The government has ordered that approval must be obtained from the metro and city corporations for the rule and regulations to give permission for constructions as per the existing rules and regulations.
Rental rates up in major cities
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It has been found that the increasing rental rates in major cities such as Chennai, Bengaluru, and Mumbai as caused a spurt in the cost of living for the citizens.
For the last 5 to 6 years, Chennai residential property market has been falling down is known. The latest information gathered was the Chennai residential property is now picking up.
The state government of Tamil Nadu has decided to offer some concession for the infrastructure/interiors charges for the regularizations of constructions which had violated the rules and regulations.
Several citizens aspire the dream of buying a plot and build a dream house as per their preferred layout and features. However, most persons have doubts whether it would be possible to get a loan.
The Head of the State Government Department of Property (and other) Registrations, Commissioner J. Kumarakurubaran has ordered that all registrars must scrutinize/check the applications.
The Head of the state government department of Registrations, Commissioner Kumaragurubaran, has informed that a new facility would be introduced from 17th December when the proper property registration.
The Tamil Nadu Chief Minister E. Palanisamy inaugurated a new facility to facilitate payments for property registrations by online or through debit/credit cards.
Reasons for not realising housing loans
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Housing loan is the most predominant requirement of all people who want to realise their dream ambition of having their own house. In todays price environment, it requires a few lakhs to buy a house.
The central government has planned to ban the construction of houses using bricks. The central government is of the view that the bricks used for the construction, manufactured from clay and red-sand is harmful.
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.
