Real Estate in Chennai
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Restrictions imposed on the scanning of property registration bonds
The facility for online registration of property was commenced on 12th February. Since then, a number of changes have been carried out to streamline the process including the receipt of applications for registration of property.
Posted On :04/Dec/2018 11:56:30 AM
Provision to cancel Settlement bonds for property sale
The Department of property registration has ordered that there is a provision of cancellation of Settlement Bonds given during property sale in case the terms conditions stipulated in the bond are not followed or violated.
Posted On :01/Dec/2018 3:48:00 PM
50% penalty for those who failed to apply for the regularisation of unapproved plot purchases
The state government of Tamil Nadu has decided to impose a penalty of 50% of the due amount for those who have failed to apply for the regularisation of the purchase of unapproved plots.
Posted On :19/Nov/2018 5:58:01 PM
Unapproved plot regularisation - today the last day
The extension given for 5 days to apply online for regularization of the purchase of unapproved plots concludes today (Friday, 16th November).
Posted On :16/Nov/2018 4:47:04 PM
Last chance to regularise unapproved plots
As per the government concession, the last chance for a duration of 5 days from today (Monday, 12th November) for the redress of specification or violation of any rules and regulations of the Real Estate construction.
Posted On :12/Nov/2018 12:38:49 PM
Soon there would be more tall villages in Chennai due to relaxation in FSI norms
It is well known that the term FSI or Floor Space Index refers to the ratio of land area to build up area. This FSI and premium FSI norms would be relaxed soon was announced by the state government.
Posted On :09/Nov/2018 9:42:57 AM
In another 3 years, key micro markets like OMR would get 12 million sqft of office space
In the Chennai city places like pre toll OMR, Perungudi- Sholinganallur stretch on OMR, Mount- Poonamalle High Road etc are very important and these places have many commercial establishments.
Posted On :01/Nov/2018 9:56:56 AM
TN government revises FSI guidelines
A Government Order has been released to implement the announcement made by the Tamil Nadu Chief Minister to increase the Floor Space Index (FSI) from the present level of 1.5 to 2.0.
Posted On :30/Oct/2018 2:43:33 PM
A new facility to issue acceptance receipt during property registration
The Head of the Department of Registration, J. Kumarakurubaran, informed that a new facility to issue an acceptance/acknowledgement chit on receipt of the application for registration of property to the Revenue Department.
Posted On :29/Oct/2018 9:53:50 AM
A simpler procedure to assess property tax in Chennai
The Chennai Metro Corporation has introduced a new system which is simpler and easier to assess the Property Tax to be paid.
Posted On :24/Oct/2018 12:14:13 PM
