Disclaimer

The particulars contained on the mentions details of the Projects/developments undertaken by the Company including depicting banners/posters of the Project. The contents are being modified in terms of the stipulations / recommendations under the Real Estate Regulation Act, 2016 and Rules made thereunder ("RERA") and accordingly may not be fully in line thereof as of date. You are therefore required to verify all the details, including area, amenities, services, terms of sales and payments and other relevant terms independently with the sales team/ company prior to concluding any decision for buying any unit(s) in any of the said projects. Till such time the details are fully updated, the said information will not be construed as an advertisement. To find out more about a project / development, please telephone our sales centres or visit our sales office during opening hours and speak to one of our sales staff.

I read and agree to about & and conditions

Q. What is Stamp Duty and who bears the liability to pay the Stamp Duty - the buyer or the seller?

Ans. Stamp Duty is a tax similar to the sales tax or income tax and has to be paid in full amount and on time. Buyer has the sole liability of paying the stamp duty unless there is an agreement to the contrary.

Q. What does the Market Value of a property mean and is the Stamp Duty payable on Market Value of a property?

Ans. Market Value of a property is the price at which it could be bought in open market as on the date of valuation. Stamp Duty is payable on the agreement value of property or its market value, whichever is higher.

Q. Who is the most suitable authority for enquiring the market value of a property?

Ans. Sub-Registrar of the area, in whose jurisdiction the property is located; is the most suitable authority for knowing market value of a property.

Q. What are the various permissions and papers that should be checked by anybody with the builder when buying flat in a building which is under construction?

Ans. If you are buying a flat from a builder in an under construction building, you should check out the following points:
- Approved plan of the building along with number of floors, just to make sure that the floor on which you are buying flat is authority approved.
- Whether the land on which the builder is constructing the building is his own or he has undertaken an agreement with a landlord.
- Whether the land on which the builder is constructing the building is his own or he has undertaken an agreement with a landlord.
- If he has undertaken an agreement with a landlord, check the title of the land ownership with help of an advocate.
- The building bylaws as applicable in that area.
- Examine the deeds to establish the ownership of property by seller, preferably through an advocate. - Ensure that the builder is constructing the building without any violation of front setback, side setbacks, height, etc.
- Check if the specifications given in agreement to sell or the sale brochure match - on the ground facts or not?

Q. What forms the completion of a sale?

Ans. Transfer of a property is concluded when you have a sale deed / agreement for sale with actual possession. Generally, in all cases the entire amount is paid simultaneously with the handing over of physical possession and signing of the transfer documents.

Q. Within how much time should an agreement/deed be registered?

Ans. The property agreement should be registered with the Sub-Registrar of Assurances, under the provisions of Indian Registration Act within 4 months of the date of its execution.