Tamil Nadu: ECs to have landowners’ photos, copy of deed

In the last financial year, 25,73,478 documents were registered in 575 sub-registrar offices across the state, generating a revenue of Rs 11,000 crore.

 

 

CHENNAI: As part of its effort to cut down fraud in property transactions, the state government has decided to include photographs of landowners and a copy of the registered sale deeds along with copies of encumbrance certificates ( ECs ) that can be downloaded online from anywhere in the world.

 

The process, which will be part of the upgraded version of STAR 3.0 (Simplified and Transparent Administration of Registration) project to be introduced in a year, is aimed at eliminating ambiguity in property ownership.

In the last financial year, 25,73,478 documents were registered in 575 sub-registrar offices across the state, generating a revenue of Rs 11,000 crore.

Currently, ECs have details about the category of the sale deed, owners’ names, location, survey number and dimension of the property.

 

After the introduction of STAR 2.0, the practice of collecting pictures of transacting parties and pasting them on property documents has been done away with, and images are now captured by the registrar office computers and scanned automatically.

While all property transactions, including sale and mortgages, after 2009 were brought under the new protocol, the registration department is currently digitising all documents transacted in the last more than 100 years.

 

So far, about 35% of work pertaining to scanning of 50 crore pages recorded between 1865 and 2008 has been completed.

The STAR 3.0 protocol would be built on blockchain technology to store and transmit data in the form of blocks using high secured cryptographic principle.

Unlike the traditional computing systems that rely on centralised servers, a blockchain is a digital ledger that records transactions across many computers so that any involved record cannot be altered retroactively without altering all the subsequent blocks. This will make copying, hacking and tampering of data almost impossible.

“Tenders for STAR 3.0 will be floated soon,” a senior registration department official told TOI.

 

Source: https://realty.economictimes.indiatimes.com/

How much a house costs in Chennai?

  • Our compilation of property prices of prominent localities in Chennai cities and surrounding areas may help you compare and make an informed decision
  • Here are prices of some properties in price bands of below Rs50 lakh, Rs50-75 lakh, and above Rs75 lakh

 

Source: https://www.livemint.com/

Tamil Nadu eases permission procedures for construction of small houses

​The Tamil Nadu government issued an order to this effect, which was made public on Wednesday.

 

 

Chennai: Planning to construct a house within 1200 square feet built up area? You may need to just apply online seeking planning permission and commence constructions.

 

The Tamil Nadu government issued an order to this effect, which was made public on Wednesday.

 

The order of the municipal administration and water supply department dated August 21, 2019 said that the new exemption to ease the planning permission procedures for smaller constructions can be utilized for constructions that are carried out in an area within 2500 square feet with built up area under 1200 square feet.

 

While applications for planning permissions can be filed online, the existing process of physical inspection by officials from the respective local bodies at the construction site has been kept aside for such constructions.

 

Constructions will be allowed only on approved plots.

 

Source: https://realty.economictimes.indiatimes.com/

 

 

Uninterrupted water supply is the new selling point for Chennai realtors

The initiatives are being taken up to make these complexes water-sustainable with Chennai being prone to acute water crisis.

 

 

Chennai: More borewells, greywater recycling plants and rejuvenation of existing wells to guarantee uninterrupted supply of water have become selling points of upcoming small housing projects in the city.

The initiatives are being taken up to make these complexes water-sustainable with Chennai being prone to acute water crisis.

 

Greywater recycling plants are being introduced in projects with less than eight units in the southern suburbs. Former president of Flat Promoters Association, Chennai South, R T hamil Selvan, said developers handling such projects were attempting to set up the plants to ensure better water management.

 

“A few are installing greywater plants although it is expensive for small projects. It is meant to recycle wastewater from kitchens that can be used in toilet flushes,” he said.

 

Some developers are re-digging existing wells, making them deeper. T Josh, a developer who is building four luxurious apartments at Porur, said the summer shortage has brought to the fore the importance of wells.

 

We have deepened the well by an additional 10 feet while a sump with a capacity to hold 1,000 litres has been created for storing water from the borewell,”he said.

 

With acute water scarcity hitting the city twice in three years, homebuyers have put uninterrupted availability of water on a par with location, price and transportation facilities.

 

Several developers are giving prominence to water in their publicity material. On the ground, they are building bigger sumps that can store more water. Builders Association of India said developers have begun installing rainwater harvesting structures.

 

Besides these, small apartment complexes under construction will have more than one borewell to provide uninterrupted water to its occupants, said S Ramaprabhu, southern centre chairman of the builders association.

 

Source: https://realty.economictimes.indiatimes.com/

Chennai: Registration of land, apartments stuck along East Coast Road

In the case of ECR, the NHAI has already earmarked the area for road expansion and has issued notifications and newspaper advertisements too.

 

 

CHENNAI: Registration of land and apartment complexes abutting national highways in some parts of the state, especially along the East Coast Road (ECR) between Mamallapuram and Puducherry, is stuck owing to a new condition that sellers have to obtain a no-objection certificate (NOC) from the National Highways Authority of Inida (NHAI).

 

Though there is no written order from the inspector-general of registration in this regard so far, sub-registrars have been refusing to register properties unless the seller concerned produces a certificate from the NHAI.

 

The issue is linked to widening of the national highways in Tamil Nadu.

 

In the case of ECR, the NHAI has already earmarked the area for road expansion and has issued notifications and newspaper advertisements too.

 

But the land acquisition wing of the state government has not yet completed the process of revenue sub-division and provision of separate survey numbers for the land being acquired for the road expansion.

 

As a result, acting on the NHAI’s acquisition notification, the sub-registrar offices are not registering survey numbers whose land area starts from the road.

 

Unable to sell an apartment at Poonjeri, the flat-owner said: “The buyer called and informed me a few days ago that I have to obtain a NOC from the national highways department to register the sale deed. When I inquired with the NHAI, I was asked to contact the office of DRO, land acquisition. I fail to understand why the government should create such hurdles when these government agencies can easily identify whether my apartment is coming under acquisition for road expansion. In fact, our building has about 200 apartments and not even an inch of our building gets affected by the NHAI expansion. Only a portion of land in front of our building is being acquired, as per markings done by NHAI. Still, I am being forced to get a NOC from the national highways,” said the seller.

 

A revenue department official, when contacted by TOI, said: “We have almost completed the subdivision process. It is yet to be approved by the special DRO in charge of land acquisition. We are holding it just to be prepared if there is any last-minute change of alignment from NHAI”.

 

Source: https://realty.economictimes.indiatimes.com/

Top 10 Real Estate Hotspots in India

3. Ambattur, Chennai

 

 

Ambattur is a western suburb of Chennai surrounded by micro-markets like Oragadam in the north, Avadi on the west, Ayappakkam in the south, and Anna Nagar on the east. Ambattur is blessed with exceptional road linkages as NH-32, NH-48, NH-726, and SH-205 connect it to peripheral towns as well as to other parts of Chennai. Ambattur hosts renowned IT Parks including Prince Info Park, Ambit Park, Chennai Tech Park, and One Indiabulls Park along with largest small-scale industrial estates of Asia. With IT being a primary driver, support infrastructure like townships, residential development and retail have emerged in the adjoining areas.

 

Historically, price trends have appreciated post establishment of IT Parks, which led to the influx of IT population who chose to stay close to offices at affordable prices buoyed with exceptional infrastructure. Average properties prices in 2013 stood at Rs 3200/sq.ft. which have appreciated to Rs 4700/sq.ft. in 2018. Prospects such as affordable pricing, good social & physical infrastructure, employment opportunities, and dependable future growth make Ambattur one of the most ideal locality to invest in Chennai.

 

Source: https://www.quikr.com/homes