Buying And Selling of Properties

Property Search and Valuation: Buyers research, inspect properties, and verify, while sellers determine the price based on market rates, location, and condition to attract buyers.

Legal Documentation (Crucial Documents):

Sale Deed/Title Deed: Primary legal document proving ownership transfer.

Encumbrance Certificate: Confirms the property is free from legal/financial liabilities.

Khata Certificate: Proves the property is registered with local authorities.

Sale Agreement: Outlines terms, price, and payment details.

No Objection Certificates (NOCs): Required from various authorities (e.g., electricity, water).

Occupancy Certificate: Required for new buildings to confirm compliance with regulations.

The Process of Buying:

Verification: Verify the title deed (30 years) for any dues or encumbrances.

Negotiation and Booking: Negotiate the price and pay an advance/token amount.

Sale Deed Registration: Sign and register the Sale Deed at the sub-registrar's office.

Tax and Duties: Pay stamp duty and registration fees.

The Process of Selling:

Marketing: Use, professional photos, or agents to list and show the property.

Due Diligence: Prepare all documentation, including tax receipts and NOCs.

Sale Agreement: Sign the agreement and receive a deposit.

Transfer: Hand over possession upon final payment and registration.

Key Risks to Manage:

Hidden legal disputes, unpaid property taxes, or incomplete documentation.

Ensure all taxes and fees (capital gains tax, transfer tax) are handled properly