real estate management
DESCRIPTION
A presentation with statutory rules for real estate in TamilnaduTRANSCRIPT
SANCTIONING AUTHORITIES – SANCTIONING PROCESS – STATUTORY RULES AND REGULATIONS - GUIDELINE VALUE – PROPERTY COST
ASSIGNMENT – I
REAL ESTATE MANAGEMENT
SUBMITTED BY N.KIRUTIHGA LAKSHMIREG. NO. 3484002M.ARCH II YEAR III SEMESTER
SANCTIONING AUTHORITIES (CHENNAI)• DEVELOPMENT CONTROL REGULATIONS (DCR) – Chennai Metropolitan
Development Authority (CMDA) enforces the Tamil Nadu Town & Country Planning Act,
1971 with rules called Development Control Regulations (DCR).
THE TAMIL NADU TOWN AND COUNTRY PLANNING ACT, 1971 - An Act to provide for planning the development and use of rural and
urban land in the State of Tamil Nadu and for purposes connected therewith.
• CHENNAI CITY BUILDING RULES, 1972 - Corporation of Chennai enforces Chennai City
Municipal Corporation Act, 1919 governed by rules called Chennai City Building Rules,
1972.
CHENNAI CITY MUNICIPAL CORPORATION ACT, 1919 - An Act to consolidate and amend the law relating to the Municipal affairs of
the City of Chennai.
SCRUTINY FEES (CHENNAI)Scrutiny Fee means a fee for scrutinizing the applications, collected from the applicant along
with the plan or revised plan or modified plan submitted by the applicant.
(i) (a)Plans submitted along with PP applications per sq.m. of floor area of the building
Rs.1.50
(b) Ist revised plan per sq.m. of floor area of the building Rs.0.75
(c) 2nd revised plan per sq.m. of floor area of the building Rs.0.40
(d) 3rd revised plan per sq.m. of floor area of the building Rs.0.20
(e) Subsequent revised plans Nil
(ii) Layouts/subdivisions, reconstitutions per sq.m. of land area Rs. 0.075
(iii) Re-classifications (lump sum) Rs.1500
STATUTORY RULES AND REGULATIONS
Sl.No Use Classification in Detailed Development Plan Use classification in DCR
1 Primary Residential Primary Residential
2 Mixed Residential Mixed Residential
3 Commercial Commercial
4 Light Industrial Industrial
5 General industrial Industrial
6 Special and Hazardous Industrial Special and Hazardous Industrial
7 Institutional Institutional
8 Open Space & Recreational Open Space & Recreational
9 Non-Urban Non-Urban
10 Agricultural Agricultural
11 -Nil- Urbanisable
All developments therein shall be regulated with reference to the Land Use classification indicated in the
Master Plan/Detailed Development Plan for that area and development regulations.
STATUTORY RULES AND REGULATIONS (LAYOUT AND SUB-DIVISION REGULATIONS)
The width of the streets/roads and passages in the layouts /subdivisions / amalgamations shall conform
to the minimum requirements given below:
STATUTORY RULES AND REGULATIONS (LAYOUT AND SUB-DIVISION REGULATIONS)
The width of the streets/roads and passages in the layouts /subdivisions / amalgamations shall conform
to the minimum requirements given below:
STATUTORY RULES AND REGULATIONS (LAYOUT AND SUB-DIVISION REGULATIONS)
The width of the streets/roads and passages in the layouts /subdivisions / amalgamations shall conform
to the minimum requirements given below:
STATUTORY RULES AND REGULATIONS (LAYOUT AND SUB-DIVISION REGULATIONS)
a) The space set apart for roads (except those which may remain private) and the 10%
area reserved for recreational purposes shall be transferred to the Authority or
Agency or the Local Body designated by the Authority free of cost through a registered
gift deed before the actual approval of the layout under the provisions of the T & CP Act.
b) The Authority reserves the right to reserve space for recessed bus stops as part of
the road space in the layouts exceeding 2 hectares, where found necessary on public
interest and this part of the road space also be transferred free of cost as stated in the
rule above.
STATUTORY RULES AND REGULATIONS (LAYOUT AND SUB-DIVISION REGULATIONS)
c) 10% of layout area (excluding roads), additionally, shall be reserved for "Public
Purpose" in those layouts, which are more than 10000 sq.m. in extent.
d) In cases where the extent of the residential layout exceeds 10000 sq.m. ( 1 hectare)
10% of layout area (excluding roads) shall be developed as EWS plot.
e) When the area of land proposed for subdivisions is 20 hectares or more the Authority
may reserve not more than 12% of the total area for industrial and commercial
purposes and the area so reserved shall be deemed to be zoned for that purpose under
the Master Plan.
GUIDELINE VALUE
Guideline Value for Land in Chennai is the value of the land as determined by the
Tamil Nadu Government, based on its own metrics of facilities and infrastructure growth
in that locality.
The Guideline Values are revised periodically to have them in sync with the Market Value.
Chennai has a minimum guideline value of Rs.40 per sqft to a maximum of Rs.23500 per
sqft.
GUIDELINE VALUEArea Max. Price/ Sq.ft. Min. Price/ Sq.ft
Velacherry 5000 1500
Pallikaranai 3500 750
Tambaram 7000 800
Pallavaram 10000 1500
T. Nagar 20000 4000
Mambalam 14000 4000
Adyar 14000 3000
Nesapakkam 6500 2000
Kodambakkam 10000 2000
Egmore 20000 2600
Porur 4500 2000
Perambur 6000 1500
Madampakkam 2500 1000
Medavakkam 4000 1000
Sholinganallur 3750 750
Mylapore 23500 3000
Saidapet 7500 2500
Thiruvottiyur 3500 1000
Kelambakkam 2500 800
Mudichur 2500 400
REGISTRATION CHARGES• Registration of Undivied share of land (UDS) – 7% stamp duty + 1% registration fees
of the guideline value of property.
• Registration of construction agreement - 1% stamp duty and 1% registration fee for
registration of 2% of cost of construction.