The resolution was approved during the council meeting on Friday, despite facing flak from councillors of various parties. Councillors of VCK, CPM and AIADMK staged a walkout in protest.
According to the TNULB rule 264 (2), the annual value of land, buildings, storage structures or telecommunication towers shall be annually increased by the simple average growth rate of the Gross State Domestic Product for the preceding five years or by 6%, whichever is higher, except for the years in which general revision is carried out.
This story is from the September 28, 2024 edition of The New Indian Express.
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This story is from the September 28, 2024 edition of The New Indian Express.
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