According to the law, all buildings must be built according to the permitted plans. Moreover, no violations and deviations must occur. What is the significance of the completion certificate is that it signifies the builder has built the building as per the permitted blueprint.
According to a real estate consultant, he states that buildings must obtain a certification stating that they have been built in agreement of building permit, planning permit as well as other applicable laws. Besides, water connection, electricity and occupancy must be provisional on such kind of a certificate.
It has been found that developers many a times, produce the completion certificate to announce the past installment of the loan from banks.However, what happens is that buyers after some point of time sometimes find themselves in a strange condition when they find inconsistencies in the completion of building.
According to a resident of Chennai, he states that his builder had produced completion certificate well ahead of the release of the last payment of loan amount in the absence of carpentry works and even tiling. It was also found that the loan was released by bank and the letter duly accepted by them. However, the developer later slowed down the work and they had to literally request him to finish the work.
In order to make sure the owner has built the building as per the approved plan, the issuance of Completion Certificate (CC) is a must. The significance of occupancy certificate is such that in the absence of this certificate, it is extremely tough to get the water, sanitary connection and electricity. The Bureau of Indian Standards has formulated the National Building Code (NBC) 2005. It has expressed new guidelines for municipal administrators, acceptance by structure departments, private agencies and public bodies.
Why CC is important and required?
It is a must on part of the owner to build the building as per permitted plan thus making sure there are violations and non conformity. When the Completion Certificate is issued, it makes sure that the owner has raised the building according to the permitted proposal.
Moreover, effective from the date of completion of the building the building will be evaluated for property tax.
Apart from this, effective from date of completion of the building the water rate will be converted into domestic from non-domestic.
According to a real estate consultant, he states that buildings must obtain a certification stating that they have been built in agreement of building permit, planning permit as well as other applicable laws. Besides, water connection, electricity and occupancy must be provisional on such kind of a certificate.
It has been found that developers many a times, produce the completion certificate to announce the past installment of the loan from banks.However, what happens is that buyers after some point of time sometimes find themselves in a strange condition when they find inconsistencies in the completion of building.
According to a resident of Chennai, he states that his builder had produced completion certificate well ahead of the release of the last payment of loan amount in the absence of carpentry works and even tiling. It was also found that the loan was released by bank and the letter duly accepted by them. However, the developer later slowed down the work and they had to literally request him to finish the work.
In order to make sure the owner has built the building as per the approved plan, the issuance of Completion Certificate (CC) is a must. The significance of occupancy certificate is such that in the absence of this certificate, it is extremely tough to get the water, sanitary connection and electricity. The Bureau of Indian Standards has formulated the National Building Code (NBC) 2005. It has expressed new guidelines for municipal administrators, acceptance by structure departments, private agencies and public bodies.
Why CC is important and required?
It is a must on part of the owner to build the building as per permitted plan thus making sure there are violations and non conformity. When the Completion Certificate is issued, it makes sure that the owner has raised the building according to the permitted proposal.
Moreover, effective from the date of completion of the building the building will be evaluated for property tax.
Apart from this, effective from date of completion of the building the water rate will be converted into domestic from non-domestic.
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