Completion Certificate.

Q: What is a Completion Certificate? Why it is necessary for an apartment? Are builders liable to confirm this to Buyer? Which Builders in Chennai Dragging this?

Sridharan, Chennai

12th March 2012

Buying property in Chennai

real estate terms

completion certificate

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Replies (4)

Hi friends..Can you plz help me to get completion certificate in chennai for CMDA approved flat?
Please give me if there is any sample copy?
Thanks..

sasi,

7th February 2014

Comment

Hi friends.. one more important point associated with completion certificate is that the property tax for the property will come into effect from the date of completion of the building. To refer the date, the CC is required. Same way, power and water supply will be changed to domestic from non-domestic (as referred during construction phase) from the date of completion of the building.

Samrat,

19th June 2013

Comment

As Subramaniam has said, issuing of Completion Certificate shows that the owner has constructed the building as per the approved plan. Basically, it gives a kind of relief to buyer that his hard-earned money is not going to be wasted. Also if anybody has taken home loan for investing in the project, then the completion certificate will help in getting the payment of final installment of the housing loan and later on on ehas to start replaying for the loan.

Varun,

19th June 2013

Comment

Completion Certificate is evidence that the building is constructed as per the approved plan and laws of corporation. It is necessary because the certificate is a proof that the building had been constructed according to the plan which is approved by laws of corporation. In Chennai CMDA approve the building plan and layout plan. It is mandatory that the builder or owner must have completion certificate for building construction before selling the flats.

S Subramanium, Chennai

13th March 2012

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