The guidleline value is, which the government fixes a certain amount for the properties and the sale value [Market value] cannot be less than the guideline value,this is called as the guideline value in tamilnadu and in every state its known by different names. It is the minimum value of a land determined by the government to calculate stamp duty charges while buying and selling the property. It's varies from the one locality to other locality which is based on the criteria. The government fixes the guideline value through the SRO for the registration of property.
In all areas except the areas / villages in which the value of property located on the road is determined separately, the value of the land situated on the national highway or their bypass is 100 percent more than the fixed price for agricultural land. The value of land situated on the state road or their bypass will be 50 percent more than the value of agricultural land, 20 percent more than the value of agricultural land on the main district road or other district route.In areas whose prices have not been set or missed in the guide line, the District Registrar will submit the proposal of the District Appraisal Committee to the Inspector General of Registration for approval. Guidelines for these areas can be issued separately during the year.If there is an intention to have more than one rate in respect of a property, then the maximum rate among them will be accepted.
To find the guideline value of a particular place, just visit the official website of the registration department and type guideline value in the search bar of that website. note that every state has its own official government website which contains each and every detail of the state. then select the Zone --> Sub-registrar office --> Village name --> Area name. After filling these details, you can see details regarding the guideline value of that place.
TAMIL NADU is one of the popular states in the India, its lies in the southernmost part of the Indian sub-continent. the total land coverage in the state of Tamil Nadu is 1,30,058km2 which comes around a total of 50,216.sq.mi. and Tamil Nadu is ranked 6th in the state wise.
The following are the % of the lands which has been divided by the usages of the land:-
And the rest of the % is belonged to the government of Tamil Nadu.
Fair value of land in Kerala is the valuation set by the Kerala Government upon the District, Taluk, Village and RDO. It’s the calculation laid on facilities and transportation growth in that particular District or Taluk.
Guideline value is the minimum price below which a propertycan’t be registered in the state. Per square foot guidelines value for various kinds of lands and buildings is notified by the state government for all zones.
Karnataka guideline value is the value of the land as determined by its government, based on its own metrics of facilities in that locality.It has a minimum guideline value of Rs.101 per sqft to a maximum of Rs.1.50 Crores per sqft.