Finding good commercial land in Chennai isn’t enough. You may find the ideal piece of land on paper, but it could come with many restrictions on zoning, ownership, and even poor road access. The best strategy for doing this involves a systematic process that is based on your business plans, official documents, and local market trends. At River Properties, we have provided professional services to many clients in Chennai over nine years now, and the same process has proven to be reliable.
Define Your Business Needs Before Searching for a Commercial Plot in Chennai
Every good purchase begins with a thorough brief.
- A shop will need lots of passing trade and frontage.
- A warehouse will require wide access roads for large trucks.
- A hotel or restaurant will require visibility from the highway.
List out what sort of business you do, the size of your ideal plot, the budget you have to work with, and how much you expect to expand over the next ten years. Doing this one single task will weed out the majority of plots that won’t suit you before you even go on location. And it will allow your advisor to select a relevant commercial plot in Chennai for you rather than just showing you everything.
Work With a Real Estate Company in Chennai That Understands Local Corridors
The market for real estate varies from one corridor to another. The Guindy area and GST Road region vary totally from the Old Mahabalipuram Road area and the highways leading to Chengalpet and Tindivanam. There is a well-known real estate company that takes note of the above variations on a day-to-day basis. It can tell you which roads are getting more traffic, areas that are overvalued, and sellers that are ready to sell.
River Properties offers you:
- Land with road frontage at Guindy
- Land with highway frontage near Chengalpet
- National Highway land outside the city limits
All are tagged with land codes and frontage information. Using an area Real Estate Company in Chennai will save you several months of wasted effort.
Confirm Zoning and Land Use Before You Pay Any Advance
It is not true that any plot can legally allow the construction of a commercial building. It depends upon the master plan of the area and the local planning agencies like CMDA, DTCP, etc.
- A plot purchased as commercial land may actually be designated as residential or agricultural.
- Make sure of the designation of the land and match it with the intended purpose.
- Agricultural land requires proper conversion before any commercial building can be built.
Making this point clear before starting anything else will save you from any legal troubles or restrictions in future. A few days spent on checking will definitely be cheaper than a court battle regarding the building that was supposed to be illegal.
Check Title Documents and Legal History Carefully
Proper ownership is the basis of all safe transactions. Ask for the sale deed, parent documents, patta, chitta, and the encumbrance certificate for a minimum of thirty years. The documents indicate the owner of the land, transfer history, and whether there is any loan or dispute tied to it.
- Compare the survey number of the documents with the actual plot.
- For joint ownership, permission of all owners is required for registration.
- River Properties makes sure that sellers provide all the necessary documents before the property is advertised, and we remain involved until registration of the transaction.
- Do not make the token payment until your own lawyer verifies the entire documentation process.
Compare Frontage, Access, and Infrastructure on the Ground
Pictures and pamphlets alone will not suffice.
- Go through the land during different times of the day to get an idea of the traffic, parking pattern, and nature of the surrounding business.
- Find out how wide the frontage is, since it will impact the visibility and the value for resale.
- Find out the width of the approach road, drainage, availability of water, electricity and proximity to the nearest intersection.
- Get an idea of the pedestrian traffic from the other businesses located in the area.
A piece of land with a frontage of three hundred feet is far more useful as a showroom or logistics centre than a deep and narrow one.
Compare Prices and Negotiate With Real Market Data
The price per cent or per ground differs greatly from one location to another; thus, it is important to compare.
- Get the latest transaction price for plots similar to yours on the same road before offering.
- Asking prices generally have wiggle room in them, especially for plots that are relatively large.
It is not just the price but the overall cost, which will include the cost of registration, approval, boundary setting, and development.
A relatively cheaper plot may cost you more if it is not easily accessible compared to a reasonably priced plot located on a busy road. Always bargain politely and professionally.
Complete Plan Approval and Registration the Right Way
The purchase of land is just the beginning of the journey.
Prior to construction, an approved building plan from the concerned authority is required.
- Filing the plans at an early stage prevents any delays that can delay your company’s inauguration for several months.
- The next step is to register the property, and it is best done after everything has been verified and paid for.
- There are stamp duty and registration charges, so make sure that you have knowledge of the guideline value of the property.
Apart from helping with land sales and purchases in Chennai, River Properties can help you in getting plans approved for any of your projects.
Reach out for the best solution
The right way to acquire a commercial plot in Chennai is to have a well-thought-out process. Know your business needs, hire a team of experts from the area, confirm the zone and title of the plot, evaluate the plot, price it, and get all approvals accordingly. All these steps are geared towards ensuring that your investment is secure and that you can finally acquire a plot to enhance your business operations in a sustainable manner. River Properties has been helping our clients to buy and sell lands in Chennai for almost a decade in an honest manner and with low commission rates. Our office is situated in Thoraipakkam, Chennai. Contact us on 8939234565 today and let us learn about your needs.