Provided they pay outstanding principal dues before March 27

The Tamil Nadu Government has announced waiver of penal interest on the monthly instalment of the outstanding principal dues and the interest for five months for every year on the difference in land cost (between the original land cost paid and the final cost) to be paid by the allottees of the houses, house sites and flats of the Tamil Nadu Housing Board (TNHB), Vellore Housing Unit (except Vellore Phase-5) who have not obtained their sale deeds so far, provided they pay their outstanding principal dues before March 27, 2013.

According to a release from the Executive Engineer-cum-Administrative Officer of the Vellore Housing Unit of TNHB, as per the government order, the allottees could avail of the concession and obtain their sale deeds if they pay their dues either in a single instalment or in three instalments (with special interest of 10.50% on their outstanding dues) before March 27, 2013.

The TNHB has requested the allottees, who have not so far obtained their sale deeds to avail the opportunity, pay their dues and obtain their sale deeds.

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