GENERAL FAQS

What is carpet area, built up area and super built up area?

Carpet area: This is the area of the apartment/Building which are covered by the walls.

Built up Area: The Carpet area including Wall area is called as Built-up area. This is also called Plinth area.

Saleable area / Super Built up Area: This includes the built up area along with the area coming under common space such as lobby, lifts, stairs, common amenities such as, Club House, Commercial Complex, STP, WTP, etc,

What are the common areas referred to in a flat?

Common area would include areas covered by stairs, lobbies, lifts, open space around the building, the terrace of the building, common amenities such as, Club House, Commercial Complex, STP, WTP, etc.

What is meant by FSI?

FSI – means Floor Space Index-this is the ratio between the total plot area to the total built- up area of the building

What is meant by UDS?

It is called Undivided Share of Land. This is applicable for apartments and gated community.

What is meant by OSR Area?

This is meant as Open Space Reservation Area. No one is permitted to construct a building other than for public use. This has to be gifted to the Government

What is Maintenance Charges?

Maintenance charges are for maintaining the Towers, Housekeeping, Electricity, Water supply, STP, WTP, etc.

What is Corpus Fund?

Corpus fund is a fund collected from all the purchasers and pooled in one account. The interest amount accrued is used to maintain amenities like Common area (EB charges, Water supply), Landscape gardening and Children’s Play Area, etc.

Maintenance charges are for maintaining the Towers, Housekeeping, Electricity, Water supply, STP, WTP, etc.


What is meant by Guide line value / Market value?

Guideline Value: The guideline value is the value prescribed by Government for that survey number and location. This can be viewed on www.tnreginet.net or at the Office of the Sub-Registrar in the respective location.

Market Value: The estimated amount for which an asset is transacted between a willing buyer and a willing seller in the prevailing market.

What are all the important documents one should check before buying any property?

If you want to purchase a property, you have to look at the approvals like Approved layout plan,

Approved building plan,

Parent Documents,

Encumbrance certificate.

What are the legal documents to be signed by the Purchaser?(for a new property)

Agreement for Sale

Builders Agreement

Sale Deed