1

Sri

23.09.2017

K. Santhanam

Founder – SSM Institutions

Dear Staff & Friends,

Sub: Own your Home at SSM Nagar Housing Complex,

Perungalathur –1 BHK Flat (643 – 660 Sq. Ft. Saleable Area)

There are 504 – 1 BHK Flats spread over 9 Blocks – G + 3 Floors in the SSM

Nagar Housing Complex for sale. We wish to market the same to our known

friends with maximum possible discounted price under the “Pradhan Mantri

Awas Yojana (Home for all)” Scheme. The bank loan has to be availed from

State Bank of India, Tambaram Branch.

The calculation is as hereunder.

(Rs.)

1 Cost of the Flat - Special Offer : 20 00 000

Bank Margin - 10% to be paid by the Purchaser : 2 00 000

Bank Loan that can be availed : 18 00 000

2 Purchaser's Immediate Financial Commitment

Margin : 2 00 000

Registration and Stamp Duty Charges at 11% : 2 20 000

Maintenance Deposit at Rs. 25/- sq. ft. of saleable area : 16 500

E B Connection : 20 000

Total : 4 56 500

Note – Important:

Interest subsidy under “Pradhan Mantri Awas Yojana (Home for All) Scheme”

Total Family Annual Income

Total Family Monthly Income

Eligible Interest Subsidy

upto Rs. 6 Lakhs Rs. 50,000 Rs. 2,67,000

Rs. 6.01 - 12 Lakhs Rs. 50,001 - 1,00,000 Rs. 2,35,000

Rs. 12.01 - 18 Lakhs Rs. 1,00,001 - 1,50,000 Rs. 2,30,000

2

A Beneficiary Family will comprise husband, wife and unmarried children. An adult earning member (irrespective of marital status) can be treated as a separate household.

- The Husband/Wife should not own a concrete terraced house in their name (not applicable for own fund purchasers).

- The applicant should produce the following documents along with the

loan application.

Two passport size photo

Copy of Address proof

Copy of Pan card

Copy of office ID card – Front & Back

Latest 3 months pay slip

Latest 6 months salary bank Account Statement

Form 16 – For Last 2 years.

Current and Previous Employment proof / Offer Letter (If

current Employment is less than a year)

Existing loan details (if any)

- Required gross salary for Husband and Wife together to avail the loan

facility of Rs.18.00 Lakhs is Rs. 45,000 – 50,000 per month.

Additional Information:

- Approximate EMI - 20 years - Rs.13,554/-

- Anticipated Current Monthly Rent – Rs. 7,000/-

- The bank loan application has to be processed through State Bank of India only. When the applicant produces the required papers properly,

the loan will be sanctioned within 5 days.

- The Purchaser can occupy the flat from January 2018.

- The flats will be registered in the name of wife or in the joint name of

wife and husband on payment of the full amount (not applicable for own fund purchasers).

- Booking advance – Rs. 1,00,000/-

- All floors same rate – booking on first come first serve basis.

- Those Purchasers who make the Purchase from their own funds are not eligible for the interest subsidy under the Scheme.

- This offer is valid for the period upto 31.10.2017 only.

- Please visit our website www.ssmbuilders.in

With Best Wishes,

K. Santhanam