Welcome, Guest    
Login  Contact Us RSS Feeds
  Add Property                
Register Free to find a Perfect life partner In AnytimeMatrimony | Equated Monthly Installment(EMI) Calculator | Stamp Duty Calculator | Area Conversion Calculator | Know answer for your Taxation query | Ask Legal Advice @ Free of cost | Vaastu Tips
FAQ Sitemap
Newsletter Signup
Subscribe for our property news letter

News Search
Type a keyword to search.


Select a city to search property news.

News Archieves
September 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
September 2008
June 2008
February 2008
January 2008
December 2007
November 2007
External Links
 ICICI Home Loans
 LIC Housing
 HDFC Home Loans
 SBI Home Loans
 Axis Bank Home Loans
 Tamilnadu Govt Links
adProperty News

Values that indicate property rates
Source : The Hindu Published On : 2011-12-10 City : Erode

Values That Indicate Property Rates

The Registration Department is revising the guideline values across the State. In Coimbatore, the public can submit their suggestions and objections over the revised draft values till December 15.

The draft values are available onlineĀ  at the sub-registrar offices, and at all local bodies.

Guideline values, also known as property value register, indicate the value of a property in a specific locality. The Department uses the value as the base to register a document. The stamp duty and registration fees are collected according to the guideline value.

An official of the department in Coimbatore says, the value in the document can be higher. In the case of a document having a value lower than the guideline value, it is referred to the District Collector's office for value determination.

Revision of guideline values is taken up regularly. This year, the revision works started in June. The last revision was in 2007.

The official says that when the revision is taken up, the values are determined based on certain thumb rules from the Government, sales statistics, documents registered by the department, and the existing guideline value.

The officials of the department also visit each locality and find out the rates for different types of lands and buildings.

It is difficult to determine the exact market value for a property. The buildings and different types of lands are categorised and the guideline value is the indicative value for the property in a locality.

The District Collector of Coimbatore formed a special committee this year and the suggestions for revised draft values were studied by it before making the changes. In some localities, the revised values have been brought down. The objective is to ensure that the public are not hit by high guideline values, the official said.



More on Anytimeproperty
City Based Properties
Useful Tools Property News Search Property Calculators Others
© 2018 Any Time Property All Rights Reserved. Home | About Us | Advertise | Testimonials | Help & Support | Contact Us | Careers | FAQ | Feedback | Sitemap
Privacy Policy | Terms and Conditions Developed by Snick Technologies