As a legally binding record of membership and share ownership, a Society Share Certificate is a crucial document for housing societies. It indicates that the member possesses a specific quantity of society shares, which is essential for taking part in activities related to the society, such voting and getting dividends.… Read more
Can residential property be used for commercial purposes?
Residential assets may be used as commercial assets with clearance from the neighbourhood authority. Learn how to proceed in regard to this and other details. While housing organisations may object to the complete commercialisation of residential units, this objective is legally possible in some areas. Its position, however, varies by country and even within cities. First, let’s differentiate between residential and commercial assets:… Read more
What is Index 2 Document in property agreement and how can it be downloaded online?
Any property transaction including a sale, gift, or mutation must be registered with the government. In addition, an Index II or Index 2 property document is issued in accordance with Section 55 of the Registration Act of 1908. This legal paperwork, together with other vital documents for record-keeping at the sub-office, registrars specifies the registration of property transactions (SRO).… Read more
What are the Stamp Duty and Property Registration Charges in Mumbai? A Complete Guide!
Buying a home is one of life’s most exciting achievements, yet it’s a journey filled with numerous steps and considerations. From the initial down payment to securing a home loan and signing the final sale agreement, the process can be quite an adventure. One crucial piece of this puzzle that often gets overlooked is understanding the stamp duty and property registration charges in Mumbai. … Read more
Flat Vs Apartment: Key Differences Between Flat and Apartment
Exploring housing options in India? The terms “flat” and “apartment” often come up frequently, but it’s not just about spelling; these words represent distinct concepts in the housing market. While the terms are usually used interchangeably in everyday conversation, there are subtle differences that can impact your choice depending on your lifestyle, budget, and expectations.… Read more
List of the Top Builders and Developers in Mumbai!
Earlier called Bombay, and now Mumbai, it is called ‘City of Dreams’ and for genuine reasons. Being the financial capital of India, the city offers unlimited opportunities for anyone and everyone who is willing to work hard and make his/her name in whatever work he/she does.
That’s why, each day, every train coming to Mumbai brings new people from different parts of India who land in the city with dreams in their eyes and passion in their hearts. And Mumbai, the city-owned by Goddess Mumba Devi, welcomes everyone with open arms to come to prove themselves.… Read more
All To Know About Deemed Let Out Property
Only one of your residential properties may be considered to be used for self-occupied purposes under the regulations for income tax if you own multiple residential properties. The remaining properties must either be released or, even though they are no longer rented out, they may be regarded as released properties.… Read more
Small House, Big Charm: Tips for Designing a Cozy Village Home!
Here are some low-cost village house design ideas for a rustic charm:… Read more
Stamp duty and registration fees for commercial real estate in Kolkata
When transferring ownership of a business’s assets, such as its stores, offices, and showrooms, stamp obligations, and registration fees must be paid. Prices vary across India and are set by the governments of the various states and union territories. You must keep in mind the stamp duty and registration fees levied by the West Bengal government for the metropolitan city if you’re considering investing in commercial real estate in Kolkata. The attention cost or circle rate is used to determine the stamp obligation. You must select the best number for calculation, calculate your price online by visiting a reputable government website, and submit your results.… Read more
What you need to know about AGI loans?
An Army Group Insurance (AGI) loan is issued by private and public sector institutions to achieve various life goals of defence personnel and is overseen by the Army Group Insurance Fund (AGIF). AGI loans provide lower interest rates than traditional loans, a simple and minimum verification process, and flexible repayment options. here we provide a summary!… Read more