Welcoming coast, culture, cuisine, & job opportunities, well who would say no to a home in such a location? Chennai is emerging as the most dynamic city with demand for real estate plots surging every year. To render a seamless experience to home buyers & investors, the plot developers in Chennai are offering a vast range of options in terms of sq. ft & prices for the real estate plots. However, any major investment will call for a series of documentation, legalities, approvals, & permissions that need to be navigated prudently. This blog will help you understand the evolving real estate regulations for a hassle-free purchase experience.
Key list of approvals & verifications when you buy plots in Chennai
The designs & options for the plots for sale in Chennai are overwhelming. So, due diligence becomes imperative to ensure every key document & approval is in place. Some of the reputed plot developers in Chennai ensure you acquire not just a plot, but a valuable asset, without any legal disputes & encumbrances.
Verification of land title: The foremost & the most important step is to verify the plot/land title. The sellers/plot developers in Chennai dealing with quick-selling real estate plots in Chennai must ensure transparency when transferring ownership. You will have to verify the history of land ownership & title, review the EC, title details & ensure the property/plot is free of unpaid loans/legal cases.
Verified ownership documents (patta, chitta, and adangal): Patta is one of the key land ownership documents which must be verified & transferred to your name when you buy plots in Chennai. The Chitta and Adangal are revenue documents for land classification & cultivation status, which are important to establish details about the land use.
Related: How do you manage hidden costs when you buy plots in Chennai?
Why buy our plots?
- Located at the most-developing locations in Chennai
- Few minutes from the IT hubs, schools, hospitals, malls.
- Proximity to Chennai highways & city connecting roads.
- Potential for high value appreciation.
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NOC from government authorities: When you buy plots in Chennai obtaining a No Objection Certificate (NOC) from the concerned local authorities is important. Authorities like the CMC (for within city real estate plots) & local Panchayat/revenue office (for land outside the city), will verify that the plot is devoid of any legal disputes & issue NOC.
If it is agricultural land, an NOC from the Revenue Department & CMDA is needed before converting it into a residential or commercial property. This ensures that the plot is aligned with the city’s master plan & zoning laws.
Stamp duty & registration fees: Stamp duty in Chennai for urban areas is 7% and 4% for rural areas, with 1% of registration charges of the property’s market value. Paying stamp duty & registering the sale deed after the legal issues & approvals are cleared for the plots for sale in Chennai. When you buy plots in Chennai, once these are paid the official transfer of ownership from seller to buyer happens.
Survey plan & infrastructure approvals: A survey of the plot helps in verifying the dimensions & boundaries. Further, the plot developers in Chennai or the plot owners must apply for approvals for water, sewage, electricity connections, & anything related to infrastructure. When you buy plots in Chennai, these approvals & surveys will help avoid disputes related to boundaries & ensure that proper road access is available according to the master plan.
Concluding thoughts: When you plan to buy plots in Chennai, carefully list out the necessary documents to be verified & contingency expenses. Seeking the guidance of legal experts & local authorities will ensure the process is hassle-free & avoid any legal disputes. With the right guidance, your plot investment in real estate plots in Chennai can prove to be a rewarding one.
Elephantine Enterprises celebrated as one of the most reputed plot developers in Chennai, with over 12 years of industry experience & expertise, not just sell plots, but help you design, build, & find your dream home. Visit the company website to learn about its successful ongoing projects & secure your plot at the best rates.
