Registration of land for a new villa

POSTED BY Vijay Sharma ON February 22, 2013 12:46 pm COMMENTS (5)

Hi, I have bought a new villa from a builder in Bangalore. The deal includes the land and construction thereon. My villa plans have been approved and is in the final stages of completion. My builder is asking me to register the land and not the entire villa which will save me a substantial amount in tax. He says this is common practice. Although he also gives me the choice of registering the entire villa if I want. Can somebody tell me what is the difference between the two?

5 replies on this article “Registration of land for a new villa”

  1. salina says:

    Hlo sir!
    Before 20yrs my father bought land In Rs 10500 .at that time my father give only Rs10000 he leave Rs500 For registration but now main land owner is no more actually i want registration now is this possible? if Possible what is the processor please help me sir.. Give me some suggestions. Thanks.. .

    1. Jagoinvestor Admin says:

      Hi salina

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

      1. salina says:

        I just want to know is that possible .. land registration

        1. Yes, it is possible if the land owner cooperates !

  2. Dear Vijay, you may register only Land but make sure to receive the receipts of all the payments made by you to the builder towards construction. If possible, ask him to make a construction development agreement, if not prepared already.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today