Real Estate in Chennai
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Increase in stamp duty and registration fee by Tamil Nadu government
Sources from the Commercial Taxes and Registration department informs about a government order of increasing the stamp duty and registration fee on agreements related to deposit of title deeds by Rs 5,000 and Rs 1,000.
Posted On :16/Aug/2018 12:45:57 PM
Chennai Corporation: 25% concession for the newly merged areas
The Chennai Corporation has decided to offer a 25% concession in all properties including constructions with temporary roofs in the areas recently merged with the Chennai Metro City domain under its jurisdiction.
Posted On :13/Aug/2018 12:56:43 PM
CMDA relaxes rules & regulations for construction of multi-storeyed apartments
The Chennai Metropolitan Development Authority (CMDA) has relaxed the rules and regulations to permit construction of multi-storeyed apartments in the approved areas.
Posted On :12/Aug/2018 3:53:43 PM
Chennai holds 16 percent share in total SEZ office space
According to a report submitted by property consultant CBRE Chennai has sixteen percent share in the total composition of Special Economic Zone (SEZ) office space across the whole nation. SEZ office space occupies majority.
Posted On :07/Aug/2018 11:33:57 AM
Get EC in a jiffy online
There is going to be no need for seek the sub-registrar office for obtaining encumbrance certificate, as this will soon be available in just a few clicks online. Instead of the manual seal and sub-registrar signature.
Posted On :06/Aug/2018 6:14:23 PM
Is it beneficial to settle the housing loan earlier?
Though the interest rates have started going up, it is always best advisable to avail the tax benefit by taking the housing loan and paying EMI rather than closing it earlier.
Posted On :06/Aug/2018 3:56:29 PM
Chennai housing sales in upward trend
More than 1000 real estate developers attended the CREDAI 18th annual meeting convention held in Berlin. A report was published in the event mentioning the gradual positive progress of the housing sales in Chennai.
Posted On :04/Aug/2018 11:58:33 AM
CMDA and DTCP plot regularization scheme
Chennai Metropolitan Development Authority (CMDA) extended the plot regularization scheme by six months after the month of May, 2018 for receiving applications from the plot owners.
Posted On :04/Aug/2018 11:06:26 AM
Property Tax for the rented residences reduced to 50%
There was a recent revision in Property Taxes announced by the state government of Tamil Nadu. Strong protests and objections were raised on this upward revision on behalf of the political parties and others.
Posted On :26/Jul/2018 5:38:48 PM
A Market Survey finds home prices down by 4% in Chennai
In the period over the last 6 months, the prices of flats in the multi-storeyed apartments in the Chennai Metro City have come down by 4%.
Posted On :26/Jul/2018 11:55:08 AM
