1. Understanding Guideline Value

• Definition: The guideline value is the minimum price set by the Tamil Nadu government for property registration in a specific area.
  
• Purpose: It ensures transparency in property transactions and prevents undervaluation.
  
• Calculation: Stamp duty and registration fees are based on this value, not the market price.
  
• Variability: Guideline values differ across localities, reflecting the development and demand in each area.
  
• Updates: The government periodically revises these values to align with market trends.
  

2. Current Guideline Values in Chennai

• Range: In Chennai, guideline values for commercial land vary significantly, from as low as ₹40 per sq.ft to as high as ₹23,500 per sq.ft, depending on the locality.
  
• High-Value Areas: Prime commercial zones like T. Nagar, Anna Nagar, and Adyar have higher guideline values due to their strategic locations and infrastructure.
  
• Recent Revisions: The last major revision was in July 2024, where guideline values were increased by 10% across various zones.
  
• Accessing Values: The official TNREGINET portal provides up-to-date guideline values for specific streets and survey numbers.
  
• Comparison with Market Rates: In many cases, the actual market value exceeds the guideline value, especially in rapidly developing areas.
  

3. Factors Influencing Market Value

• Location: Proximity to commercial hubs, transportation, and amenities increases land value.
  
• Infrastructure: Developments like metro stations, highways, and IT parks boost nearby land prices.
  
• Demand and Supply: High demand with limited supply in certain areas drives up prices.
  
• Zoning Regulations: Areas designated for commercial use often have higher land values.
  
• Future Developments: Upcoming projects and urban planning initiatives can significantly impact land worth
  

4. Importance of Guideline Value in Transactions

• Legal Compliance: Properties cannot be registered below the guideline value, ensuring fair taxation.
  
• Tax Implications: Stamp duty and registration fees are calculated based on the higher of the sale price or guideline value.
  
• Loan Approvals: Financial institutions consider guideline values during property evaluations for loan approvals.
  
• Investment Decisions: Understanding guideline values helps investors assess potential returns and risks.
  
• Dispute Resolution: In legal disputes, guideline values serve as a reference for property valuation
  

5. How to Check Guideline Value

• Online Portal: Visit to access guideline values.
  
• Search Criteria: Input details like zone, sub-registrar office, village, and street name or survey number.
  
• Detailed Information: The portal provides classification (residential/commercial), land type, and value per unit area.
  
• Mobile Access: Use the TNRD mobile app for on-the-go access to guideline values.
  
• Offline Method: Visit the local sub-registrar office to inquire about specific property guideline values