Property Registration based in Guideline value

I'll address your queries: Registration of Sale Deed: 1. *Guideline Value*: In Tamil Nadu, the sale deed is typically registered based on the guideline value prescribed by the state government. This value is usually lower than the actual sale consideration. Sale Agreement: 2. *Entire Sale Consideration*: The sale agreement, which is not registered, will reflect the entire sale consideration amount agreed upon by the buyer and seller. Disclosure to Income-Tax Department: 3. *Voluntary Disclosure*: The seller will voluntarily disclose the entire sale consideration amount to the Income-Tax department and pay necessary taxes on long-term capital gains or invest in another property as per the Income-Tax Act. TDS Deduction: 4. *TDS Calculation*: As per the Income-Tax Act, TDS at 1% can be deducted and remitted by the buyer based on the sale agreement value, which reflects the entire sale consideration. Loan Requirements: 5. *Higher Sale Amount*: If a buyer requires a loan, the sale deed can reflect a higher sale amount above the guideline value, depending on the loan requirement. However, this should be done with caution and in compliance with income-tax laws and regulations. Additional considerations: - *Stamp Duty*: Ensure that stamp duty is paid on the higher sale amount reflected in the sale deed. - *Income-Tax Implications*: The seller should consider the income-tax implications of disclosing the entire sale consideration amount and paying taxes accordingly. - *Compliance*: Ensure compliance with all applicable laws, including income-tax laws, stamp duty laws, and registration laws.