET website.
Step 2. Log in using your credentials.
Step 3. Click 'Search EC' and select one of the two options:
Step 4. Click 'Search' to view the EC details.
You can check the Tamil Nadu land guideline value at the online portal of the Tamil Nadu registration department. The official website of Tamil Nadu registration portal is TNREGINET.
Stamp duty and registration charges in Tamil Nadu, the stamp duty rate is 7% of the property's market value. In addition, Tamil Nadu's land registration charges are 4% of the property's value. To register the property in the buyer's name, a registration charge must be paid to the government.
