Frequently Asked Questions
A registered sale deed is conclusive proof of ownership and provides legal protection to both the buyer and the seller.
Carpet area is the usable space within a property, excluding the thickness of the walls. It’s also known as the net usable area
Yes, you need to pay stamp duty if you gift a property in India:
- Gift deeds governed by immovable property attract stamp duty.
- The stamp duty value is calculated based on the property’s location and the relationship between the donor and the donee.
Here are some legal documents that a buyer might need from a seller:
- Property documents
- Title deed: A legal document that grants the owner possession of a property
- RERA registration certificate
- Completion certificate: A legal document awarded by a local development authority or municipal corporation to a builder upon the completion of a project
- Allotment letter: A copy of the original letter issued to the property’s first owner
- Other documents
- Property registration certificate
- Property valuation certificate
- Contract of purchase and sale
- Khata certificate
- Receipt of property tax
- Encumbrance certificate
- Occupancy certificate
- Statement from the bank if a loan is outstanding
- Title search and report
- Sale agreement
- Non-objection certificate
- Approved building plan