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Real Estate Forum in Thiruvanmiyur, Chennai

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Thiruvanmiyur, Chennai

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Q: I want to have a well drafted MOU for the redevelopment of a JV arrangement with TNHB flat owners. We want to insist on criteria for selection of builder for the credentials including Audited balance sheets for the last three years with a minimum Business Turnover of 20 Crores , ISO 9001 certification , ITCC for the business entity , minimum of one JV with a TNHB flat owners in Chennai, Solvency certificate from a banker for the project value and completion of the project within the stipulated time frame with all the approvals
Latest Answer: I can understand your concern. I would like to suggest you to have a thorough discussion with 2 or more builder and action plan and rate description. Also, you can consult a reputed lawyer to know more about the legal aspects involved in this case.
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Q: I am one of the co owners of a 12 flats in a TNHB apartment . The building is pretty old and we are to reconstruct the property . Normally in TNHB allotment schedule of property the footprint of the flat shared with others alone is mentioned in the Sale Deed and not the overall size of the plot. Pl specify if Land patta is required for the same . Also let me know whether we can view the Chennai properties patta online in TN Govt website .
Latest Answer: Hello, I have bought 1 flat out of 11 construction in our building. Do we able to apply patta separately for my flat or Undivided share registration. Thanks
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Q: My id sridharanl@yahoo.com

Latest Answer: Hi Sridharani, you can mail your request at support@commonfloor.com
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Q: I am planning to buy a 20 year old apartment in Seaward Road, Valmiki Nagar, Tiruvanmiyur, Chennai. This is a 4 BHK 2600 Square Feet Dupleix penthouse apartment with an unregistered 350 sft open terrace garden with enjoyment rights. The seller is quoting Rs 9200 / sft for the 2600 sft. The apartment is located close to the beach but does not have a beach / sea view. The UDS (land area) is 1650 square feet.

The apartment complex is run down but the apartment on sale is in good condition with modest interiors. Prevailing prices for new apartments for similar type of apartments with better facilities are around Rs 12000 / sft.

I would like to seek opinion and feedback from experts on the following

1. Is Rs 9000 / sft a good rate to buy a spacious dupleix penthouse as described above in that locality
2. Would there be a market for 20+ year old apartments 5 yrs from now in that locality
3. What could be potential prices for an 20+ year old apartment, 5 years from now in Seaward Road, Tiruvanmiyur that is renovated but lacks the modern bells & whistles

Shall appreciate hearing back from experts on my queries

Latest Answer: Hope you got your apartment, please let me know if you have got the apartment, did you face any issue. According to me going for a resale is intelligent choice that too for a 20+ years should be the best choice. My brother had got a 24 yr old apartment recently in saidapet location in a pretty calm area similar to valmiki nagar it was around 7300Rs /sqft. Worth the money. I hope you can negotiate a bit. But it depends if it is an apartment or a independent house. Mine was an apartment. 3 things has to be kept in mind. The current land value of that area, owners documents, lending Bank. SBI should be the best one to choose, they do all the legal checks for past 30 years, if lucky u would get to have even 50 years of documents. Choose your seller wisely, judge if they dont have any discrepancies to sell it. its better to talk with them every week to understand their need and thinking. Hope you had a great deal and happy about what you got. Please let me know your exp if u really got it!
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Q: I am staying in an apartment in chennai. It is a newly constructed one. And here this tower is consist of 20 apartments total. We want to make owner's association. Most of the owners are giving rent here.
Latest Answer: Hi Mr Kumar, As per my knowledge, Flat owners association can be registered under Tamil Nadu Societies Registration Act, 1975. The number of people needed to form a flat owners association is 5. Before apartment ownership act 1994, the minimum number of owners needed to form the apartment owners association was 7.
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Q: I want to know the real land value in sembedu village near thamaraipakkam in chennai. Redhills to Periyapalayam road. Please guide me the land value
Latest Answer: Hi, What is the land value in tambaram Vengadamangalam, Naveen nagar - II. It is on kandigai and close to Ponmar. Land is nearby one newly built hostel and water purifying company. Please guide me the exact value
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Q: Hey I am planning to buy a 3bhk here. I want to know details about the pricing. Kindly let me know other basic details also.
Latest Answer: Which all banks have approvals for home loans in this project as I am planning to take home banks. How is the locality ??
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Q: Hi I am planning to buy 3bhk. Can you tell me which all units are available ?? How is the locality of the project ?
Latest Answer: Tiruvanmiyur is a serene and peaceful locality of Chennai. All major amenities like schools, colleges, hospitals, etc are nearby. Road connectivity is also good.
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Q: We are a small family of 3. I'm having to work in Chennai for few months.
Latest Answer: Hello, you can follow this link for your requirements 2 BHK Apartment for Rent at The Atrium OR Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile.
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Q: Hi, I am looking for a 2BHK rental (arnd 25k/mth). We are a small family of 3 (old parents and myself). If anybody is interested, please let me know .
Latest Answer: Hello, currently one 2bhk is available. You can follow this link for your requirements. 2 BHK Apartment for Rent at The Atrium for 38,000 per month OR Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile.
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