TN govt revises property registration charges
Real Estate

TN govt revises property registration charges

The Tamil Nadu government has recently revised the registration charges for the transfer of power of attorney to non-family members, which may result in increased costs for redeveloping and developing properties. Under the new revision, a fee of 1 per cent of the property's market value must be paid for registration, whereas previously, a flat rate of Rs 10,000 was applicable in such cases.

The revision affects 20 services provided by the state registration department under section 78 of the Registration Act 1908, and these include activities such as searching registers, making or granting copies of reasons, entries, or documents related to registration, and safe custody and return of documents.

A registration department official stated that the move aims to address issues related to power of attorney, particularly in cases of land grabbing. By increasing the registration charges, they hope to discourage such practices and promote legitimate property sales by landowners.

However, developers are concerned that the hike in registration fees for power of attorney may also impact customers. Sanjay Chugh, city head and director of Anarock Property Consultants, expressed that while it would generate additional revenue for the registration department, it could also impose an extra cost burden on projects planned for joint development or redevelopment.

Sridharan, chairman of Lyra Properties and national vice-president (south) of the Confederation of Real Estate Developers' Associations of India (CREDAI), criticised the steep hike and plans to represent the matter to the government, requesting them to reconsider. He pointed out that this increase in costs could cause hardships for end-users, such as home or plot buyers.

The state registration department has also increased charges for other services, such as private attendance by the sub-registrar at residences, receipt documents for mortgage, partition, family settlement, and release of documents.

An official from the registration department explained that the reasons behind the hikes include the fact that the rates remained unchanged for two decades and the need to boost the revenue of the registration department.

The Tamil Nadu government has recently revised the registration charges for the transfer of power of attorney to non-family members, which may result in increased costs for redeveloping and developing properties. Under the new revision, a fee of 1 per cent of the property's market value must be paid for registration, whereas previously, a flat rate of Rs 10,000 was applicable in such cases.The revision affects 20 services provided by the state registration department under section 78 of the Registration Act 1908, and these include activities such as searching registers, making or granting copies of reasons, entries, or documents related to registration, and safe custody and return of documents.A registration department official stated that the move aims to address issues related to power of attorney, particularly in cases of land grabbing. By increasing the registration charges, they hope to discourage such practices and promote legitimate property sales by landowners.However, developers are concerned that the hike in registration fees for power of attorney may also impact customers. Sanjay Chugh, city head and director of Anarock Property Consultants, expressed that while it would generate additional revenue for the registration department, it could also impose an extra cost burden on projects planned for joint development or redevelopment.Sridharan, chairman of Lyra Properties and national vice-president (south) of the Confederation of Real Estate Developers' Associations of India (CREDAI), criticised the steep hike and plans to represent the matter to the government, requesting them to reconsider. He pointed out that this increase in costs could cause hardships for end-users, such as home or plot buyers.The state registration department has also increased charges for other services, such as private attendance by the sub-registrar at residences, receipt documents for mortgage, partition, family settlement, and release of documents.An official from the registration department explained that the reasons behind the hikes include the fact that the rates remained unchanged for two decades and the need to boost the revenue of the registration department.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?