- What are the common points customers need to follow before buying plots in Chennai?
Always check if the land is approved for sale and construction by CMDA (Chennai Metropolitan Development Authority) or DTCP. It is not advisable to buy unapproved plots due to lack of approval for water or electricity connection or even does not have permission for constructing a building.
Remember to procure a Patta, a legal document from the local Tahsildhar’s office which mentions the name of the actual owner along with the name of the district and village where the land is located.
- How to be a smart buyer while purchasing plots that are for sale in Chennai?
Measure the land: Before purchasing always ensure to check the dimensions of the land by getting it measured through a surveyor.
Check the FSI: Checking the FSI (Floor Space Index) is important as it helps to determine the extent of construction on that land.
Calculate the potential appreciation: Buying plots in Chennai is always a good investment. It is essential to do a proper research and invest money on a plot which will yield a good return in the future.
- What are the common mistakes to be avoided while buying a sale plot in Chennai?
Proper Ownership: While Government of Chennai has made it mandatory to own a land in a legal way, it is important to record the transfer of ownership of the land in a formal manner through proper documentations.
Non-Agricultural land: The buyers must ensure that the land is not an agricultural land as many plots in Chennai are listed under this category. Purchasing such lands can result in paying severe regularization charges.
Proper Sale Deed: The ownership to a land is complete only when the buyer possesses a legal sale deed which shows the registration of the property at the office of sub-registrar
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