What is the guideline value(Government rate) for land of 1sqft in chitalapakkam,Chennai?

Question

What is the guideline value(Government rate) for land of 1sqft in chitalapakkam,Chennai?

Answer 1

According to information provided in the following article, it seems these regulations are not set, are being reviewed and rewritten, and are available to contest:

The Finance Minister, K. Sankaranarayanan, announced in the Assembly on Thursday that the Government would set up a system for reviewing and revising the fair value of land in the State.

The Minister was replying to a debate on the Kerala Stamp (Amendment) Bill during which members complained about the discrepancies in the fair values fixed by the Government recently. Mr. Sankaranarayanan said that the fair values announced now were not final.

They would be revised on the basis of complaints. He recalled that some States, which had introduced the system, had revised the values as many as 18 times. He said the Government would decide on the demand for lower stamp duties for partition deeds later.

The Minister clarified that the surcharge on stamp duty levied by local self-governments would be on the value of the property. Panchayats were not likely to incur any loss on account of the reduction of the maximum surcharge from five to two per cent. If it results in loss, the matter would be examined.

After the Minister's reply, the House passed the Bill. The Bill proposes reduction of the stamp duty on transfer of land in village areas from Rs. 6 to Rs. 2 for every Rs. 100 or part thereof of the fair value of the property or the amount or value of consideration.

In municipalities and municipal corporations, the rate will be Rs. 3 and Rs. 4 respectively for every Rs. 100 or part thereof against the previous rate of eight per cent. The surcharge levied by the panchayats would have to be paid over and above these rates. The Bill seeks to replace an Ordinance promulgated in December last year. "

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Answer 2

Dear Friend:  Please ascertain the details from the Registrar Office located in New Colony, Chromepet, Chennai-600 044 for the exact details.