Probably we can say that best time to buy property in Chennai is about to come as Chennai government is likely to cut the stamp duty by 1% along with the impending hike in guideline values for property registrations in the state.
This report has been confirmed by a reliable source working with the government and has confirmed that stamp duty is likely to be reduced from the present 6% to 5%.
The source further clarified that 2% surcharge which is collected for development of local bodies and 1% registration fee will continue to remain in force.
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