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Real Estate Forum on Registration Of Flat

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Q: Hi,
I have booked the apartment at the rate of 3500 PSF 3 years back & have housing loan sanctioned from SBI for the valaue derived at that rate. My apaertment is due for registration now .

Can you please let me know the guidance value for apartment at Thubarahalli, Bangalore ( Class A builder).
If the guidance value is higher than the booking rate e.g a guidance value of 4500 PSF, do I need to register the apartment at this guidance value or I can do the registration at the rate apartment was booked.

Thanks,
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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.
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Also see discussions for
Q: How are flat registration cost calculated in Hyderabad now? Are there any slabs? The flat I'm looking at is in Kondapur Area. Please advise.
Latest Answer: You can check for more properties at the following link http://www.commonfloor.com/apartments-for-sale-in-kondapur/cfai-dxyh16 in Kondapur area. You can also post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.
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Q: Hi need your advice. I will be registering a flat in Kolkata and the documents will be prepared by the developer. As I am staying out of Kolkata is it possible if my husband or my mother be the second witness?
Latest Answer: Yes, it is possible that your husband or your mother both can be the witnesses.
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