Tamil Nadu housing scheme, an initiative by the Government of Tamil Nadu came into effect from 1961. It was launched to cater to the high demand of housing in this area. Individuals can avail subsidised home loans under this Tamil Nadu Housing Board scheme after meeting its eligibility criteria.
Eligibility Criteria
  • Applicants are required to be a native and permanent resident of Tamil Nadu
  • Applicants should be above the age of 21 years.
  • Applicants should not have a house or plot purchased under any other government housing schemes.
Application Process
  1. Secure an application form for the scheme by approaching the Mofussil unit or your concerned city division by paying a minimal fee. You can also issue a demand draft under the name of the concerned executive engineer.
  2. Fill the form appropriately with accurate details.
  3. Along with submitting the form for TNHB, you have to pay an amount of Rs. 2 Lakh to secure your chosen plot.
The payment process of this affordable housing scheme is one of the essential things you should know about Tamil Nadu Housing Board Scheme.
  • You are required to pay 10% of the total amount as an advance.
  • 85% of the amount needs to be paid in equated monthly instalments.
  • Remaining 5% has to be paid as and when the property gets transferred to you.
The Tamil Nadu Housing scheme also allows applicants to withdraw the amount in case of cancelling the project. In such cases you can get the amount refunded in your account. Prospetive homeowners may refer to a home loan to fund the purchase. It is advisable to have such funds handy to avoid any delay on the purchase of the allocated housing.