The Benefits of Buying CMDA and DTCP-Approved Plots in Chennai

These authorities ensure that plots available in the urban and rural regions adhere to planned guidelines and meet standards for legalities, infrastructure and environment.

Understanding their Role

CMDA is a nodal agency responsible for regulating developments in the Chennai Metropolitan Area (CMA). The authority is also responsible for the city’s planned growth and construction of roads, sewage systems, community spaces, residential buildings, commercial, IT/ITes and other structures. CMDA approvals ensure that the land is free from any legal complications and often fetch better resale values thanks to compliance with urban development norms.

DTCP, on the other hand, plans, develops and regulates town planning across Tamil Nadu, except for CMA. The authority operates under the Town & Country Planning Act (T&CP Act) of 1971 and ensures organised development throughout the state. Like CMDA, DTCP-approved layouts are free from legal disputes and offer a higher market value over time. 

Benefits of CMDA and DTCP-Approved Plots

Ensure Adherence to Legal Compliance 

DTCP and CMDA approval confirms the layout adheres to zoning laws, land use guidelines, and environmental regulations. These regulations cover various aspects such as land usage, facilities and amenities in the neighbourhood, title verification, legal status of the plot, documents and much more. These plots also come with a unique approval number that verifies them and protects them against encroachments and unauthorised construction. Buyers can check CMDA and DTCP approval numbers online to verify and invest smartly.

Better Resale Value

Approved plots tend to appreciate better with time due to their clean legal status and planned infrastructure. These properties are generally located in well-developed areas, offering amenities and facilities which add to the resident’s experience. Most homebuyers and investors prefer these plots because of their reliability, which leads to higher resale value and potential for return on investments. 

Access to Financing and Loan

One of the biggest advantages of buying CMDA and DTCP-approved plots is their eligibility for loans and financing options. Because these plots are legally recognised, banks and NBFCs are more lenient towards loan eligibility and offer competitive interest rates and quick approvals.

Chennai’s real estate market is on the cusp of strong growth and increased demand. Especially, when it comes to residential plots and lands in Chennai and its nearby cities such as Kodaikanal and Kanchipuram.