I am thinking to buy a new property
9 months ago
I am thinking to buy a new property which is 15 years old house , following are the details ,
Land area - 545 sqft
Buildup area - 1600 sqft
Patta available
15 years old , up to date property tax , house tax by the owner
They have 3 phase , bore and corporation water separately , all taxes are paid by the owner up to date .
But building is not approved one by DTCP / CMDA in Tamil Nadu due to the size owner saying . Can I buy this property and will there be any issues in future for me
A.Dear Client,
When the Building Plan of the constructed building is not approved by the competent Authority, Municipal Corporation, on that very standalone point of lacune, the property may not be recommended for any transaction. After the lapse of 15 years, neither Seller nor the Buyer will be able to get the building plan sanctioned/approved by the authority which may adversely affect other relevant documents like completion certificate, occupancy certificate, property tax implications, mutation etc. So, even if you are satisfied with the title of the property and its encumbrance status through court searching, it is suggested to consult with an Advocate or the officials of the Competent Authority before taking a final decision in the matter to avoid future consequences.
When the Building Plan of the constructed building is not approved by the competent Authority, Municipal Corporation, on that very standalone point of lacune, the property may not be recommended for any transaction. After the lapse of 15 years, neither Seller nor the Buyer will be able to get the building plan sanctioned/approved by the authority which may adversely affect other relevant documents like completion certificate, occupancy certificate, property tax implications, mutation etc. So, even if you are satisfied with the title of the property and its encumbrance status through court searching, it is suggested to consult with an Advocate or the officials of the Competent Authority before taking a final decision in the matter to avoid future consequences.
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A.Dear client,
The approval by CMDA is essential for buying any property.
In case there is no approval, then you can get the approval and then purchase the property.
The approval by CMDA is essential for buying any property.
In case there is no approval, then you can get the approval and then purchase the property.
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