Buying property in Chennai as an NRI is a rewarding investment, but it requires careful planning and adherence to Indian legal and financial regulations. This step-by-step guide walks you through the entire process—from shortlisting a property to final registration—ensuring a smooth, transparent, and secure experience.
Before you start, clarify your objectives:
Are you buying for self-use, rental income, or long-term investment?
What is your preferred property type - apartment, villa, or plot?
What is your budget and preferred location in Chennai?
For insights, see why NRIs invest in Chennai real estate.
Research properties that match your needs.
Browse properties in Chennai for sale and flats in OMR for sale.
Ensure the project is registered with TNRERA.
Check the builder’s reputation and delivery record.
For more on property types, visit types of properties NRIs can buy in India.
Legal verification is crucial for a secure investment.
Obtain and review the title deed, encumbrance certificate, and approvals from local authorities.
Confirm RERA registration and compliance with Tamil Nadu RERA.
If you cannot be present in India, appoint a trusted person with a registered Power of Attorney (POA).
See our legal & regulatory guide for NRIs for details.
NRIs must use legitimate banking channels:
Open an NRE, NRO, or FCNR account with an authorised Indian bank.
Transfer funds through these accounts or apply for an NRI home loan.
Keep all remittance documents for future reference.
For more, read NRI financial guide: funding, banking & home loans.
Once you select a property:
Negotiate and agree on the sale price and payment schedule.
Sign a detailed sale agreement, mentioning all terms, payment timelines, and possession date.
Pay the booking amount as per the agreement.
Review 5 important points before signing sale & construction agreements.
Register the property at the Sub-Registrar’s office in Chennai.
Pay applicable stamp duty and registration charges as per Tamil Nadu government rules.
Ensure all payments are made through your NRI bank account for compliance.
Conduct a final inspection of the property.
Obtain possession letter and all original documents from the builder.
Update property records with local authorities.
For ready-to-move options, see flats in Chennai for sale.
Update your ownership with the local municipal authority.
If you plan to rent out the property, declare rental income in India and pay applicable taxes.
For resale or repatriation, follow NRI taxation guide and repatriation & inheritance guide.
A step-by-step visual roadmap guiding NRIs through the property buying process in Chennai.
For a quick summary, download our NRI property buying checklist for Chennai.
Can NRIs buy agricultural land in Chennai?
No, NRIs are not permitted to buy agricultural land, plantation property, or farmhouses in India, but these can be inherited.
Is physical presence required for registration?
No, you can appoint a POA holder to complete the process on your behalf.
What documents are mandatory?
Passport, PAN card, valid visa, POA (if applicable), NRE/NRO account details, and all property documents.
Find more answers in our NRI FAQs & practical tools.
NRI Property Buying Guide: Chennai Investment Trends, New Rules & Smart Tips
Home Buying Myths Busted: What Every Buyer Needs to Know
For personalised support at every stage of your property purchase, contact DRA Homes. Our team is committed to making your NRI investment in Chennai seamless and secure.
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