Guidance value Slashes for property registration
Tamil Nadu government cuts Guidance value for property registration. The Tamil Nadu govt had reportedly slashed the guideline value for the registration of sale deed of properties by 33 % on 9th June 2017. As per the source, the govt of India has been revised the rate to bridge the loss of the revenue which is due to the increase in the registration fee. The government had previously raised the registration fee for conveyance (sale), exchange and also gift to 4 % from 1 %.