This paper reports on the results of a land market assessment conducted in the Chennai Metropolitan Area in India. It provides detailed spatially disaggregated information on land use, population, and housing and land values for the metropolitan area. The assessment was a joint effort of the World Bank, the Chennai Metropolitan Development Authority (CMDA) and the Department of Geography at the University of Madras. The study was initiated in June 2003, and the underlying methodology and approach is provided by Dowall (1995).1 The CMDA was responsible for compiling detailed archival land-use information for the metropolitan area for 1971, 1981, and 1991. In addition, the CMDA interpreted IKONOS satellite images for 2001. The CMDA also built the socio-economic and housing database, linking together information on population, households and dwelling units from Government of India Censuses for 1971, 1981, 1991 and 2001. The University of Madras\u2019s Department of Geography was responsible for carrying out the extensive surveys of real estate brokers in the metropolitan area. A total of 688 observations were tallied on various types of residential and industrial land prices.
This paper adds to the growing research literature on urban land and housing markets in India.2 Over the past five years, detailed studies have been carried out on urban land market dynamics in Mumbai, Bangalore and Delhi. Taken together, these studies provide detailed assessments of urban land development and explore the various effects of urban planning and development control regulation on the spatial development of India\u2019s leading urban regions. Most of these studies have been focused on policy rather than an assessment of the market from data on land values, so this paper presents something new.
CHENNAI: To prevent encroachment of Open Space Reservation (OSR) land owing to delay in their development by local bodies, the state government may opt to go the Maharashtra way by giving incentives to builders to develop it before transferring the land.
Historically, the region was part of the Chola, Pandya, Pallava and Vijayanagara kingdoms during various eras. The coastal land which then contained the fishing village Madrasapattinam, was purchased by the British East India Company from the Nayak ruler Chennapa Nayaka in the 17th century. The British garrison established the Madras city, port and built Fort St. George, the first British fortress in India and made the city as the winter capital of the Madras Presidency, a colonial province of the British Raj in the Indian subcontinent. After India gained its independence in 1947, Madras continued as the capital city of the Madras State and present-day Tamil Nadu. The city was officially renamed as Chennai in 1996.
The Portuguese arrived in 1522 and built a port named São Tomé after the Christian apostle, St. Thomas, who is believed to have preached in the area between 52 and 70 CE. In 1612, the Dutch established themselves near Pulicat, north of Chennai[18] On 20 August 1639, Francis Day of the British East India Company along with the Nayak of Kalahasti Chennappa Nayaka met with the Vijayanager Emperor Peda Venkata Raya at Chandragiri and obtained a grant for land on the Coromandel coast on which the company could build a factory and warehouse for their trading activities.[26] On 22 August, he secured the grant for a strip of land about 10 km (6 mi) long and 1.6 km (1 mi) inland in return for a yearly sum of five hundred lakh pagodas.[27][28] The region was then formerly a fishing village known as "Madraspatnam".[18] A year later, the company built Fort St. George, the first major English settlement in India, which became the nucleus of the growing colonial city and urban Chennai.[29][30]
The city became a major naval base and became the central administrative center for the British in South India.[35] The city served as the baseline for the Great Trigonometrical Survey of India started on 10 April 1802.[36] With the advent of railways in India in the 19th century, the city was connected to other cities such as Bombay and Calcutta, promoting increased communication and trade with the hinterland.[37]
A protected estuary on the Adyar forms a natural habitat for several species of birds and animals.[74] Chennai is also a popular city for birding with more than 130 recorded species of birds have been recorded in the city.[75] Marshy wetlands such as Pallikaranai and lakes also host a number of migratory birds during the monsoon and winter.[76] The southern stretch of Chennai's coast from Tiruvanmiyur to Neelangarai are favored by the endangered olive ridley sea turtles to lay eggs every winter.[77] Guindy National Park is a protected area within the city limits and wildlife conservation and research activities take place at Arignar Anna Zoological Park.[78] Madras Crocodile Bank Trust is a herpetology research station, located 40 km (25 mi) south of Chennai.[79] The city's tree cover is estimated to be around 64.06 square kilometres (24.73 sq mi) with 121 species belonging to 94 genera and 42 families and copper pod, Indian beech and Neem being the major species.[80] Chennai with a coastline and its water bodies houses a number of fresh water, salt water fishes and marine organisms.[81][82]
Chennai had many lakes spread across the city but urbanization has led to the shrinkage of water bodies and wetlands.[83][84] The number of wetlands in the city has decreased from 650 in 1970 to 27 in 2015.[85] Nearly half of the native plant species in the city's wetlands have disappeared with only 25 percent of the erstwhile area covered with aquatic plants still viable.[86] Adyar and Cooum rivers are heavily polluted with effluents and waste from domestic and commercial sources.[87][88] The encroachment of urban development on wetlands has hampered the sustainability of water bodies and was a contributor to the floods in 2015 and 2023 and water scarcity crisis in 2019.[89][90]
Gothic revival style buildings include the Chennai Central and Chennai Egmore railway stations. The Santhome Church, which was originally built by the Portuguese in 1523 and is believed to house the remains of the apostle St. Thomas, was rebuilt in 1893 in neo-Gothic style.[176] By the early 20th century, the art deco made its entry upon the city's urban landscape with buildings in George Town including the United India building (presently housing LIC) and the Burma Shell building (presently the Chennai House), both built in the 1930s, and the Dare House, built in 1940 examples of this architecture.[177] After Independence, the city witnessed a rise in the Modernism and the completion of the LIC Building in 1959, the tallest building in the country at that time marked the transition from lime-and-brick construction to concrete columns.[178]
The city generates 4,500 tonnes of garbage every day of which 429 tonnes are plastic waste.[257] The Corporation of Chennai undertakes garbage collection and processing with collection in some of the wards contracted to private companies.[258][259] As of 2023[update], an average of 150 tonnes of garbage disposal is done in two landfill sites at Kodungaiyur and Pallikaranai daily.[260][261] In market and business areas, the conservancy work is done during the night.[262] As of 2022[update], there are public toilets in 943 locations, managed by the city corporation.[263]
Chennai is one of four Indian cities connected by undersea fibre-optic cables and is the landing point of SMW4 (connecting with Europe, Middle East and Southeast Asia), i2i and TIC (connecting with Singapore), BBG (connecting with Middle East, Southeast Asia and Sri Lanka), Gulf Bridge International (connecting with Middle East), and BRICS (connecting with Brazil, Russia, China and South Africa) with 3,175 kilometres (1,973 mi) long i2i having the world's largest design capacity of 8.4 terabits per second.[264][265][266] As of 2023[update], four mobile phone service companies operate GSM networks including Bharti Airtel, BSNL, Vodafone Idea and Reliance Jio offering 4G and 5G mobile services.[267][268] Wireline and broadband services are offered by five major operators and other smaller local operators.[268] Chennai is amongst the cities with a high internet usage and penetration.[269] As of 2022[update], the city had the highest average broadband speed among Indian cities, with a recorded download speed of 32.67 Mbit/s.[270]
The aviation history of the city began in 1910, when Giacomo D'Angelis built the first powered flight in Asia and tested it in Island Grounds.[304] In 1915, Tata Air Mail started an airmail service between Karachi and Madras marking the beginning of civil aviation in India.[305] In March 1930, a discussion initiated by pilot G. Vlasto led to the founding of Madras Flying Club.[306][307] On 15 October 1932, J. R. D. Tata flew a Puss Moth aircraft carrying air mail from Karachi to Bombay's Juhu Airstrip and the flight was continued to Madras piloted by aviator Nevill Vintcent marking the first scheduled commercial flight.[308][309] The city is served by Chennai International Airport located in Tirusulam, around 20 kilometres (12 mi) southwest of the city center.[310] It is the fourth-busiest airport in India in terms of passenger traffic and cargo handled.[311] While the existing airport is undergoing expansion with an addition of 1,069.99 acres (433.01 ha), a new greenfield airport has been proposed to handle additional traffic.[312]
DTCP Approval of plots is the surety that the land is legally sellable & the ownership of that land will provide legal documentation that is complete and verified by the governing authority of Tamil Nadu. The advantage of DTCP approved plots is that it is allotted an identification number once approved, which can be cross verified before buying a plot, thus eliminating any chance of counterfeit deals. All G Square projects and plots are DTCP approved.
Residential properties in Chennai levy a 7% stamp duty on the market value of the land and 1% registration charges on the same. This is a standard value fixed by the government. For any further assistance while buying residential properties in Chennai, you can contact us or visit our website.
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