Nimmadhi Property Management

# Nimmadhi Property Management

Planning to buy a property in Chennai ? Check out the TALUK Rajesh had bought a property in the outskirts of Chennai in the GST - NH45 area sometime back. He cross checked all the documents and got the property registered in his name in 2014. When he got information that somebody was constructing on his property, he immediately took steps to counter it. Imagine his shock when his lawyer informed that he had registered his property in the wrong Taluk.  "Apparently, the said property is on the border of two Taluks and while all the neighbouring properties come under one (which is where I too had registered mine), my property and a few others, due to their location, came under a neighbouring Taluk," says Rajesh.  Though he was able to address the issue on priority and got the illegal construction removed, clearly it was a close call. If you too, are planning on buying property in the outskirts of Chennai there are several aspects one must keep in mind.  "A...

Tips for Cleaning up your Rental - Nimmadhi Property Management 1. Don’t leave everything to the last minute. If you dust your baseboards two weeks before you move out they won’t get coated with dust in the two weeks you’re packing and doing other things. Feel free to start ahead of time and knock out some of the daunting tasks before moving day. 2. Look high and low – don’t miss the small things When my friends and I moved into our rental our senior year, the renters before us had forgotten to look up while they were cleaning. The ceiling fans and the corners of the ceilings were disgusting. I don’t even want to tell you how many wipe rags it took to get the gunk off the fan. Don’t skip those things – I think your landlord would rather sweep a little dust than pull out a ladder to clean the ceiling fan. Also don’t neglect your closets. Just because they’ve been filled with clothes doesn't mean they’re dust free. 3. Fill nail holes We've all been asked before mov...

CONSTRUCTING YOUR HOME?  10 IMPORTANT THINGS TO LOOK OUT WHILE APPOINTING A CIVIL CONTRACTOR Appointing a contractor is by far one of the toughest tasks when you are planning to build a house. While you have so many options on hand, not doing a proper ground work might lead to a disaster as the risk factor involved is high. Building a house is a task where any person has to engage and avail the services of professionals and craftsmen to complete the job. “Well begun is half done” is an old and proven maxim. More often than not, people do not do a due-diligence before appointing contractors to build their house. The following points will give any aspiring home-builder a few insights about what to look for when appointing a Contractor: Construction is all about Trust:  So if you are a first-time home-builder, go for somebody who has a solid name and a trusted reputation. The best way to do this is to inquire among your friends, relatives and acquaintances abo...

அடுக்குமாடிக் குடியிருப்பு  வீடு வாங்குபவர்களில் பெரும்பான்மையானோர், ஒரு சதுர அடிக்கான விலை குறைவாக இருந்தால், வீட்டின் விலை மலிவாக இருப்பதாக நினைக்கிறார்கள். அப்படி இருந்தால் தாராளமாக வாங்கலாம். அதனால் லாபமே கிடைக்கும் என்று நினைக்கிறார்கள். ஆனால், பல சமயங்களில் இந்த நினைப்பு தவறாகவே இருக்கிறது. ஒரு சதுர அடிக்கான விலையில் பல்வேறு அம்சங்கள் உள்ளன. வீடு வாங்குபவர்கள் வீட்டின் உரிமையைப் பெறும் தேதி, நிலத்தின் பிரிக்கப்படாத பங்கு (U.D.S), வழங்கப்படுகிற வசதிகள் மற்றும் கட்டுமானத் திட்டத்தில் பயன்படுத்தப்படும் பொருட்களின் தரம், பொதுப் பயன்பாட்டு இடங்கள் உள்ளிட்டவை ஒரு சதுர அடிக்கான விலையை நிர்ணயம் செய்வதில் முக்கியப் பங்காற்றுகின்றன. இதை ஓர் உதாரணம் மூலம் பார்த்தால் எளிதில் விளங்கும். 'புராஜெக்ட் ஏ’ என்பது 4 தளங்களில் சம அளவுள்ள 73 அபார்ட்மென்ட்களைக் கொண்டது என்று வைத்துக்கொள்வோம். இந்தத் திட்டத்தின் மொத்த நிலப்பரப்பு 89,000 சதுர அடி. கட்டுமானப் பரப்பளவு (பில்ட்-அப் ஏரியா) 76,650 சதுர அடி மற்றும் மொத்த மேற்பரப்பளவு (சூப்பர் பில்ட்-அப் ஏரியா) 1,02,200 சதுர அடி. இந்தத் திட்...

Many senior citizens are in the dark about various tax saving instruments that they can use. For those who started on the path of proper tax and wealth planning at an early age, the older years turn out to be the golden age. Others are however not so lucky as they possibly use wrong tax saving financial instruments that offer tax rebates but owing to their high risk nature. With the level of risk taking capacity close to zero at that time, it is better to use investment vehicles that offer safe and sturdy returns while helping in tax reduction. Here is a list of some of popular tax saving instruments that senior citizens can use successfully. Senior citizen saving scheme (SCSS) : Senior citizen saving scheme (SCSS) is a perfect tax saving instrument for the elderly and is available only for people above the age of 60 years.  Senior citizen  saving scheme offers 9.3 percent annual returns (paid quarterly) on deposits. The total amount of investment in the Senior cit...

As the financial year draws to a close, a lot of people feel stressed due to the final tax assessment for the year. It needs to be noted on this point that owning a home is not only a dream realization, but home loans are also wonderful tax saving instruments. Individuals having home loans are eligible for tax deductions on both the principal amount as well as on the interest paid for it. Let us take a simplistic look at the various tax deduction options one can avail while servicing a home loan. Tax benefit on Principal Amount of Home Loan : The principal amount paid on any home loan can be availed as tax benefits with a maximum deduction of Rs 1,00,000 under  section 80C of the Income Tax Act . However, it needs to be noted that the deduction is not available for any principal amount paid on home loan for an under construction property. The maximum deduction allowed under Section 80C of the Income Tax Act is Rs 1, 00,000. Tax Benefit on Home Loan Interest : The am...