Steep increase in Chennai guideline values

Get ready to pay more for property registration. A very steep increase in guideline value is coming and this will only jack up the property rates.

Sample this,

Dr. RK Salai – From 19675 to Rs 27000
OMR -Tiruporur – 400 to 3000
Urapakkam -1000 to 4000
Guduvancheri 550 to 4000
Ashok Pillar road 3020 to 8500
Boat Club road 16500 to 20000
LB road 5000 to 11000
Velachery Bye Pass Road -100 feet 3854 to 7500
PT Rajan Salai Ashok Nagar -4800 to 10500

The guideline value in about 10 areas within the city such as Anna Nagar and Purasawalkam would not be increased since there was a revision in those areas only in January 2011

The proposed revised guideline value will be open for public comments and objections from October 14 at the respective sub-registrars’ offices.

2 Comments

  1. S Suryanarayanan

    The proposed increase is very steep and affects salaried people like me

  2. Jerry

    Now with this Steep increase property Price will also increase in Chennai..

    Suburban chennai will be the growth factor for residential properties as the cost will be well with in affordability, all other places mentioned in Chennai is going to be beyond reachable many of us — Greater Chennai develpment has begun!!

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