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.
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.
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.
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.
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.
TN government revises FSI guidelines
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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.
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.
Falling under a scheme that will end on 3rd November, there are just 40 percent of unauthorized plots that are regularized. The penalty towards the same is waived off by the state government.
In order to clarify the prevailing confusions and misunderstanding on the existing procedure/system for Power Bond Registration, the state government department of registration has issued a new circular.
The Chief Minister of Tamil Nadu has announced that the area allotment index for houses in Chennai and other cities has been increased and this will be effective from today (Monday, 1st October).
The newly introduced token system for the registration of properties when the token number will be given only after entering the stamp paper code number, mainly in order to avoid fake tokens, has now been temporarily cancelled.
Most people build/construct. Do the interior designs as per their own preference without considering the others - especially, the senior citizens in the family.
The latest data compiled by urban development experts dealt with the drafting of the housing and habitat policy says 49 percent of families in the city resides on rental housing.
IIT Madras has come out with an innovative design in house construction - environment-friendly as well as lower construction cost! In fact, it is possible to construct a 500 sq ft house in Rs. 7 Lakhs.
A sum of Rs 300 crore is likely to mop up as the revision in property tax comes to effect tomorrow. From Wednesday, people ought to adapt to paying revised property tax.
The river sand is of huge demand in Tamil Nadu is well known. In the past the government had announced that the river sand would be imported from abroad to balance the demand and supply.
As the target set for the number of customers in the Prime Minister Awas Yojana (PMAY) scheme, the regulations have been relaxed and the citizens with plans to build their own houses.
At the Registrar or Sub-registrar office, the stamp duty and registration charges are to be paid. So, how do you pay the same and what is the procedure?
