Latest Answer: Developers who do not register project with their STATE RERA will not have permission to launch the projects in the state or conduct any marketing activities. Yes, you can do a demand survey without mentioning the project name and details.
Latest Answer: Thanks, Jyothi.
If a person operating his business in multiple states, with the same PAN Number, whether he can operate with a single registration?
Latest Answer: Hi Sudhir,
Yes, suppose basic rate of Stamp Duty is 3.5% and Surcharge at the rate of 40% on basic rate i.e 1.4%. So, the total stamp duty is 3.5% + 1.4% = 4.9% (i.e. Rs.4.90 for every Rs.100 of sale consideration or part thereof.
Similarly, basic rate of Registration charges is - 1% (i.e. Rs.1 for every Rs.100 of sale consideration or part thereof).
Registration charges is not applicable if sale is executed in favour of female buyer. For more than one buyer for a single property, all buyers shall be female for availing such waiver of registration charge.
Latest Answer: Hi, Nowadays govt is also encouraging the women buyer and certain benefit has been given in this regards:
1. Concession in Stamp duty
2. Low rate of Home loan interest
Q:http://www.rediff.com/money/report/perfin-what-you-should-know-about-a-sale-deed/20100119.htmhttp://articles.economictimes.indiatimes.com/2009-12-20/news/27664615_1_sale-deed-main-document-sellerWithin 4 months of the sale deed one needs to pay stamp duty and registration charges else we will have to pay penalty.Sale deed is made after agreement of sale.But I am unable to verify as to when is the sale deed made? Can the sale deed be made just after booking the flat and signing the sale and the construction agreement or is it made only when the builder hands over the flat?
Latest Answer: Hi Praveen,
"Sale Deed" is the instrument/agreement by which the property is actually transferred by vendor to the purchaser after the receipt of the full consideration amount. (Actually sold and purchased). If you builder hand over the flats then go for the sale deed otherwise you have to face a lot of difficulties once the project get delay. So, be careful.
Latest Answer: Hi everybody,
If you buy any property in the name of your wife in that case bank shall hesitate as it has to ascertain the repaying capacity. If you buy in the name of wife she shall be the sole owner in such situation you can not apply for the tax exemption.
Q:One of my friend's want to sell his plot. The buyer prepared a sale deed mentioning Rs 1.40 crores towards the cost of the land (guidance value of that area) where in their negotiated price is Rs 95 lakhs. Moreover the buyer has not mentioned the mode of payment in the deed. Is this legal? Isn't it mandatory to mention the mode of payment in the sale deed? If not what about the balance amount. Will there be any implications on their tax liability?
Latest Answer: Though the actual sale price of the property you are buying is Rs 95 lakhs. But If the guidance value is Rs 1.40 crores then you have to pay the stamp duty on Rs 1.40 crores only.
The sale deed should be for the amount that has been receieved by you under the sale deed. It is not complusory but generally the mode of payment is reflected in the sale deed. There will be tax implications on the sale being effected by you. For tax calculation you can take advice from your tax consultant.
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