How to locate a property in Madurai, Trichy, Coimbatore and Chennai, Tamil nadu?

If the village is identified, records of the Revenue Department pertaining to the village can be searched. These records could be in the nature of Patta, Chitta, Adangal extract, extract from Settlement “A” Register, etc. The search has to be conducted for a number of years to date back to a little more than the time that you or your predecessors-in-interest first owned the property. The holdings against the names of these persons have to be checked. It is quite possible that such persons had large holdings. All the same, information on such holdings has to be gathered to deduce a basic inference.

If you are able to have better information like Survey Number or the address, then you may be able to apply for Encumbrance Certificate. Encumbrance Certificate will typically cover the period in which the transaction may have happened. Often, information regarding boundaries of the property may be required. One has to gather these data patiently. If a street name is known, it will be helpful. If a neighbour’s name can be remembered, even this may provide a clue. Practically, any bit of record, fact, detail or paper may help.

If, after applying for Encumbrance Certificates and obtaining the same, certain transactions are disclosed in the nature of entries relating to the Survey Number or property, certified copies of such documents can be applied for and obtained. These documents may be helpful, even though, the document by itself may not be relevant or related to the property.

for innum konjam

How to get EC for land, house property? What are the extra costs involved in buying a property

Encumberance Certificate costs in the range of Rs.450 to Rs.2000.
Rs.450 is split as Rs.250 (Actual), Rs.100 for Bribe and Rs.100 for speedy process.
This can be done for 30 years.

Also, depends on different Registrar offices and different centres.
For example, Trichy KK Nagar - 15 years Office. It is better to check in other Registrar offices, if you want to thoroughly check about the property - to make it clean.

For Legal (lawyer fees), usually it is Rs.2000.

Some of the other costs are -

Stamp paper - 8% of Guideline value.
Registration - 1% of the Guideline value.
Rs.500 per lakh in guideline value for Registrar.
Rs.1500 to to Rs.2000 for Documentation Writer.
Kalaipani for any building Rs.5000.
Brokerage 1% to 2%

First step to buying a property in your city - Madurai Trichy Coimbatore Chennai Tamil Nadu

The first step to buying a property say a House, Apartment, Land, Commercial property in your city is finding an agent who can help you.

We might think as a buyer, we can find it via internet and then go and do it ourselves. Before anything else, first of all the buyer has to decide or have a wish of buying a property and once all the monetary calculations are done that if the purchase if feasible or not.

Once the decision is made that the purchase can be done, it is advisable to contact an agent. Today, Real Estate market in Tamil Nadu is a very unprofessional environment. The agent or a broker or a mediator talks to you nicely, but mostly when it comes to deals, they try to make a favourable deal for somebody else or try to sell off problematic plots etc., Having said that, there are very good mediators who can help you genuinely. Identify them appropriately and proceed with your buying process.

In order to choose a mediator, see if they are professional and being frank, if they are properly educated, and see if they are doing what they are saying. If they are keep on changing their words, they cannot be trusted in your very serious buying process.

OruAcre.com is a professional Real Estate company, which works for you and helps in your buying process in your city - say it is Madurai, Trichy, Coimbatore and Chennai.

Call 9789757930(Madurai) or 9994262942 (Coimbatore) or 9600658053(Chennai) or 7667601947(Trichy) or email oruacre@gmail.com to get help for buying your property.

Invest in (Real Estate and others) Madurai, Potential of Madurai - Humble Conference, Seminar and Webinar in Madurai

About: Invest (Real Estate and others) in Madurai, Potential of Madurai - Humble Conference, Seminar and Webinar in Madurai

Date: December 10th 2011
Time: Evening at 5 PM -7:45 PM
Venue: A/C Hall booked in Bypass road. Opposite PRC Bus depot.

Registration: FREE!! Just give a call!! Only limited seats available. So, RUSH and register by contacting the below number or email.

Webinar: (for people who are remote and want to attend) Connection details will be provided soon.

Who should attend:
Anybody from Madurai, in Madurai, also people settled outside Madurai (Bangalore, Hyderabad, Chennai, Delhi, Mumbai, USA, UK, Australia, Singapore, Malaysia, Dubai, UAE etc.,), wants to invest in Madurai, looking for advice in Real Estate investment, NRI services and most importantly understand Potential of Madurai.

Anybody interested to invest in Madurai can attend.

Agenda:
1) Potential and Opportunities of Madurai
2) Return of Investment in Madurai
3) How to start a company in Madurai
4) Investment in Real Estate - Detailing on Specific Real Estate Projects. You can get to know the layout and pricing details of various real estate projects in Madurai. - Promoted by OruAcre.com
5) NRI services in Madurai.
6) Difference of living in Madurai and living in abroad - Coming back to Madurai.
7) Invest in Madurai
8) Last benefit is networking between all the people present.

Contact:
If you want to attend this meeting in person or want to dial into the conference, please let us know via madurai247@gmail.com or call +91-9629557866

Sponsored by:
Real Estate Investment Partner: OruAcre.com
Media Partner: Madurai247.com
Non-Profit Partner: New Madurai Foundation
Software Partner: Customer Satisfied Technologies
Marketing Partner: Maayaa Marketing Services
Location Sponsor: Sun Driving School, Madurai

Is it a good time to invest in Real Estate in Madurai Lands, Madurai Houses, Madurai Apartments and Trichy, Coimbatore Lands, Houses and Apartments

Is it a good time to invest in Real Estate in Madurai Lands, Madurai Houses, Madurai Apartments and Trichy, Coimbatore Lands, Houses and Apartments? Is it a good time to invest in Gold? Like this, always every middle class and NRIs are thinking in their mind?

What do I do with my hard earned Rs.3 Lakhs, Rs.5 Lakhs etc.,? There are the usual questions for every NRI and every middle class person with some savings in their bank account.

It is never a bad time for investing in Real Estate. However, it is good to invest when they are low in prices or when we anticipate the increase in prices of Real Estate.

Given the Real Estate Prices in Chennai, it is all saturated. But, given the price situation of Madurai, Coimbatore and Trichy, there is lot of potential for appreciation. Already, lot of price increases has happenned and if you are ready now, it is not too late.

In US, for every state there are more than one important city. Like that India does not have it yet. But, while I say that, other cities (other than the capital city) is getting ready for becoming the next cities to Capital city. In the case of tamil nadu, Madurai, Trichy and Coimbatore are next in line to Chennai for coming up and that will be a big thing.

There is a very high potential for second tier cities in Tamil Nadu and that is going to happen. If you want land, house or apartment in Madurai, Trichy, Coimbatore and Chennai, please contact
OruAcre.com.

Sponsored by OruAcre.com

Madurai - 9789757930; Trichy 7667601947, Coimbatore 9994262942 and Chennai 9600658053.

Sana Property Services - OruAcre.com - NRI Services - Tamil Nadu Coimbatore Trichy Madurai Chennai

As a part of Sana Property Services, a division of our parent company Sagana Enterprises Private Limited, we can help every NRI for the real estate needs in Tamil Nadu - Trichy, Madurai, Coimbatore and Chennai.

If in case an NRI wants to invest or buy a plot or house or apartment or commercial complex or agricultural land, then we can help there also via OruAcre.com.

Sana Property Services will help you from the requirements stage of choosing which area to buy the land to the point when you actually buy the property you wish to buy. In other hand, if you are an NRI and you have a property in Tamil Nadu to sell, we can help you. We can get you the customers and have site visits arranged with the help of our Marketing executives for the potential customer and help you make the deal for you. We will just need your presence in the beginning and in the end of the sale. Even if there is a local contact from your side, that is more than enough.

I have been an NRI myself and I know the pain of having a property and trying to sell that property and at the same time as a buyer to buy a property in Tamil Nadu.

Give us the chance and we can do similar Real Estate Services for any NRI for Tamil Nadu region.

Please give us a call at 9994262942 or email your requirements at OruAcre@gmail.com.

Thank you

Real estate brokerage commission charges - in Madurai, Chennai, Trichy, Coimbatore, Tamil Nadu and in india

SCHEDULE OF RATES OF COMMISSION The Estate Agent Association of India has fixed the following uniform SCHEDULE of Rates of Commission for its members, payable by their clients on different types of transactions handled by them. SALE / PURCHASE Where any immovable property is transferred or agreed to be transferred by way of purchase from builder or in Resale or whether by way of admitting as a member or by way of transfer of shares in Co-operative Society or Company or other Association of persons or by way of any agreement or arrangement or in any other manner whatsoever commission at the following rates on the total consideration amount (inclusive of Loan amount) and/or deferred payment, if any, shall be paid as under : a. Where a member acts for both the Buyer and Seller, Commission at the rate of 2 % each shall be paid by both the Buyer and Seller. b. Where a member acts only for the Buyer or the Seller commission at the rate of 2 % shall be paid by the party for whom the member acts. c. Where there are more than two member involved in the deal, the Buyer and Seller shall pay 2% each, which will be shared amongst the member involved in the deal as per their mutually agreed terms. The above commission at the aforesaid rates shall, unless otherwise agreed to be paid as under: The commission shall be paid to the member at the time of execution of an Agreement or Deed of Transfer or Agreement for sale or on the completion of the transaction i.e in case of an Agreement for sale on the full purchase prices being paid or Possession of the said property, whichever is earlier LEASE OR LEAVE AND LICENSE a. Commission equivalent to two months compensation/rent/license fee, shall be due and payable by the License/Lessee to the member on premises secured on the leave and license basis for first period of eleven months Thereafter additional amount equivalent to one months compensation / rent shall become due and payable to the members from the Lessee / Licenses as commission for every additional renewal period of 11 months or part thereof as the case may be. b. Similarly Lessor/Licensor shall pay brokerage equivalent to one month rent / compensation / license fee. Thereafter additional amount equivalent to half months compensation / rent shall become due and payable to the member from the Lessor/Licensor for every additional period of 11 to 12 months or part thereof as the case may be. All the commission shall become payable to the member by the Purchaser/Seller/Licensee/Owner, as the case may be at the time of the execution of the agreement and / or at the time of handing over or taking over the possession of the accommodation / premises whichever is earlier. Commission/Brokerage/Agency Fee/Service Charges/Terminal charges under any name paid to the member for services rendered SHALL NOT BE REFUNDABLE UNDER ANY CIRCUMSTANCES SERVICE TAX Section 116 of the Finance (No. 2) Act 1998 provides for levy of Service Tax on the services rendered by Real Estate Agents and Real Estate Consultants, vide Notification No. 53/98-ST yo 58/98-ST dated 7th October 1998, this has come into effect from 16th October 1998. Currently the Rate of Service Tax on Realty Services is 10% and there is an education Cess of 2% on the Service Tax paid. The Client has to pay a Total of 10.2% as Service Tax on the Brokerage paid by them to the Realtors. This Rate is applicable as on 11th February 2006 and can be revised by the Government from time to time.

Real estate Property Builders and Developers from India in Doha property show

A two-day exhibition featuring 45 property developers from major cities of India will be held at Regency Halls on Friday and Saturday, at the initiative of The Times of India Group and Mindspace Events, a events management company.
The exhibition, The Times Realty India 2011, is being held in Doha for the second year running.

“We received excellent response last year and we hope this year too it receives a similar response,” said M I Sait, CMD of Mindspace Events and Exhibitions.
Sait said they were considering to organise the show in Dubai as well as in Doha in October again. “At Dubai alone, developers vended properties worth more than Rs20bn last year; this year they are expecting higher volume in both Doha and Dubai,” he said.

Sait said the show is a opportunity to bring some of the top builders and developers at platform for “our regular clients in India and outside.”

“Our aim is to bring builders and service providers from the Indian property industry face to face with customers who are planning to buy properties in back home,” he added.

Properties starting at QR100,000 to QR4mn would be on offer at the exhibition which also features a separate Kerala pavilion.

“The decision to bring all Kerala property developers on one platform was taken owing to the enormous interest shown by Keralites living in this region to the show last year,” he said.

Nine developers from Kerala are exhibiting their properties at the Doha show. They are from Kochi, Thrissur, Guruvayoor.

Others attending the show are mainly drawn from Delhi, Gurgaon, Mumbai, Chennai, Pune, Bangalore, Hyderabad, Coimbatore, Mangalore, Goa and Ooty.
Close to 1,000 properties will be on display at the event.
The show will be held from 10am to 9pm on both days, with a one-hour break for prayers on Friday at noon.

The exhibitors will include leading organisations from the industry and leading builders, flat promoters, layout promoters, housing finance companies, resorts and clubs, interior designers, house builders and real estate agents.

Sourced from Gulf Times

Internet Marketing Techniques and Strategies for Tamil Nadu Real Estate Market

It doesn't matter whether you are a real estate agent, mortgage broker, loan officer, or have some other important job within the real estate market, you need people -potential clients- to know you exist. Half of the battle in earning commissions, closing deals, and selling homes or mortgages is finding people to buy them and that's where marketing comes into play.

Marketing doesn't have boundaries

You may not consider yourself a marketing expert and might scoff at the notion of some its methods, but the bottom line is if you want to be successful -at any level- in the modern business structure, you need to market yourself and you need to be somewhat aggressive in your marketing approach. And although most of what this industry does takes place on the visceral plane, in real time, in person, the Internet is still becoming increasingly important to any businessperson's success.

Internet marketing strategies are not solely for young, ambitious -though some would say misguided- kids looking to become rich through affiliate programs. They are for anyone who wants to build a significant online presence, whether for personal or professional reasons. Internet marketing strategies entails a host of options, and benefits, for those that are willing to put in some effort.

What can a successful Internet presence do for you?

One of the most popular questions asked when it comes to Internet marketing strategies, especially from those within this field, is what can the Internet do for them that traditional marketing can't? The easiest answer is that every year more and more people are turning to the Internet for almost all of their consumer needs. That includes finding a home.

No, that doesn't mean that these same individuals will shop online for a home, do a few 'virtual' tours of homes they are interested, and then make an offer. The bulk of the real estate process is still managed person-to-person in live contact, but the initial phases of these searches generally begins on the Internet. So, logic would stand to reason that if more and more people are turning to the Internet for their initial searches, to whet their palette or test the waters, that they will also find the agents to represent them through the Internet.

If you have a web presence but don't market it through any number of Internet marketing strategies, then your presence on the World Wide Web will go largely unnoticed. People will find you through search engines, most likely, like Google or Bing or Yahoo.

How do you market effectively on the Internet?

There are numerous Internet marketing strategies that you can use. Many are free of charge, but will require time and effort on your part, or you can hire someone to do it for you. Others cost money and may be more effective. A combination of several different methods is generally the most effective and will drive the highest amount of traffic to your website, web page, or web presence.

Social networking has quickly become one of the most common, and popular, methods to market on the web. Facebook and Twitter are becoming vastly important to web-based businesses as they allow these businesses to connect with clients and potential clients directly, to keep them updated on offers, special events, and news and information that you create.

Blogging is also a key to success. Through blogs, we share more specific information about sales, changes in the law or government programs, and any subject that should be important to a homebuyer, whether he or she is new to the prospect. With blogging, you can also add targeted keywords to the text, which will help boost the blog page's ranking based on those keywords. For instance, if you're writing about 'making an offer on a house,' that could be your keyword phrase and if someone searches that phrase on Google, your page will come up higher on the ranking, increasing the chances that the person will find and read your blog.

The end result

When people surf to a page that you created and marketed, then you have won half the battle. They have found you. If the information you provide is professional, insightful, or connects to their needs at any level, the odds increase that they will contact you to represent them in their important home buyer, or selling, process. If people are searching on the Web for representatives, then it stands to reason that it's time to get a web presence and also to invest in Internet marketing strategies so these clients can find you.

Why Marketing is very important for your Real Estate properties in Tamil Nadu - Madurai Coimbatore Trichy Tirunelveli Salem Erode Chennai

Why Marketing is very important for real estate properties in Tamil Nadu?

If you want to sell your property, you need to market.

There is a proverb in Tamil - Azhugura pillaikku thaan paal kidaikkum.
Like that - Marketing panra Properties thaan Vikkum. Only the properties which are being marketed will be sold!

Got it?

If you got it, please contact 999 42 62 942. Thank you

Procedure to buy/sell land/house/properties in Tamil Nadu India

Owning a house is an important thing in ones life. However, one needs to be careful while buying land/house to avoid falling into legal hassles. A lot of care is needed from the beginning- right from site seeing till the registration of the land. The legal status of the land is one of the first issues that you should address before confirming a property. Don't give any advance before getting confirmation about the legal status of the property.

Before buying a land, a number of checks needs to be done to confirm that the land has a clear and marketable title. The first thing is to find out the tenure, legal right of the holder of the land in government records. The tenure or possession right could be freehold, leasehold or may be held under a government grant or 'sanad'. Freehold land is always most preferable. The seller should provide all the necessary documents to the buyer.

Title deeds

The first step is to see the title deed of the land which you are going to buy. Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person. Don't be satisfied with the Xerox copy of the title deed. Insist on seeing the Original Deed. Sometimes the seller may have taken a loan by pledging the original deed. It also needs checking whether the seller has permitted any entry/access to others through this land and whether any other fact has been suppressed/left undisclosed by the owner of the land. It is better to get the original deed examined by a lawyer. Along with the title deed, the buyer can also demand to see the previous deeds of the land available with the seller.

Tax receipt and bills

Property Taxes which are due to the government or municipality are a first charge on the property and, therefore, enquiries must next be made in government and municipal offices to ascertain whether all taxes have been paid up to date. The owner should also possess the latest tax paid receipts, which you may inspect. Enquiries should also be made in various departments of the municipality to ascertain whether any notices or requisitions relating to the property have been issued and are outstanding and not yet complied with.

While inspecting the property tax receipt, it can be noted that there are two columns in the tax receipt. Make sure that the name entered in the owner's column is correct. The second column will be for the name of the one who paid the tax. Sometime the owner may not have the tax receipt with him, in such cases, contact the village office with the survey no. of the land and confirm the original owner of the land. If you are buying a house along with the property, then the house tax receipt should also be checked. Also ensure that the electricity and water bills are up-to-date and if there any is balance payment to be made, ensure that it is made by the seller.

Encumbrance Certificate

Before buying any land or house, it is important to confirm that the land does not have any legal dues. It is available as a certificate called encumbrance from the sub registrar office where the deed has been registered, stating that the said land does not have any legal dues and complaints. The encumbrance certificate for the past thirteen years should be taken or for more clarification, you could demand 30 years encumbrance certificate to be checked. If you still have anymore doubts, you can take a Possession Certificate of the ownership of the particular land, which is available from the village office.

Pledged land

Some people may have taken loan from the bank by pledging their land. Ensure that the seller has paid back all the amounts due. Don't get satisfied with the receipt of the payment made. A release certificate from the bank is necessary to release all the debts over the land legally. You could buy a land without the release certificate. But if you want to take a loan in future, the release certificate is a must.

Owning a house is an important thing in ones life. However, one needs to be careful while buying land/house to avoid falling into legal hassles. A lot of care is needed from the beginning- right from site seeing till the registration of the land. The legal status of the land is one of the first issues that you should address before confirming a property. Don't give any advance before getting confirmation about the legal status of the property.

Before buying a land, a number of checks needs to be done to confirm that the land has a clear and marketable title. The first thing is to find out the tenure, legal right of the holder of the land in government records. The tenure or possession right could be freehold, leasehold or may be held under a government grant or 'sanad'. Freehold land is always most preferable. The seller should provide all the necessary documents to the buyer.

Title deeds

The first step is to see the title deed of the land which you are going to buy. Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person. Don't be satisfied with the Xerox copy of the title deed. Insist on seeing the Original Deed. Sometimes the seller may have taken a loan by pledging the original deed. It also needs checking whether the seller has permitted any entry/access to others through this land and whether any other fact has been suppressed/left undisclosed by the owner of the land. It is better to get the original deed examined by a lawyer. Along with the title deed, the buyer can also demand to see the previous deeds of the land available with the seller.

Tax receipt and bills

Property Taxes which are due to the government or municipality are a first charge on the property and, therefore, enquiries must next be made in government and municipal offices to ascertain whether all taxes have been paid up to date. The owner should also possess the latest tax paid receipts, which you may inspect. Enquiries should also be made in various departments of the municipality to ascertain whether any notices or requisitions relating to the property have been issued and are outstanding and not yet complied with.

While inspecting the property tax receipt, it can be noted that there are two columns in the tax receipt. Make sure that the name entered in the owner's column is correct. The second column will be for the name of the one who paid the tax. Sometime the owner may not have the tax receipt with him, in such cases, contact the village office with the survey no. of the land and confirm the original owner of the land. If you are buying a house along with the property, then the house tax receipt should also be checked. Also ensure that the electricity and water bills are up-to-date and if there any is balance payment to be made, ensure that it is made by the seller.

Encumbrance Certificate

Before buying any land or house, it is important to confirm that the land does not have any legal dues. It is available as a certificate called encumbrance from the sub registrar office where the deed has been registered, stating that the said land does not have any legal dues and complaints. The encumbrance certificate for the past thirteen years should be taken or for more clarification, you could demand 30 years encumbrance certificate to be checked. If you still have anymore doubts, you can take a Possession Certificate of the ownership of the particular land, which is available from the village office.

Pledged land

Some people may have taken loan from the bank by pledging their land. Ensure that the seller has paid back all the amounts due. Don't get satisfied with the receipt of the payment made. A release certificate from the bank is necessary to release all the debts over the land legally. You could buy a land without the release certificate. But if you want to take a loan in future, the release certificate is a must.

Measuring the land

It is advisable to measure the land before registering the land in your name. Ensure that the measurements of the plot and its borders are accurate. You can do this with the help of a recognized surveyor. This will avoid a lots of problems in the future. You could also take the Survey Sketch of the land from the Survey Department and compare for accuracy.

More than one owner

In some cases, the land will be owned by more than one people. So before registering, check if there is more than one owner, and if there is, get release certificate from the other people involved.

Buying land from NRI land owners

A person staying abroad can also sell his land in India by giving a Power of Attorney to a third person authorising him the right to sell the land on his behalf. But in such cases, the power of attorney should be witnessed and duly signed by an officer in the Indian embassy in his province. There is no legal support for Power of attorney signed by a notary public.

Agreement

Once all the matters, financial/otherwise are settled between the parties, it is better to give an advance and write an agreement. This ensures that the owner does not change his word regarding the cost as well as make a sale to someone else who offers more money. The agreement should be written in 50 Rs stamp paper. The agreement should state the actual cost, the advance amount, the time span within which the actual sale should take place and how to proceed in case of any default from either parties, to cover the loss. The agreement can be prepared by a lawyer and should be signed by both the parties and two witnesses. After signing the agreement if one of the parties make a default, the other party can take legal action against him.

Registration

The land can be registered in a sub registrar office, after preparing the title deed including all the relevant information. You could get the title deed written by a government licensed Document writer. Even lawyers can prepare the deed, but the document can only be computer printed or typed, not handwritten. Handwritten documents can be prepared by only those who hold the scribe license.

A draft should be prepared before actually writing the document in stamp paper. Make sure all the details mentioned are accurate. If there is incorrectness in the document after registering, a secondary document with the correct details has to be registered and depending on the incorrectness, the registration expenses will be repeated.

Make sure that the deed is registered within the time limit mentioned in the agreement. Original title deed, Previous deeds, Property/House Tax receipts, Torence Plan (optional) etc plus two witnesses are needed for registering the property. Torence plan is a detailed plan of the property prepared by a licensed Surveyor which will have accurate details of the measurements including width, length, borders etc. This plan is needed only in some specific areas. For land costing more than five lakhs, the seller should submit either his Pan Card or Form Number 16 during registration.

The expenses involved during registration include Stamp Duty, registration fees, Document writers/ lawyers fees etc. The stamp duty will depend on the cost of the property and varies from Municipality to Corporation to Panchayat. In Panchayat the stamp duty will be 4% of the cost of the land whereas in Municipality it is 5% and in Corporation 6%. Two percentage will be charged as the registration fees. Document writers fees also depend on the cost of the property and varies with individuals. There is a percentage prescribed by the government as Document writers fee and they cannot charge more than the prescribed limit.

After registration, the registered document will be received after 2-3 weeks, from the registrar office.

Changing the title in Village office:

The whole legal procedure of buying the property will be complete only if the new owners name is added in the village office records. An application can be made along with the copy of the registered deed to the Village office to get this done.

It is advisable to measure the land before registering the land in your name. Ensure that the measurements of the plot and its borders are accurate. You can do this with the help of a recognized surveyor. This will avoid a lots of problems in the future. You could also take the Survey Sketch of the land from the Survey Department and compare for accuracy.

More than one owner

In some cases, the land will be owned by more than one people. So before registering, check if there is more than one owner, and if there is, get release certificate from the other people involved.

Buying land from NRI land owners

A person staying abroad can also sell his land in India by giving a Power of Attorney to a third person authorising him the right to sell the land on his behalf. But in such cases, the power of attorney should be witnessed and duly signed by an officer in the Indian embassy in his province. There is no legal support for Power of attorney signed by a notary public.

Agreement

Once all the matters, financial/otherwise are settled between the parties, it is better to give an advance and write an agreement. This ensures that the owner does not change his word regarding the cost as well as make a sale to someone else who offers more money. The agreement should be written in 50 Rs stamp paper. The agreement should state the actual cost, the advance amount, the time span within which the actual sale should take place and how to proceed in case of any default from either parties, to cover the loss. The agreement can be prepared by a lawyer and should be signed by both the parties and two witnesses. After signing the agreement if one of the parties make a default, the other party can take legal action against him.

Registration

The land can be registered in a sub registrar office, after preparing the title deed including all the relevant information. You could get the title deed written by a government licensed Document writer. Even lawyers can prepare the deed, but the document can only be computer printed or typed, not handwritten. Handwritten documents can be prepared by only those who hold the scribe license.

A draft should be prepared before actually writing the document in stamp paper. Make sure all the details mentioned are accurate. If there is incorrectness in the document after registering, a secondary document with the correct details has to be registered and depending on the incorrectness, the registration expenses will be repeated.

Make sure that the deed is registered within the time limit mentioned in the agreement. Original title deed, Previous deeds, Property/House Tax receipts, Torence Plan (optional) etc plus two witnesses are needed for registering the property. Torence plan is a detailed plan of the property prepared by a licensed Surveyor which will have accurate details of the measurements including width, length, borders etc. This plan is needed only in some specific areas. For land costing more than five lakhs, the seller should submit either his Pan Card or Form Number 16 during registration.

The expenses involved during registration include Stamp Duty, registration fees, Document writers/ lawyers fees etc. The stamp duty will depend on the cost of the property and varies from Municipality to Corporation to Panchayat. In Panchayat the stamp duty will be 4% of the cost of the land whereas in Municipality it is 5% and in Corporation 6%. Two percentage will be charged as the registration fees. Document writers fees also depend on the cost of the property and varies with individuals. There is a percentage prescribed by the government as Document writers fee and they cannot charge more than the prescribed limit.

After registration, the registered document will be received after 2-3 weeks, from the registrar office.

Changing the title in Village office:

The whole legal procedure of buying the property will be complete only if the new owners name is added in the village office records. An application can be made along with the copy of the registered deed to the Village office to get this done.

Madurai Real Estate Agents Dealers Property Providers

This article is sponsored by OruAcre.com - Your Online Real Estate Helper

Property dealers in Madurai help you in buy, sell or rent of any kind of residential or commercial property in the city. The property transaction that can be a very time and energy (both mental and physical) consuming affair can be simplified with the help of an established Madurai property dealer. This beautiful city offers high property values promising good returns if someone is looking for an investment property.

The real estate agents in Madurai help you find a property that suits your requirements as well as budget and then proceed with the legal formalities you need to fulfill. These include registration of the property, abiding of all land laws , filing up of the property taxes and many more. Trust the property dealers in Madurai to get your work done within no time.

Madurai has seen a rising trend in building constructions in the recent past. This has created a steep price rise in the real estate market. As a result, it is becoming increasingly expensive to buy a residential or commercial property anywhere in the city. Besides, for some people, owning a property in the city is not a feasible option. This is because of their least intention to stay in the city for a longer duration. Students, professionals and businessmen of all sorts fall in this category who has a purpose to stay in the city.

Thus, the rental property in both residential and commercial property segments are gaining popularity. We can see a completely separate segment of rental property evolving in these days, which include affordable as well luxurious flats and apartments, villas, duplexes and bungalows. Property dealers in Madurai have attained the central position in most of the transactions involving house rentals. Besides helping you locate a house on rent in Madurai, real estate agents negotiate for favorable house rent and prepare rent agreement for you.

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Investment Land near Madurai Airport

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Sun City Real Estate has been handling investment land projects before near Madurai IT park. Now, they are adding lands for sale near Madurai Airport as well.

You can check out this article to more about Sun City Real Estate Agent of Madurai.

We are yet to be given with much details about the land near Madurai Airport. Keep your fingers crossed. We will let you know. If you are interested, before hand - please send an email to MaduraiTimes@gmail.com, with the subject as "Land near Madurai Airport" and express your interest.

Madurai is the next happening place. I will write more about it in next few articles.

This article is sponsored by Sun City Real Estate Agent.

Madurai Land Registration Procedure

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If you are buying land in Madurai, be careful of any evil real estate agents and brokers and be aware of the procedures, before you register a land on your name and make a purchase of real estate.

This message is to be read carefully, because there are complaints regarding this.

Madurai Pazhanganatham (Palanganatham) Registrar official Annamalai explains to Dinamalar. Please read the procedure and how to be careful in madurai real estate registration.

By the way - this does not complain all the real estate agents. This posting is just for consumers to be aware of evil elements in Madurai, if any.

Global recession hits Madurai too

There is a record of decrease in land transactions for the past couple of months in the tamil nadu state itself. Looks like there is a loss of Rs.50 crores approximately lost in revenues for Government of Tamil Nadu on land transactions.

This is a bad sign to be noted. Hopefully it is temporary and everything would come back. There is a little apprehension in everyone's mind whether market would be down for sometime or will it be back to normal!

People are holding off in investing in any assets. Instead, it is safe to keep everything in cash - may be!

I will be talking to realty consultants in Madurai today. I will get back to you all with some expert views on this.

Allotment orders to the Top IT Companies - HCL, Satyam, Sutherland, Scope, Tessolve, Honeywell etc., in Madurai IT Park

Madurai IT Park was in PAPER and DOCUMENTs so far.

Now, it is becoming reality.

Tamil Nadu Chief Minister Kalaignar M Karunanidhi had allotted lands to the top IT companies from HCL, Sathyam, Sutherland, Scope, Tessolve and Honeywell in Madurai IT Park in Vadapalanji.

Madurai is on the IT revolution right now. Karunanidhi granted allotment orders for 160 acres in Madurai, Tirunelveli, Tiruchi and in Chennai, to top 8 companies that have come forward to set up shop in IT Parks being set up by the state owned Electronics corporation of Tamil Nadu (ELCOT).

The IT companies have surely realised that they stand to gain by moving to the IT SEZs in Tier II cities, like the ones in Madurai, Tirunelveli(Nanguneri SEZs) and Tiruchi. As the STPI benefits will last only till 2010, the IT SEZs are the preferred destinations as companies can enjoy benefits for 10 more years.

Reliable Source for Madurai Machan.

International Terminal in Madurai Airport Function: A Recap

The Tamil Nadu government had given administrative sanction to acquire 614.33 acres of land to expand the Madurai airport, Chief Minister M. Karunanidhi said, laying the foundation stone for a terminal building here on Saturday.

By March 2009, we would have the first international flight from this new terminal, he added. - Bureau Report

Chief minister M Karunanidhi on Saturday April 26th 2008 laid the foundation stone for a new integrated terminal building at the Madurai airport, a facility that would handle 500 passengers at a time.

Airport officials said the integrated terminal building would be ready by March 2009. Constructed at a cost of Rs 130 crore, it would have state-of-the-art facilities and amenities, including aerobridges, flight information display system and centralised air-conditioning.

The present terminal has the capacity to handle only 200 passengers.

Karunanidhi said all airports in the state would be pieces of architectural excellence and match world class airports.

Karunanidhi also laid the foundation stones for IT parks developed by Electronics Corporation of Tamil Nadu at Ilandaikulam and Vadapalanji in Madurai.

Great Madurai spreading wings!!! Dream come true for Madurai

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Madurai, a tier-two city in southern Tamil Nadu, best known for its temple and jasmine flowers, is expanding on all sides, thanks to height restrictions on buildings within the city, growing wealth, increasing availability of facilities such as mini-bus services to suburbs, and anticipation of investments especially in the IT and BPO sectors.

On the residential side, good quality constructions range from Rs 1,000 a sq ft to Rs 2,000 a sq ft in up market areas, while residential rentals vary greatly based on location. Sahara City Homes is setting up a huge project in the suburbs. Local players such as Visvas Promoters and Sashwath Constructions have a good number of residential projects under development.

Organised retail is just beginning to get a toe hold in the city and the real estate valuations are largely built on the hope of IT majors setting shop in the city in the next few years.

The article was very impressive about Madurai. Please read the original in economictimes

Rise in prices of steel and cement: Coimbatore, Madurai

Continuous rise in price of steel and cement in tamil nadu, gives lot of pressure for Building projects in Coimbatore.

Coimbatore builders seek government help to curb prices of steel and cement in tamil nadu.

read more in hindu b u s i n e s s

Real Estate Status in Madurai, Chennai and India

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Real Estate Status in Madurai, Chennai and India

Sponsored by Sun City - Real Estate Agent, Madurai

In most parts of Chennai, apartments in new complexes cost between Rs 70 lakh to Rs 1 crore. As for adjoining suburbs, prices are in the range of Rs 40 lakh to Rs 50 lakh.

For instance, ongoing projects on the Madurai Highway are priced at Rs 45 lakh and above.

Consider the economics. To buy a flat worth Rs 50 lakh, a salaried employee would have to pay Rs 7.5 lakh upfront and an equated monthly instalment (EMI) of Rs 50,000 to service the balance Rs 42.5 lakh home loan over the next 20 years. Going by bank eligibility norms, he or she would need a salary of Rs 1 lakh per month to obtain a loan to pay such a high EMI. Obviously, those with such high salaries are few in number and on the highest rung of the corporate ladder.

It is getting tougher and tougher to buy a property in India. Normal people cannot afford a property in Madurai, Chennai and India.

There is nothing we can do, while the economy and markets takes its own course.