Can I register a Land if we have 15 yrs of house tax reciepts ?

Hi, I am Venkat from a village in Andhra Pradesh. My grandfather has a house land (from ancestors) which he divided to my father and uncle(my father’s bro). They did it on stamped papers with three of them signs on it. Now I want to register that land. But I have a problem to gather […]

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Builder has not given me Occupancey certificate from BBMP Bangalore, what should be my next step ?

My builder provided me with the ”commencement Certificate’ of BBMP,Bangalore but not \’Occupancy Certificate, though the project completed some times back. So: 1. Is it not mandatory to obtain O.C. from BBMP once you have collected CC? 2.In case builder failed to provide OC what can be the problem in future ? Ranjan

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Query on Capital gain on selling a house

Hi Investors, I have a confusing situation before the registration of my flat. I have purchased a flat as ”resale” from an owner after it was launched by the builder and before the old owner took the possession in 2011. I got a bank loan of 20 lakhs and payed 5 lakh check to the […]

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Short term capital gains applicability if I sell my house in 1 yr itself

Hi, I purchased a property in 29/6/2012 of agreement value 18,50,000 INR (which amounted to 20,50,000 INR after paying stamp duty and VAT and other taxes) and my EMI’s started from that month itself . I sold the same property for 21,00,000 INR on 21/9/2013. During this period i paid EMI of around 1,50,000 INR (roughly). With […]

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Whether to buy a house or to stay in rent

Hi Guys, I am confused whether I can stay in rented house or to buy a new house. Max I can make a down payment of 10 lkhs. If I buy a house of 36 lakhs, EMI outgo will be around 27k roughly, I am confused to whether to buy a house or to stay […]

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Do I get documents for car parking allotment from the builder ?

Dear sir, I have purchased flat with car parking. what are document should i get/receive from builder for car parking allotment. regards, pramod kulkarni

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Do I need to pay Service tax for purchase of flat under construction ?

Dear sir, I am living in 12 flat scheme apartment. In the said apartment some flat holder purchased the flat before completion letter recieved from builder My question is – 1) should flat holder pay Service tax to builder? what is circular ? how to calculate service tax ? 2) Is the  exemption from service […]

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Planning to buy DC converted site, what could be the problem with this kind of sites in future ?

Hi, I am Planning to buy a DC converted site (i.e. individual home built on that site), what could be the problem with this kind of sites in future. and what is process to get converted into A khata property. Please explain in details. Thanks Anudeep

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Query on loan on property bought jointly by my mother and me ?

Hi, My mother wants to sell the house and we want to buy a flat jointly with my husband and my  mother with the proceeds. But the flat that we want to buy will be more expensive than the proceeds, we will need to arrange for more funds. PLease guide me in the following ways […]

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Can someone Sell property using WILL ?

Hi, My wife’s grand father has executed and registered an WILL .Below are the points covered in the WILL. Kindly clarify on the queries posted at the bottom. 1. Grandfather had wife, one son and two daughters 2. His wife and son has expired. Two daughters are married and settled. 3. He has an property […]

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