10% cost of the plot should be sent along with the application & the confirmation order will be issued within a month for the date of application. On receipt of allotment, 15% cost of the plot will have to be paid within a month. 90% cost of the plot will also be accepted on receipt of allotment. If allotment is made on hire purchase basis the duration of repayment period is 5 years with 12% rate of interest. Lump sum payment is also accepted during installment period. Monthly installment can be paid by cheque also. Financial cost is fixed. Only in the case of extend of land excess over & above the allotment order, in that case only liable to pay extend land cost with interest. Timings to receive cash payment : 10 a.m to 2 p.m on working days 10 a.m to12 p.m on Saturdays Ambattur PhaseIII, Available Residential Plots Madhavaram,Kodungaiyur PhaseII, Kakkalur Ambattur PhaseIII ,Madhavaram and Kodungaiyur are allotted through the Mode Of Allotment daily sealed offer. Kakkalur alone is allotted through First come First Served method. Plots in which Kodungaiyur Phase I&II, Ambattur Commercial/School/College Phase I,II,III, Velachery, Madhavaram, etc are available Thirukatchur, and Sithalapakkam In the case, other than Residential those who have paid full amount and also submitted the local body approving plan, sale deed will be executed without Proceedings for Sale Deeds construction. For Residential plot , house constructed has to be made 1/4th of the plot extended as per the approved plan & also property tax receipt should be produced.
When and How to Start
Construction.
Income Tax Benefit
About Joint Purchase and
Name Transfer. For NRIs
In case of residential plots, within 18
months from the date of allotment and also only on receipt of the plan and No objection permit from TNHB & Local body construction has to be started. Those who have purchased ready built flat are eligible to claim income tax relate for interest paid during the financial year. Property can also be purchased in the joint name among the Husband and Wife. Only in case of death name transfer is allowed to their Legal Heirs. NRIs can also apply & payment can be made through NRI account.
Maduravoyal Flat Details
Basic Amenities
Car parking space, no water problem, 3
phase electricity, Drainage, road, lift etc are provided
Flat Details
Single bed room flat which extends from
530-600sqft
Loan Facility
Period of re-payment for flat purchase
is8-15 years with 15% rate of interest.Based on the Income eligibility necessary loan can be arranged at the lower rate of interest.
Application Form can also be sent by post, Demand Draft should be
drawn in favour of the below address for Rs.200 if inside India or Rs.300 if outside India. Executive Engineer, Special Dn,IV,TNHB, Anna Nagar East, Chennai-600102 If Central/State/Private people want to purchase a bulk Property Manager-Marketing & Service is there to cater you in your Residence or Office. Contact Person
Manager-Marketing & Service
Office Address
Special Dn.IV,T.N.H.B, Anna Nagar East,Chennai-600102
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