The Tamil Nadu government has announced that the guide values for land will be increased by 33 per cent and the registration fee will be reduced from 4 per cent to 2 per cent. The notification came into effect on April 1.
Sir – Doubts arise regarding amount, value and ownership of deeds filed in Registrar’s offices. Until these doubts are resolved, the bonds will be held in abeyance.
Similarly, debentures which have specified less value in the debenture and debentures which have been sent for superior examination are outstanding.
For those bonds, the registration department has directed not to ask for fees based on the increased guide value and to charge the old fees.
With the raised guideline values in effect, people are advised to take care not to face any problem. Accordingly, as on March 31, the Chief Registrars have been instructed to apply the old values to the outstanding bonds and bonds sent for investigation. So, general public should not get confused.
A Registration Department Officer