Buying a property or plot involves the investment of a huge amount of money. Therefore, you should be very careful while choosing the property and analyze all the pros and cons related to it. Chennai is one of the metro cities of India and investing in any property there can cost you a fortune. Here are some of the essential things that you should consider before buying a property or plot in Chennai.
Floor Space Index (FSI) is the measurement of the total amount of area available for the construction of a building. FSI of the plot you are buying in Chennai should always be more. If it is less then you will be wasting your money by keeping the maximum portion of the plot vacant.
The government of Chennai has made it mandatory to own any plot or property in a legal manner. Therefore, you should be very careful that you are handed over the plot following all the laws.
Different areas in Chennai have different charges for availing various types of facilities. These charges include land tax, water tax, electricity charges, etc. So before you are investing in a property or plot in Chennai learn about the charges that you will have to pay every year.
The location of a plot is one of the primary factors that should be taken into consideration. It should have the basic necessities nearby like medical centers, schools, shops, etc. There should be electricity connection, proper roads, and good security in that area.
There are many plots in Chennai that come under the list of agricultural lands. Moreover, you must make sure that you are not investing in any land that is an agricultural one. If you do so then you will be subjected to severe penalty.
You should not be satisfied with the original copy of the agreement of the property. Make sure that you have the original sale deed with you as that is the legal confirmation of your ownership. Register the property on your name at the office of the sub-registrar to become the official owner of the property.
Real estate agents often bluff buyers by making false statements about the development of the locality of the plot. So you should check it out yourself for the utmost satisfaction. See whether you can locate all those things that have been told by the builder before investing in any property in Chennai.
Premier Housing & Property is one of the leading Real Estate companies of the country. They have been providing top-notch properties to a huge number of clients who are highly satisfied with their services. The company has got more than 10 CRM teams comprising of experts. They can provide you the exact type of plot or property you have been looking for. Hurry up and contact them for buying your dream property in Chennai.
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Premier Housing & Properties
No 11, NRD Tower, 3rd Floor,
Jawaharlal Nehru Road,
Ashok Nagar, Chennai - 600 083.
