LexNovaLegal Associates
Real Estate Legal Services in Chennai
Transaction and development support for buyers, owners, landlords and developers.
This practice covers the transactional and development side of real estate: acquisition and sale, joint development, leasing, financing documentation and the regulatory approvals that sit alongside them. Where the matter is a personal purchase or a family property issue, our property law page is the better starting point.
Every engagement begins with the records, because in Tamil Nadu the difference between a clean deal and a decade of litigation is almost always visible in the documents before signing. Our office is at No. 1 Karaneeswarar Koil Street, Saidapet, Chennai 600015, and we act for clients across Tamil Nadu and, on Indian-law matters, for clients based outside India.
What this covers
Transaction and development support for buyers, owners, landlords and developers.
Acquisition support
Due diligence, term sheets, sale agreements, deeds and registration.
Joint development
Joint development and area-sharing agreements, Power of Attorney and supplementary documentation.
Leasing
Commercial, retail and industrial leases, licence agreements and lock-in and exit terms.
Regulatory
Planning permission, land use, RERA-related advice and revenue record matters.
Financing
Mortgage documentation, security creation and lender title requirements.
Disputes
Possession, specific performance, cancellation and injunction proceedings.
Who we act for
- Companies acquiring or leasing premises in Chennai
- Landowners entering joint development
- Developers and builders documenting projects and sales
- Landlords and corporate tenants
- Lenders requiring title comfort
How the engagement runs
Every matter is scoped and priced in writing before work begins.
1. Scope and records
Identify the property, obtain the documents and revenue records, and confirm what the deal requires.
2. Diligence
Title, encumbrance, approvals, litigation and physical-possession checks, reported in writing.
3. Documentation
Term sheet, principal agreement and ancillary documents drafted and negotiated.
4. Completion
Stamp duty, registration and, where applicable, security creation.
5. Post-completion
Mutation, filings and a schedule of continuing obligations.
What to bring to the first consultation
Not every item is needed on day one — bring what you have, and we will tell you what else to obtain.
- Title deeds and parent documents
- Encumbrance certificate and revenue records
- Approved plan, planning permission and completion or occupancy certificate
- Existing leases, licences or occupancy arrangements
- Details of any loan, mortgage or charge on the property
Frequently asked questions
- What should a commercial lease include beyond rent and term?
- Escalation, lock-in and exit rights, deposit and its refund mechanics, maintenance and outgoings, fit-out rights, subletting and assignment, and the consequences of delay in handover.
- What is checked before a joint development agreement?
- Title and possession, the landowner's authority, encumbrances, land use and approvals, and the sharing, timeline and default mechanics between the parties.
- Does a project need to be RERA registered?
- Registration requirements depend on project size and the applicable state rules. We advise on whether a specific project falls within them and what the disclosure obligations are.
- Who bears stamp duty and registration charges?
- This is a matter of agreement between the parties, though statutory liability attaches to the instrument. The position should be recorded expressly in the agreement.
Related pages: Real estate & property law · Property lawyer in Chennai · Due diligence · NRI legal services in Chennai
Discuss your matter with LexNova Legal Associates
Speak with a lawyer in Saidapet, Chennai. Consultations are available in person, by telephone, by video call or on WhatsApp, Monday to Saturday, 9.30 am to 6.30 pm IST.