It may be noted that Poes Garden, the house in the middle of the city built by Jayalalithaa before she entered into politics, is currently the residence of the new AIADMK General Secretary and Jayalalithaa's close aide V K Sasikala and her family. Sasikala has been living in the house for several years now, except for a short period when Jayalalithaa expelled her a few years back.
Jayalalithaa's residence, named as Veda Nilayam, is situated at Poes Garden, in Chennai, in an area of 24,000 sq ft, in which the built up area is around 21,562 sq ft, according to the affidavit she submitted with the Election Commission of India prior to the Legislative Assembly Election, in 2016.
The property was purchased in July, 1967 for Rs 1.32 lakh which has seen an investment of Rs 76.74 lakh by way of development and construction. The approximate market value of the property at the time of submitting the affidavit was Rs 43.96 crore, says the document. This was part of her assets, worth Rs 113.73 crore, at the time of filing the affidavit.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in