Official guidance, Tamil Nadu land law
G.O.(Ms.)No.20, Conversion of 103 Unsold Flats into Board's Rental Flats
The Housing and Urban Development (HB3(1)) Department, Government of Tamil Nadu, issued G.O.(Ms.)No.20 dated 24 January 2024, approving the conversion of 103 unsold Tamil Nadu Housing Board flats at K.K. Nagar, Chennai, from outright purchase sale to Board rental flats. The approval allows public quota allotment and permits the Tamil Nadu Housing Board to sell the flats later under specified pricing and allotment conditions.
What the government approved
G.O.(Ms.)No.20 dated 24 January 2024, issued by the Housing and Urban Development (HB3(1)) Department, approves the Tamil Nadu Housing Board proposal to convert 103 unsold MIG III flats from outright purchase sale into Board rental flats. The flats form part of a 154 flat multi-storeyed residential development at the Wood Working Unit site in Town Survey No.6, Block No.129, Kodambakkam Town, K.K. Nagar, Chennai.
The location is also identified as Old Survey No.337 part and 340/1 part of Kodambakkam Village. The development consists of stilt plus 11 floors.
Background to the decision
The Tamil Nadu Housing Board constructed 154 MIG transit quarters under a redevelopment scheme using Board funds, at a stated value of Rs.6150.00 lakhs. The scheme was inaugurated on 20 February 2018.
The flats had earlier been converted from Board rental transit flats to outright purchase sale. Sales began through a lot conducted on 9 July 2020, followed by first come, first serve allotment from 14 August 2020. As of 12 September 2023:
- 154 flats had been constructed.
- 51 flats had been sold.
- 103 flats remained unsold.
- The 51 purchasers had taken over their flats without car parking allotment.
The Tamil Nadu Housing Board reported that sales remained poor despite notices, advertisements and banners. It linked the lack of buyer interest to the car parking allotment ratio. The development has 20 covered and 57 open car parking spaces, making 77 spaces for 154 flats.
Conditions attached to the conversion
The Housing and Urban Development (HB3(1)) Department approved the conversion subject to these conditions:
- The 103 unsold flats may be allotted under the Public Quota.
- The Tamil Nadu Housing Board may sell a flat if a rental allottee later wishes to obtain it through outright purchase. The sale must follow the rate for the current financial year and the Board's allotment policy.
- If a buyer approaches while rental flats remain available, the Tamil Nadu Housing Board may calculate the price for that year and sell an available flat.
Who may be affected
The approval is relevant to people seeking Tamil Nadu Housing Board rental accommodation or wishing to buy a flat in this K.K. Nagar development. It also matters to existing or prospective occupants because rental flats can later be offered for outright purchase under the stated conditions.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Are all 154 flats at the K.K. Nagar site being converted to rental flats?
No. The approval covers the 103 flats that remained unsold as of 12 September 2023. The other 51 flats had already been sold and handed over.
Can a person renting one of these flats later buy it?
Yes. The Tamil Nadu Housing Board may sell the flat if the rental allottee wishes to take it under outright purchase, subject to the current financial year's rate and the Board's allotment policy.
How will the 103 rental flats be allotted?
G.O.(Ms.)No.20 dated 24 January 2024 states that the 103 unsold flats may be allotted under the Public Quota.
How much car parking is available in the development?
The document records 20 covered and 57 open car parking spaces, a total of 77 spaces for 154 flats. It also states that the 51 existing allottees took over their flats without car parking allotment.
