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Home > Forum > Chennai > Real estate News > High property prices in Chennai.

High property prices in Chennai.

Q: Why the cost of the properties are higher in Chennai?

chennai
high property prices
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Replies (5)
1
Over the last 6 months there's a great increase in demand in Chennai. This has led to steady rise in apartment charges in the city and surrounding areas. Chennai has witnessed the fastest growth in Indian real estate.
sabhajit_rao


2
As far as I know even the service tax is collected based on these Guideline values... This shows that the owners are making huge profits while paying less taxes.
chinnapa


3
Last year the govt had revised Guideline values. But still the market rates are so higher than this value. Why is it so?
pankajeetrangarajan


4
The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price.
debendraiyer


5
As the demand for residential properties are increasing, the cost of properties are also increasing in the area.
sabhajit_rao


6

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