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The Tamil Nadu government slashed the guideline value for property deed registrations based on recommendations by officials who studied models of other States, including Gujarat. “In Gujarat, the government increased the guideline value in 2011. But subsequently, it reduced the actual increase by 50%. Our officials visited Gujarat and other places before recommending a decrease … Continue reading TN property guideline value cut based on Gujarat example

Experts are optimistic that the real estate market would remain normal to positive, in the short-term and greater positive in the long-term, post the implementation of the GST. Here’s our analysis Now, that the GST rates for real estate have been declared, the question on everybody’s mind is how will this impact the sector. While … Continue reading GST impact on the realty sector: The short to long-term analysis

CHENNAI: In a significant move, the Edappadi K Palaniswamicabinet on Tuesday approved a regularisation scheme for unapproved plots which would help revive the real estate sector. The Madras high court had, in September last year, issued a blanket ban on registration and re-registration of plots on unapproved layouts. Approximately 13 lakh unapproved plots are spread … Continue reading Regularisation of unapproved plots gets nod