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Where real estate gets real

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FAQs

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FAQs

For Buyers

What documents are needed to buy new properties in Mysore?
  1. The Sale Deed.
  2. The Mother Deed.
  3. The Sale and Purchase Agreement.
  4. The Building Approval Plan.
  5. The Possession Letter.
  6. The Completion Certificate.
  7. The Khata Certificate.
  8. The Allotment Letter.
What documents are required to register an independent house?
  1. Allotment papers of the plot
  2. Building Plan approvals
  3. Transfer Deed (in case of multiple owners)
  4. Sale Deed,
  5. PAN Card
  6. Photographs.
What are the documents required for plot or apartments registration ?
Two passport-sized photographs, ID proof for the buyer, seller, and two witnesses, PAN cards, Certified exact copies Certificate of Incorporation (of the seller or buyer), and Copy of the most recent property register card to ensure no government ownership. Also, the municipal tax bill to identify year the property was built.
What documents are required to get a resale property registered?
  1. Sale deed
  2. Building plan.
  3. Completion/Occupancy Certificate
  4. Encumbrance certificate
  5. Tax paid receipts
  6. Verified Home loan clearance document
How could I verify that the documents shown to me by the seller are genuine?
  1. The corporation or the sanctioning authority can verify approvals for projects.
  2. The Sub Registrar can confirm ownership documents at the office where they were registered.
  3. The Society can verify the authenticity of any share certificate in relation to societies.
What documents are needed at the time of possession?
  1. Allotment Letter.
  2. Builder-Buyer Agreement.
  3. Copy of Possession certificate.
  4. Allotted Parking.
  5. Tripartite Agreement.
  6. Power Back-up details.
  7. Full payment break-up.
What is property registration?
India has a unique system for property registrationThe Registration Act of 1908 governs. The seller and buyer must submit certain documents and pay fees and stamp duty to register property. India has a law that governs the transfer of immovable property.
Can I authorize someone else to register my property by granting him Power of Attorney?
You can execute a GPA (General power of attorney) for that person. It is important that POA be registered with a sub registrar.
What is Stamp Duty? Who is liable to pay Stamp Duty? Do I get tax benefits on Stamp Duty?
Stamp Duty is the tax that is paid to legalize property. This tax is paid by home buyers. Tax incentives up to Rs 1.5 lakh can be claimed on new property purchases or constructions. These benefits are only available for one property that is occupied by the owner.
Do I need to pay stamp duty if the property is transferred or is a gift?
No. Neither you nor the relative will be liable to pay taxes in a case the transfer takes place through a gift deed
What are the general eligibility conditions for availing a home loan?

Age Limit for Salaried Individuals: 21-65 Years. Age limit for self-employed individuals: 21 to 65. Minimum salary: Rs10,000 per month Minimum income for business: Rs 2 lac per annum contact us more info we are help you in that

For Sellers

I would like to sell my property. What documents would a buyer need from me?
  1. Letter of allotment.
  2. Sale deed.
  3. Sanctioned plan.
  4. Society documents.
  5. Encumbrance certificate.
  6. Sale agreement.
Who needs to pay the stamp duty? The seller or the buyer?

It is Usually, the buyer pays with Regardless of any agreement, in the event of property exchange, the seller and buyer must share equally the stamp duty

Is there a procedure to be completed on execution of the Sale Deed ?
Yes. However, the process and forms can vary depending on where the property is located.
Is it mandatory to register documents for the sale of property?

Will: Registration is optionally It is a good idea to register a will in order to give it legal property status.

When is the sale of a residential property formalized?

Officially, the sale of a residential property has been completed If the seller has paid the full consideration amount, registration has been completed and the buyer has taken possession of the property.

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Vinay Krishna

contact@pickyourprop.com
+919019584595

Prakash

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91-88843 91221

Shruthi C R

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Featured Properties

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Hot Deal

Zuari Kaveri Apartments

Zuari Kaveri Apartments  is the first integrated township in the…

Bedrooms
2-3
Bathrooms
2-3
Land Area
75 Acres
Property Size
1100 - 1800 sq ft
Sale

₹47.00 lakhs/ onwards

Pickyourprop is a professional property advisory firm which is focused on selling of residential and commercial properties raised by prominent builders and developers

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No,5179, 2nd Floor, High Tension Double Rd, Vijay Nagar 2nd Stage, Mysuru.

No 31 , sriram Mansion , 6th cross C.T.Bed, Banashankari 2 nd stage Bangalore.

+91 9019584595, contact@pickyourprop.com

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