FAQ

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1. As Buyer do I have to pay any to you ?
   No, you don't have to pay for our online service at www.ChennaiBuilders.info. But even we provide our premium property consulting services. Which is applicable of Charges.
    
2. Will you help us to find a right flat ?
   Yes, ChennaiBuilders.info is designed in such a way to help you find a right flat with all your specific requirement with the help of our user friendly search option.
   if you are looking for personal assistance from our expertise. We do provide premium property consulting services. Which is applicable of consulting Charges.
    
3. In what all way you will help us ?
   Complete information about building projects happening in and around Chennai @ ChennaiBuilders.info and Premium Property Consulting services on demand.
    
4. Are you dealing with only Flats ?
   Yes, Even we are the one and only local search engine fully dedicated for flats Buyers & Builders in and around Chennai.
    
5. Are you dealing only Residential Flats ?
   Yes, we deal only with residential flats.
    
6. Will you help to find Plot for me ?
   Please the check answer for Qus No.2
    
7. How unique your service ?
   ChennaiBuilders.info deals only flats in and around Chennai. So, flat information provided in ChennaiBuilders.info are hand picked based on post requirements enquiry of our viewers.
    
8. I have some customised requirement, whom do I have to contact ?
   You can apply for our premium property consulting services. Through which you can customis your requirement. And our expert team will find you a right flat which will fulfill all your requirements.
    
9. What should a purchaser keep in mind while purchasing a residential flat?
   1. Some important points to keep in mind while buying the flat:
   2. Locality – Proximity to workplace, educational institutions, hospitals, shopping areas, entertainment centres, transportation, pollution levels.
   3. Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area
   4. Car parking space
   5. Quality of construction
   6. Reputation of the builder or seller
   7. Sufficient water and electric supply, other utilities
   8. Cost components: price, stamp duty, registration charges, transfer fees, maintenance charges, any other payments
   9. Appreciation of the property for resale and rental.
   10. Any other distinguishing features or advantages of the property
        
10. On what basis is the amount of the home loan decided? or on what basis a capacity of a person to repay the loan is evaluated ?
    1. The amount of the loan for each individual depends on the following factors:-
    2. An Indian resident or NRI
    3. The income of the family applying for the loan.
    4. Above 21 years of the age at the commencement of the loan.
    5. Below 65 years when loan matures.
    6. Number of dependants.
    7. Qualifications.
    8. Assets and liabilities.
    9. Either salaried or self employed
        
11. What are the types of loans available depending on the interest charged?
    1. Most Housing Finance Companies offer the fixed rate as well as the adjustable rate (Variable – Floating rate) home loan to customers
    2. Fixed rate: where the rate of interest charged by the HFC on the loan is constant over the tenure of the loan.
    3. Variable rate: Commonly known as Floating Rate, where the rate of interest charged by the HFC on the loan keeps changing with respect to the rates in the market over the tenure of the loan.
       What is an EMI?
        
12. EMI
    Equated Monthly Installments, is the amount payable to the Housing Finance Institution every month, till the loan is paid back in full, comprising of portion of interest and principal. EMI is to be paid every month through post dated cheques or through direct deductions from the salary.