TN announces new property values for 3 lakh
Real Estate

TN announces new property values for 3 lakh

The Tamil Nadu government has fixed the composite value for property on more than three lakh roads and streets across the state. In Chennai alone, the composite value for close to 1.5 lakh streets and roads has been announced. The highest being 28,500 per sqft in and around the Boat Club area. Registration charges are a flat 7% of the composite value.

Now, you will pay 13 lakh as registration charges for a 1,000sqft flat on St Mary?s Road in Mylapore at 7% of the composite value, which has been fixed at 15,000 per sq ft. Earlier the registration charges were 8.5 lakh for the flat with an undivided share (UDS) value of 50 lakh and construction cost of 1 crore.

In North Chennai's Muthialpet - Thambu Street to Mooker Nallamuthu Street - the rate has been fixed as 16,500 per sqft. The composite value is the same for Bazullah Road in T Nagar. The value is lowest in suburban Tambaram, starting at Rs 3,800 and rising to around Rs 6,000.

The Tamil Nadu government has fixed the composite value for property on more than three lakh roads and streets across the state. In Chennai alone, the composite value for close to 1.5 lakh streets and roads has been announced. The highest being 28,500 per sqft in and around the Boat Club area. Registration charges are a flat 7% of the composite value. Now, you will pay 13 lakh as registration charges for a 1,000sqft flat on St Mary?s Road in Mylapore at 7% of the composite value, which has been fixed at 15,000 per sq ft. Earlier the registration charges were 8.5 lakh for the flat with an undivided share (UDS) value of 50 lakh and construction cost of 1 crore. In North Chennai's Muthialpet - Thambu Street to Mooker Nallamuthu Street - the rate has been fixed as 16,500 per sqft. The composite value is the same for Bazullah Road in T Nagar. The value is lowest in suburban Tambaram, starting at Rs 3,800 and rising to around Rs 6,000.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?