Guidance value for Chennai Real Estate Market

Q: Hi can anyone discussed what exactly the guidance value works and how it is use full residential real estate market?

Komathi, Chennai

2nd April 2015

Investment Advice in Chennai

guidance value

chennai real estate

chennai real estate investment

Follow Discussion

Also see discussions for

Chennai Investment Advice Investment Advice in Chennai

Replies (5)

One of the Indian metro city Bangalore just of late saw a surge in direction esteem on property by as much as 100% in certain territories. Prior to the usage of the same, property buyers hurried to get their property enlisted as after that they would need to shell out essentially higher sums as stamp obligation and enlistment expenses.

Javed, Chennai

8th April 2015

Comment

from where we get the information of guidance value?

Shyam Sundar, Chennai

6th April 2015

Comment

Hi Shyam , guidance value is the state level real estate value . so you can get entire information from local authority. I am sharing link for you concerned: http://www.tnreginet.net/guideline_value.asp

Priya Sharma, Chennai

6th April 2015

The changes in the guidance value on a property in any particular city that are implemented on a periodic basis dampen the property development sector with the increase in property prices. Also, property purchasers now have to dole out a considerably larger amount for stamp paper and registration. So, consequently property price sees an upside with the increase in guidance value. The upward revision of guidance value more often witnesses decline in property registration by large number owing to the increase in property prices. To the government, it means higher revenue from stamp duty and registration.

Murali Krishnan, Chennai

6th April 2015

Comment

The current guidance value of the property can get from the local Sub-register office or any one can search values from online through concerned website. As per my knowledge Guidance worth is just the base cost for enlistment and not the cost at which the property would be sold or business sector esteem.

VKumar, Chennai

2nd April 2015

Comment

what is the impact of periodic changes in guidance value?

VKumar, Chennai

2nd April 2015

Hi,
Guidance value is the minimum price below which the property, generally a residential property, cannot be registered.

VKumar, Chennai

2nd April 2015

Comment

Recommended on the premise of the territory any change in direction quality builds or brings down the relating property costs. Stamp obligation is paid @ 5% of the enlistment worth while enrollment expense adds up to 1% of enlistment quality. Furthermore, as the genuine resource is an acknowledging resource shots of direction worth being let down are uncommon. Further as the direction esteem can't be changed regularly the benchmark set preclude any vagueness.

Santosh TR,

2nd April 2015