Things You Need to Know About DTCPApproved Plots in Chennai
Introduction The Directorate of Town and Country Planning (DTCP) is a government organisation that oversees the planning and development of Chennai. They set certain rules and regulations regarding the development of residential and commercial buildings. While buying a real estate property, one needs to have DTCP approval or face legal consequences. Mentioned in the following slides are a few things you need to know about DTCP approved plots in Chennai.
Pros of DTCP-Approved Plots The following are the benefits of DTCP-approved plots: • The plots comply with the safety guidelines of Chennai which gives you a relief of building a house in a safe space. This means the government has allowed you to develop a property in that space. • You will not face any legal consequences as the plot is government-approved. • It is a safe investment for your future as it has taken a government body’s approval. • The area is well-developed as there is a planned layout by DTCP that gives you the advantage of basic facilities.
Cons of Unapproved Plots Find out the drawbacks of non-DTCPapproved plots: •
Banks and non-banking financial institutions often reject loan applications from people who want to buy unapproved plots.
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There may be issues with water and electricity supply as there is no approval from the government
Eligibility Criteria If you want to get DTCP approval for your plot, the land should legally be yours and any construction that you might want to do must correspond to the government body’s terms. Additionally, you must have all the required documents essential for paperwork.
Conclusion This makes DTCP-approved plots in Chennai the best investment for any real estate investor. Make sure you buy a plot from a reputed real estate developer to get a DTCP-approved plot without any hassles.