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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Chennai > Residential Area - Special type of Land - Class I
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Old September 16 2011, 12:56 PM   #1
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Default Residential Area - Special type of Land - Class I

On going through the guideline value of my residential land in Guduvancheri, in the Tamilnadu Govt, Registration Website i found my land classified as "Residential Area - Special type of Land - Class I"

Would be facilitated if some one here in this form can enlighten me on this classification.

KRISH SAMMY

 
Old April 8 2012, 07:03 AM   #2
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Originally Posted by KRISH SAMMY View Post
On going through the guideline value of my residential land in Guduvancheri, in the Tamilnadu Govt, Registration Website i found my land classified as "Residential Area - Special type of Land - Class I"

Would be facilitated if some one here in this form can enlighten me on this classification.

KRISH SAMMY

My land too falls under the same category and I too would like to know the details. What is the FSI in such areas?
 
Old April 8 2012, 02:07 PM   #3
abk is offline abk
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these are classifications of the registration dept and used for fixing the guideline value for an area.this does not have any implication for CMDA or revenue authorities.i have an agricultural land which is classified as class I resi land????.
class I does not mean "first class".
 
Old April 9 2012, 06:26 AM   #4
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these are classifications of the registration dept and used for fixing the guideline value for an area.this does not have any implication for CMDA or revenue authorities.i have an agricultural land which is classified as class I resi land????.
class I does not mean "first class".
Actually, I find that this classification of our land commands a higher guideline value than any other in the area.
 
Old April 9 2012, 01:37 PM   #5
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Usually depends on the road width, and if the land is on the main road it is even higher owing to possible commercial use.
 
Old April 9 2012, 04:04 PM   #6
abk is offline abk
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Actually, I find that this classification of our land commands a higher guideline value than any other in the area.
yes this is registration dept classification and will have higher guideline value.
but it does not necessarily mean those areas command higher market price than class II resi areas.
 
Old November 3 2012, 11:26 AM   #7
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Default Residential special Type II

My building in chennai falls under the Residential special Type II, Is it possible for me to rent it out to a commercial establishment like an office etc. pls advice
 
Old December 10 2012, 05:00 PM   #8
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yes but not to an industrial unit technically
 
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