Are you intimidated by the Home Buying process and looking for some guidance in the form of a checklist before buying a flat/property in Chennai? A real estate transaction is not exactly a cakewalk for most people.
a big sum of money
time and effort in coordinating with multiple parties, professionals and government offices
documentation and legal aspects involved in transferring ownership
To avoid any legal hassles and proceed with a smooth home buying experience, we have included a Checklist before buying a Flat and listed all possible documents to check and vet with your lawyer, before you sign on the dotted line and take possession of your new home.
Feel free to print out this page as a PDF and use it throughout your home buying journey.
Part 1 – Basic Checklist before Buying a Flat / Property:
Is it convenient to access bus routes, metro train stations and local cab supply?
This will impact your investment returns as well.
Is it close enough for workplace, school/college, utility stores, recreational shopping & health establishments and help you maintain your current lifestyle?
How is the basic infrastructure in the area?
Water, drainage, power supply, etc.
Is it in a low lying area near a lake which could cause flooding issues?
How are the roads around the property?
Is there a Main road access from 0.5 – 1 km away from the property?
What are the future development plans in the area?
Upcoming metro connectivity, new malls, bridges/flyovers, road widening, etc. especially if it is a suburb such as ECR or OMR. This will affect future resale and rental potential as well.
Is it a generally safe locality?
What are the neighbors like?
How close is it to your friends and family staying in other parts of Chennai?
Part 2 – Document Checklist before buying a Flat / Property in Chennai
Note that not all of these documents may be required/applicable in your case. This is meant to be an exhaustive / general list. Always consult a good property lawyer to guide you.
1. Brand New / Under Construction Properties:
Check for Clear title from the builder which proves that they are the true owner of the property.
Copy of the Sanctioned Building Plan
No Encumbrance Certificate (E.C)
that the property is free from any legal dues, mortgage security or liens.
Builder has got NOCs from local bodies
NOCs from Electricity Board, Water Board, Pollution Board, Airport Authority, Environment Board, Forest Dept, Traffic Control, Society Building, etc. as the case may be
Construction Agreement / Builder Buyer agreement
Read the terms & conditions carefully
Check for Completion Certificate (C.C) or Occupancy Certificate (O.C)
After the deal, don’t forget to execute the Sale Deed or delay its registration in your name as the rightful owner. Generally, the Sale Deed is registered along with the UDS after the Construction agreement has been registered.
No doubt this resource has now made you a smarter buyer in knowing what are the important documents to check before buying a property. After all, a real estate transaction is complex and possibly the second biggest decision in your life after marriage and having a child. It is your responsibility then, to yourself and your family in making sure the correct due diligence is carried out. Remember, without a trusted property advisor at your disposal, it is very easy to fall prey to deception and scamming by builders or even individual house owners, in some cases.
Though we have made every effort to make this Checklist before buying a Flat / Property in Chennai as comprehensive as possible, this is only a general guideline. Whether you’re looking to buy a resale property or a new construction home, always enlist the services of a good property lawyer who will vet the correct property documents for you and your unique situation. If you need any references, your real estate agent can easily help you with an excellent recommendation.