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Understanding Floor Space Index (FSI) and Premium FSI in Tamil Nadu/Chennai: Regulations, Calculations, and Benefits
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. Introduction Floor Space Index (FSI) is a crucial factor in regulating construction activities in urban areas, governing the maximum permissible construction area…
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SETBACK SPACES: UNDERSTANDING THE NORMS FOR BUILDING PLAN APPROVAL IN TAMILNADU
Revised Setback Rules under Tamilnadu Combined Development and Building Rules In Tamil Nadu, the implementation of the Tamil Nadu Combined Development and Building Rules, 2019 has consolidated various rules that were previously enforced by different authorities. These new rules are applicable throughout the state, except in cantonment areas. Under the new rules, the development regulations…
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Power of Attorney (POA) Rules for Land Deals in Tamilnadu
What is a Power of Attorney? A Power of Attorney (POA) is a legal document that grants designated individuals the authority to act on behalf of someone else in various matters. In the realm of real estate, POA holds immense significance, allowing individuals to appoint trusted agents to manage their property affairs. This article provides…
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Fraudulent Registrations: New Section 77A of the Registration Act Allows District Registrars to Cancel Fake Property Documents
Fake property documents Fake property documents are fabricated or altered papers that misrepresent the ownership and status of a property. Impersonation, forgery, alteration, and fraudulent representations are some of the tactics employed by those doing it. Fraudulent registration These fake documents may be used to sell properties that do not belong to the seller. In other words, fraudulent registration…
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Sale Agreement:Everything You Need to Know
Introduction A sale agreement in property matters is a legally binding document that outlines the terms and conditions of a property sale. It is signed by both the buyer and seller and typically includes information about the property details, the purchase price, the payment terms, and the closing date. Sale Agreement vs. Sale Deed It…
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Kilambakkam-Vandalur Bus Stand: A New Hub for Long-Distance Travel in Chennai
The Chennai Moffusil Bus Terminus (CMBT) at Koyambedu, inaugurated in 2002, holds the distinction of being one of the largest bus termini in Asia. However, the once-spacious 37-acre land is now struggling to accommodate the increasing number of buses, with around 2,100 buses, including 1,250 buses for the southern districts, operating 2,900 times a day.…
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The Legal Heir Certificate: Importance, Guidelines, and Process for Establishing Ownership of Inherited Property in Tamil Nadu
Introduction: Before finalizing a property deal, it is crucial to ensure the rightful ownership of the property by establishing the flow of title deeds. The Legal Heir Certificate plays a significant role in this process, confirming that the property has passed through successive owners and is now in the possession of the rightful heirs. This…
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Builder Buyer Agreement: A Comprehensive Guide
Introduction When purchasing a property, signing the builder buyer agreement (BBA) is the crucial first step. This agreement formalizes the buyer’s commitment to the property and establishes the terms and conditions of the transaction, ensuring legal protection and clarity for both parties involved. In this article, we will explore the significance of the BBA, its…
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Registration of Construction Agreements Made Compulsory in Tamilnadu.
COMPULSORY REGISTRATION OF CONSTRUCTION AGREEMENTS Undivided Shard of Land (UDS) will be registered only if the Registered Construction Agreement is produced. Rule comes into force on October 1, 2013. Registration of Construction Agreements between the builders and the buyers of new flats have been made compulsory in Tamilnadu,with effect from Oct 1,2013. The registration expenses…
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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…
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