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Information on general and legal suggestions about buying property in Mysore
Q: I am considering to buy some property in Mysore. What are the legal things that I should keep in mind before buying a property?

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Latest Answer: Also you need to have all the tax paid documents of the property. Then you need the Khata agreement which is like the grading a plot get based on the location that it is in. A khata sites are the best. There won't be much problem if you have it because you will get all the approvals very easily from electricity, water and other such boards.
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Information on legal suggestions about buying property in Mysore
Q: What are the legal things that I should keep in mind before buying a property in and around Mysore?

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Latest Answer: Hello. Yeah. These days there have been a lot of incidents where a single property has been sold multiple times to different people. And in the end nobody gets hold of the property. While the sellers make money and abscond, the people that buy are left in the rut having lost their hard earned money.
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Information on exchange deeds in Mysore
Q: Hi. I am new to Mysore, and was looking to buy a plot. Someone mentioned an exchange deed. Does anyone here know what it is?


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Latest Answer: There is a general format which the Karnataka State Government has devised to inform the public of the stamp duty and registration fee involved in a exchange deed. 8% stamp duty towards the government on the market value of the property + 5% additional duty + 2% additional stamp duty if the property lies within the limits of the Municipal Corporation+1% registration fee.
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Details about trust deed in Mysore
Q: Hey folks. I would like to get some details about something called a 'Trust Deed'. Anyone from Mysore here can help? Thanks in advance!


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Latest Answer: There is a stamp duty involved too I suppose. Like in any other property deal document. The duty will however vary depending on the intention of the trust author, and on the other parameters involved in the document. Also, be careful that no will clashes with the transfer of property based on a trust deed.
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Information on fake stamps in Mysore
Q: Dear friends. I am new to the real estate sector, and I am learning the trade. How to ensure that the stamp duty paper I will use has no fake stamps?


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Latest Answer: Simple man. Always ask for the license details of the vendor. Nowadays you can even avoid stamps and get a dd/challan or pay order to pay the duty. The authorities have been regularly inspecting the vendor licenses too. but from your end always do a thorough check to avoid getting scammed
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Information on Donation/Gift deeds in Mysore Property
Q: Hi. Does anyone here know the process of getting a title deed ready for gifting purposes? We have an ancestral property and planning to gift it.


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Latest Answer: The stamp duty is different for different types of deeds in Karnataka as such. If the property you want to gift is in Mysore only, or for that matter within Karnataka municipality jurisdiction, then the stamp duty is calculated based on per 1,00,000=00 rupees. 18 percent duty + 25 percent additional duty + 32 percent surcharge. Some Rs 8.500 per 1 lakh I think
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Copy of registered document in Mysore
Q: Hi. Does anyone here know how to obtain attested copies of registration documents for Mysore property? I am looking to sell my ancestral property.


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Latest Answer: You just need to be careful when doing these things. Get the stamp paper from licensed vendors. And the market value will be published for the locality in Mysore your property is in. Accordingly you will have to pay the stamp duty.
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