How to find the Guideline Value for a Property in Chennai?

Q: Where can I address queries regarding Guideline Value in Chennai?

You can call on 18001025174 or write to helpdesk@tnreginet.net. The department is working from Monday to Friday 8 AM to 8 PM and on Saturdays from 10 AM to 5 PM, excluding government holidays.

Guideline value (GV) is the government-decided minimum value at which the property has to be registered in the official records. While it known as circle rate and ready reckoner rates in other states, the term GV is more common in Tamil Nadu and its capital Chennai included. In this article, we examine how to check the guideline value Chennai for properties in the city.

Table of Contents

How to find land guideline value in Chennai?

Across Tamil Nadu, the guideline value for 2.19 lakh streets and 4.46 billion field numbers / sub-division numbers are already available online.

Step 1: Go to the official website of the Registration Department, known as TNREGINET website.

Or, you may also try by clicking on the ‘Guide value’ tab.

Enter other details such as, street or survey number, choose the criteria and proceed. Hit ‘Search’ to see the street-wise details. Click on the one you are seeking information about.

Check out properties for sale in Chennai

Services available on the Tamil Nadu Registration website

View encumbrance certificate.
Calculate building value.
Create document abstract for draft deed, encumbrance certificate, or certified copy.
Track application status of encumbrance certificate.

Is information available on the Registration Department’s website updated?

Many home buyers may wish to register their properties on an auspicious days and this has led the Commercial Department to direct registrar offices to work during three national holidays, including Tamil New Year (Chithrai Mudhal Naal – April 14), Aadi Perukku (September 8) and Thai Poosam (January 18, 2022). The department may or may not collect an additional charge for registrations on these days.

Shelter charges and guideline value in Chennai

Recently, the Tamil Nadu government constituted a state shelter fund to rehabilitate the urban poor. New commercial, industrial, residential and institutional buildings across the state, with a floor space of over 3,000 sq metres, will be liable to pay shelter charges of between 1% and 3%, based on their guideline value per sq metre. The Tamil Nadu Town and Country Planning (Levy of Shelter Charges and State Shelter Fund) Rules, 2020, will be applicable to areas covered by the provisions of the Tamil Nadu Town and Country Planning Act, 1971.

Registration fee slashed

In a bid to encourage home buying and registrations, the registration and finance departments of Tamil Nadu are planning to slash the registration charges on joint venture (JV) projects, which form the bulk of residential and commercial developments being undertaken in the state, from 11% of the guideline value to only 2%. The idea is to encourage more JV projects to get registered, as these would add to the state’s revenue. The feasibility study for this is ongoing.

Check out property prices in Chennai

Guideline value in Chennai 2023

Locality	Guideline value (per sqft)	Guideline value (per sqm)
Ambattur (Pulhal) Redhalls Road	Rs 1474	Rs 15,875
Arul Nagar	Rs 1,005	Rs 10,825
Abirami Nagar	Rs 804	Rs 8,660
Ambedkar Street	Rs 670	Rs 7,220
Ananthalakshmi Nagar	Rs 871	Rs 9,380
Brother Teresa Street	Rs 670	Rs 7,220
Bharathidasan Nagar (10th Street to 18th Street)	Rs 670	Rs 7,220
Colony Street	Rs 737	Rs 7,940
Chandra Park Layout	Rs 1,206	Rs 12,885
DG Nagar	Rs 1,206	Rs 12,985
Gumber Street	Rs 737	Rs 7,940
Ehil Nagar	Rs 1,206	Rs 12,985
INTUC Nagar	Rs 804	Rs 8,860
Jasmin Nagar Extn	Rs 1,475	Rs 15,875
Kalaivani Nagar	Rs 804	Rs 8,660
Kamalammal Layout	Rs 1,206	Rs 12,985
Kamaraj Street	Rs 670	Rs 7,220
Lakshmi Nagar	Rs 2,100	Rs 22,605
MGM Street	Rs 670	Rs 7,220
Navganesh Nagar	Rs 1,474	Rs 15,875
Nehru Street	Rs 737	Rs 7,940
OVC Street	Rs 670	Rs 7,220
Raj Nagar	Rs 1,072	Rs 11,545
Senthil Nagar	Rs 804	Rs 8,660
Sivaprakasam Nagar	Rs 1,206	Rs 12,985
Sis Capetown	Rs 2,100	Rs 22,605
Thiruvalluvar Street	Rs 670	Rs 8,660
Thulukanathaman Nagar	Rs 1,474	Rs 15,875
Quarry Road	Rs 670	Rs 7,220

How to calculate guidance value in Chennai?

The guideline in Chennai is calculated based on the following formula:

Property value = Guideline value in Rs per sqm X built-up area in sqm

The guideline value is determined based on the property type and location. Find the property’s built-up area and calculate its current market value.

For example, the area of a property is 600 sqm and the guideline value in that locality is Rs 10,000 per sqm

Property value = Rs (10,000 x 600) = Rs 60 lakh

Guideline Value in Chennai: Latest updates

TN Registration Department fixes minimum guideline value in Chennai, Coimbatore

September 2023: The Tamil Nadu Registration Department recently fixed the minimum guideline value at Rs 1,000 per sqft for plots including residential and agricultural plots, in Coimbatore and Chennai Municipal Corporation. The square foot guideline value for housing plots for villages in Coimbatore, Kancheepuram, Tiruvallur, Chengalpattu, Madurai, Erode, Salem, Karur, Krishnagiri and Taruchi districts will be Rs 100. Agricultural lands in these areas will be priced at Rs 5 lakh per acre. The guideline value in villages of another district will be Rs 50 per sqft for housing plots and Rs 2 lakh per acre for agricultural lands.

FAQs

When was the Guideline Value in Chennai last revised?

Guidance Value for property in Chennai was last revised in 2017.

Where can I view the Encumbrance certificate?

You can visit the official website of the Registration Department. Go to E-services >Encumbrance Certificate > View EC and feed in the details.

Where can I address queries regarding Guideline Value in Chennai?

You can call on 18001025174 or write to [email protected]. The department is working from Monday to Friday 8 AM to 8 PM and on Saturdays from 10 AM to 5 PM, excluding government holidays.

Was this article useful?

😃 (3)
😐 (1)
😔 (0)

Harini Balasubramanian

Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.