Articles

  • Power of Attorney (POA) Rules for Land Deals in Tamilnadu

    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…

  • Market Value Guideline: Judgment &After | Update

    Market Value Guideline: Judgment &After | Update

    New Market Value Guidelines – Update The government has completed the revision of the Guideline Values for properties. The Division Bench of the Madras High Court has been informed, and the Draft Guideline Values are now published for public viewing and suggestions. Normally, a statutory period of 15 days is allowed for public objections. Once…

  • Introduction of Composite Value Registration in Tamil Nadu

    Introduction of Composite Value Registration in Tamil Nadu

    Composite Value Registration The Composite Value Registration system, introduced by the Tamil Nadu government effective from December 1, 2023, is a new approach to the registration of apartments and villa plots. This system ensures that the entire property, including both the land and the constructed area, is registered in a single document. According to the…

  • New GUIDELINE VALUES in TAMILNADU | Budget 2023 | Update

    New GUIDELINE VALUES in TAMILNADU | Budget 2023 | Update

    GUIDELINE VALUE தமிழ்நாடு அரசு பட்ஜட் 2023 அறிவிப்பு New Announcements on Property Guideline Values 2023 | Update The Madras High Court has Quashed the Circular dated 30.03.2023 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…

  • Understanding Floor Space Index (FSI) and Premium FSI in Tamil Nadu/Chennai: Regulations, Calculations, and Benefits

    Understanding Floor Space Index (FSI) and Premium FSI in Tamil Nadu/Chennai: Regulations, Calculations, and Benefits

    Floor Space Index 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. Floor Space Index (FSI) is a crucial factor in regulating construction activities in urban areas, governing the maximum permissible…

  • SETBACK SPACES: UNDERSTANDING THE NORMS FOR BUILDING PLAN APPROVAL IN TAMILNADU

    SETBACK SPACES: UNDERSTANDING THE NORMS FOR BUILDING PLAN APPROVAL IN TAMILNADU

    Setback Rules under Tamilnadu Combined Development and Building Rules Revised 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…

  • CARPET AREA, PLINTH AREA AND SUPER BUILT-UP AREA

    CARPET AREA, PLINTH AREA AND SUPER BUILT-UP AREA

    How the Saleable Area of an Apartment is Calculated A buyer of an apartment should understand the meanings of these terms: Carpet Area, Plinth Area, and Super Built-Up Area. There may not be any difficulty in understanding the meanings of Carpet  Area and Plinth Area. But it is the concept of Super Built-up area that is…

  • 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…

  • New Section 77A of the Registration Act

    New Section 77A of the Registration Act

    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, a fraudulent…

  • Property Sale Agreement: Key Aspects

    Property Sale Agreement: Key Aspects

    What is a Sale Agreement? 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…