TN Assembly is supposed to meet on 14th June. Prior to the assembly meet, the Ministers meeting was held today. In the meeting, it was decided to decrease the guideline value of the land by 33%. In 2012, CM “
Jayalalithaa
” increased the guideline value. Meanwhile, the Madras High Court ordered a stay for providing Patta for the farmland. As the value was increased, the bond registration department had to face severe loss. The government has incurred a loss of Rs. 1500 Crore. To cover the losses, “
Edappadi K Palaniswami
” and his ministers decided to reduce the guideline value. The order will come to the effect from tomorrow.