In a major relief for housing scheme allottees, the Tamil Nadu Housing Board has announced a special concession for those with long-pending dues. The announcement was made by Thanjavur District Collector Mr. P. Brindhanka Pankajam, I.A.S.
According to the notification, allottees of houses, flats, and plots under Tamil Nadu Housing Board schemes — where the final cost was fixed before March 31, 2015 — can now clear their outstanding payments with significant benefits.
Allottees who pay their pending dues in full (one-time payment) will receive a 100% waiver of penal interest.
Any interest charged on penal interest will also be completely waived.
On the balance dues (particularly the final installment amount), only a reduced interest of 5% per year will be applicable.
This special scheme will be available until March 31, 2026.
No extension will be granted beyond this date.
Eligible allottees must clear their dues in one lump sum within the given period to avail the concession.
The District Collector has urged all eligible beneficiaries to utilize this opportunity without delay. Beneficiaries are advised to approach the Thanjavur Housing Unit Office to settle their dues and secure the necessary clearance documents.
This initiative is expected to benefit many long-pending allottees by easing their financial burden and encouraging early settlement of dues.