The Property Tax has been increased by 50% to 100% throughout the state of Tamil Nadu - covering all areas administered by metro corporations, corporations or city administration.
The charges for appealing to the Real Estate Tribunal is fixed at Rs. 1000. The Real Estate Regulation Authority (RERA) was formed to prevent the maloperations in the sales of plots/flats/apartments.
Are You with the Right Mate?
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I have been married for three months. I don’t know how l lived through my marriage so long as I cannot stand my husband. I want to divorce him as he is not good looking and he also earns far less than I do.
Aadhar card is to be mandatory for property registrations in Tamil Nadu, as the state government makes it compulsory to provide the 12-digit unique id number for the same.
The charges quoted towards filing complaints with the TNRERA (Tamil Nadu Real Estate Regulatory Authority) is increased. As per what the Tuesday circular reads, for filing complaints with TNRERA.
The Inspector General of the state government Registration Department has released orders to implement the new procedures regarding the checking of the old related documents of an immovable asset during registration.
Whenever a registration of an immovable asset is being registered, the ownership of the applicant must be confirmed while issuing the letters pertaining to the authority, change of ownership, gift, settlement arrangement.
Rs. 2000 charges for layout change: RERA
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The applicants who desire to carry out some changes in the originally submitted layout plans to the Real Estate Regulatory Authority (RERA) need to pay charges of Rs. 2000.
Chennai Metropolitan Development Authority (CMDA) releases approved layout for the framework of unapproved plots in the Chennai Metropolitan Area. People with the unapproved plots can find the layout framework.
Registration system to enroll the ownership of properties will face new changes and an upgrade in verification process reported a government Official in the Registration Department.
Officials of the Housing and urban development department have been exploring the possibility to extend the deadline for applications for regularizing the unapproved plots/lands by another 6 months.
The latest update from the State government related to the real estate violations ordered the mandatory submission of Completion Certificate for the buildings raised in the areas under the DTCP - Directorate of town and country planning body in the state.
New Regulation for Property registration
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The Chairman of the Registration Department has come up with some circulars which will help avoid some prevailing confusions in certain procedures.
The Managing Director of the Department of Registration has ordered all the registrars that they must refrain from carrying out any field inspection/survey on an independent basis.
As per the announcement released by the Chairman of the (Property) Registration Department, considering the requirements of the public, commercial establishments, construction companies and the yearly closing of accounts.
According to recent reports by a property consultant, in the year 2017, Chennai residential real estate market has seen a massive hit last year. While new launches were 15,700 in 2016, the same was 72 percent lesser in 2017.
