The shops are let out on license basis for three year through Tender cum Auction, after giving vide publicity through newspapers both in English and Tamil, Corporation Bulletin, affixing in prominent places of every shopping complexes, Corporation head office and Zonal Offices and communication through every Councilor of the Greater Chennai Corporation.
For participating in Tender cum Auction every applicant should obtain separate application and separate E.M.D. amount for every shop. The cost of an application is Rs.338/- and E.M.D. amount is Rs.5000/-. The cost of application and E.M.D. should be drawn in favour of Revenue Officer, Greater Chennai Corporation.
Every successful bidder has to immediately remit 25% of 12 months rent as advance. The shop will be handed over on collection of 75% of the 12 months rent and execution of License Agreement when the letter of confirmation is communicated to the successful bidder.

The important terms and conditions are as follows:

• The Licence period is for three year
• The Licensee should pay the monthly licence fee per month to the Licensor on or before 5th of every month by demand draft in favour of "Revenue Officer", Greater Chennai Corporation.
• The Licensee shall pay Rs.10/- penalty for each day. If he has not paid the license fee (Rent) to the licensor before 5th of every month.
• The Licensee shall pay the charges for the electricity in the schedule of property directly to the electricity board and also to pay other charges to the concerned in respect of his business directly.
• The licensee shall not make any addition or alterations to the demised shop without written consent of the licensor.
• The licensee shall not sublet partly or whole to anybody else
• The licensee shall use the demised shop for the purpose for which he has applied. If there is any change of purpose he should obtained written consent from the Licensor.
• If the demised shop is required by the licensor, the licensor shall issue notice for one month to the licensee for handing over the possession. Like-wise the licensee wants to vacate the shop shall give one month notice to the licensor and to hand over the possession to the licensor after clearing all the arrears due to the licensor in respect of schedule properties. If the licensee has not paid the license amount consequently for 3 months the licensor is at liberty to cancel the allotment order without any further notice.
• If the licensee wants to renew for further period shall apply renewal application to the licensor on completion of 9th month. It is open to the licensor to accept or reject the renewal proposal. If the licensee has not paid the monthly license fee to the licensor continuously for 3 months and or the shop is locked the licensor is at liberty to revoke the allotment order and break open the shop with the help of police, and make a inventory for the articles available inside the shop and it may be removed and kept in safe custody by the licensor and take possession of the shop in question.
• The electrical connection if any applied by the licensee should apply in the name of licensee. The licensee should not damage the electric and water mains available in the premises.
• The licensee shall not damage or deface in any names and in the name board of Chennai Corporation. The Licensee shall exhibit the door No. of the shop.