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Carpet area is the area between the internal walls of the room/house, or the net usable area. The Carpet area + width of the walls and ducts, is the built up area. The area composed of built up area and the space by other necessary amenities like lifts, staircases etc. form the super built up area.
In case of lease agreement, the tenant gets the possession of the area in discussion, for a temporary period. In case of leave and License agreement, the license remains with the landlord, and the permission of doing certain tasks, is given to the tenant.
The implications of entering into a lease agreement are:
1. The stamp duty needs to be paid.
2. The extra municipal taxes must be paid.
3. The agreement should be registered.
4. Income tax should be paid on the income, obtained from the lease property.
No such permission is required, except for an agricultural land.
An NRI or Non-Resident Indian is an Indian, but living in a different country for business or work, and the duration of the stay is uncertain.
Registering of a property is important, as it makes you the legal owner of the property, by giving a name to it. It is important to carry out transactions with the property, in the future.
If the flat, which you are going to sell, is less than 3 years, you will have to pay taxes for the profit, made from it, as it is considered as long term capital gain. If it is more than 3 years, you will not have to pay taxes.
There is no such prescribed percentage.
There are no new provisions made till now.
They could approach the local municipality to form a society.
There should be valid causes behind eviction of the tenant and the causes should be punishable by law. For no valid causes, there should be a fair negotiation between the tenant and the owner, in order to decide a deadline for eviction.
The market rent is determined by the value of the property. The charges are within 0.8% and 1.1% of the value of the property.
The documents required/you should check from the owner, before purchasing a house are:
1. Title Deed
2. Commencement Certificate
3. Intimation of disapproval
4. Purchase agreement
5. Encumbrance Certificate
6. Approved layout plans
7. Occupancy certificate
The documents required at the time of purchasing a land are:
1. Sales Deed
2. Commencement Certificate (For new construction to be started)
3. Building Approval
4. Mother Deed
Yes, provided you are in possession of the property.
Some property buying tips are
1. Purchase a land, close to your priorities.
2. Check the availabilities of necessary things close to the property.
3. Check the documents properly.
4. Go for the best within your budget.
You can check your account data, by visiting the portal, and by logging in, or signing in, with the credentials of your account.
Carpet area is the area between the internal walls of the room/house, or the net usable area. The Carpet area + width of the walls and ducts, is the built up area. The area composed of built up area and the space by other necessary amenities like lifts, staircases etc. form the super built up area.
In case of lease agreement, the tenant gets the possession of the area in discussion, for a temporary period. In case of leave and License agreement, the license remains with the landlord, and the permission of doing certain tasks, is given to the tenant.
The implications of entering into a lease agreement are:
1. The stamp duty needs to be paid.
2. The extra municipal taxes must be paid.
3. The agreement should be registered.
4. Income tax should be paid on the income, obtained from the lease property.
No such permission is required, except for an agricultural land.
Registering of a property is important, as it makes you the legal owner of the property, by giving a name to it. It is important to carry out transactions with the property, in the future.
If the flat, which you are going to sell, is less than 3 years, you will have to pay taxes for the profit, made from it, as it is considered as long term capital gain. If it is more than 3 years, you will not have to pay taxes.
Registering of a property is important, as it makes you the legal owner of the property, by giving a name to it. It is important to carry out transactions with the property, in the future.
The implications of entering into a lease agreement are:
1. The stamp duty needs to be paid.
2. The extra municipal taxes must be paid.
3. The agreement should be registered.
4. Income tax should be paid on the income, obtained from the lease property.
The orders will arrive within a few days of ordering. The specific arrival date will be intimated to you during checkout, and through mail and SMS communication.
An NRI or Non-Resident Indian is an Indian, but living in a different country for business or work, and the duration of the stay is uncertain.