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Real Estate Forum on Legal in Coimbatore

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Coimbatore

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Latest Answer: Hi Seshan, Which is the project you are talking about or what exactly you are talking about? What is the information you are looking for?
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Q: We have a plot of land in Pollachi and wanted to know what is the significance of Patta?
Also, please can one of you suggest how and from where do we get the the required" patta" for the plot of land?

Many thanks in advance.

Regards,
Harish

Latest Answer: Hi Chetan, I agree with your point, but few more important documents are also required including: 1. Tax receipts. 2. Pay relevant fees 3. A survey may be required. 4. The Patta can be obtained from the Tahsildar/VAO office and can also be viewed from e services online service.
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Q: I'm looking for expert legal opinion for a property sale transaction. Please pass on the contacts of reputed lawyers in Coimbatore

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Q: Hello. I have heard recently that the VAT on the Coimbatore Waste Management system has been lifted? Please give me updates on this.
Latest Answer: Coimbatore Integrated Waste Management had registered for tax exemption for production of organic manure and bio gas in 2008, but failed to file monthly returns for it. So the registration was cancelled.
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Q: I have govt. reserve site with a house in Coimbatore. I want to keep the site. What is the process to remove reserve status. I'm willing to get equal land in another location. I do have patta on my name.

Latest Answer: In my honest opinion, you cant really keep the site, since it is reserved for government purposes only. What you can do is apply for another land of the same size in a different location, If the officials are able to verify all the details, it would be easy to provide with you a different piece of land.
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Q: Do we have to pay service tax on traditional life insurance policies now? I really hope this isn't true!
Latest Answer: Though the service tax will not impact the annual premium amount, it will result in lower units for ULIPs. The tax will be adjusted by deducting the equivalent units from your account or by levying the same on the investment fund held by and on your behalf.
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Q: A friend told me that the Coimbatore government collected some penalty for tax evasion on tobacco. Are the rumors true ?


Latest Answer: The tax department of the government is really cracking the whip on tax evasion. The enforcement division in Chennai recovered tax and pentaly from evading dealers of Rs 42 lakh. In another incident Rs 10 lakh was collected as tax and fine from a passenger who was carrying contraband cigarettes.
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Q: I'm going to purchase a residential property in Coimbatore, and since i'm a completely new to the real estate business, i am looking for some legal guidance. Are there any particular documents, and things i should look out for?
















Latest Answer: After sorting out all the things whether financial or any other between buyer and seller, it’s turn for advance payment and agreement between them. The agreement is done on 5o Rs stamp paper. It includes the final actual amount, advance payment, time limit to pay due amount and how to pay in installments, time indication when the actual sale should take place.
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Q: Hi. I am waiting for my new flat to become functional in Coimbatore. They told me there is some delay in obtaining electricity. Does anyone here know the process?


Latest Answer: Once you submit it is pretty straight forward. If there is any delay it will be because of some instructions from the Inspection Engineer who will come and tell where all supply points need to be installed in addition. The TNEB I think will send a notice tto the applicant to avail the supply in a stipulated period of time.
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Q: I recently heard my colleagues mention e-stamping facility. How is it useful for real estate investors in Coimbatore?

Latest Answer: You mean Stock Holding Corporation of India Ltd (SHCIL) right? They are the only CRA (Central record keeping Agency) certified and appointed by the government. They will be responsible for e-stamping application and maintenance, and also take care of the user registration.
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