properties in Chennai
The Chennai Corporation has tied up with Indian Overseas Bank, Canara Bank, ICICI Bank, IDBI Bank, HDFC bank, City Union Bank, Karur Vysya Bank and Axis Bank for collecting the property taxes in Chennai and other areas of the city. According to an authority of the Chennai Municipality, the property owners can use the net [...] Continue Reading »
Old Mahabalipuram Road is coming up as a new destination for rental apartments in Chennai. Last year the cost of House rents in Chennai were up by about 10-20 per cent. But this year as the supply of houses are exceeding demands, rental values are subdued on the outskirts. The demands for residential apartments in [...] Continue Reading »
As the cost of properties in Chennai are increasing and new apartments at affordable price ranges are difficult to secure within the city, resale market for existing properties is becoming hot in Chennai. The demands of resale of properties are increasing in prime location in the city. As new properties might not be coming up [...] Continue Reading »
The Chennai Metropolitan Development Authority (CMDA) has planned to develop a satellite commercial corridor along the proposed Outer Ring Road. It is a 62-km six lane state highway connecting Vandalur in the south with Minjur in the north. CMDA also planned to appoint a consultant to evaluate the commercial potential and suggest a road map [...] Continue Reading »
It is observed that the Chennai residential property prices have shot up by threefold in four years. Areas like Ashok Nagar, Anna Nagar and T Nagar have boosted the price increase. Started in 2007 the real estate market has grown slowly but steadily. The demand for residential units in Chennai is likely to see a [...] Continue Reading »
The Tamil Nadu Housing Board has announced to give buyers a final chance to pay their due payments for the property allotted to them. In a press release, the Housing Board had cancelled the allotment of land, apartments and individual houses to buyers who have not paid three monthly installments consecutively. The government has given [...] Continue Reading »
The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
Although Chennai is facing a shortage of 24000 homes in the budget homes segment, Real Estate experts from the city say that there has been a steady demand for budget and luxury properties in Chennai. If sources are to be believed, the properties in the bracket of Rs. 20 to 45 lakhs are the most [...] Continue Reading »
The real estate guidelines in Chennai state has been revised! The Tamil Nadu government has notified rates for registration of properties in Chennai city. According to the realty experts the Tamil Nadu government has overtaken by 10 to 45 percent. These fresh guidelines has been revised after a gap of five years according to prevailing [...] Continue Reading »
The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price. After five years the Chennai government has revised the Guidelines values last year. This value is used by the government to access the value of the property for collecting the service tax. Growing demand for housing [...] Continue Reading »
