Can I sell my flat which is three yeas old..?

Question

There is a new rule in India > Chennai Govt that we cannot sell the property within three years...Is this true..?

Answer 1

there is no such rule for flats in chennai.

earlier in housing board allotted plots there was a rule not to sell it for 5 years from the date of allotment by tamil nadu housing board.

there was also a rule in housing board that if allottee is not constructing house within 10 years of allotment of plot, it will be taken back by housing board. this rule was there to have full development in 10 years.

Answer 2

false you told,false u heard,true i will bye your flat(true)

Answer 3

Hi,

i don't know. but it should not be. as per my knowledge people daily buying and selling property in india.

Answer 4

no, there is no such rule, buy today and sell tomoroww. But if it is a flat built by the government agency and given to  economically weeker section and that too on subsidised rate, then there can be acondition. but for private property no such condition exists any where inIndia