Essential Things to Consider Before Buying Property in Kanchipuram

Kanchipuram, a city renowned for its rich history, religious significance, and proximity to Chennai, is quickly becoming one of the most sought-after real estate destinations in Tamil Nadu. Whether you're looking for plots in Kanchipuram or a residential property near Chennai, the city's growing infrastructure and development make it an appealing choice for potential investors. However, before taking the plunge into the real estate market, it's crucial to consider several key factors that can influence your investment decision. By thoroughly researching and planning your investment, you can ensure a profitable and secure property purchase in Kanchipuram.

In this blog, we'll guide you through the essential factors you should consider before investing in Kanchipuram real estate. From location and connectivity to legal documentation and future growth potential, we will cover it all to help you make the best out of this temple city.

Kanchipuram Real Estate: Factors Influencing Property Investment

Kanchipuram, often referred to as the "City of Temples," offers a unique combination of historical charm and modern-day connectivity. The proximity to Chennai—just 75 km away—makes buying a property in Kanchipuram an ideal choice for individuals working in the capital city but looking for more affordable property options.

Kanchipuram is famous for its ancient temples, particularly those dedicated to Hindu deities like Ekambareswarar and Kailasanathar. Additionally, Kanchipuram is celebrated worldwide for its exquisite handwoven silk sarees, a craft that has been passed down through generations. Moreover, Kanchipuram’s location offers excellent connectivity to NH-45 and NH-48 facilitates quick travel to Chennai.

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Emerging Residential Zones in Kanchipuram

The table provides a comparison of three key residential areas near Chennai—Guduvanchery, Oragadam, and Kanchipuram–Chennai Highway—based on their distance from the city, development features, and ongoing infrastructure projects.

Legal Clearances and Documentation: Ensuring Legal Compliance before Buying

Verifying Legal Compliance

Before finalizing a property deal, it's essential to ensure that the land you are investing in is legally clear and free from any disputes. This is where property documentation and legal clearances come into play.

If you are looking to invest in land for sale in Kanchipuram, it is crucial to check that the property is:

• ⮚ DTCP approval ensures that the property adheres to the legal and planning regulations set by the government.
• ⮚ To secure a sound investment, approach trusted property developers in Chennai who offer CMDA-approved plots.
• ⮚ The encumbrance certificate proves that the property is free of mortgages or legal encumbrances.
• ⮚ Ensure that the seller has a clear title to the property, and the sale deed is registered.

Additionally, you may want to perform a legal verification of property to confirm its legitimacy.

Property verification online involves confirming the legitimacy and ownership details of a property through digital resources. This process helps ensure that Kanchipuram plots are free from legal disputes and encumbrances.

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Steps for Online Property Verification:

• 1. Verify the title deed with the official Tamil Nadu land registry portal.
• 2. Ensure all property taxes are paid by accessing local municipal or taxation websites.
• 3. Obtain the EC from the land registry portal to check for any legal dues or loans against the property.
• 4. Review the property’s zoning status through municipal or urban planning websites to confirm the land's approved usage.
• 5. If buying from the property developers in Chennai , verify their registration and past projects through real estate regulatory authority portals.

Documents Required for Property Purchase

Choosing a Trusted Property Developer

One of the most critical steps in securing a sound real estate investment is selecting a trusted developer. A reliable property developer ensures timely project completion, adherence to quality standards, and compliance with local building regulations. In Kanchipuram, numerous real estate developers are offering DTCP-approved plots in Kanchipuram, making it crucial to research their track records.

Before selecting a developer, you should take the following steps to verify the property.

• ⮚ Review the developer’s portfolio and assess whether previous projects were completed on time and met quality expectations.
• ⮚ Ensure that the developer's projects have the necessary legal approvals, such as DTCP, CMDA, and other relevant permits. As for Sameera Estates, you can rest assured that their developments comply with all required regulations and approvals.
• ⮚ Talk to previous buyers to gauge their experience with the developer.

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Budget and Financing: Planning Your Investment

Despite a steady rise in recent years, Kanchipuram's plot rate remains affordable, driven by its growing popularity as both a religious and cultural hub. With its proximity to Chennai, Kanchipuram is increasingly attracting real estate investors and homebuyers looking for more affordable alternatives to the city. Investors are also drawn to the town's potential for future growth, especially as infrastructure projects continue to enhance connectivity.

(a) Setting a Realistic Budget

Before you start looking for property in Kanchipuram, it's essential to have a well-defined budget. Apart from the cost of the land, consider additional expenses. When planning your property budget, it's important to account for various additional costs, such as property maintenance fees, common area expenses, property verification, and legal consultation charges. Another crucial aspect of property transactions is property registration, which involves registration charges and stamp duty. In Chennai, stamp duty is typically 7% of the property's value, and these costs should be factored into your overall budget when finalizing the purchase.

(b) Financing Your Investment

Investing in residential property requires substantial financial planning. There is several real estate financing options available and one of the safest is availing home loans. There are different types of home loans, including regular home loans for purchasing new or existing properties, fixed-rate loans where the interest rate remains constant throughout the term, providing predictable repayments, and floating-rate loans where the interest rate fluctuates based on market conditions, offering flexibility but also potential risks if rates rise

The Future of Kanchipuram Real Estate Market

Kanchipuram is on the cusp of significant growth. With large infrastructure projects in the pipeline, such as improved highways, metro connectivity to Chennai, and enhanced industrial zones, the city is expected to witness a rise in property values over time.

Choosing plots near kanchipuram has its unique advantages which includes

• ⮚ Planned metro lines and highways will significantly improve the city's connectivity and accessibility.
• ⮚ The growing IT industry in the nearby region of Sriperumbudur and Oragadam means there will be increased demand for residential properties.
• ⮚ With numerous reputed schools and colleges in the region, the demand for residential properties will continue to rise.

Resale Value of Property

Kanchipuram's resale value of property is likely to increase due to its growing popularity and proximity to Chennai. However, ensure that your property is located in an area that is expected to see infrastructural and commercial growth.

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Amenities and Lifestyle Factors

The Importance of Nearby Amenities

When choosing a property, always consider the availability of essential amenities. Kanchipuram offers a variety of lifestyle factors that enhance the appeal of living in the city:

• Schools and Colleges: There are several reputed schools, such as the Kanchipuram Government School, and private educational institutions offering quality education.
• Hospitals and Healthcare Facilities:Healthcare facilities like the Kanchipuram Government Hospital and private clinics provide quality medical care.
• Shopping and Entertainment: With shopping malls, temples, and entertainment venues, Kanchipuram offers a balanced lifestyle for its residents.

Additionally, the proximity to places of worship, including the famous Kanchipuram temples, adds cultural and spiritual value to the city’s appeal.

Assessing Environmental Concerns

Kanchipuram enjoys a moderate climate, making it an attractive option for residential investment. However, it is essential to be aware of potential environmental concerns:

• Flood-Prone Areas: Ensure that the property is not located in a flood-prone zone, especially during the monsoon season.
• Sustainable Development: Look for developers like Sameera Estates that prioritize eco-friendly and sustainable practices.

Investing in environmentally conscious properties can help you reduce the long-term impact on the planet while ensuring the safety and durability of your home.

Conclusion

Investing in residential property in Kanchipuram presents a promising opportunity, thanks to its strategic location, rich cultural heritage, and ongoing infrastructure developments. However, to ensure a successful and profitable investment, thorough research and careful planning are essential. Key factors such as legal clearances, reliable developers, a well-defined budget, and future growth potential should be closely evaluated. By considering amenities, connectivity, environmental factors, and the overall market trends, you can make a well-informed decision that aligns with your long-term goals. Whether you're buying a plot or a ready-to-move property, Kanchipuram’s real estate market offers a blend of affordability, potential growth, and quality of life, making it an attractive destination for homebuyers and investors alike.