EC-is it enough to know about the property

nabanitapain · Jul 31, 2008

Hi Friends,

Once I heard about it but I didnt pay heed thinking it may be like rumours...
Thanks for sharing it...
ITs an important info...

Shanvy · Aug 3, 2008

Nabanita,

You are welcome dear.

sivshankari · Sep 19, 2010

hi shanvy,

One of my friend asking me for EC, is it applicable for apartment flats also? then one more doubt now she was planning to buy 15yrs old 2BH flat in nandanam. what was the current sq ft rate. thanks in advance. waiting for ur reply.

shankari.

Shanvy · Sep 19, 2010

shankari,

i assume you are looking at what is a decent rate for selling the flat.

yes you can get a EC for the uds part of your flat. it will definitely reflect the present owner.. suppose you have a 900 sq.ft flat and the uds was 500 sq.ft, there will be information of the 500 out of the the x sq.ft..and the other details of who was the previous owner of theplot extra.. you have to take a ec from 15+ years to till date if the person you sell has to go for a loan.

nandanam which area...again do verify what is the rate of a flat currently. a second sale flat can attract good rate provided the construction is good, condition of the flat is good, the uds is good, car parking..too..but for a 15 year flat if the current rate is 7000 you have to park the rate at 6000/5750. this gives you a fair idea..