Covai Property Centre (India) Private Limited
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Shenbhagam Estates
Shenbhagam
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Cost & Payment Schedule

Shenbhagam Estates comes to you at an affordable cost and with a payment schedule that is spread over the construction duration of the villas and the project. The cost details are given below:

 
SL.NO
TYPES OF VILLAS
PLOT SIZE (SQ.FT)
PLINTH AREA (SQ.FT)
DIRECTION FACING
PORTICO
REMARKS
1
1
2250
1129
EAST
NO
TWO BEDROOM
2
1A
1925
1047
EAST
NO
TWO BEDROOM
3
1B
2100
1056
EAST
NO
TWO BEDROOM
4
2
1950
970
WEST
NO
TWO BEDROOM
5
2A
1925
1072
WEST
NO
TWO BEDROOM
6
2B
2100
1082
WEST
NO
TWO BEDROOM
7
3
1800
955
NORTH
NO
TWO BEDROOM
8
3A
2100
1197
NORTH
YES
TWO BEDROOM
9
3B
2400
1432
NORTH
YES
TWO BEDROOM
10
3C
2400
1433
NORTH
YES
TWO BEDROOM
11
4
1650
862
SOUTH
YES
TWO BEDROOM
12
4A
1925
1022
SOUTH
NO
TWO BEDROOM
 

Note:

  • Cost given above includes cost of land, villa, infrastructure, amenities and for the Technical Specifications spelt out
  • Cost is subject to change
  • Registration cost (Stamp Duty), Plan Approval, Electricity connection (Three Phase), House Tax assessment, Siruvani water charges will be additional and will be spelt out in the Offer Letter and also included in the Agreement to be signed
  • Statutory Taxes like Sales and Service Tax will be additional and will be required to be paid proportionately along with each installment
  • Changes in Specifications/design will incur additional cost which will be intimated before signing of Agreement
  • Cost mentioned above is for the land area and plinth area of the villa as shown above. Changes in areas of land and the plinth area of the villa will entail payment of additional amount which will be intimated in our Offer Letter
  • All additional costs are to be paid along with the final installment
  • There shall be NO escalation in cost after signing of Agreement
  • Plots in Exclusive Area will cost Rs one lac per plot additional
PAYMENT SCHEDULE
Payment is spread over the duration of construction. The Payment Schedule is as follows:
Booking amount
30% of the cost
At the time of Registration
Regn.charges + Corpus Fund
On commencement of brickwork
Above basement
30%
On commencement of plastering
25%
On commencement of flooring
12%
On completion
03%

Note:

  • All payment are to be made in favour of Covai Property Centre (India) Pvt Ltd
  • Cost above includes cost of land, villa, infrastructure and amenities
  • Sales Tax and Service Tax as per rules will be additional and payable with each instalment notice.
  • Registration/stamp duty for land cost will be extra
  • One Time Corpus Fund of Rs.30,000/-per plot to be paid at the time of registration
  • Following costs will be additional and will be payable on completion and delivery of the Villa.
    • House Tax Assessment and Payment of House Tax For 6 months - Rs. 15,000/-
    • TNEB connection/Deposit for 3 Phase connection Charges - Rs. 25,000/-
    • Siruvani Water advance - Rs.20,000/-
    • Plan approval charges - Rs. 20,000/-
  • Except for Corpus Fund, all other amounts shown are approximate. Exact amount will be indicated in due course

Housing Finance:

The project is approved by the Director of Town and Country Planning, Chennai vide Approval NO 123/2006. You are eligible to take housing loans from leading Housing Finance Companies and banks subject to eligibility criteria. We shall provide all necessary assistance in processing of loan applications of those who are eligible for housing loans

Would you like to be part of Shenbhagam Estates?

Shenbhagam Estates offers a structured community life with best of infrastructure and amenities as well as freedom to enjoy life that you so richly deserve. It offers you the services that you look forward to and a quality of life that is beyond compare.

Shenbhagam Estates is meant for your life after retirement. It offers you an avenue to invest for your future when your children go away to lead their lives as they are destined to. Life in Shenbhagam Estates comes to you with the fragrance of comfort and freedom that you look forward to.

If you want to be part of this exclusive community or if you want your parents to be looked after in your absence and enjoy life, please contact us for further details at the address given below or send us an e mail for details (CLICK HERE) :

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