Vital Documents You Need to have to Purchase Genuine Estate in India

by admin

Advertisement

Timeshare Real Estate Agents - Fact Or FictionHow does your agent showcase your property by showing photos? There are ways you can have a timeshare sold successfully but its not by having timeshare real estate agents.

Timeshare Real Estate Agents – Fact Or Fiction

Sale Agreement:

Title deed:

If you wish to avail some loan against your property, the original title deed has to be produced. If you sale your property, you must retain a copy of it.

But do not handover the original documents if you intend to sell part of your property.

Letter attesting property ownership:

The first document is the original copy of the title deed.

Certificate that attests payment of income tax dues:

A seller, who has defaulted income tax, can legally be prohibited from selling his or her property.

Stamp duty:

For example, a purchase worth Rs. 10,00,000 in Maharastra would need Rs 38,750 as stamp duty. For any amount over Rs 10,00,000 would need 8% of the value over Rs. 38,750. Stamp duty is to be paid during the registration of the property.; ;

The amount and date varies from state to state.

For agricultural land dealing, a document, Fard, has to be prepared that would have all the necessary details like ownership, land quality, mortgage details, if any, who is presently cultivating the land, etc.