Q:HiI am in the process of buying a resale flat in Kandivli Area. It is a 2BHK flat.Here is the situation:- Original agreement from Builder to first owner had 3 flats each of 210, 235 and 195 sq ft carpet area- However, the building was constructed differently for some reason and all 3 flats were combined into 1 with total carpet area of 720 sq ft- Agreement from Builder to first owner has 3 separate agreements with 210,235 and 195 sq ft- Agreement from First builder to second builder has 720 sq ft carpet area- Society NOC provided at the time purchase made by second owner has 720 sq ft carpet area- Index 2 page has 720 sq ft carpetMy concern is why is there a difference between original agreeement and all other agreements. Also, is it safe to go ahead with the deal? Are there any other documentation that I should be checking to be extra sure on this?Please adviceThank you and good luck!
Latest Answer: Hi Mr Nikhil,
As I heard the news, Deputy Chief Minister Manish Sisodia declared the Delhi government will have concerted efforts to manage the issue of housing and accompany a slum development program. Government proposes to use the accessible supply of housing and empty lands for quick beginning a slum redevelopment program.
Q:Hi Guys,I have a property in Premier Exotica Kurla Building 3 and am now being asked to pay 3rd installment as well as register the flat. got a letter dated 1st nov. i also got a similar demand notice in oct for which ive paid the installment.They have along with their demand notice attached a letter from Bidco Engineering Division (bandra East) which mentions that construction work of specific property has been completed upto 2nd floor Slab.Should i make the payment and register the flat/document.? What documents should i be asking from them?Can there be a interest payable by them for the construction delay? (bought prior to 2011)can they levy a penalty of 21% p.a (as per their letter) on us for delaying payment of installments ?Will appreciate all the help
Latest Answer: The most important document is "Completion Certificate". On handing over the flat to you, the builder must also give a completion certificate. This is issued by Municipal authorities of the particular area which confirms that the building is in accordance with the approved plan. You would require this certificate for registration of your property and other government formalities.
Latest Answer: Hi friends!!
In form of Krishi Kalyan Cess, a levy of 0.50% is going to add up to existing rate of service tax on all taxable services which sums up to total service tax of 15%. Arun Jaitely, in his first budget had increased service tax rate to 14% from 12.36% and then added 0.50% as Swachh Bharat Cess from 15th November, 2015. Now, with krishi kalyan cess of 0.50%, the new service tax rate will be 15% effective from 1st June 2016.
Latest Answer: Whenever you buy a piece of land/immovable property, you need to register the same with the authority concerned, so that a legal ownership title is guaranteed to you. An application to be submitted to the concerned authority, which may be the Sub-Registrar of your area or area under which property belongs to. After due verification of details, the Deed is drawn up and the registration process is complete. Registration of property or land is mandatory and this greatly reduces risk of fraud and helps solve disputes easily.