Tag: Tamil Nadu

IndustryLatest Stories

Builders’ Association of India requests clarity on Tamil Nadu JDA rules

Representative AI image Recently, a developer seeking to process a sale deed at the Mylapore sub-registrar office was instructed to register a joint development agreement (JDA) first—an initiative that has not yet been implemented in the state. Developers have expressed concerns that such discrepancies are resulting in property registration delays. The registration department is currently drafting guidelines for the JDA, which will outline the responsibilities of landowners and developers, including construction timelines. Presently, collaborations in Tamil Nadu between landowners and developers are primarily conducted via power of attorney (PoA). However, officials from numerous sub-registrar offices have been insisting on the…

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Builders in Tamil Nadu Can Register Sales of Properties Online

CHENNAI: The Tamil Nadu registration department will implement its ‘Anywhere registration facility’ for the first sale of plots and flats starting August 17. This system enables builders and developers to register documents digitally without visiting sub-registrar offices. The announcement was made by Commercial Taxes and Registration Minister T. Logesh Tamilselvan after a review meeting with heads of sub-registrar offices, district registrars, revenue officers, and other senior officials at the integrated commercial taxes complex in Nandanam. “This initiative aims to enhance the transparency, efficiency, and accessibility of registration services, while mitigating congestion at sub-registrar offices,” said Logesh Tamilselvan. Under the new…

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Tamil Nadu to set land survey guideline values by June-end

CHENNAI: Tamil Nadu’s Minister for Commercial Taxes and Registration, T Logesh Tamilselvan, has instructed officials to ensure that all land survey numbers in the state are assigned a market guideline value by the end of June. He also emphasized the need for quicker and more user-friendly registration services. The Minister issued these directives during the inaugural performance review meeting for senior officials at the 160-year-old district registrar’s office on Rajaji Salai, Chennai, on Tuesday. The meeting was attended by J. Kumaragurubaran, Secretary of Commercial Taxes, Registration, and Hindu Religious and Charitable Endowments, as well as Inspector General of Registration, G…

Latest StoriesResidential

Tamil Nadu RWA Calls for Statewide Property Tax Audit

CHENNAI: The Tamil Nadu Alliance of Resident Welfare Associations (TNARWA) has urged the state government to initiate an extensive and transparent audit of residential and commercial buildings. They assert that widespread property tax evasion and corrupt assessment practices have resulted in revenue losses amounting to hundreds of crores of rupees. The federation is calling for regular inspections of properties owned by MLAs, councillors, and other political figures. Additionally, they seek stringent action against both tax evaders and revenue officials who fail to conduct impartial assessments. “Given the state’s declining financial health and the difficulty in fulfilling various welfare commitments made…

Latest StoriesResidential

Rent Hike: Tamil Nadu Hostels & PGs Up 10% from May 5

CHENNAI: Students and working professionals residing in hostels and paying guest (PG) accommodations across Tamil Nadu may face a rent increase of about 10%. This hike is attributed to rising prices in commercial LPG cylinders and soaring cooking costs. The Tamil Nadu IT Hostel & PG Owners Welfare Association has announced that the new rental rates will be effective from May 5. Monthly rates for non-AC accommodations have been adjusted to 6,500-7,500 for four-sharing rooms, 7,000-8,000 for three-sharing, and 8,000-9,000 for two-sharing rooms. Operators noted that these are baseline rates and could fluctuate based on location and amenities. A. Seetharaman,…

Latest StoriesRegulatory

Madras HC Notifies Tamil Nadu on PIL for Hill Area Approvals

CHENNAI: An activist has approached the Madras High Court to contest a government order (GO) from the Tamil Nadu government. This order allows urban planning authorities to approve housing layouts in hilly areas and make land-use changes, sidestepping the essential clearance from the Hill Area Conservation Authority (HACA). The court admitted the plea on Wednesday, with the first bench comprising Chief Justice Sushrut Arvind Dharmadhikari and Justice G Arul Murugan directing the state government to respond within four weeks. According to the petitioner, S. Muralidharan, the HACA was established in 1990 to safeguard ecologically sensitive hill regions from the effects…

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Vedaanta Senior Living to invest ₹50 crore in Tamil Nadu project

NEW DELHI: Vedaanta Senior Living has partnered with Sameera Group to create the Vedaanta Ananta senior living project in Chengalpattu, Tamil Nadu. The project will be developed within the integrated township of Sameera Universe, with a total investment of ₹50 crore. Covering over four acres, the project will include 69 senior living villas, with prices starting at ₹50 lakh, plus applicable charges. Rahul Sabharwal, co-founder and director of the company, stated, “Tamil Nadu is a mature and high-potential market for organized senior living in India. Our goal is to cultivate environments where seniors can maintain independence, stay engaged, and age…

Latest StoriesResidential

Stamp Duty Relief for Homebuyers in Tamil Nadu

CHENNAI: Homebuyers in Tamil Nadu purchasing first-sale apartments and villas will benefit from new regulations allowing them to use stamp duty and registration fees previously paid on construction agreements (made before December 1, 2023) as a set-off against the composite value of land and buildings during sale deed registration. According to the new directive, buyers registering composite sale deeds for first sales of apartments, villas, or similar properties can deduct the fees paid on earlier construction agreements for the identical structure. This applies to sales registered from December 1, 2023, onward, provided the construction agreements were registered before November 30,…

Latest StoriesRera

RERA Boosts Property Deal Transparency: Tamil Nadu Chairman

MADURAI: Homebuyers often face challenges due to a lack of information when purchasing properties. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), buyers can now easily verify project details through the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). Speaking at an awareness program on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility in the real estate sector. He noted that RERA has revolutionized the home buying process in the state by establishing a safer…

Latest StoriesRera

RERA Boosts Transparency in Tamil Nadu Property Deals

MADURAI: Homebuyers often face challenges due to limited information during property purchases. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), they can now easily verify project details via the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). During an awareness program held on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility within the real estate sector. He noted that RERA has transformed the home-buying process in the state, establishing a secure and trustworthy investment atmosphere.…