+
Tamil Nadu unveils updated property values for 3 lakh roads
ROADS & HIGHWAYS

Tamil Nadu unveils updated property values for 3 lakh roads

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.

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.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?