Official guidance, Tamil Nadu land law
G.O. (Ms.) No. 194, Interest Waiver for Tamil Nadu Housing Board Allottees, 2022
The Government of Tamil Nadu, Housing and Urban Development Department, issued G.O. (Ms.) No. 194 on 4 November 2022, authorising the Tamil Nadu Housing Board to provide an interest waiver to 14,563 house, plot and flat allottees who had not obtained sale deeds because of outstanding dues and interest. The scheme was to be funded by the Tamil Nadu Housing Board without financial assistance from the government, and eligible allottees were given six months from the date of the order to pay their dues.
What the government order does
The Government of Tamil Nadu, Housing and Urban Development Department, issued G.O. (Ms.) No. 194 on 4 November 2022. It permits the Tamil Nadu Housing Board to implement an interest waiver scheme for allottees who had completed their monthly instalment period but had not obtained sale deeds because of the interest burden.
The scheme was expected to involve an interest waiver of approximately Rs.53 crore. The Tamil Nadu Housing Board was required to implement it without seeking financial assistance from the government.
Who is affected
G.O. (Ms.) No. 194 applies to 14,563 Tamil Nadu Housing Board allottees who received houses, plots or flats under Board schemes but had not obtained sale deeds. The Board reported that economic difficulties and the coronavirus outbreak had affected allottees' ability to pay the full interest amount.
The document records 21,561 cases in which sale deeds were to be issued. Of these, 14,563 were cases where the monthly instalment period had ended but the sale deed remained pending.
Key provisions
Eligible Tamil Nadu Housing Board allottees were given the following payment choices:
- Pay the outstanding amount in one instalment within six months from 4 November 2022.
- Pay in three instalments within that period, with the prevailing simple interest applied to the outstanding principal.
- Use the interest waiver to clear the remaining liability and obtain the sale deed.
The Managing Director of the Tamil Nadu Housing Board was directed to take appropriate steps to ensure recovery of outstanding amounts from allottees using the concession.
Areas and financial impact
The cases listed in G.O. (Ms.) No. 194 cover 16 Tamil Nadu Housing Board divisions or schemes, including Anna Nagar, J.J. Nagar, K.K. Nagar, Besant Nagar, Erode, Salem, Vellore, Villupuram, Tiruchirappalli, Thanjavur, Madurai, Uchappatti Thoppur and Tirunelveli.
The table records Rs.23,618.5 lakh as the amount receivable in the relevant pending cases. After the interest waiver, the amount shown as receivable is Rs.18,308.84 lakh, with a reported loss to the Board of Rs.5,309.67 lakh.
Time limit shown in the document
G.O. (Ms.) No. 194 allowed six months from its issue date for payment. The supplied document does not mention an extension or a later application period.
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
Who was eligible for the Tamil Nadu Housing Board interest waiver?
The scheme covered 14,563 allottees of houses, plots or flats whose monthly instalment period had ended but who had not obtained sale deeds because of outstanding dues and interest.
Could an allottee pay the outstanding amount in instalments?
Yes. The document allowed payment either in one instalment or in three instalments within six months from 4 November 2022. The three instalment option carried the prevailing simple interest on the outstanding principal.
Is the interest waiver application period still open?
The document provides only a six month period from 4 November 2022. It does not mention any extension or later application period.
Would the Tamil Nadu government reimburse the Housing Board for the waiver?
No. Approval was given on the condition that the Tamil Nadu Housing Board would not seek financial assistance from the government for implementing the scheme.
