Guideline Value for Chennai Properties
The Tamilnadu government has released the latest version of the guideline value for real estate in various cities across Tamilnadu. The Registration Department’s website provides the detailed information about the guideline value for each street in each locality. Each street is classified as Commercial / Residential area and then categorized according to its worth.
Usman Roadis currently Chennai's most expensive stretch, according to recently revised guideline values. The stretch between the T.Nagar bus stand and is valued at Rs. 11,500 per square feet. In other words, a ground here will cost Rs. 2.76 crore. Panagal Park
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This guideline value is only for the land. Actual price for real estate transactions could be much higher than the guideline values and a large amount of black money could be used in these transactions.