Chennai's Guideline Values Raised Up to 10% by Government
Real Estate

Chennai's Guideline Values Raised Up to 10% by Government

The government has announced an increase in guideline values for land in the city and a few old corporations, effective July 1, reverting to values from March 2023 but with some areas seeing a slight increase. For instance, the guideline value per square foot on Alandur Road, which was Rs 5,500 until June 30, has been revised to Rs 6,100. In Okkiyam-Thuraipakkam, it rose from Rs 6,000/sq ft to Rs 6,600/sq ft, and in Abhiramapuram 3rd Street, it increased from Rs 16,000/sq ft to Rs 17,600/sq ft.

The revision affects 2.19 lakh streets and 40.46 million survey numbers and subdivision numbers. Values in core Chennai and old corporations like Coimbatore, Trichy, Salem, and Vellore have seen significant increases, while those in other areas remain unchanged.

According to some builders, this increase will lead to higher premium FSI charges, which will inevitably be passed on to buyers. The need for this revision arose after a court decision by justice P Velmurugan of Madras HC invalidated a March 2023 government circular that had increased guideline values by 33% in cities including Chennai, Coimbatore, and Madurai, citing procedural issues.

Officials from the registration department explained that sub-committees were formed for each district under the TN Stamp Rules of 2010 to revise guideline values. This process, initially implemented in 2012 and adjusted in 2017 with a 33% decrease in values, saw a reversal with the March 30, 2023 circular. Following the court order, sub-committees led by collectors drafted new guideline values. These drafts were published online and displayed at sub-registrar offices statewide for public feedback, resulting in approximately 1,000 responses, all of which were considered in the final draft.

A Mohamed Ali, president of Credai Chennai, acknowledged the thoroughness of the registration department's study this time around. However, builders expressed concerns over the sudden implementation of these changes, suggesting they preferred a phased approach. G Mohan, past president of Chennai Southern Builders Association, noted discrepancies in the application of revised values, particularly in areas like Alandur and Pallavaram, where registering documents became challenging. Registration department officials assured that these issues would be resolved promptly.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The government has announced an increase in guideline values for land in the city and a few old corporations, effective July 1, reverting to values from March 2023 but with some areas seeing a slight increase. For instance, the guideline value per square foot on Alandur Road, which was Rs 5,500 until June 30, has been revised to Rs 6,100. In Okkiyam-Thuraipakkam, it rose from Rs 6,000/sq ft to Rs 6,600/sq ft, and in Abhiramapuram 3rd Street, it increased from Rs 16,000/sq ft to Rs 17,600/sq ft. The revision affects 2.19 lakh streets and 40.46 million survey numbers and subdivision numbers. Values in core Chennai and old corporations like Coimbatore, Trichy, Salem, and Vellore have seen significant increases, while those in other areas remain unchanged. According to some builders, this increase will lead to higher premium FSI charges, which will inevitably be passed on to buyers. The need for this revision arose after a court decision by justice P Velmurugan of Madras HC invalidated a March 2023 government circular that had increased guideline values by 33% in cities including Chennai, Coimbatore, and Madurai, citing procedural issues. Officials from the registration department explained that sub-committees were formed for each district under the TN Stamp Rules of 2010 to revise guideline values. This process, initially implemented in 2012 and adjusted in 2017 with a 33% decrease in values, saw a reversal with the March 30, 2023 circular. Following the court order, sub-committees led by collectors drafted new guideline values. These drafts were published online and displayed at sub-registrar offices statewide for public feedback, resulting in approximately 1,000 responses, all of which were considered in the final draft. A Mohamed Ali, president of Credai Chennai, acknowledged the thoroughness of the registration department's study this time around. However, builders expressed concerns over the sudden implementation of these changes, suggesting they preferred a phased approach. G Mohan, past president of Chennai Southern Builders Association, noted discrepancies in the application of revised values, particularly in areas like Alandur and Pallavaram, where registering documents became challenging. Registration department officials assured that these issues would be resolved promptly.

Next Story
Infrastructure Urban

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Next Story
Infrastructure Energy

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Next Story
Infrastructure Urban

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?