how to find market value of property in chennai

how to find market value of property in chennai插图

The steps to find the guideline value of the property includes:Open the Tamilnadu Registration Department online portalOn the left side of the portal,selection of the zone for which the guideline value needs,can be made. …Then,you are required to furnish the street name or part of the street name before clicking on search.The guideline value will then appear on the next screen.

How to find guideline value of a property in Chennai?

To find the Guideline Value of a property in Chennai, begin by going to the official website of the Tamilnadu Registration Department. Then, after logging in to the website, choose Chennai as the zone and click on the guideline value tab. Then enter the needed information, such as the street address or survey number.

What is the price of property in Madhavaram?

The starting price of properties Madhavaram, Chennai is around Rs. 1.80 lakhs while the average price is Rs. 54.39 lakhs. The value of luxurious properties in Chennai range Rs. 2.40 crore. Chennai is definitely an attraction for investors as it offers investors properties with better infrastructure and land rates. Need good investment assistance?

Which is the best place to buy a house in Chennai?

Some of the common locations in Chennai for the affordable property include Kadambattur, Chengalpattu, Teachers’ Colony and Thirukkazhukundram. Localities such as Injambakkam, Raja Annamalaipuram, Alwarpet, Anna Nagar, Nungambakkam, Kodambakkam, Kelambakkam, etc., are locations for high-end residential properties.

How to estimate property market value in Malaysia?

What you need next is the property built-up ( for condo/apartment) or land size ( for terrace house) of the property. 666 psf as the average price. If the property built up is 1500 sqft, so you want to multiply with the average price per square foot. 666 psf x 1500 sqft = RM999,000 as the estimate property market value.

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.

What is the shelter fund in Tamil Nadu?

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.

What is GV in Chennai?

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 …

What is the Tamil Nadu town and country planning law?

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.

What is the phone number for TNReginet?

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.

When was the guidance value for property in Chennai last revised?

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

How To Check The Market Value Of Property? ( FOR FREE)

Hey guys, my name is Melissa Lee, and I’m from MalaysiaHousingLoan.com.

Important Note

The technique of using brickz website to calculate the property market value is only an alternative way prior to getting the actual valuation from the bank or from the valuer company.

About the Author: Melissa Lee

Hi, I’m Melissa. The co-founder of the website, cum the editor. I want to thank you for checking out our article. If you’re looking to buy a new house, refinancing, applying for a home loan or looking to transfer your property, you are at the right place. We can help you.

How to find guideline value in Tamil Nadu?

To know the guideline value in various districts of Tamil Nadu, all you need to do is to go to the official website of the Registration Department. One of the tabs is ‘Guideline Value’. Feed in the details here. Note that content on the website is available in both Tamil and English. You can change the language as per your preference.

Why is the registration index important?

Those who try to avoid paying the registration charges can be tracked and therefore, this gets rid of corruption and scams with regard to land-related deals, to an extent. It is also a good index that helps buyers understand land value as to price their properties competitively.

How much was the registration fee cut in 2017?

At the same time, the registration fee was increased from 1% to 4%.

Why is stamp duty important?

It plays an important role, when it comes to the payment of stamp duty and registration charges and is a source of revenue. At the same time, it helps both, the authorities and buyers, to understand and detect undervaluation of properties. It keeps fraud in check.

How to view EC?

On the official website, click on the ‘E-Services’ tab and go to ‘View EC’. Input the details, either document-wise or plot/flat-wise and add details of the zone, district, EC start date, its end date, survey details, verification code and then click on submit, to view the encumbrance certificate.

Is Tamil Nadu cutting the registration fees?

The registration and finance departments of Tamil Nadu are planning to cut the registration charges of joint venture (JV) projects, which forms the bulk of residential and commercial development being undertaken in the state. From 11% of the guideline value, the new registration value may come down to only 2% of the guidelie value for JV projects. This will encourage more and more JV projects to get registered and it would add to the state’s revenue. The plan, however, is not final yet.

When was the guidance value for properties in Tamil Nadu last revised?

Guidance Value for properties in Tamil Nadu was last revised in 2017.

What is real estate consulting in Chennai?

You can consult them about your property’s market value before selling your property. The consultants can also offer you professional guidance if you’re not aware of the relevant rules in connection with property transactions. The company can also help you save money by providing you with helpful advice regarding issues such as stamp duty, property registration and other related concerns. By consulting the Real Estate Consulting Company, you can quickly understand the legal requirements related to real estate transactions in Chennai and save a lot of money.

What is document registration in Tamil Nadu?

Documents Registration in Tamil Nadu is a vital activity that is required by the government of Tamil Nadu. The process of registration consists of the recording of the details of any person’s land, property or…

Where can I find property guideline values in Chennai?

The guideline values in Chennai can easily be obtained through the official online portal of the government of Tamil Nadu. However, it’s crucial to assess the value, because property purchase is nearly impossible without the prevailing guideline values in Chennai.

Where to find guideline values in Tamilnadu?

The guideline values in Tamilnadu can easily be obtained through our Portal / the official online portal of the government of Tamil Nadu. However, it’s crucial to assess the value, because property purchase is nearly impossible without the prevailing guideline values in Chennai.

How to get a survey number in Chennai?

There are several ways to obtain the survey number required for purchasing property in Chennai, including: via the internet, via a real estate agent and via the county officer. When purchasing a residential property in Chennai, you must ensure that you contact the appropriate authorities such as the collector or the revenue department to determine the market value of your property. This is because the law specifies that a sale of residential property within the state requires that the valuation of the property is done using the latest survey number for each individual unit. For properties that are located in more than one municipality, the valuation using the most recent survey number will be used. If you’re not sure where you’re purchasing a property, you may also consult a realtor to find out the latest values.

Is there a legal opinion for documents registration in Tamil Nadu?

Legal opinion for documents registration in tamilnadu is the need of the hour, as there has been a significant growth in the number of cases dealing with land and real estate in Tamil Nadu.

Does Tamil Nadu change the name of the owner?

The state of Tamil Nadu has made it easier to avail property through the Name Change in Properties in Tamil Nadu. In this context, the name of the owner has not been changed and the land or real estate is marked with the newly purchased address…

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