Q:
I have a flat registered in my name in a cooperative society.I took a bank loan on this flat so all the original papers are with the bank. But the flat is still not in my name as the share certificate is with the bank. Society also gave me NOC to purchase the flat. Society management says there is no need as property is already registered in your name. i m a bit confused if it is name change in the share certificate is legally required in my case? please help
Latest Answer: Hi you can do one thing...you can ask the society to issue or transfer the share certificate because you are the owner currently. The old original certificate can be obtained from the bank by new certificate . I advise you to have the Share Certificate on your name. And yes don't forget to update your name in the Revenue Department (Property Tax).
Latest Answer: The charges proposed were like this:
Posh commercial cum residential areas- If the property is less than 20 years old, then the charge will be Rs. 58 per square yard per annum.
Posh residential areas- If the property has been built in the last 20 years - Rs. 27 per square yard per annum.
Planned or unplanned city residential colonies, including the walled city areas - If the house has been built in the last 20 years then tax applied will be Rs. 15 per square yard per annum.
Colonies in city outer areas- If the house has been built in the last 20 years - Rs 11 per square yard per annum.
Slums or other poor areas- If the house has been built in the last 20 years - Rs 8 per square yard per annum.
Q:
Hi guys... I own a company in Bangalore. I have office at Hyderabad and Chennai and Now I am looking to set up my office at Connaught Place, Delhi. I would like to get feedbacks from those who have established their business or offices in Connaught Place.
Latest Answer: Hi guys, the rental rates at Connaught Place have increased by approximately 25 percent over the last year, to cost Rs 403 a square foot per month. Delhi’s new master plan has given much better scope to the location.
Latest Answer: Hi Lokesh..This research was commissioned by Save Chennai Beaches Campaign and was run by faculty members of various institutions like Indian Institute of Science. They found that many beaches like Srinivasapuram beach, beach at Adyar river, Kapaleeswarar Nagar beach etc have been occupied by the corporation by dumping debris and then they are converting into parking spaces and roads.
Latest Answer: I have a unit in S3 Tower (S3/011) of Krish City Phase II , I still have to take the possession there are many issues including unnecessary Interest amount and maintenance charges etc. The issues is going on from last few months. I have raised this to higher management including Mr Sunil Aggarwal and Mr Sudhir. I hope they will look into the matter and ensure resolution.
I will Update my Experience and further development soon.
Regards, Rakesh Kumar
Latest Answer: Sanjana, either sale or purchase of any kind of land under the notified area of the Kanwar lake bird sanctuary is strictly banned. Even land deals of government land are banned there.
Q:
I have a question. I intend to buy a resale property at Bangalore. However the present seller does not have Khata in his name. He has executed sale deed and sale agreement only with his previous seller. The khata is in the name of previous seller. Does this create any problem if we buy now? How is the procedure?
Latest Answer: One of my cousins bought a resale property in Adarsh Serenity. She needed a lawyers help to get things rolling. She availed services from Zippserv. They helped her verify the property documents, drafting sale agreement, get the sale agreement franked, drafting sale deed and registration (https://www.zippserv.com/property-lawyer/property-resale-package-bangalore.html). They also got the pre-approval from a PSU bank and got the loan process started. The whole process was very seamless. Thought this information will be useful to many.
Latest Answer: Hi Sanjana...Mohali international airport is under construction...i don't know about the completion date but yes...L&T construction has now taken the charge
