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.

Real Estate Investment in Coimbatore Madurai Trichy

There is a changing trend in Coimbatore, Madurai and Trichy - second tier cities in Tamil Nadu in Real Estate. More and more corporate companies are entering into Real Estate.

An expert has said to Press that The presence of large industrial houses such as the Tatas, L&T, Godrej, Murugappa, Mahindra & Mahindra etc in the real estate sector, which the Coimbatore-based LMW and Lakshmi Mills also are planning to enter, which is claimed as ‘good for us' and `everybody would get a level playing field' and there would be ‘high standards of (corporate) governance'.

An expert said to Press that large industrial houses own land did not give them undue advantage vis-a-vis their competitors in the real estate business. But when corporates come into the real estate industry, ‘more and more good people would come to the industry and that would be real game changer for the entire country' and that's ‘how we are looking at'.

The whole market is in the hands of Brokers in many places - which professional companies like OruAcre.com take the hold of it and take the real estate market in Trichy Coimbatore Madurai to a good decent level.

Even major mills in Madurai, which were doing very good in past, now down in their profits and production has switched modes to Real Estate and selling plots. Paramount Mills, Nagalakshmi Mills etc., in Madurai are few of them.

By the way Sun City Real Estate, Madurai is planning to launch a big plot in Madurai, which is going to be a big plot near Thirumangalam, Madurai. If you want to book, please call 9789757930 or 9994262942.

Thank you
Mrs.Surya.
Managing Director
OruAcre.com