Q:I have bought an independent house and sale deed was done 2 weeks back.Do i need to go for checking of mutation papers too.The owner bought the land 3 years back and was sole owner only.Also is anything pending to do after sale deed.
Q:I recently got the papers of 3G Homes Crimson Layout checked by a lawyer. GPA between builder and land owner used for signing sale deed was not stamped at the sub-registrar office. According to Karnataka stamp act 1957, GPA used for execution of sale deed should be stamped at sub-registrar office. Hence, the sale deed for the current owners is not enforceable.Even the JDA is not registered. Builder save 4% + 1% stamp duty. What can be done if the land owner or his descendants file a case later agains the villa owners.
Q:sites of this project was sold to few people as pre launch offer for 1100rs/-per sq.ft last year and later withdrawn by its promoters stating that this site is under litigation and does not have khata not tax paid details.Cheaters Gundu ramaiah and BRV developers owner Ramesh is involved in this fraud together with Marketing manager Rajesh khanna, who is absconding
Q:How hard would it be to show a legal opinion about a property posted on your website? Just like verifying the physical existence of the property, can you also add a legal opinion after scrutinizing the papers by a lawyer? Is it allowed to show such opinions on a website? This will help the people and its going to be a huge success at least in India.
Q:I hae bought a flat in a small aprtment of 35 flats (G+4 Floors). When all owners approached the builder for OC, he says, he never promised to get OC and he clearly says that he has deviated on the approved plan... What is the way out for us?
Latest Answer: Righ Sir,
It is advised to go register as per market value and have peaceful nights sleep. Why? Because, when you sell your property in future , you have to pay the tax on the profits made. And the profit is decided by your cost of the house and the sell price. So lower the cost of your house, the higher the profits on paper for you in future. You might be aware of the fact that indexation is applied in case of real estate transactions and 20% tax is paid on the profit.
Q:Hi, I read that, Akrama-Sakra has cut-off date of October 19th 2013 for the eligibility. My house Registration is done on October 25th 2013. But actual construction is completed 3 months earlier. How do I prove that, my house is constructed before October 19th 2013. I don't have OC, Electricity bill before October 19th 2013. Only proof I have is Agreement which is not registered. Could you guide me on how do I get A-Khata in this scheme for my house. Appreciate your help.Thanks,Harsha
Latest Answer: You can do it but you will have to check your agreement with builder if there is a clause for assignment.
Via a assignment agreement you can sell your property- builder will charge a transfer fee. but with this you need not register and sell.
which project is your property in
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Latest Answer: Paritosh - Please make sure that you register the lease agreement. It is around 1.5 % your average annual rent and you could do it yourself. If your doing for the first time, please hire an advocate and get it done. Advocate fee shouldn't be more than 7-10k. This will make you sleep better :-)