Frequently Asked Questions
You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.
The Registration Act, 1908, the Transfer of Property Act, 1882 and the Real Estate (Regulation and Development) Act, 2016 mandates the registration of an agreement for sale of an immovable property. By registering the agreement for sale of an immovable property, it becomes a permanent public record. Further, a person is considered as the legal owner of an immovable property only after he gets such property registered in his name.
The area in the flat or the apartment, which you could cover using a carpet, is the carpet area. Also known as the net usable area.
To claim exemptions under sanction 54, another house should be purchased within a period of one year before or two years after the date of transfer of the house.
Gift deed stamp duty varies from state to state and can range between 2% To 7% of the property value.
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