Login
Register
B6uX.png)
Legal Services / Legal Advice
Documents required while buying property are Identity Proof like Voters’ ID Card, Passport, Driving License, Ration Card and Pan Card. Be careful of the Sale Deed/Agreement and also check that the complete property chain is mentioned in the Deed.
Here are the important things to check before you sign the agreement with the developer:
l Specific apartment allotted, tower number and size
Details of area including super area, covered area and carpet area Costing
Date of possession, penalty in case of delay
The best way is to check if the banks are funding the project. Generally, banks approve projects and start disbursement only after all the approvals are in place.
Ensure that the documents of Title of the property you intend to purchase are clear. A defective Title will create problems.
Ensure that the building has been constructed as per the sanctioned plan and deviation, if any, is in the allowed limits. It should not be in a low-lying area or in a filled-up water body.
Ensure that the developer has clearance certificates from the Electricity Board, Water and Sewage Board and other concerned departments.
Commencement Certificate and Occupancy Certificate are other important documents that are necessary while buying property. Check out the genuine-ness of the documents with the concerned authorities.
Ensure Agreement for Sale and Sale Deed, duly stamped, executed and registered are in your possession. Both should contain fair clauses for both the parties.
If you are buying a new property, you have to pay Service Tax, VAT and Stamp Duty on the total amount of purchase. If you buy re-sale property, then you do not have to pay any of these taxes.
The transaction of sale is considered complete when either the possession is given or Conveyance Deed is registered.
Capital gain is applicable when:
The sold property has been withheld by a person for a period of more than three years from the date of purchase / possession.
The sale proceeds are invested in a residential property which is bought one year before the sale of property or two years after the sale of first property.
The new property is bought after the sale of the first propety.
Capital Gains Tax can also be saved by investing the sale proceeds in Capital Gain Bonds.
Just Fill the Below Information:
Name , Mobile No , Message
Send it to: advice.onlinepropertywala@gmail.com
Feel free to mail us, we will be very happy to assist you.
Disclaimer : All payments for services at Onlinepropertywala.com have to be made via Net Banking [ Onlinepropertywala.com, A/c No: 200999293357,Bank:IndusInd Bank Ltd,Branch:Moradabad-244001,IFSC : INDB0000151 ] or via a/c payee cheque in favour of “Onlinepropertywala.com” payable Moradabad Only.We have not authorized any individual or organization to collect payments in cash or in any other name (i.e. any other individual or organization name) or via personal Western Union or personal Paypal Accounts for any services rendered by Onlinepropertywala.com. You are informed that under no circumstances will Onlinepropertywala.com be liable for any damage caused in your business transaction to such fraudulent individuals or organizations.
