Question 1

What are all the important documents one should check before buying any property?

Accepted Answer

If you want to purchase a property, you have to look at the approved layout plan, approved building plan, ownership documents, carryout search, etc. Contact an advocate before you purchase a property so that he can advise you.

Question 2

Do I need a home inspection?

Accepted Answer

Home inspections are not always mandated as a part of the home buying process. Yet, they’re one of the most valuable resources that homeowners have at their fingertips and should be done on every property. It’s important to encourage this for your homeowners, but more important for you to use this particular answer to explain all the perks of having a home inspection. 
For just a few hundred dollars, in most cases, people can get a detailed look at the house they want to buy and know exactly what they’re getting into.

Question 3

How much commission do you charge?

Accepted Answer

1 %

Question 4

Why do I need a real estate agency?

Accepted Answer

Notice that we don’t ask “do I”, but “Why do I”. This leaves people no out. Even phrasing the question this way reassures people that this is a service that they need. Now is your chance to elaborate on the why by pointing out all of the things that you do. Namely, focus on how buying and selling properties is your job and you’ve been doing it for years. You can take all the stress off people’s plates, etc. Take this opportunity to sell yourself and your real estate business so that people will get in touch with you without hesitation.

Question 5

Who is a NRI?

Accepted Answer

An Indian citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U.N. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian origin are treated on par with non- resident Indian citizens (NRIs).

Question 6

Why is it considered necessary to register a property? What is the purpose of registration?

Accepted Answer

By registering the transaction of an immovable property, it becomes permanent public record. Title or interest can be acquired only if the deed is registered.

Question 7

I have a flat which I want to sell and buy a new flat bigger in area. What are my tax implications with regard to capital gains?

Accepted Answer

If you purchase a new flat within two years of the date of sale of the original flat and invest the entire amount of capital gained into the new flat, you will not have to pay any capital gains tax.

Question 8

What is the difference between Built-Up Area, Super Built-Up Area, and Carpet Area?

Accepted Answer

Carpet Area: This is the area of the apartment that does not include the area of the walls i.e. the area of the apartment that a carpet can cover.
Built-Up Area: This is the area of the apartment that includes the area covered by the walls.
Super Built-Up Area: This includes the built-up areas such as the lobby, lifts, stairs etc. This term is therefore only applicable for multi-dwelling units, such as flat complexes.

Question 9

What kind of charges/taxes is mandatory at the time of purchasing property?

Accepted Answer

In addition to the price of the property, the buyer needs to pay the registration cost, stamp duty on registration, service tax, Value Added Tax while buying a property

Question 10

What documentation and formalities are required while buying properties?

Accepted Answer

The documentation required while purchasing a property includes a blue print of the building plan/layout, certificate of commencement, certificate of completion, permission of non-agricultural use of land in case the land is originally an agricultural land.  A 7/12 extract in case of land property [specific to states like Maharashtra] and a NOC from the builder are also needed. In case of resale, previous sale deeds are a must. All these documents should be thoroughly verified by a competent advocate.

Question 11

What should one keep in mind while buying a property?

Accepted Answer

There are many factors to be considered at the time of property purchase like the locality or the area of the home, whether all the basic and civic utilities are available, transport facilities, construction quality, 
the carpet, built-up and super built-up area of the flat, provisions of basic features like water and power supply, and most importantly, reputation of the developer.

Frequently Asked Questions

What are all the important documents one should check before buying any property?

Do I need a home inspection?

How much commission do you charge?

Why do I need a real estate agency?

Who is a NRI?

Why is it considered necessary to register a property? What is the purpose of registration?

I have a flat which I want to sell and buy a new flat bigger in area. What are my tax implications with regard to capital gains?

What is the difference between Built-Up Area, Super Built-Up Area, and Carpet Area?

What kind of charges/taxes is mandatory at the time of purchasing property?

What documentation and formalities are required while buying properties?

What should one keep in mind while buying a property?

CONTACT
US

Tel. 9999159009,

0124-4275996

contact@aadityaproperties.org

Plot No. 61-P, Sector 51, Gurugram, Haryana, 122003, India

VISIT
US

TELL

US

Frequently Asked Questions

What are all the important documents one should check before buying any property?

Do I need a home inspection?

How much commission do you charge?

Why do I need a real estate agency?

Who is a NRI?

Why is it considered necessary to register a property? What is the purpose of registration?

I have a flat which I want to sell and buy a new flat bigger in area. What are my tax implications with regard to capital gains?

What is the difference between Built-Up Area, Super Built-Up Area, and Carpet Area?

What kind of charges/taxes is mandatory at the time of purchasing property?

What documentation and formalities are required while buying properties?

What should one keep in mind while buying a property?

CONTACT US

Tel. 9999159009,

0124-4275996

contact@aadityaproperties.org

Plot No. 61-P, Sector 51, Gurugram, Haryana, 122003, India

VISIT US

TELL

US

CONTACT
US

VISIT
US