Category: Articles

  • FLOOR SPACE INDEX Chennai

    FLOOR SPACE INDEX Chennai

    The Tamil Nadu Government has notified the new Development and Building Rules, in 2019. It is applicable for the whole of Tamil Nadu. Its known as Tamilnadu Combined Development and Building Rules, 2019. These Rules categorises buildings as High Rise and Non High Rise buildings. Buildings with a height up to 18.30 meters are non-high-rise […]

  • UNDIVIDED SHARE OF LAND – UDS

    UNDIVIDED SHARE OF LAND – UDS

    Undivided Share of Land Undivided Share of Land or UDS is the concept of owning land by a group of people. No part belongs to any individual. This concept is behind the development and promotion of Apartments/Flats.In an Apartment complex, all the Apartment owners own the land. This includes Land underneath the building structure. It […]

  • GUIDELINE VALUES in TAMILNADU

    GUIDELINE VALUES in TAMILNADU

    GUIDELINE VALUE What’s Guideline Value? Guideline Value is the Value of a Property fixed by the Government. Property buyers can not register below the Guideline Value. But, there is no bar for registering the property at Market Value which may be above the Guideline Value. The primary purpose of fixing the Guideline Value is to […]

  • LAND MEASUREMENTS

    LAND MEASUREMENTS

    LAND MEASUREMENT UNITS ​Various terms denote the extent of an area of landed property. The common terms are Hectare, Acre, Cent, sq.meter, Ground etc.​ Always, it is better to have an idea of these terms to understand the offer of a seller. Because this will help calculate the value of land negotiated. This way one […]

  • THE ENCUMBRANCE CERTIFICATE

    THE ENCUMBRANCE CERTIFICATE

    The IMPORTANCE AND LIMITATIONS OF ENCUMBRANCE CERTIFICATE Encumbrance Certificate (EC) is a document issued by the Registration Department. It’s an important one in investigating the Flow of Title and in determining the status of the Title of the property The procedure to get an EC for a particular property is simple. An application shall be […]

  • BUILDER’S AGREEMENT

    BUILDER’S AGREEMENT

    BUILDER’S AGREEMENT Builders Agreement(BA) is the most important document covering all aspects of the transaction to buy an Apartment. So, it should be carefully studied before signing. A correctly worded BA will give no room for doubts. It will go a long way in a peaceful and happy enjoyment of the property in the future. The Approved Plan […]

  • THE LEGAL HEIR CERTIFICATE

    THE LEGAL HEIR CERTIFICATE

    [INSERT_ELEMENTOR id=”13131″] How to Establish the Legal Heirs of a Property Owner Importance of Legal Heirship Certificate Before proceeding to finalise a property deal, it’s essential to know who is all its Legal Heirs.Situations when the necessity for determining who the Legal Heirs are are:a)The present Owner would have bought this property from a Seller […]

  • IS CHENNAI SET FOR EXPANSION?

    IS CHENNAI SET FOR EXPANSION?

    [INSERT_ELEMENTOR id=”13131″] Following is a news item appeared in the TOI on 10th August, 2012. Investors may take the plunge and invest in places which may eventually fall in the expanded CMA. Look for low budget properties that may fetch you a good return in the short/medium term Chennai looks at the National Capital Region […]

  • JOINT DEVELOPMENT AGREEMENTS

    JOINT DEVELOPMENT AGREEMENTS

    Is Joint Development Agreement(JDA) beneficial to the Land Owners? Joint Development Agreement (JDA) is an Agreement entered into between the Promoter/Builder and a Landowner. It’s for putting up a Residential or Commercial Building Complex. The land can be a vacant one, or one with a building, or one with a building complex. And the Land Owner […]

  • THE SALE DEED

    THE SALE DEED

    The SALE DEED The Sale Deed is the most important document in transferring a property. It is essential that a Sale Deed is drafted very carefully and with utmost precision. An error in this Deed may even fail to transfer proper title to the property from the Seller to the Buyer. Only the UDS is […]