A month after publishing the draft guideline values for properties across Tamil Nadu, the Registration Department has now revised them. While most of the proposed values remain unchanged, for a few places it has been modified. The updated values have been uploaded on the department's website for another round of public comments http://www.tnreginet.net/DraftGuideline2011/gvaluemainpage2011.asp
Suggestions and objections will be received till the end of November. After reviewing the suggestions received, the final guideline values will be published. The entire process will be wrapped up by December 15.
On October 14, the existing guideline values were steeply raised, and the revised values were put up for public comments. Within Chennai city, guideline values were increased two to four fold and about five to six fold in the suburbs.
Following this, in Chennai alone, about 73 objections were filed by property owners from places such as Anna Nagar, Pallavaram and Kodambakkam. Objections from the other parts of the State covering 32 revenue districts were also received. Kovilpatti with more than 100 objections is among the places that has filed the maximum number of complaints.
Most of the objections pertain either to the increased value or to the reclassification of properties from agricultural to residential or other categories.
It is the policy of the government to rise the GL value. But what are the methods Adopted by the regn.dept to fix the fair market value. Can any one tell about the true market value of any property, It depends upon the mentality of the buyer and the seller.Is the regn.dept having enough staff to enquire in to the matter. These values are fixed in the rooms of the concerned SR's and the DR's and according to the commands of the high officials of the Regn.dept.So hearing public opinion is a humbug and no one listen to the request of the public. so it is not a guideline value it is a misguiding value.
increasing the guideline value of agricutural land is almost closing
ceremony for those who are eager to buy land to cultivate crops and etc
in a situation facing current problem this is very cruel for irrigation
department the government should consider were the places are full swing
of irrigation is going other wise we cant say that india stands on
agriculturist
the proposed increase in the guideline values is not reasonable. if the
guideline values goes on increasing , where is the end. the city cries
for want of good infrastructure, better commutation facilities in all
areas. the chennai city limit will be expanded further as per the new
govt. bus feeder facilities is yet to pick up. every body owns a car.
with lack of proper roads and better infrastructure commuting from one
place to another is a nightmare. let the govt think and act justifying
the peoples confidence for having elected them to power. thanks
Can anyone advise or guide me on the revised guideline value for a plot in besant nagar behin kalashetra..
thx in advance!
From which day the new guideline will come into effect? will it be
01/12/2012 ?
govt has to find out the areas where there is huge difference between the existing guideline value and market value and only in those areas it has to increase the guideline value. In many areas the prevailing guideline value and the market value are almost the same. Without any rational if govt increases the guideline value, it is only making the possible impossible to the middle class who wants to own their own home.
From which day the new guideline will come into effect? will it be 01/12/2012 ?
What is the revised Guideline Value for SUNGUVARCHATRAM, SRIPERUMBUDUR - Residential construction Plot on highway, near SaintGobain.
Still We have not getting the answer for new guideline value implimentation. Could you please some one tell the answer for this question.
proposed Increase in guideline value nearly ten times of present value (in force 4 years) too much. one time increase for one year is just & reasonable. Ten times increase in 4 years is unjust and cruel for reasonable comman public. Only fradulant earning persons can think of buying properties, it this proposal is confirmed. After that they have to live in prisons for land grab cases. Normal public must forget buying property and only dream in daytime for this. People welfare govt will not raise guideline value ten times in a span of 4 years. At present after a span of 4 years, two times in villages, four times in Towns and suburban areas and five times in metropolitan areas will be reasonable and just. Any increase more than this will be more cruel and the people who voted for different rule will curse themselves for electing such party.Seeing God in poorman's smile is motto of Anna, MGR. Jayalalitha must realise this and rule Tamilnadu as a mother to her child. Thanks.
Nobody whos upper middle or middle class people are not allowe to city life which is favour to previous city people only
From which date the new guideline value will come into effect in chennai?
our colony "anugraha colony" situated at 3rd avenue ashoknagar, has been classified as "residential- spcial" why? this consists of 54 flats of middle class people only. Most of the woners are aged above 70 years. All the flats are 35 years old and need to be redeveloped.If the guideline value is raised fromrs. 3080to rs.11000 which builder will come forward to redevelop our flats? We request you to kindly treat our colony ordinary residential colony and fix the guideline value @ rs. 5000/- like other colonies and help the senior residents who have only a small pension or interest income to go for redevelopment of their flatswith out much difficulty. I hope my request will be favourably cosidered and the gl value reduced to rs.5000/- per sq. ft.
govt has to find out the areas where there is huge difference between the existing guideline value and market value and only in those areas it has to increase the guideline value. in many areas the prevailing guideline value and the market value are almost the same. without any rational if govt increases the guideline value, it is only making the possible impossible to the middle class who wants to own their own home.
Does anyone got idea FROM which date this guideline value will come into effect? I need exact Date, b'coz i am purchasing a flat, and waiting for Home Loan [awaiting sanction letter from H.O., in two days].
If hiked on 1/12/11, Don't know how to rise the diff. of amount.
your increased some nungambakkam area rs.6000 per sqft and increased equally in some perambur areas rs. 6000 per sqft is not correct. and your revised rate is to high please consider.
As suggessted by our PM, Govts should bring down the stamp duty from 8% to 4%. Hope, that will cut down ppl registering at lower than actual price and black money transactions.
Can someone have any idea from which day the new guideline will come into effect? will it be after Dec 15 or from Dec 1 2011 or Jan 2012
Guideline value isreferred only during registerations. It has got nothing to do with rent. This guideline value revision will enhance the revenue for government and control the black money circulation.
@ Mr sundaragopal, Your comment does not make any sense, raising the guideline value is not increasing the land value. Its what the government thinks the land should actually worth. the current market values of the properties are many fold than the guideline values which results in a huge tax loss to the state government.
I hope the increase in guideline value would deter real estate agents from continuously buying and selling properties due to the increase in the tax that they have to pay, which will keep the land price from soaring to unrealistic propotions.
The increase the land value is not digetable, when the rate is hike based on that the rent will hiked by house owner, so kindly
dont hike the land value because the lower class people will suffer
a lot.
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