Essential rectifications, wherever required, were done depending on those suggestions. We had over 2500 objections of which close to 1300 were agreed after scrutiny,” the sources said.
The fear of big hike in tamilnadu guideline values had a sharp rise in the number of property transactions in registration offices in the last few months.
In the month of November, the state govt profited `715 crore from stamp duty & registration charges.
Within Chennai city, the guideline values were risen to two- to four-fold, and in the suburbs, about 5 – 6 times. According to the revised guidelines, Adyar gate club area will remain to be the expensive property 23,000 per sq ft in the city, after Mount road & Poes garden.