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OSR regularisation by CMDA nominee purchase of plot

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OSR regularisation by CMDA nominee purchase of plot

Last updated: May 19 2017
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  • #41

    #41

    Re : OSR regularisation by CMDA nominee purchase of plot

    As you rightly said to save money developers used to like this but this is not right decision to buy such plot and if you can save good amount than you can proceed as does not affect other formalities in view of development the real problem when you try to sell this plot if it is your own use bargain to developer good

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    • #42

      #42

      Re : OSR regularisation by CMDA nominee purchase of plot

      Thank you for your opinion, ok you mean Resale should be the only issue, that is also important in land purchase. Others if you any other thoughts please share. I'm really wondering why government has not done anything to stop this kind of layouts if it is an issue. 90% of the layout developers i see are doing this. if Resale will become a problem, it will impact thousands of buyers.

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      • #43

        #43

        Re : OSR regularisation by CMDA nominee purchase of plot

        I came across a CMDA approved plot in Medavakkam. It is a newly formed layout and has 6 plots in total.
        There is a 20ft road (part of layout) which connects this layout to main road.
        Lawyer says that the road has to be given as "git deed" to municipality.
        However the builder says that 10% of the guideline value has been paid as OSR charges.
        Also, He paid, 3000 for development charges.
        Total area of the layout is 20 cents.

        Builder says, If the road width is more than 24ft then only, he can give to municipality/Panchayat.
        Now, Lawyer says that the road has to be divided as UDS and given to the buyers.
        Is it so? Can you guys please confirm.

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        • #44

          #44

          Re : OSR regularisation by CMDA nominee purchase of plot

          Its absolutely right as said by your lawyer. Road area must be given as gift deed for public access. Promoter cannot retain the area. Else he has to convey the road area in the form of UDS to all the 6 owners who intends to purchase the property then it will become a private road access for all these 6 individual owners If meets a dead end on the last plot.

          I need to highlight a point here for your clarification:-

          You have mentioned it as CMDA approved Plot. Prima facie if its a CMDA approved layout the road width if its 20feet it will be cultisac road or called a pencil road. Please check with cmda for the cross check your approval number which will be published in their website.

          Mostly in these areas Promoter will get approval from Local body/ Town Panchayat where it will be approved By the EXECUTIVE Officer and an representative of CMDA will sign the approval papers. But promoters claim this as CMDA approved. Please check with the same. Powers for the above officer to approve a layout is not more than 24 cents for the total extent.

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