Tamil Nadu’s Revenue from Property Registrations Sees a Significant Increase with Revised Guideline Values

Tamil Nadu’s recent guideline value revision has led to a remarkable revenue boost for the state’s registration department. The revenue collection between April and October 2024 reached Rs 11,733 crore, a sharp increase from Rs 10,511 crore collected during the same period last year, adding Rs 1,222 crore more to the state’s coffers. These figures were shared during a review meeting chaired by Minister for Revenue and Registration, P. Moorthy.

During the meeting, Moorthy directed officials to enhance efficiency in processing applications and instructed that registered documents be returned to applicants promptly. To streamline services further, he emphasized speeding up online certificate and permit deliveries, aiming to make the registration process more user-friendly and transparent.

With Aippasi month typically driving higher registration activity, the department also announced a temporary increase in token allocations for November 14 and 15. Offices with one sub-registrar will now issue 150 tokens, while those with two sub-registrars will offer 300 tokens, providing greater access to services on these peak days.

The guideline value revision aligns with Tamil Nadu’s broader goal to enhance public service efficiency and boost revenue, positioning the state registration sector for sustainable growth in the coming years.