PROPGUIDE − A Complete
Property Guide
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Property surveys may not be legally required but in order to do a due dilligence, they are a must. Most surveyors will do a property valuation for income tax purposes, capital tax calculations, wealth tax, rent and depreciation, property transfer, bank guarantees, auction, stamp duty, acquisition by the authorities, will and testament, home loans, division of property, etc.
The municipal body in a city keeps records of property ownership transfers to fix property tax payment liabilities. And this document is a way to ensure that. Mutation of property shows that a property has been transferred from one person to another, and it also assists authorities in fixing taxpayers' responsibility. Although not a legal document, it will be crucial if you want to sell your property in future.
There have been scores of homebuyers, who have had to suffer prolonged delays in getting possession of their homes, after diligently honouring their end of the deal, owing to mismanagement on the part of developers. In such a situation, nothing could be worse for a buyer, than finding out that the financial health of his lender is also questionable. What should a homebuyer do, in such a scenario?
In what means a big win for homebuyers in the NCR market, the Delhi HC has ruled that aggrieved homebuyers can file their cases against defaulting developers in the consumer forum, that is NCDRC as well as the state RERA.
While it’s easy to pack and shift houses, it’s never easy to unpack and put everything in order again. It often takes days and is quite tiring. Here are some tips on how to unpack in your new house, like a pro.
