Read More about - Real Estate in Chennai
In order to make the process of buying and selling properties in Chennai a piece of cake, one can get hold of real estate agents in Chennai. The task played by these real estate agents in Chennai is broad who ensure to make the entire journey hassle-free for the property in Chennai owners and purchasers. Estate Agents in in Chennai trade into various kinds of houses for sale in Chennai, residential apartments in Chennai, property to rent and commercial properties in Chennai. For being into this field they are abreast with the real estate in Chennai trends and demands and accordingly can extend their assistance to the clients in Chennai. By working as a bridge between the two parties it helps both of them achieve a fair deal in Chennai. They provide an array of services into the realm that include inspecting the properties in Chennai well so that it becomes a fair deal for a buyer in Chennai. At the same time they also help the sellers ascertain the most appropriate market price of their properties in Chennai. Provided above is a vast list of real estate agents in Chennai in your neighbourhood.
How can Emimake in Chennai help in choosing the best Estate Agents near you in Chennai?
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A Detailed Guide For Property Renting and Buying in Chennai
'Don't wait to buy real estate in Chennai, buy real estate and wait' is a common saying in the property market in Chennai. The sentiment that real estate in Chennai is not limited to merely buying in Chennai a tangible asset is a valid one in Chennai. Instead, it is an investment in the truest sense in Chennai.
The property in Chennai market in India is an ever-changing and volatile one in Chennai. This market comprises of builders in Chennai, developers in Chennai, real estate brokers in Chennai or property dealers in Chennai and real estate agents in Chennai, and real estate companies in Chennai, both offline and online in Chennai. Each one of them has a key role to play . Moreover in Chennai, this market is regulated by the government authorities who determine various aspects in terms of the real estate prices in Chennai, taxes, and rules and regulations in Chennai.
For some, property in Chennai matters may seem like an incomprehensible subject and a daunting task in Chennai. However, if you chalk out a game plan with clear forethought in Chennai, research and planning in Chennai, the whole process may seem like a walk in the park. With the added expertise of Real Estate Agents in in Chennai, you can turn the tide in your favour. You cannot leave any room for confusion and indecision in Chennai when it comes to putting your hard-earned, life's savings into a real estate property in Chennai.
Keeping the various factors into consideration through the following checklist in Chennai, you can use it as a guide to buy a real estate property in Chennai and rent one in Chennai.How can Real Estate Agents in in Chennai help you when buying residential properties in Chennai?
Have you made a firm decision on what you want to buy in Chennai? Do you want to buy a sprawling villa in Chennai that overlooks the sea or a fully-furnished 2BHK apartment in Chennai in a society? Though you may have narrowed down on one particular type, it can also throw light on aspects that you may have overlooked after consulting with some of the best Real Estate Agents in Chennai has.1. Under-construction property in Chennai versus ready-to-move-in property in Chennai
Both these property in Chennai types serve their purposes well but also come with their own pros and cons. While an under-construction 1 BHK property in Chennai may help you in realizing your dream of owning a home and within your desired budget in Chennai, on the flip side, you don't really know when you will actually get the possession in Chennai. Delayed possession is one of the common risks associated with under-construction properties in Chennai.
Ready-to-move-in Chennai properties are obviously ones that are the finished products and are usually immediately available in Chennai. These may or may not be furnished apartments in Chennai. However, some expert property dealers in Chennai say that a drawback of investing in such a property in Chennai is the higher cost as compared to under-construction ones. At the same time, in Chennai Real Estate Agents also recommend checking the age of the property in Chennai.2. For investment versus for end-use Real estate in Chennai
It also makes a huge difference if you are planning to buy a real estate property in Chennai solely for investment purposes or looking for one to move in with your family in Chennai. In both cases in Chennai, you may need to delve deeper in Chennai with the guidance of one of the top Real Estate Agents in Chennai.
Type of Property in Chennai: The in Chennai Real Estate Agents are in the know that a typical end-user will certainly look into the family requirements in Chennai while taking a buying in Chennai decision and so will select an apartment in Chennai with multiple bedrooms – 2 BHK in Chennai, 3 BHK in Chennai - instead of a single bedroom in Chennai or a 1 BHK in Chennai. At the same time, Real Estate Agents in in Chennai are also aware that an investor will prefer to invest in a property in Chennai type and configuration that is more in demand in the market in Chennai.
Location and Infrastructure real estate in Chennai: A convenient location is what you should consider in terms of the ease of access to transport options in Chennai, healthcare and education facilities in Chennai, and proximity to an economic in Chennai or commercial hub in Chennai with the help of any of the nearby Real Estate Agents in Chennai. In addition to these aspects, you may also consider whether the neighbourhood where the property in Chennai lies in suits your lifestyle or not. in Chennai Real Estate Agents also know that in terms of the infrastructure, how desirable a good road network that facilitates the ease of connectivity to airports , metro stations, railway stations and bus stops is in Chennai.
Construction Status real estate in Chennai: If you are an investor, you should look to put your money in the pre-launch or launch stage itself, if you are looking for quick returns. For end-users, on the other hand, it may make more sense to invest in a ready-to-move property, like a furnished or an unfurnished flat, or one that is nearing possession, also say Real Estate Agents in Chennai.3. Fresh unit versus Resale in Chennai
A fresh booking is one that you buy from a developer in Chennai, on the contrary, a resale unit is a pre-owned in Chennai or pre-lived in Chennai home that you purchase from an owner in Chennai. There are certain advantages and disadvantages to both, that most in Chennai Real Estate Agents may highlight.
Pros and Cons of investing in a fresh unit real estate in Chennai: A fresh, under-construction unit opens doors to customization and making changes to your home from scratch. These are usually unfurnished flats in Chennai. Plus, you can benefit from the various payment plans in Chennai, especially the construction linked plan in Chennai. From, it is mandatory for registering fresh bookings under RERA, paying the way to the transparency of information and transactions in Chennai. On the flip side, an under-construction project in Chennai comes with a risk of delayed possession and may attract GST. Also, bear in mind the percentage of brokerage you will need to shell out to the real estate broker in Chennai on buying a fresh unit.
Pros and Cons of investing in a resale unit in Chennai: Brokers and property dealers may recommend these types of properties in Chennai as they are readily available and are best for moving in immediately in Chennai. Also, owner(s) in Chennai of a resale unit may be open to negotiations and certain investors in Chennai could cut prices in an attempt to quickly liquidate their assets and exit the market in Chennai, say Real Estate Agents in Chennai. At the same time, buying of this unfurnished or furnished apartment in Chennai requires a down payment, sometimes immediately, which can pose to be a hurdle. Certain developers charge a transfer fee to handover the ownership of a property in Chennai from buyer to buyer in Chennai, which ranges between Rs. 200 to 1000 per sq. ft. The price in Chennai of the under-construction flat certainly impacts the brokerage you will pay your real estate broker in Chennai.4. Freehold property versus Leasehold property in Chennai
Chances are terms like 'Freehold' and 'Leasehold' are something that you may not have encountered before and can possibly perplex you when dealing with property matters. Both these terms are about land ownership and control that any of the leading in Chennai Real Estate Agents can explain better.
Many Real Estate Agents in in Chennai may explain, that if you buy a freehold property in Chennai, you not only own the house, but also the land that it is built on, for perpetuity. You can live there as long as you wish and can also make structural changes to apartments in Chennai with due permissions. Furnished or unfurnished, apartments in Chennai or flats in Chennai cannot be freehold.
A leasehold property in Chennai is one where you can reside for a stipulated period of time. Once the said period in the lease expires, say after 99 years, the ownership is given back to the landowner. When buying a leasehold property in Chennai, you may want to know the tenure of the lease, as it is bound to influence the property's value in Chennai, say Real Estate Agents in Chennai.How can Real Estate Agents in in Chennai help you when buying commercial properties in Chennai?
When narrowing down to the ideal commercial property in Chennai for operating your business in Chennai or your investment in Chennai, you may need to ascertain various factors such as location in Chennai, the local job market scenario, current and future initiatives related to the area's in Chennai infrastructure, and migration patterns with the help of the best Real Estate Agents in Chennai. The thing to do is to consult an appropriate in Chennai commercial estate agent in Chennai from the plethora of property dealers when researching on the following factors:Location real estate in Chennai
Location is perhaps the most crucial aspect when investing in a commercial property, is something that all well-informed property dealers would say. A key aspect determining the success of your business is the ease of access to customers. Therefore, with the help of the best Real Estate Agents in in Chennai, you may want to look for a property in a prime locale which boasts of extreme convenience in terms of commuting. Moreover, a commercial space in a well-connected increases your business' visibility and reputation.Budget real estate in Chennai
Proper budget planning is necessary before purchasing a property along with other business related transactions. With this budget in mind, you and your broker/ property dealer from one of the reputed Real Estate Agents in in Chennai will be able to narrow down to the right choice.Social Infrastructure real estate in Chennai
You should also check if the property location has malls, lifestyle centres and restaurants nearby as there is a likelihood of people frequenting the area. Through a real estate agent from one of the well-known Real Estate Agents in Chennai, you can also ascertain if the space in question has essential facilities like electrical connectivity, round-the-clock water supply, proper drainage system and elevators or lifts in place. You may need to crosscheck with the Real Estate Agents in in Chennai for generators or power backup systems in regions where load-shedding is common.Other Costs in Chennai
You may also need to account for the additional costs associated with a property, before or after its purchase. Maintenance charges, building insurance cost, and other infrastructure fees need to be accounted for.Market Value in Chennai
You need to check the market rate in the location of your choice. Furthermore, if you are looking to lease it out further, check the returns on rent in the area with any of the popular Real Estate Agents in Chennai.Modifications real estate in Chennai
Certain commercial spaces may impose limits on the scope of modifications to the interior or exterior of the properties. You need to carefully study what is allowed and what is not in greater detail.Litigation in Chennai real estate in Chennai
You must check if the property is free from any from any old or current litigation matters. Unbeknownst to you if you buy a property with a pending litigation, you may be in a sticky situation and may need to forgo the deal. Get the required help from a real estate agent.Legal Use real estate in Chennai
You need to know under which legal ambit the property can be put to use. An IT company will use it as an office space, whereas a manufacturer will use it as a warehouse or for other commercial purposes.Physical condition real estate in Chennai
The present condition of a property in terms of its age and interiors will give you an idea of the wear and tear that the space has gone through and whether it will require repairs and modifications or not. Also, it will help you ascertain the resale value and the monthly rental amount that can be earned.How can Real Estate Agents in in Chennai help you in renting residential properties in Chennai?
As a tenant, you may think it is quite easy to get a furnished apartment or an unfurnished 1 BHK flat on rent in Chennai, but you need to bear a few things in mind before finalizing a deal in Chennai.Monthly Rent Amount in Chennai
Besides seeking the services of the leading establishments in the field, do your own research to understand the trends in the local rental market and learn about the prevailing monthly rental rates. More often than not, the brokerage amount is equal to one month's rent. If it is a fully furnished apartment, it is possible that your landlord may just ask for a higher monthly rental amount. However, give due weightage to what is more important, proximity to your office and easy availability of amenities or a furnished flat.Documentation real estate in Chennai
The tenants must validate the title documents in Chennai and be sure that the person renting the property in Chennai is indeed the valid owner in Chennai. They are bound to check for identity proofs of the landlord like Aadhaar card and PAN card.Security Deposit real estate in Chennai
More often than not, as a tenant, you will be asked for a security deposit. This is a refundable deposit that is usually between one to six months' rent.Rent Agreement in Chennai
This legal document that binds the landlord and tenant to comply with certain conditions must be preferably drafted in mutual agreement in Chennai, by any of the Real Estate Agents in Chennai has. Ideally, it should also be drafted in prior consultation with a lawyer in Chennai. There are different types of rental agreements that vary with each state which are better explained by any of the professionals from the field. The agreement must clearly specify the monthly rental amount, though the brokerage amount may or may not be mentioned. It could be a tenancy agreement or a leave and license agreement. If the building that you are going to live in is due for redevelopment at any given point in time, it must be mentioned in the agreement in Chennai.Tenure in Chennai
Usually, the rental tenure is 11 months, whereas leave and license agreements can go up to 3 years. However, some agreements have a lock-in period clause where you as a tenant cannot leave the property or terminate the agreement before the period ends. The Real Estate Agents in in Chennai usually explain these caveats, if any.Police Verification in Chennai
This step is done for both parties, tenants as well as landlords where the police verify the documents and the identities of both the parties.How can Real Estate Agents in in Chennai help you in renting commercial properties in Chennai?
Most of the aforementioned points under are application when taking a commercial property on rent with the addition of the following points:Taxes real estate in Chennai
A commercial property attracts property taxes, maintenance charges and TDS. Usually, it is the landlord who pays the property taxes, whereas the GST and TDS on the rent and building maintenance charges are borne by the tenant.Tenure real estate in Chennai
The tenure for a leave and license term may be 3+3+3 years with renewal options after the initial term. However, the tenure varies from state to state. You may or may not be told to furnish a security, refundable deposit.Registering the lease in Chennai
It is of utmost importance to register in Chennai the lease in Chennai with the concerned authority by paying the stamp duty and registration cost in Chennai. You can either share the cost or bear it in full in Chennai.
Frequently Asked Questions
1. Do estate agents also help in finding a rental property?
Yes, they do. Whether you are looking to rent a place or buy one, estate agents help you find a property that suits your needs.
2. Will the seller negotiate on the offer?
Yes, there is always room for negotiation on an offer. However, you are advised to allow the estate agent also to help you in the negotiation.
3. How will an estate agent help me find a home?
Depending on your needs, the estate agent taps into his contacts of sellers and builders. Once a place that matches your needs is found, the agent will contact you.
4. When can I see a house?
The estate agent will fix a date and time which you and the seller are comfortable with. And on the day of the visit, the estate agent will accompany you.
5. What is the commission charged by estate agents in in Chennai?
An estate agent will charge you a percentage of the total sale amount as commission or a month’s rent in case you are renting a home.