About 20 persons attended the public hearing The ongoing revision is being carried out for the first time since 2003
CHENNAI: Public participation marked a hearing conducted by a committee that is revising guideline value of land in the city. About 20 persons attended the hearing organised on Tuesday at the Chennai Collectorate to elicit views and suggestions.
The ongoing revision is being carried out for the first time since 2003 by the Revenue and Registration departments for the entire State.
The responses ranged from appeals to increase the existing guideline value in some areas to suggestions about pricing of property on different stretches of a road depending on its proximity to arterial roads.
Officials led by Collector R. Jaya, District Revenue Officer Gopal and Assistant Inspector-General (registration) K. Durairajan said they had fixed different rates based on data collected by a taluk-level team.
Ms. Jaya said all the responses would be considered before the tentative values were put on the registration department website (www.tn.reginet.net) by December 1.
"Later, the public can send their responses for the next 15 days," she told The Hindu .
The final rates, which would give a rough idea of the market value, will be decided by the central committee headed by the Inspector-General of the Registration department and local body representatives.
According to C.H. Gopinatha Rao of Institution of Valuers, though the public hearing was a "welcome step," authorities should make efforts to make more people aware of guideline values and their effect on land prices and property deals.