Cooperative Housing

ORIGIN OF THE DEPARTMENT

The Cooperative Housing Department was established as a separate wing in Tamil Nadu Housing Board under the control of Joint Registrar of Cooperative Societies as per G.O.Ms.No.533, Housing and Urban Development Department Dated:19.03.1979. From 01.09.1979 the Department was separated and converted as Cooperative Housing Department and is being headed by Registrar of Cooperative Societies (Housing) in the cadre of Additional Registrar.

COOPERATIVE HOUSING SOCIETIES

It is motto and policy of the Government to provide a house for each family in Tamil Nadu. The Cooperative Housing Societies play an important role in achieving the above object. There are 619 Urban Cooperative Housing Societies and 197 Taluk Cooperative Housing Societies and along with a state level Apex Body namely Tamil Nadu Cooperative Housing Federation Limited, Chennai-7 are functioning to cater the Housing needs of the members in Urban and Rural areas.
The main objectives of these Cooperative Housing Societies are:

  • To advance loan to members for construction of new houses.
  • To buy or acquire lands, layout them as developed house sites for distribution amongst the members.
  • To construct or cause to construct buildings or other works of common utility and maintain them properly for the well being of the members.
  • To implement all the new schemes announced by the Government from time to time.

PARTICULARS OF ORGANISATION, FUNCTIONS AND DUTIES OF ORGANISATION:

The Registrar of Cooperative Societies (Housing) heads the Cooperative Housing Department. The Joint Registrar of Cooperative Societies (Housing) (Inspection) and Deputy Registrar/Personal Assistant to Registrar of Cooperative Societies (Housing) are assisting Registrar of Cooperative Societies (Housing) at head quarters. At the District levels, 11 Regions i.e., Chennai, Chengalpattu, Vellore, Cuddalore, Trichy, Thanjavur, Madurai, Salem, Coimbatore, Tirunelveli and Virudhunagar are functioning under the control of Deputy Registrar (Housing) of concerned Region, Cooperative Sub Registrar and Senior Inspectors assisting them for organization of Housing Societies and inspecting them for better promotion.

REGISTRAR OF COOPERATIVE SOCIETIES (HOUSING)
Thiru.M.RAJASEKAR, M.Com.,B.L.,M.B.A., CAIIB., HDC.,
Additional Registrar

SCHEMES IMPLEMENTED THROUGH COOPERATIVE HOUSING SOCIETIES

  • Rural Housing Scheme for Economically Weaker Sections.
  • Special Housing Scheme for Economically Weaker Sections in Urbanareas.
  • LIG/MIG Schemes in Rural areas
  • Urban Housing Schemes
  • Valmiki Ambedkar Awas Yojana (VAMBAY) Scheme
  • Repairs and Renewal of existing houses.
  • Implementation of Housing Layout Schemes

TAMILNADU COOPERATIVE HOUSING FEDERATION

As an apex level body for the housing cooperative societies in the State, the Tamilnadu Cooperative Housing Federation mobilise finances for construction of dwelling units for the members of the affiliated Housing Cooperative Societies in the State. The resources for Housing Finance for State Cooperative Housing Federation flow from Government, LIC, Housing and Urban Development Corporation, National Housing Bank, Housing Development Finance Corporation, Commercial and Cooperative Banks with and without Government guarantee.

Since inception, the Federation has provided financial assistance to the tune of Rs. 4752.88 Crores upto to the end of 31.08.2009 for the construction of 11,64,434 houses in the State. The Tamil Nadu Cooperative Housing Federation limited has been adjudged the best at national level in providing housing finance. The Federation has not issued any fresh loans with effect from 1,9,2009 as per GO.No.154, Housing and Urban Development Department, dated 1.9.2009.

Sl. No. Name of the scheme House constructed as on 31.3.2013 Loan issued (Rs. in Crores)
1 EWS Rural Housing Scheme 6,27,108 413.25
2 EWS Urban Housing Scheme 28,088 68.33
3 LIG & MIG Scheme in rural areas 89,008 532.26
4 Urban Housing Scheme 3,12,023 3052.60
5 Samathuvapuram Scheme 8,257 7.73
6 VAMBAY Scheme 7,408 27.90
7 Repairs and Renewal Scheme 59,147 52.06
8 Mortgage loan 6,919 165.32
Total 11,37,958 4,319.45

PROJECTION FOR 2013-2014

The Federation was not in a position to provide fresh loans since 1.9.2009 due to the Ban of the Government in G.O.No.154 Housing and Urban Development Department, dated 1.9.2009. However, the above loan has been lifted by the Government as per G.O.No.123, Housing and Urban Development (HCS 1) Department, dated 5.6.2013. Therefore, It is proposed to provide finance for construction of new houses through housing Cooperatives to the tune of Rs. 100.00 Crores during the year 2013-2014 as below:

  Units (Rs. in crores)
Urban Housing Scheme 6000 100.00
Total 6000 100.00

LOAN DETAILS

SCHEME INCOME MAXIMUM LOAN MAXIMUM SQFT
EWS Up to Rs. 8300/- Up to Rs.2,50,000 /- 35 sqm or 377 sqft
LIG Rs 8301 to Rs.21000 Up to Rs.5,00,000 /- 55 sqm or 592 sqft
MIG Rs 21001 to Rs.42000 Up to Rs.7,50,000 /- 95 sqm or 1022 sqft
HIG Rs 42001 and above Up to Rs.10,00,000 /- 190 sqm or 2000 sqft
NEW HOUSE / PURCHASE OF FLAT Rs 42001 and above Up to Rs.25,00,000 /- ---
Cash credit for construction materials and Jewel loan for Rs.2 Crores (Maximum)

RATE OF INTEREST – 14%

Interest Calculation: Monthly rest - Simple Interest
Penal Interest: 1% more than the normal rate of interest with respect to the portion of defaulted amount.

METHOD OF CALCULATION:

Interest Principal –(if any) Overdues principal X Rate of interest X days
36500
Overdue interest Overdue principal + Overdue interest X Rate of Interest X days
36500
Penal Interest Overdue principal + Overdue interest X 1% X days
365000

NOTE:

The rate of interest charged is subject to change periodically and loan disbursement is also subject to availability of funds with Federation/The society concerned.

THE NAMES AND DESIGNATION AND OTHER PARTICULARS OF THE P.I.O. AND APPELLATE (HEAD OFFICE)

S.No Name of the Office
/Unit
Designation under the Act Name Designation STD Code Phone No. Fax Office Address
1 O/O Registrar (Housing) 1. P.I.O.
2.Appellate
R. Ravi
M. Rajasekar
Deputy Registrar/
PA to Rcs(Hg)
Addl. Registrar/
RCS(Housing)
044
044
24351332
24350540
24341270 TNHB Complex,
No.493, AnnaSalai
Nandanam, Chennai – 35.
2 Tamil Nadu Coop. Housing Federation, Chennai 1. P.I.O.
2.Appellate
G.R.Vasudevan S.A.Manimaran GM (Admin)
Managing Director
044 25321639 26425646 48, Ritherdon Road, Vepery, Chennai-7