Introduction:

Investing in a residential plot is a dream for many, but if done without proper research, it can lead to legal or financial trouble. Whether you’re a first-time buyer or a seasoned investor, these tips will help you make an informed decision while exploring plotted developments in Chennai’s rapidly growing suburbs.

Detailed Breakdown:

1. Verify CMDA/DTCP Approval

Before making any commitment, ensure the plot is approved by CMDA or DTCP. These approvals guarantee that the land is legally developed and safe for construction. Unapproved layouts may face demolition or restrictions later.

2. Legal Document Checklist

Request the complete legal chain of documents, including:

•Parent deed

•Encumbrance Certificate (EC)

•Patta and Chitta

•Survey map and FMB sketch

Consult a property lawyer to verify the documents. Even small oversights can result in big complications later.

3. Analyze the Neighborhood

Visit the area multiple times—morning, afternoon, and evening. Check traffic flow, nearby amenities (schools, hospitals, shops), and safety levels. A promising locality today could become Chennai’s next realty hotspot.

4. Consider Hidden Costs

Apart from the cost per sq.ft., calculate expenses such as registration charges, stamp duty, brokerage, and development fees. Clarify if amenities like roadwork, drainage, or fencing are included or billed separately.

5. Evaluate Builder/Developer Reputation

If buying from a private developer, check their track record. Visit past projects. See if they delivered what they promised, and if they have any pending litigations or customer complaints.

Closing:

With expert help from Earthen Spaces, you can navigate the complexities of real estate buying with confidence. We ensure all our listed plots come with verified documentation and complete transparency.