Apartments have to get their โActโ together
A year since Tamil Nadu Apartment Ownership Rules 2024 prepared by the Housing and Urban Development Department came into effect, many apartment complexes in Chennai are yet to complete the process involving registration or renewal of association status.
Tamil Nadu Gazette dated September 24, 2024 requires owners of units in an apartment (starting from four-flat apartments to massive multiple-tower societies) to submit โForm-Aโ towards initial registration. It wants apartments with multiple blocks/towers in a compound to form a federation, and make bye-laws. Irrespective of the size the apartment, flat owners are required to appoint an auditor, submit audited accounts and balance…