Villas for sale in Mogappair
  • No Violation and NO Deviation. Will be built as per approval.
  • Committed delivery time.
  • Guaranteed quality control process
  • High quality materials and fixtures as committed will only be used.
  • Soil Testing and water testing certificates will be provided.
  • Structural design and 3 party audit on structural design will be obtained.
  • Foundation will be done as per the reputed structural consultant recommendation.
  • All statutory approvals for the project will be obtained by NOVA.
  • Completion certification will be obtained before handing over the project.
  • No cancellation charges and customer can exit the project any time.
  • No excuses for delay and penalty will be paid if the project is delayed.
  • CMDA / DTCP / Local Body approved drawings will be issued to every customer for their reference.
  • All the FSI achieved details, Total flat area and construction area calculations will be given in writing.
  • No additional charges will be collected outside the approved plan.

LAND CHECK LIST

NOVA PROPSENSE AIMS TO
EDUCATE THE CUSTOMERS
ABOUT ALL ASPECTS OF
PROPERTY BUYING.

To clear the Title of the property we ensure that the following documents / deeds / records are in order.

  • Document of title for a minimum period of 30 years
  • Extract of "A" Register of the land to confirm the ownership and nature of land
  • Patta / TSLR extract in the name of present and previous owners
  • Chitta / Adangal extracts in the name of previous and present owners if applicable
  • Kist Payment details up to date if applicable
  • Certified FMB sketch / Land survey report by Town Surveyor or Taluk Surveyor
  • Encumbrance certificate for a period of 30 years
  • Layout plan permission details
  • Builder to give indemnity for the Property Title as follows – For No subsisting encumbrance, For No Land Acquisition by any Govt. Authorities,For no pending litigation or any legal proceedings.
  • Flow chart of the property tile to be given by the builder for easy reference
  • Legal opinion for clear and marketable title from a Law Firm

APPROVALS CHECK LIST

To clear the Title of the property we ensure that the following documents / deeds / records are in order.

  • Document of title for a minimum period of 30 years
  • Extract of “A” Register of the land to confirm the ownership and nature of land
  • Patta / TSLR extract in the name of present and previous owners
  • Chitta / Adangal extracts in the name of previous and present owners if applicable
  • Kist Payment details up to date if applicable
  • Certified FMB sketch / Land survey report by Town Surveyor or Taluk Surveyor
  • Encumbrance certificate for a period of 30 years
  • Layout plan permission details
  • Builder to give indemnity for the Property Title as follows – For No subsisting encumbrance, For No Land Acquisition by any Govt. Authorities,For no pending litigation or any legal proceedings.
  • Flow chart of the property tile to be given by the builder for easy reference
  • Legal opinion for clear and marketable title from a Law Firm

We, at Nova, consider it our responsibility to empower our customers with thorough knowledge about the properties. Below, you will find a comprehensive checklist of the details you should be aware of and must cross-check before investing.

  • FSI achieved in the project should be clearly explained.
  • Total Construction area in the project should be clearly explained.
  • In the Flat, Total Flat area includes: Carpet Area + Plinth Area ( Wall area) + Common area ( Stair Cases, Corridors, Electrical Room, Lumbar room + Clubhouse area). All these calculations should be clearly explained.
  • If the Clubhouse Land area is included in your UDS and built up area is included in the common area, then the builder legally does not have any right to collect any other additional charges from the buyer
  • No other charges including club membership fee should be paid to the builder if the clubhouse belongs to all the flat owners and builder does not have any legal holding or technical holding on the property. If Club membership payment is collected by the builder then the same should be transferred to the association for exclusive maintenance and refurbishing of the clubhouse facilities on continuous basis
  • Terrace area in the apartment is common for all the flat owners and no individual owner has any exclusive rights over terrace area.
  • Builder must handover all the property documents, approval documents and all equipment documents to the association immediately, as and when the association is formed All technical decisions of the project should be properly documented and handed over to the association
  • Builder must get completion certificate to handover the apartments in the project
  • CMDA approval and completion certificate ensures that the property is built as per approval. Customers can verify CMDA project approvals at www.cmdachennai.gov.in/ppapprovaldetails.html and project completion certificates at www.cmdachennai.gov.in/CCIssuedList/2014.html
  • Customers can also demand a no deviation certificate from CMDA and indemnity bond from the builder if any deviation is found in the future.
  • Customer should always take a second opinion on the property title and parent document, and also on the builders agreement. Customers, at any point, should not sign a one sided agreement favoring only the builder.
  • All the facilities and amenities in the project should be approved by CMDA / DTCP
  • Know the Guideline value of your property in your area at http://www.tnreginet.net/guideline_value.asp
    Registration stamp duty will be paid on the guideline value of the property.
  • Every customer is entitled for a fair compensation if the project is delayed except in case of an ‘Act of God’ incident. If the compensation clause is rigid, then customers should think twice about the property and genuineness of the builder.
  • Sufficient time should be given by the builder to make the payment. In case of delayed payment, interest charged by the builder on the stage payments should not be beyond the Bank’s construction funding loan rate.
  • Builder should form the association before handover and complete registration and association forming formalities. This clause should be mentioned in the agreement.
  • Corpus fund payments should be directly paid to the association by Cheque. At any point of time, customers should not pay the corpus to the builder’s account for later transfer.
  • All the room dimensions in the flat should be clearly explained in detail in the agreement.
  • Common area details and its percentage should be clearly explained in detail and it should be convincing.
  • Project Defect Liability and Project Maintenance by builder, and their scope, tenure and manpower to be deputed, should be clearly mentioned in the construction agreement
  • Project maintenance cost should always be charged in sq. ft. rate on the total saleable area
  • Ensure that your builder provides after sale service for at least first 5 years for the property after their defect liability period
  • Builder should give a tour of the project to the association to prove that the project is built as per approved plans
  • The builder should make all the statutory payments relating to the property till the handover.
  • Builder should give all the contact details of the flat owners to the association for further communication.
  • Builder should give assurance for the STP and WTP functioning for the first 2 years. Any technical and civil issues arising in that period should be rectified by the builder.

Land

UDS: UDS IS UNDIVIDED SHARE OF LAND.

In a apartment project, the land area is allotted proportionately to the size of the apartment purchased by the buyer and registered in the name of the buyer. But here the land is not divided physically for purchaser to identify it. It will be a undivided share of Land. When a home buyer purchases an apartment, he/she is entitled to 2 things: the constructed building and the proportionate share of land, where the whole building is constructed. The price appreciation of the property is the actual appreciation of the land and not the building, so the property price depends on the undivided share.

CALCULATION OF UDS

The UDS is based on the proportionate percentage of the super built up area of the apartment to the total super built-up area of all the flats. For instance, if 5 equally sized apartments of 2000 sq ft were built on 2 ground of land which measures 4800 sq ft, the UDS will be calculated as below:

UDS = Super built-up area of individual flat / Sum of all flats' built-up area X Total land area UDS = 2000 X 4800 / 10000 UDS of individual flat = 960 sq ft.

GUIDELINE VALUE

Guideline Value of a land is the value of the land as determined by the Government, based on its own metrics of facilities and infrastructure growth in that locality. The stamp duty and registration charges for registering a property deal, is based upon this Guideline Value. The Guideline Values are revised periodically to have them in sync with the Market Value.

FIELD MEASUREMENT BOOK (FMB)

In FMB's the individual survey number maps are maintained at a scale of 1:1000 or 1:2000. Each survey number is divided into several sub divisions. Each sub division is owned by a owner. The FMB's also depicts the dimensions of each field boundaries and the sub divisions. This FMB book is available at Register offices.

APARTMENT

Flat size or Apartment size

Flat size represents the overall size of the flat that includes carpet area of the flat ,wall area of the flat and common area of the flat like lifts, staircases and corridors. In some apartments flat size may also include club house and in house amenities areas.

Carpet area

Carpet area is the actual usable area of an apartment, office unit, showroom, etc minus wall thickness. Carpet area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls.

Plinth Area or Built up area

The plinth Area includes the total area of an apartment that includes Carpet area as well as wall thickness. This includes both the internal and the external walls.

Common Area

The common areas are those within a building that are available for common use by all occupants or residents. It is “An area inside a housing development that is owned by all residents .Common areas often exist in apartments, gated communities, condominiums, cooperatives and shopping malls.

Typically in an apartment, all the owners in common collectively own the common areas, meaning that any one individual owner does not possess more control over the land than any other owner. Areas such as Lobbies, Corridors, Stairways, Ramps, Lifts, Electrical rooms are included in the common area. In India most of the most of the real estate developers include club house and amenities area in the common area.

Super Built up area

Super built-up area is the built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the super built-up area.

Flat size Calculation

Flat size = Carpet area + Wall area + Common area + Amenities area

Setback Area

Setbacks are building restrictions imposed on property owners. CMDA has created setbacks norms in their master plan for reasons of public policy such as safety, privacy, and environmental protection. Setbacks prevent landowners from crowding the property of others, allow prescribed space for drive ways and walkways,.

OSR Area

The primary objective of OSR is the creation of lung spaces. It is seen as the contribution of the plot owner to public welfare by way of gift deed to CMDA .As per law, if the size of the plot is 3,000 sq m or more, 10% of the land should be reserved for open space. If the plot size is between 3,000 sq m and 10,000 sq m, developers/plot owners have the option of either demarcating 10% of the land for OSR or (in case of physical constraints in setting apart land) paying the guideline value of the OSR land to the Chennai Metropolitan Development Authority (CMDA). For plot sizes beyond 10,000 sq m, OSR (10% of the plot size) is mandatory. These spaces are developed to create parks and play areas.