The Tamil Nadu Registration Department has initiated a statewide exercise to revise the classification of streets in the guideline value register. The move is aimed at reducing the gap between official guideline values and prevailing market prices, making property valuation more accurate and transparent. Under the new exercise, streets will be categorized into three groups based on the proportion of commercial electricity connections. This classification is expected to better reflect the actual nature of land use in different localities and improve the accuracy of property registration values. To complete the process, authorities will use electricity connection records, street maps, and property tax information to verify the classification of each street. The revised data will then be submitted for approval before being incorporated into the guideline value register. In addition to the street classification exercise, the government has also ordered a review of market values in villages and panchayat areas located near expanding urban regions. The review will consider multiple factors, including recent property transactions, prevailing market prices, field inspections, land acquisition values, and other relevant property records. The initiative is expected to bring greater transparency to the property registration system, ensure fairer guideline values, and help align official property valuations with current market conditions. However, officials have indicated that staff shortages could slow down the implementation process, even though the review is expected to be completed in the coming weeks. Once the verification process is completed, the revised recommendations will be incorporated into the guideline value register after the necessary approvals. The move is expected to benefit homebuyers, property owners, developers, and investors by creating a more reliable and updated property valuation system across Tamil Nadu.