Essential checklist before purchasing plots in Chennai

Plots for sale in Tambaram are popular due to their excellent connectivity to the city center and the presence of good educational institutions nearby

Posted on 8^th July 2024

Chennai, the capital of Tamil Nadu, has been experiencing rapid growth in its real estate sector. With the city expanding in all directions, plots for sale in Chennai have become an attractive investment option for many. Whether you're looking at plots for sale in Tambaram or considering plots in Kelambakkam, it's crucial to have a comprehensive checklist before making your purchase. This guide will walk you through the essential factors to consider when buying a plot in Chennai.

1. Location and accessibility

The first item on your checklist should be the plot's location. Consider the following:

Proximity to main roads and highways
Access to public transportation
Distance from your workplace or children's schools
Nearby amenities like hospitals, shopping centers, and recreational facilities

For instance, plots for sale in Tambaram are popular due to their excellent connectivity to the city center and the presence of good educational institutions nearby.

2. Legal verification

Ensuring the legal status of the plot is crucial. Here's what you need to check:

Verify the seller's ownership through original documents
Check for any legal disputes or encumbrances on the property
Ensure the plot has a clear title
Verify that the land use is approved for residential purposes

3. Approval and permits

Different areas in Chennai may have different regulations. Ensure that:

The plot has approval from the Chennai Metropolitan Development Authority (CMDA) or other relevant local authorities
There are no pending legal issues or violations
The plot adheres to local zoning laws

This is particularly important for rapidly developing areas like Kelambakkam, where plots are in high demand due to the IT corridor's proximity.

4. Site visit and inspection

Never purchase a plot without personally visiting and inspecting it. During your visit:

Check the plot's dimensions and ensure they match the documents
Assess the topography and soil quality
Look for any signs of water logging or drainage issues
Evaluate the neighborhood and surrounding developments

5. Future development plans

Research the future development plans for the area. This includes:

Upcoming infrastructure projects
Proposed commercial developments
Plans for parks, schools, or hospitals in the vicinity

For areas like Tambaram and Kelambakkam, staying informed about future IT park expansions or road projects can help you make a more informed decision.

6. Water availability

Water scarcity can be a significant issue in Chennai. Verify:

The availability of corporation water supply
Groundwater levels in the area
Any restrictions on borewell digging

7. Flood risk assessment

Given Chennai's history with floods, it's crucial to:

Check if the plot is in a low-lying area
Assess the area's flood history
Verify if there are any nearby water bodies that could pose a risk

This is particularly important for plots in coastal areas or near lakes and rivers.

8. Power supply

Ensure that:

The area has a stable electricity supply
There are no issues with voltage fluctuations
Verify if there's a need for a transformer installation

9. Price comparison

Before finalizing your purchase:

Compare prices of similar plots in the area
Research historical price trends

For instance, compare prices of plots for sale in Tambaram with similar areas to ensure you're getting a fair deal

10. Payment and documentation

Once you've decided to purchase:

Negotiate the price and payment terms
Ensure all payments are properly documented
Obtain receipts for all transactions
Sign a proper sale agreement

11. Future resale value

Consider the plot's potential for appreciation:

Evaluate the area's growth prospects
Consider upcoming infrastructure projects that could boost property values
Assess the demand for plots in the area

Areas like Kelambakkam, with their proximity to the IT corridor, often show good potential for value appreciation.

12. Environmental concerns

Be aware of any environmental issues:

Check for any industrial zones nearby that could cause pollution
Verify if the plot is near any ecologically sensitive areas
Ensure there are no restrictions due to coastal regulation zones

13. Social infrastructure

Evaluate the social infrastructure in the area:

Quality of schools and colleges
Availability of healthcare facilities
Presence of markets and shopping centers
Recreational facilities like parks and sports complexes

14. Security aspects

Consider the safety of the area:

Check the crime rate in the locality
Presence of street lights
Proximity to a police station

15. Future construction costs

If you're planning to build on the plot:

Estimate the construction costs in the area
Check the availability of construction materials
Verify if there are any specific building regulations in the locality

Purchasing plots for sale in Chennai can be a rewarding investment if done with proper research and due diligence. Whether you're looking at plots for sale in Tambaram for its excellent connectivity or considering plots in Kelambakkam for its proximity to the IT corridor, this checklist will help you make an informed decision.