Wednesday, September 18, 2013

TNHB states issuing Lease cum Sale Agreement (LCS) documents

By first week of September 2013, THNB started issuing the Lease cum Sale Agreement (LCS) documents to allottees. I believe these have to be picked up from the TNHB office in Besant Nagar.

You have to get this document registered with a Rs.20 stamp, sign the document wherever required, paste a family picture of the person why is buying the flat, and then give it back to TNHB. TNHB will take the document and give you a duplicate copy of the document. The duplicate copy is what you will be using for bank loan purposes.

Disclaimer: I am writing this based on what I heard from my father. Please correct me if I have misquoted anything.

Steps for getting the document registered at the local DRO:

1. Take the original LCS document to the District Registrar Office (DRO) that is responsible for the area under which the property is being built. For our purposes, it will be the DRO in Beach station or the one in Saidapet. Note: I was told that this document can not be registered by the sub registrar and only DRO can do it.

2. You might have to write a requisition letter and give it to one of the counters in the DRO and might have to pay a fee (I believe it is Rs.5). You will be given a challan which you have to take to a local bank to pay the Rs.20 fee for the stamp. Ask them what bank they work with. Most likely, it is just within stone throw distance from the DRO.

2. Once you pay the fee and get the challan stamped from the bank, go back to the same counter in the DRO and now you can get the stamp on the document and register it.

I might have missed some details, but this is the gist of it.

District Registrar Office (DRO) details:

Website: http://www.tnreginet.net/

DRO List for Tamil Nadu: http://www.tnreginet.net/english/dro_list.asp

Chennai North
1, Murthygal lane,Chennai-600001
044-25266215
drochennainorth@tnreginet.net

Chennai South
9, Jeans Road, Saidapet,Chennai-600015
044-24323170
drochennaisouth@tnreginet.net


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