New guideline value kicks in, 10% jump in Chennai
The New Indian Express|July 02, 2024
THE revised guideline value for properties came into effect across Tamil Nadu on Monday after the revision exercise was carried out as per due process, a release from the state's registration department said on Monday.
C SHIVAKUMAR

According to the Builders Association of India and Confederation of Real Estate Developers' Associations of India (CREDAI), the guideline value for properties has increased by more than 10% across Chennai. The Madras High Court had earlier quashed the Tamil Nadu government's upward revision of guideline value for properties, saying that the state government had failed to follow the due process.

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