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What are the transaction involved when purchasing a property in India?

Q: What are the transaction involved when purchasing a property in India?

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Replies (3)
1
Have you asked for all the legalities that you have to go through? Here is a nice link which helped me last month while buying a plot. http://www.midtownstructures.com/blog/legalities-check-buying-apartment
Saumyarup


2
checklist for buying a property

1) Land titles/ construction permits/ Approvals from authorities:
2) Agreement:
3) Title clearance certificate:
4) Income Tax clearance (37-I and 230 A):
5) Stamp duty and registration:
6) Society clearance and membership:
7) Taking possession of the flat:
Karthik


3
Buying Cost for residential property in India include:
1. Stamp Duty
2. Registration fees
3.Legal fees
4. Real Estate Agent’s Commission
5. Costs paid by buyer
6. Costs paid by seller
Neel Sharma


Legal fees are typically around 1.5% of the property value.
Neel Sharma,  Gurgaon
22nd September 2014


4

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