Category: Articles
-
New GUIDELINE VALUES in TAMILNADU | Budget 2023
GUIDELINE VALUE தமிழ்நாடு அரசு பட்ஜட் 2023 அறிவிப்பு New Announcements on Property Guideline Values 2023 இதுவரை… Property Guidelines Value Now தமிழ் நாட்டில், நிலத்தின் வழிகாட்டி மதிப்பு கடந்த 2012 ஏப்.1-ம் தேதி பெருமளவிற்கு உயர்த்தப்பட்டது, அந்த உயர்வு கடும் அதிருப்தியையும் எதிர்ப்பையும் சந்தித்த பின்னணியில், 2017 ஜூன் 9-ம் தேதி முதல் இந்த வழிகாட்டு மதிப்பு ஒரே சீராக(flat rate) 33% குறைக்கப்பட்டது. அதே நேரத்தில், ஆவணங்களுக்கான பதிவுக் கட்டணம்(Registration…
-
SETBACK SPACES
Revised What are setback spaces? Set Back Spaces for Building Plan Approval means the open space around the building. It’s the space across the front, sides, or rear of a plot between the building and the street alignment or boundary. The height of a proposed building, the width of the plot, and abutting road width…
-
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 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…
-
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 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 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
[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?
[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
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…