G.O. (Ms.) No.25, Additional House Building Advance under Own Your Housing Scheme, 2021
The Housing and Urban Development (HBA.) Department issued G.O. (Ms.) No.25 dated 02.02.2021, sanctioning an additional House Building Advance for eligible State Government employees and All India Service officers purchasing Tamil Nadu Housing Board flats under the Own Your Housing Scheme. The additional advance is Rs.10 lakhs for State Government employees and Rs.20 lakhs for All India Service officers, payable to the Tamil Nadu Housing Board towards the allottee officer's last instalment.
What the government order does
The Housing and Urban Development (HBA.) Department issued G.O. (Ms.) No.25 dated 02.02.2021 after considering requests from associations seeking benefits under the Tamil Nadu Housing Board's Own Your Housing Scheme. The Government accepted the requests and sanctioned an additional House Building Advance for specified government personnel purchasing flats under the scheme.
The document follows earlier government orders that implemented the Own Your Housing Scheme for government officials and employees in the Nerkundram Phase I scheme, amended the allotment guidelines and enhanced the general House Building Advance limits.
Who is affected
G.O. (Ms.) No.25 dated 02.02.2021 applies to:
- State Government employees who obtain House Building Advance under the enhanced rates.
- All India Service officers who obtain House Building Advance under the enhanced rates.
- Allottee officers purchasing Tamil Nadu Housing Board flats under the Own Your Housing Scheme.
The document does not extend the additional advance to private buyers or members of the general public.
Key financial provisions
The Housing and Urban Development (HBA.) Department sanctioned:
- An additional House Building Advance of Rs.10 lakhs for State Government employees.
- An additional House Building Advance of Rs.20 lakhs for All India Service officers.
- Payment of the additional amount directly to the Tamil Nadu Housing Board towards the last instalment payable by the allottee officer.
- Application of the same terms and conditions governing House Building Advance for officers using the enhanced rates.
The document records that an earlier order enhanced House Building Advance from Rs.25 lakhs to Rs.40 lakhs for State Government employees and from Rs.40 lakhs to Rs.60 lakhs for All India Service officers. G.O. (Ms.) No.25 separately sanctions the additional amounts connected with the Own Your Housing Scheme.
Administration and payment accounting
G.O. (Ms.) No.25 dated 02.02.2021 states that the account heads for the loan outgo and the Tamil Nadu Housing Board's remittance will be indicated when required. The Finance Department concurred with the sanction before the order was issued.
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
Can a private buyer claim the additional House Building Advance?
No. The document sanctions the additional advance only for State Government employees and All India Service officers using House Building Advance under the enhanced rates.
How much additional advance is available under the Own Your Housing Scheme?
The additional advance is Rs.10 lakhs for State Government employees and Rs.20 lakhs for All India Service officers.
Will the additional amount be paid directly to the employee or officer?
The document states that the amount shall be paid to the Tamil Nadu Housing Board towards the last instalment payable by the allottee officer.
Do different conditions apply to this additional advance?
The additional advance is subject to the same terms and conditions of House Building Advance that apply to officers using the enhanced rates.
