Chennai is one of the most developed and urban cities in India. Being a huge metropolis, it has no dearth of good properties to buy, whether it is for a person planning to move to Chennai or someone who has lived in the city for their whole life. With regulations that protect the buyer’s interests in the form of the RERA Act and reduced complexity when it comes to taxes since the introduction of GST, it is as good a time as any to buy a house in Chennai.
If you’re planning to purchase a house of your own in the city, here are some tips that will come in handy.
1. Get a Real Estate Agent to Help You
Chennai being a bustling city with endless opportunities to buy a home, it might be intimidating to get into it by yourself. Enlisting the help of a real estate agent will help narrow the options down for you. When choosing an agent, though, enquire about their commission rates and other fees thoroughly.
2. Know the Top Localities
Apart from the home, the locality also has to be modern, safe, and constantly progressing. Some of the best localities for buying a house right now:
- Grand Southern Trunk Road
- Old Mahabalipuram Road
3. Know the Addresses of a Few Registration Offices
Depending on the area our new house is in, you will need to know where the registration office is located so you can get your newly-bought home officially registered. Some of them include:
- Adyar – 51, 1st Floor, Kamarajar 2nd Avenue, Adyar, Chennai – 20
- Kodambakkam – 29/2, Akbarabath 1st Street, Kodambakkam, Chennai – 24
- Velachery – 36, Orandiamman Koli Street, Velachery, Chennai – 42
4. Always Make a List of Your Requirements
In a city as vast as Chennai, you always want to know what exactly you are looking for in an apartment so you can avoid looking for one forever. Do you want a big villa for a joint family or a modern apartment for a married couple? Making a list of your wants and needs will greatly streamline the process of buying a house.
5. Check the Facilities
When there are so many facilities like the Metro, huge office buildings, primary schools, and prime hospitals available in Chennai, be careful not to end up buying a house that does not have access to one or more of these facilities. If you do, you might find yourself paying a lot of money just travelling back and forth from your workplace, for example. You need to look out for the presence of markets and restaurants near your house as well.
The most important tip that you need to remember when buying any house is to have your housing finance in order. Tata Capital home loans offer the most flexible home loan eligibility criteria and multiple repayment methods. Our home loan interest rates start as low as 9.25%! With a Tata Capital home loan, you can buy your new house in Chennai easily – apply for a housing loan today!