Chennai Guideline Value 2023: Property Rates in Ambattur, Velachery & More

Ans: The Guideline Value plays a crucial role in property transactions as it serves as the basis for determining stamp duty, registration fees, and loan eligibility. By preventing undervaluation, it ensures fair and transparent dealings.

Ans: Several factors influence guideline values in Chennai, including the property's location, prevailing market trends, and the level of infrastructure development in the area. These elements collectively shape the valuation of properties and impact the guideline value set by the authorities.