1. Is a sale agreement required for registration?

Yes, you need a sale agreement for property registration. It's an important legal document between the buyer and seller that includes key details like property description, sale price, payment terms, and possession date.

A sale agreement is registered at the local sub-registrar’s office, and it’s also required by law to make the transaction official.

You can seek legal experts or local authorities to make sure that you’re following the procedure correctly.

2. Does a home loan include GST and registration amount?

A home loan covers the property’s basic value but mostly does not include GST and registration fees. In most cases, the buyer will need to pay the GST and registration fees separately. The same goes for stamp duty.

Buyers must examine the terms of their home loan agreement and clarify any doubts with the lender.

3. Is the PAN card needed for property registration?

PAN card is an essential document in India, especially for certain financial transactions, which include property registration.

Since the PAN card serves as a unique identifier, it makes the verification process seamless and maintains compliance with the tax regulations.

4. What is stamp duty?

Stamp duty is a tax charged by the state government on the sale or transfer of property ownership. The amount is based on the value of the property and must be paid during the registration of the property.

5. How to purchase parking spaces?

A certain number of car parking spaces come included when you purchase an apartment, depending on the size of the overall project. Additional parking spaces can be requested but it will depend on availability.

FAQs

Gross Area

Home-Buying

Home Loan Process

Payment Process

Property Possession

Property Registration Process

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