Tamil Nadu unveils updated property values for 3 lakh roads

05 Jan 2024 CW Team

In a significant move, Tamil Nadu has announced revised property values for over three lakh roads and streets. This comprehensive update, aimed at reflecting current market dynamics, is expected to impact property transactions and tax assessments across the state.

The revision in property values is a strategic response to the evolving real estate landscape, ensuring a fair and accurate representation of market prices. The move is anticipated to bring transparency and efficiency to property transactions, aligning them more closely with current market trends.

This initiative also addresses concerns related to property tax assessments, as the revised values will serve as a basis for calculating taxes. By incorporating the latest market data, the government aims to streamline the taxation process, ensuring that it accurately reflects the true worth of properties.

The widespread scope of this announcement, covering such a vast number of roads and streets, indicates the government's commitment to maintaining an updated and responsive approach to property valuation. It also emphasises the need for dynamic policies to keep pace with the changing real estate landscape in Tamil Nadu.

While these adjustments may impact property prices and taxes, the overall intent is to foster a fair and transparent real estate market that benefits both buyers and sellers. The move is poised to have a significant influence on property-related transactions and assessments, ushering in a new era of accuracy and fairness in Tamil Nadu's real estate sector.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..