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FAQ’S

FAQ'S

Registry charges for family and/or women?

Stamp duty charges vary from state to state. … Register the property in the name of a female family member, if the rebate is allowed in the state, .

What are the documents required to purchase a freehold property?

  • Verification of title and ownership of the seller. …
  • Verify identity of the seller. …
  • Conversion and land use permissions. …
  • Construction approvals. …
  • Occupancy certificate. …
  • Check status of tax payment. …
  • Encumbrance. …
  • Physical survey and access to the property.

The Best time to Bye a property?

If you go by what real estate developers, housing finance companies and property agents say, this is the best time to invest in property.

What is the difference between carpet area, built-up and super built-up area?

Carpet area is the area that can actually be covered by a carpet, or the area of the apartment excluding the thickness of inner walls. Carpet area does not include the space covered by common areas such as lobby, lift, stairs, play area, etc. Carpet area is the actual area you get for use in a housing unit .

For the Home Loan what are the Securities we should keep in mind ?

Once the banks or the housing finance companies approve your home loan you have to provide banks with a security against your home loan. Generally, the first mortgage of the property that is the title deed has to be provided to the bank as security against the loan.

What is Power of Attorneys?

A power of attorney or letter of attorney is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor. 

Can rental Income be repatriated?

If you are an NRI who has invested in property in India for rental income, know the … a year under section 80C of the Income Tax Act. This amount can be deducted from … Here’s How NRIs Can Repatriate Funds Outside India.

How to get a flats with your choice?

Buying an independent land/floor means sovereign choice to build a Choice of locality in new schemes is offered but floor choice or allotment in a particular Sector/Pkt is not allowed as the allotment of the specific flat is made through computerized draw. 

Should I inspect before buying a property ?

It is important to inspect the property, A close inspection points out the positive aspects of the property, as well as the maintenance that will be necessary to keep it in good shape. After the inspection, you will have a much clearer understanding of the property you are about to purchase.

What is Known as Sale Deed ?

 A sale deed is in United States real property law, a deed “conveying real property without covenants”. This is a deed “for which the grantor implies to have or have had an interest in the property but offers no warranties of title to the grantee.

How can a lease property agreement be created?

A lease is essentially a contract between two parties, the landlord (or … is that equity will enforce a contract for the creation or disposition of an interest in land if it 

What is meant by valuation of property?

Property valuation is the process which determines the economic value of real estate. Property valuation typically seeks to determine fair market value, the price at which a knowledgeable seller willingly sells her property and a knowledgeable buyer will willingly purchase it.

What are known Leasehold Property ?

A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.

What is Known EMI ?

An EMI or Equated Monthly Installment is defined by Investopedia as “A fixed payment amount made by a borrower to a lender at a specified date each calendar month.

What is the way to select the cheapest home loan in south delhi ?

Keep the loan period constant and calculate the total amount paid for the home through the different loan options available. Like India bull DHFL etc.

Who are NRI & POI?

A NRI is a person resident outside India who is either a citizen of India or a person of Indian origin. A NRI is an Indian Citizen who has migrated to another Country. For all official purpose the Government of India considers Indian National away from India for more than 182 days, in a year.

i) held an Indian Passport at any time, or
ii) who or whose father or paternal grand father was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955.

What types of a Property can a NRI & PIO purchase in India?

There is no restrictions on the numbers of Residential/Commercial Properties (other than agricultural land/farm house/plantation) that can be purchased.

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