What do we need to see if we buy a new flat in chennai?

Buying a Home in Chennai

What do we need to see if we buy a new flat in Chennai?

When it comes to purchasing a new flat in Chennai, there are many aspects to consider other than just the price of the flat. As there are so many options it can be quite confusing in the real estate market of chennai. Let us look into what we need to see when we buy a new flat in chennai.

Location

First things first, let’s talk about location. It’s not always about the views of Marina Beach from the 10th floor. You should be ideally looking around for flats in Chennai that are close to essential facilities like schools, hospitals, public transport, and shopping complexes. And not to forget, always keep an eye out for upcoming residential projects in Chennai.

Builders Reputation

Next, look into the reputation of the builder. It’s very important to do a thorough check on the history and customer reviews of apartment builders in Chennai before signing on that dotted line.

Patta

Obtaining a Patta for your new flat in Chennai is a bottom-line essential. You have to ensure you get your patta to avoid former owners coming back and claiming their rights.

What questions should I ask while buying a new flat in Chennai?

Buying a new flat in Chennai is not that easy. You need to carefully look into various aspects to know before purchasing

Price Related

When considering the purchase of the flat, it’s essential to obtain a complete understanding of the total cost such as the registration fees, taxes, and any hidden charges, in order to avoid unexpected expenses. Furthermore, be aware of any additional expenses such as maintenance fees, association fees, or parking charges. Lastly, obtaining a breakdown of available loan options and their respective interest rates enables comparison for the selection of the most suitable financing option.

Amenities

When assessing amenities related to the property, it’s vital to inquire about the existing amenities and any future expansion plans, as it highly influences your lifestyle. . Ensuring 24/7 security and comprehending the security measures in place within the apartment is essential for safety. Familiarizing yourself with rules and guidelines for common amenities like the clubhouse, swimming pool, or gym can prevent conflicts. Knowledge about dedicated parking spaces and associated costs is especially important in a city like Chennai. Reliable power backup provisions are important for uninterrupted power supply, and inquiries about water supply and sewage facilities, as well as accessibility to nearby essential services and any pet policies, should not be overlooked.

If you are curious about learning more Buying an Flat, please take a moment to read this blog – ”How Much Should I Invest in Buying a Flat in Chennai?”.

What are the additional costs while purchasing a flat in Chennai?

Taxes

Additional costs like GST, TDS, and stamp duty can make your head spin faster than a fidget spinner. Ensure to calculate them in your budget.

Maintenance

Remember the jingle – “Every shiny new thing comes with fine prints?” Well, it’s not just a jingle, darling. The maintenance cost of your new flat can have you pulling at your hair.

How can you examine Vastu before buying a flat in Chennai?

If you believe in vastu as much as you believe in breathing, you better consider it while buying your dream flat.

– Do not take this lightly:

Ensuring that the flat’s entrance is located in the North, East or North-East can mean a world of difference in bringing prosperity.

Vastu for Kitchen and Bathrooms

Check if the kitchen is located in the South-East corner and bathrooms in North-West or West. They say it prevents mishaps. I won’t argue with that!

How can I acquire Patta for a flat in Chennai?

Getting Patta for your new flat in Chennai can be like running a marathon. Prepare to run!

Document Submission

You have to submit all documents proving your ownership to the Tahsildar office of the relevant taluk. You know how they say, “All’s well that ends well?” Well, this process might not end well if you aren’t careful.

Also Read: A Legal Guide to Flat Purchase Process – Key Steps & Tips

What documents are necessary in Chennai to purchase a flat?

This is as important as breathing, folks! I mean, you’d no sooner forget to breathe than forget to check the list of important documents when buying a flat.

Sales deed

This is the daddy of all documents. It’s like the one ring that ruled them all!

Building approval plan

Remember how when you play UNO, if you don’t have the required card, you’re toast? Well, if the building plan isn’t approved by the Chennai Metropolitan Development Authority, your dreams of a new flat might hit a roadblock.

Completion/Occupancy Certificate

Ensure that the builder hands over the Completion Certificate (CC) or Occupancy Certificate (OC). Trust me on this one, receiving a CC or OC from your builder is a lot more satisfying than receiving an acceptance letter from Hogwarts.

Buying a new flat in Chennai is like going on a grand adventure – full of mystery, intrigue, and lots of paperwork. But by keeping the above points in mind, you can ensure the journey is less “Lord of the Rings” trilogy and more a fluffy rom-com. Now, go forth and conquer the Chennai real estate market.

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