Circular No. 25735/C1/2017, dated 8 June 2017
Circular No. 25735/C1/2017, dated 8 June 2017, issued by the Tamil Nadu Registration Department, reduces the market value guidelines across Tamil Nadu by 33% from 9 June 2017. It also raises the registration fee from 1% to 4% for conveyance, exchange, gift and settlement in favour of non-family members from the same date.
What the circular changes
Circular No. 25735/C1/2017, dated 8 June 2017, introduces revised market value guidelines for all village survey fields, streets and localities in the 50 registration districts of Tamil Nadu. From 9 June 2017, the revised value is 67% of the value shown on the Registration Department website on 8 June 2017.
The revised figures must be rounded as follows:
- Square metre values are rounded up to the next 5 rupees.
- Hectare values are rounded up to the next 500 rupees.
The reduced guideline applies to all types of documents presented for registration from 9 June 2017, subject to the rule concerning an existing agreement.
Registration fee increase
Circular No. 25735/C1/2017 raises the registration fee from 1% to 4% only for these four document types:
- Conveyance.
- Exchange.
- Gift.
- Settlement in favour of a person who is not a family member.
The higher registration fee applies from 9 June 2017. The source does not extend the increase to other document types.
Valuation of documents and property
Tamil Nadu registration officers must use the guideline value applicable on the date a document is presented. If the document shows a lower value, valuation proceedings must be based on the guideline in force on that filing date.
For documents presented on or after 9 June 2017:
- Earlier high values recorded for the same property must not automatically be used.
- Values fixed in older proceedings must not by themselves support action for undervaluation.
- Registration statistics or surrounding values from before 9 June 2017 must not be used to fix a higher value.
- Higher values arising after 9 June 2017 may be considered under the applicable departmental instructions.
For buildings, officers must not insist on the building value stated in an earlier document. A value based on the current Public Works Department schedule is sufficient.
Existing agreements and pending cases
An active agreement showing a value higher than the revised guideline must be treated as the market value. If that agreement has been cancelled, officers must not insist on its value, even where the parties remain the same.
Documents registered or presented on or before 8 June 2017 and still pending for valuation must be handled using the old guideline value. For registrations from 9 June 2017 to 13 June 2017, Sub-Registrars were permitted to collect stamp duty and registration fees in cash without a maximum limit.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does the 33% guideline value reduction apply throughout Tamil Nadu?
Yes. It applies from 9 June 2017 to all village survey fields, streets and localities within Tamil Nadu's 50 registration districts.
Is the 4% registration fee charged on every document?
No. The 4% registration fee applies only to conveyance, exchange, gift and settlement in favour of non-family members.
Can a Sub-Registrar use an earlier sale value to reject the revised guideline value?
An earlier high value for the property must not automatically be carried forward for documents presented on or after 9 June 2017. However, a higher value in an active agreement must be treated as the market value.
Which guideline applies to a document filed on or before 8 June 2017 but still pending valuation?
The old guideline value applies to documents registered or presented on or before 8 June 2017 that remain pending for valuation.
