Buy Property
Buying property is a decision for life. As you invest your money in property values, you must be very careful. The real ordeal begins after identifying the property of your choice. The path to a document is difficult, legal and paperwork without end. As a buyer, the more confident you know the legal and administrative tasks, the more likely you will not end up as another victim in the courts. So make with words such as rent, condos, property deeds, completion and occupation certificates of possession. As long as you ensure that all documentation is in place prior to the market, you will be free at home!
Building under construction - When you purchase a new property, request a Letter of Award and Development Agreement detailing the agreed price, payment and construction schedule, house plans, delivery date and the manufacturer's responsibility for late completion or problems for possession Ensure that the developer has. clear title to land, and that local authorities have the plans approved as soon as they become available,
Applications for certificates of completion and occupation, which means that the development of local safety requirements see Some other costs you incur.. company formation charge, deposit for electricity meter, stamp duty and registration fees third commercial construction -..
Make sure the seller is the ownership and possession of property and has the right to transfer of property, make sure that the competent authorities, if any, were made of the planning / Planning Authority obtained.
Make sure there are no tenants and get a statement that the property was purchased with funds from the seller and is not pledged. Obtain a "no objection certificate" from the manufacturer or company. Check contributions such as property tax, society, water and electricity bills, may have been, etc. paid in full. Decide who will pay transfer fees of the company.
Take ownership of all relevant documents and the original award letter, certificate of completion, a certificate of occupancy and any other document by the original manufacturers suggested
Leasehold 4 vs. Freehold -.. The majority of goods in India is condominiums, the title means is transferable in some specific areas such as Delhi, the government owns the land, part of which is leased, this.. lease is transferable, allowing you to directly, the central government
Request. In this case, you have to pay stamp duty and lead a transmission protocol. In the case of leasehold ensure that the rent has been paid. Most transactions are by attorney (POA), the opinion not clear title to the buyer, and will also stop the death of the seller. If you enter a transaction, ensure that you have a general and specific, irrevocable POA, which you have allowed transfer of ownership. However, the purchase of properties in various POAs involved full of pitfalls.
stamp duty and deed -. Stamp duty is a percentage of the transaction payable to the state government, it varies from state to state The purchase agreement should cover who will pay the stamp duty if it does not include ensuring .. in the agreement, the buyer must that he / she pays the full amount of land and registered his name as owner in the records of the revenue. The final purchase contract should be stamped and will be reported .. appropriate regional -..
State laws Some states laws on the property, the front the purchase should be considered so if you are not familiar with state laws, consult this
Law · Himachal Pradesh and Jammu and Kashmir: buy a property in those states, if you are a resident residing · Haryana can Haryana Urban Development Authority to resell for. decade limit.
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1 comment:
Its very helpful advice before buying property. Good Instructed step by step, what should you know about property. Orris Curio City Apartments
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