Land Value In Chennai What Is The Guideline Value(Government Rate) For Land Of 1sqft In Chitalapakkam,Chennai?

What is the guideline value(Government rate) for land of 1sqft in chitalapakkam,Chennai? - land value in chennai

According to the information provided in the following article, it seems that these standards are established, are currently being reviewed and will be re-written, and are available for the challenge
The Finance Minister, K. Sankaranarayanan, announced the Assembly on Thursday that the government is a system for review and revision will establish the fair value of the state.

The minister was responding to a debate on the sticker of Kerala (Amendment), while the members are complaining about the differences between the determined fair value by the government recently. Mr. Sankaranarayanan said that the fair values are definitely now been announced.

This would be reviewed on the basis of complaints. He recalled that some countries had introduced the scheme, as values of up to 18 times available. He said the government will decide on the request for a lower stamp duty for the partition of the facts later.

The Minister said that the surcharge would be levied on stamp duty by the local government property values. Panchayats were not likely to suffer losses because theReducing the maximum penalty of five to two percent. If the result is a loss that would bring the issue to be discussed.

After the reply of the Minister, the Parliament passed the bill. The bill proposes to reduce the stamp duty on land transfers in areas of Rs Hall. 6 to 2 R. R 100, or partly in the fair value of assets or the amount or value of the consideration.

In the municipalities and municipal enterprises, the rate of Rs 3 and R 4, and for every Rs 100 or part thereof from the previous rate of eight percent. The surcharge levied by panchayats will be paid on these rates. The bill would replace an ordinance promulgated in December last year. "


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