Jayalalithaa was laid to rest on Tuesday near MG Memorial at Marina Beach. The feeling that “Amma” is no more is yet to sink in for the Tamil Nadu people who worshipped her. Now that she is not there anymore, the questions that arise are: what will happen to her 24,000 sqft bungalow Veda Nilayam, her wealth, who will be the legal heir? There is no news of Amma leaving a will. Real estate experts in the city estimate the property at Rs 90 crore. Will Jayalalithaa’s “soul-sister” Sasikala Natarajan stay in the bungalow or will her niece Deepa Jayakumar stake claim? If we go by history, Jaya’s mentor M G Ramachandran’s house in Ramapuram, Chennai remained mired in legal disputes decades after his death. Will history repeat itself now, too?
According to a Times of India report, after the funeral, Sasikalaa headed back by car to Veda Nilayam. MGR did leave behind a will, unlike Amma. Jayalalithaa and her mother Sandhya purchased the Poes Garden property in 1967 for Rs 1.32 lakh. Jaya’s nephew and niece could, if they want to, stake claim to a share of the Poes Garden property, originally acquired by their grandmother, legal experts say.
AIADMK supremo Jayalalithaa declared assets worth Rs 113.73 crore as on April 2015. This was Rs.3.40 crore less than what she had declared the previous year. To start with movable and immovable assets, according to the affidavit filed by her to contest from Radhakrishnan Nagar Assembly constituency, Jayalalithaa had total of Rs 113.73 crore as movable and immovable assets, of which movable assets were valued at Rs 41.63 crore and immovable properties valued Rs 72.09 crore. Jayalalithaa had Rs 41,000 cash in hand at that time, however, she also listed Rs 2.04 crore as liabilities and wrote agriculture in the profession-occupation column in the form. If Jayalalithaa’s investment in companies is to be considered, she said “various deposits and shares with companies have been seized by the police and with the custody of the court in case relating to Spl.C.C.No.208 of 2004 on the file of 36th Additional City Civil and Sessions Court, (Special Court) Bengaluru.” The reference is with regard to the disproportionate assets case against her.
If we count on her cars and vehicles, Jayalalithaa had two Toyoto Prado SUVs, together valued at Rs 40 lakh. The vehicles together worth Rs 42,25,000 which includes a Tempo Traveller, a Tempo Trax, a Mahindra Jeep, an Ambassador car of 1980 make, a Mahindra Bolero, a Swaraj Mazda Maxi, and a Contessa (1990 model).
On her gold jewellery account, the Tamil Nadu CM said the value of 21,280.300 grams could not be ascertained as it was with the Karnataka government treasury in connection with the disproportionate assets case, a ZEE report indicated. She had also mentioned that the assets case was pending in the Supreme Court. She has declared possession of 1,250 kg of silver articles valued at Rs 3,12,50,000.