Real Estate Info
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Press Release on Changes in Regularisation of Unapproved Plots and Layouts
The Tamilnadu Cabinet has brought about changes in the Rules for Regularisation of Unapproved Plots and Layouts, that may rev up the Real Estate Market. Given below is the Text of the Press Release dated 12th Oct 2017 Read UPDATE on the Regularisation Issue The Text of the Press Release issued by the Tamilnadu Government…
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Update on Regularisation of Unapproved Plots and Layouts-Online Receipt of Application for Regularisation Now Open for 6 months until Feb 29, 2024
One More Opportunity for Those Who Couldn’t Apply Earlier After a gap of more than 2 years, the Tamil Nadu Government has reopened the online portal for regularizing unauthorized layouts and plots. This one-time option is available for those who hold unapproved plots that were registered before October 21, 2016. The deadline to apply is…
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How to Verify the Authenticity of the Documents of a Plot/Land
A Layman’s Guide to Determine the Authenticity of Land Documents After months and sometimes years of search, buyers identify plots or lands that fit their need and budget. Even while the Buyer is happy with the property , it’s location and price, the authenticity of the Documents and Genuineness of the Seller are two issues…
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Builder Buyer Agreement: A Comprehensive Guide
Builder Buyer Agreement 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…
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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…
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The Legal Heir Certificate: Importance, Guidelines, and Process for Establishing Ownership of Inherited Property in Tamil Nadu
The Legal Heirship Certificate 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…
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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…
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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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LAND MEASUREMENT and UNITS
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…