Chennai the capital of Tamil Nadu is a disciplined and traditional city that embraces urbanity stylishly. Real estate investment here is a wise decision if you aim for a high return on investment. The high literacy rate and job possibilities lead to the venturing of reputed developers into the real estate market. With high-income sources, the demand for quality residential accommodation rises.
5 BHK Apartments In Chennai
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Thus, you must consider 5 BHK apartments in Chennai for sale in the most sought-after locales. Along with the finest conveniences and security provisions, the smartly designed recreational spheres also lure investors.
Reasons to Invest in 5 BHK Luxury Apartments in Chennai
Disciplined Lifestyle – With fast-paced development and increasing employment possibilities. The state-of-the-art fitness area and the wellness deck for meditation and yoga practice encourage residents to enjoy a disciplined lifestyle.
The recreational spheres to embrace calmness and energy as the dawn enlightens day is admirable here. Also, the reflexology path nestled amidst well-manicured lawns lets residents unwind. The presence of wellness, fitness, and social spheres creates harmony for a healthy life.
Passive Income – An investment in 5 BHK apartments in Chennai is a fortune cookie for investors. By owning a luxury abode in one of the most sought-after localities, get ready to reap lucrative rental income. The fast-paced development, job opportunities, and ascends in circle rates create the potential for lifelong passive income.
Legacy Building – The ownership of residential property in the city is a way to create a legacy for generations. With affordable property rates, an investment in the best 5 BHK residential apartments in Chennai is a way towards wealth creation. In the present scenario, the city offers spacious immovable assets at a pocket-friendly price. With the manifold growth in development, property prices will ascend. Thus, an investment now will lead to a glorious future.
Document Checklist to invest in 5BHK luxury residential apartments in Chennai
A real estate investment in Tamil Nadu’s capital comes with multiple advantages. However, you must keep the below-listed documents ready as it will ease the processing duration leading to timely possession of the non-liquid asset.
1. ID Proof (Aadhaar Card, PAN Card, Driving License)
2. Receipt or Demand Draft (DD) as payment proof for Stamp Duty, Registration Fee, and Transfer Fee.
3. Section 32A form of Claimants/witnesses/executants
4. ID Cards and Photos of two witnesses
5. A photo with the property’s front view
6. GPA/SPA Documents
Stamp Duty and Registration Fee for 5BHK apartments in Chennai
Chennai, the capital city of Tamil Nadu has a 7% stamp duty value and 1% registration fee. In the State, men and women homebuyers are eligible to pay the same, unlike in some other States, where a rebate is given to female homebuyers.
Also, the State does not distinguish and thus, the same value percentage is available for rural and urban Chennai.
FAQs
The entire city is safe and smart for residing, however, there are several sought-after destinations to enjoy affluent lifestyles in Chennai.
The fast-paced development and incoming of global brands and corporate houses will eventually lead to higher footfall of the workforce. Thus, the demand for quality housing accommodation will make investors reap high rental value. Also, the demand for 5BHK apartments in Chennai and infrastructure development growth will favor conditions for capital appreciation.
The strategic location, top-notch amenities, neighborhood, surroundings, and connectivity make 5BHK apartments in Chennai different. Also, for developers it is mandatory to register these projects with the Tamil Nadu RERA forum. Visit https://rera.tn.gov.in/ to validate the project’s registration number and other details.
Several reputed developers offer the best 5BHK apartments in Chennai. Also, the capital city of Tamil Nadu offers luxury at a budget-friendly price as compared to other tier-I cities including Mumbai and Bangalore.
Contact our sales manager now to find the best 5BHK apartments in Chennai.