tag:blogger.com,1999:blog-55236837444238513122024-02-21T05:57:41.174-08:00bangalore5.comAnonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.comBlogger163125tag:blogger.com,1999:blog-5523683744423851312.post-76502754825814071772017-02-09T22:38:00.001-08:002017-02-09T22:38:12.918-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>BANGALORE REAL ESTATE</b></span></div>
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<span style="font-family: Verdana, sans-serif;">It is an established fact that property prices around any city or town in a developing country will always be increasing. Industrial and commercial activities attract people to the urban areas in large numbers. The rising demand for commercial and residential land causes the cities to swell upwards through multi-storied buildings, and outward through the development of sub-urban areas. This observable fact is evident in all urban areas around the globe. Property prices are bound to increase along with economic progress. But the rate of increase can vary considerably from one place to another.</span></div>
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<span style="font-family: Verdana, sans-serif;">Persons who are considering fixed, short term or long term investments in urban and sub-urban areas should make a detailed study of the causes for existing prices in the particular area they have in mind. <a href="http://www.guidancevalue.com/">Speculative investments </a>may trigger a sharp increase in prices though there are no specific reasons to warrant the rate of increase.A general guideline that can be applied to assess whether a specific rise in real estate prices at a specific place is warranted or not, is to check the proportionate rise in demand for industrial, commercial and residential areas around that place.</span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>Property Development in Bangalore:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Looked among the largest growing cities in the world, Bangalore city has seen a sharp increase in property prices over the past couple of decades. The industrial development of the suburbs has led to the rise of a large number of affluent businessmen, professionals and upper middle class in the city, the majority of them not local residents. </span></div>
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<span style="font-family: Verdana, sans-serif;">The rapid development of the <a href="http://www.guidancevalue.com/">information technology (IT) sector</a> is mainly credited for the high rate of increase in property prices over the recent years, but the real expansion started during the 1970s with the development of huge industrial areas beyond the suburbs of the city. This gave rise to increased demand for commercial space in the central business district of the city. The surrounding residential areas were encroached into and this resulted in the outward expansion of the city.</span></div>
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<span style="font-family: Verdana, sans-serif;">Locations that were once considered far outside the city limits have now become fashionable & lucrative residential areas. The success and expansion of the IT industry increased the demand for commercial and residential space within the old city area, and this led to the upward expansion of Bangalore through high rise structures, and the process is still going on.</span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>Current Trends:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">To ensure that the land is available at reasonable rates for a healthy development of the city, the state government is taking procedures to check further congestion within the old city limits, while at the same time providing infrastructure for proper development in the outskirts. Zoning restrictions have been implemented to thwart haphazard development. Strict action is being taken to curtail the nefarious activities of unscrupulous <a href="http://www.guidancevalue.com/">real estate dealers</a>, who produce forged title deeds and other documents to fraudulently sell property that belongs to others. Even there have been many cases cropping up wherein government lands were illegally disposed of in this manner. While genuine property developers are encouraged, speculators have been restrained from indiscriminately raising property prices. The government policy is to ensure that property, whether built up or as land, is available at reasonable rates.</span></div>
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<span style="font-family: Verdana, sans-serif;">Another major development is the approval of the Central cabinet for the proposed <a href="http://www.guidancevalue.com/">Bangalore Metro Rail Corporation Limited (BMRCL)</a> which is planned to cover 33kms in two corridors.</span></div>
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<a href="http://www.guidancevalue.com/">Market value</a> of the property,</div>
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Bangalore <a href="http://www.guidancevalue.com/">property value</a>, </div>
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Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </div>
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<a href="http://www.guidancevalue.com/">guidance value</a> for registration, </div>
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property <a href="http://www.guidancevalue.com/">advocate selvakumar</a>,</div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-59646364146312073052017-02-08T22:10:00.000-08:002017-02-08T22:10:01.761-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>ENLISTMENT OF DOCUMENTS OPPOSED BY PUBLIC POLICY </b></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIUGX5Y5YC6_aiUT_QJj4WcLxJxjYsLGjAW6fzx3vhxGiurwjGeES0o4tBJjoUEIrFK5UOojREpz6Wgd6gMlgkFD9hDf8NsHZZRSr3XtjQ581iHKjm8OwEDaTvMzBdb7tfMRU6tNyNA6f8/s1600/blogimage.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIUGX5Y5YC6_aiUT_QJj4WcLxJxjYsLGjAW6fzx3vhxGiurwjGeES0o4tBJjoUEIrFK5UOojREpz6Wgd6gMlgkFD9hDf8NsHZZRSr3XtjQ581iHKjm8OwEDaTvMzBdb7tfMRU6tNyNA6f8/s400/blogimage.jpg" width="400" /></a></div>
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<span style="font-family: Verdana, sans-serif;">Could an enlistment of an archive be guaranteed as an issue of right? <a href="http://www.guidancevalue.com/">Indian Registration Act</a>, 1908, has beneath section17 recommended bound records that are compulsorily enlisted capable and underneath area 18, the archives, the enrollment of that is discretionary. All by itself will anyone claim as an issue of right, enlistment of a report that is required underneath <a href="http://www.guidancevalue.com/">section17</a> of Indian Registration Act 1908.Vareious States have corrected the most Registration Act and have surrounded principles there beneath. </span></div>
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<span style="font-family: Verdana, sans-serif;">Karnataka Government has embedded a fresh out of the plastic new segment 22-A, with result from 23.10.1976 that engages the administration to <a href="http://www.guidancevalue.com/">boycott the enrollment of bound records</a> as against open approach, by telling in authority journal, and along these lines the enlisting officers might decline to enlist any such report. </span></div>
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<span style="font-family: Verdana, sans-serif;">Administration of state through <a href="http://www.guidancevalue.com/">Revenue Secretariat Notification No. RD/141</a> </span></div>
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<span style="font-family: Verdana, sans-serif;">MUNOMV/2005, date.23/04/2005, has in activity of forces given underneath area 22-An of Registration Act as altered by Karnataka Act 55 of 1976 has proclaimed enlistment of taking after records as against the overall population arrangement. This can be successful from 06/05/2005. </span></div>
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<span style="font-family: Verdana, sans-serif;">1. Site with or without building in farming land that isn't changed over for non-horticultural reason underneath area ninety five of state Land <a href="http://www.guidancevalue.com/">Revenue Act 1964</a>. </span></div>
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<span style="font-family: Verdana, sans-serif;">2. Site portrayed as Gramathana site (frame no. 9, 10) or option site proclaimed beneath sort no.19 underneath standards encircled beneath <a href="http://www.guidancevalue.com/">state Municipality Act 1964</a>, however not by any stretch of the imagination recover as site. </span></div>
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<span style="font-family: Verdana, sans-serif;">3.site on an income area depicted as Gramathana site or option site or a site with an expanding on that no design set up is endorsed and a discharge testament is issued from local concocting power like <a href="http://www.guidancevalue.com/">BDA, BMRDA, BIAAPA, BMIC</a>. </span></div>
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<span style="font-family: Verdana, sans-serif;">4. site on an income area spoke to as Gramathana site or option site, pads, modern site, mechanical site, while not essential consent underneath segment 79A and 7B filter with <a href="http://www.guidancevalue.com/">segment 109 of state Land Reforms Act. </a></span></div>
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<span style="font-family: Verdana, sans-serif;">Accordingly the exchange of just the accompanying properties is admissible. </span></div>
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<span style="font-family: Verdana, sans-serif;">a)Properties falling underneath <a href="http://www.guidancevalue.com/">Bruhat Bangalore Mahanagara Palike</a>. </span></div>
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<span style="font-family: Verdana, sans-serif;">b) Properties allotted by BDA </span></div>
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<span style="font-family: Verdana, sans-serif;">c) Properties in BDA affirmed formats </span></div>
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<span style="font-family: Verdana, sans-serif;">d) Properties in formats affirmed by option local concocting powers like BMRDA, BlAAPA, BMIC and so forth. </span></div>
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<span style="font-family: Verdana, sans-serif;">In the introduction the warning, it's express that a ton of properties are enlisted upheld sham and created reports that don't leave this world lawfully flawless title to the purchaser. In a few cases, the horticultural area is exchanged by enlistment as non-agrarian area while not so much transforming it to a non-farming reason as per Section ninety five of state Land Revenue Act 1964 and state area stipend Rules 1989. This has prompted heedless development of city and option urban areas.</span></div>
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Market value of the <a href="http://www.guidancevalue.com/">property</a>,</div>
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Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </div>
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property <a href="http://www.guidancevalue.com/">advocate selvakumar</a></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-42298990148309093282017-02-07T21:54:00.002-08:002017-02-07T21:54:43.471-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>IMPORTANCE OF CHOSING A RIGHT CONTRACTOR </b></span></div>
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<span style="font-family: Verdana, sans-serif;">For completing any work identifying with House, we should specific, in picking an ideal individual for the right employment. Actually, parcel of hugeness should be given for selecting the correct individual for doing the work on 'contract'. </span></div>
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<span style="font-family: Verdana, sans-serif;">Maybe it will rely on upon the nature of the work and the last result, would to a great extent rely on upon such choice. While selecting, one must constantly mull over different viewpoints about the temporary worker, including the notoriety and the involvement in the given field, redesigning of the information to the present needs and inclines additionally required to get by in the current focused world. Probably most importantly, trustworthiness in the work pays and it just make the contractual worker prominent among both the representatives and the <a href="http://www.guidancevalue.com/">proprietors</a>. Truth be told, toward the starting, it is extremely hard to pick the opportune individual to complete the work. </span></div>
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<span style="font-family: Verdana, sans-serif;">In this association, we propose a couple variables which may helpful, in picking an opportune individual for the right occupation. It is unnecessary to underscore that in the wake of spending tremendous part of cash in completing the works, we ought not apologize, if the same has not been completed or not finished, by taste and/or if anything has happened bringing about either evaluation of certain structure or changing of example. </span></div>
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<span style="font-family: Verdana, sans-serif;"><span style="color: #741b47;"><b> Keep record:</b></span> </span></div>
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<span style="font-family: Verdana, sans-serif;"> When you hunt down an authority for a specific administration it is important to screen his past execution and the reputation on the specific administration. The record ought to incorporate the time allotment he is taking to finish a specific errand and his aptitudes in the field. On the off chance that fundamental we have to request the past clients contact points of interest to settle on the choice right one. He ought to have the capacity to tweak our thoughts on the work. While redoing the given expense of target ought not be ignored and he ought to have the capacity to tell the general expense of the administration before accepting the employment. Furthermore, especially the time span ought to be unmistakably said before he begins the occupation. On the off chance that it is not completed at the stipulated time the cost overheads will go past our <a href="http://www.guidancevalue.com/">financial plan</a> and it can be said as botch. </span></div>
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<span style="font-family: Verdana, sans-serif;"> <b><span style="color: #741b47;">Nature of work:</span></b></span></div>
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<span style="font-family: Verdana, sans-serif;"> He ought to have the capacity to give the work quality materials and in the event that where are we giving the materials the wastage ought to be minimized to the most minimal levels. The completing ought to be great standard just. </span></div>
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<span style="font-family: Verdana, sans-serif;"> <b><span style="color: #741b47;">Legitimate check: </span></b></span></div>
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<span style="font-family: Verdana, sans-serif;"> The contractual worker ought to be free from any court cases and other <a href="http://www.guidancevalue.com/">lawful matters</a>. Grants and capabilities to be checked to carry out the employment successfully. In the event that anybody does the electrical work without legitimate confirmation from the powers, then the powers might dismiss the permit or pay on the work if anything turns out badly. </span></div>
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<span style="font-family: Verdana, sans-serif;"> <b><span style="color: #741b47;">Joined exertion: </span></b></span></div>
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<span style="font-family: Verdana, sans-serif;"> The work must be finished with his experience and the proprietors thoughts are to be actualized with no deviation. Also, a legitimate assertion must be made to take the necessary steps and it needs to contain the work points of interest and the time allotment and the nature of the materials. Just with the consolidated endeavors the work would be done as per the general inclination of the proprietor and the quality relies on upon the c<a href="http://www.guidancevalue.com/">ontractual worker</a>'s experience. </span></div>
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<span style="font-family: Verdana, sans-serif;"> </span><b style="font-family: Verdana, sans-serif;"><span style="color: #741b47;">Issue administration aptitudes: </span></b></div>
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<span style="font-family: Verdana, sans-serif;"> On doing the <a href="http://www.guidancevalue.com/">administration</a> or work it is important to have the capacity to handle the issues emerging on the specialized some portion of the administration.</span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>FOR MORE:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore <a href="http://www.guidancevalue.com/">property value</a>, </span></div>
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<span style="font-family: Verdana, sans-serif;">Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">guidance value for registration, </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">property <a href="http://www.guidancevalue.com/">advocate selvakumar</a></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-59983827913679032452017-02-06T20:41:00.004-08:002017-02-06T20:41:54.990-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>SELECTING A LOCATION BEFORE SHOPPING FOR A PROPERTY </b></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI2OiHwmqkRashK3GLXhN555fNwFsUeuj6cviFdfGS3h2SIxfP2MoUH9x2mK6F8_g42ucUxKyQ7n6uhS59RGEnpKRPivfeMHCUlQ9uKyZSMhx2MTuWrfjS0jAhYBf4-Bc4gjbphbRAYo5b/s1600/blogimage.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI2OiHwmqkRashK3GLXhN555fNwFsUeuj6cviFdfGS3h2SIxfP2MoUH9x2mK6F8_g42ucUxKyQ7n6uhS59RGEnpKRPivfeMHCUlQ9uKyZSMhx2MTuWrfjS0jAhYBf4-Bc4gjbphbRAYo5b/s400/blogimage.jpg" width="400" /></a></div>
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<span style="font-family: Verdana, sans-serif;">Area is that the most huge aspect before the decision of a property. There shouldn't be a city region close, a range of love associated with the property or a channel line helpful. The point of looking for a <a href="http://www.guidancevalue.com/">property</a> decides the circumstance. It ought to be for self-occupation as a house or for speculation reason. </span></div>
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<span style="font-family: Verdana, sans-serif;">If there should be an occurrence of house/level for own occupation, a private neighborhood in a matter of seconds detached from the guts of town is attractive. Constantly pick endorsed designs by pertinent powers that alter an individual to ask every one of the offices at interims the format. </span></div>
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<span style="font-family: Verdana, sans-serif;">While picking a <a href="http://www.guidancevalue.com/">merchant/promoter</a>, you might want to appear into his diary. Just as you must select a dependable area merchant to locate a satisfactory space for the property. On the off chance that anybody offers property at a less costly rate as against the overarching market rate, then its best, since it ought to connect with beyond any doubt concealed issues, that are difficult to follow. </span></div>
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<span style="font-family: Verdana, sans-serif;">The region should have very much created streets, keen channel and along these lines the community workers should do the trash freedom as often as possible. The Low-lying zones should be dodged as they get immersed all through rainstorm. </span></div>
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<span style="font-family: Verdana, sans-serif;">The nearness and availability to figure place, schools, <a href="http://www.guidancevalue.com/">commercial center</a>, doctor's facilities, railroad, <a href="http://www.guidancevalue.com/">mentor station</a> and recreational focuses is essential. The area should have sufficient managing an account office. Recurrence of open movement, distinctive methods of transport, handiness of open phone stalls and so on., got the chance to be investigated. An area that is way|shortly detached from the in vogue offices and foundation and all things considered sufficiently far to dodge the contamination of town, is attractive. Like a region settled by tight, instructed and enlightened people of cosmopolitan viewpoint. Ensure that the domain isn't home to hostile to social parts. </span></div>
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<span style="font-family: Verdana, sans-serif;">There shouldn't be any assembling plant or workshop especially those that include night shifts, inside of the quick neighborhood. This winds up in sound contamination and restless evenings beside touching the standard of the capacity give. The domain should have normal give of consumable water, power give and brilliant well water table for bore well. </span></div>
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<span style="font-family: Verdana, sans-serif;">Offices like open park/garden for strolls are worth considering. The circumstance of a sanctuary, spot of love or church and profound foundations that sort out standard talks amid this time of anxiety and strain, may be an appreciated issue. Beside the on top of, the size of the plot to fit your <a href="http://www.guidancevalue.com/">financial plan</a> and subsequently the admissible so much (Floor territory Ratio) is imperative. Vaastu is of individual inclination. </span></div>
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<span style="font-family: Verdana, sans-serif;">In the event that the <a href="http://www.guidancevalue.com/">procurement</a> is for venture reason, the likelihood of offering is that the vital issue. A creating space is attractive to a created soaked space. The interest in creating space is moderately low and worth thankfulness is extra. </span></div>
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<span style="font-family: Verdana, sans-serif;">Non-accessibility of parking area and activity limitations adverse affects the <a href="http://www.guidancevalue.com/">value of the property</a>. Availability to the railroad/transport stations, air terminal, star inns and handiness of framework offices assume a vital part. </span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>FOR MORE</b></span></div>
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<span style="font-family: Verdana, sans-serif;"><div>
<a href="http://www.guidancevalue.com/">Market value</a> of the property,</div>
<div>
<a href="http://www.guidancevalue.com/">guidance value</a>,</div>
<div>
Bangalore <a href="http://www.guidancevalue.com/">property value</a>, </div>
<div>
Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </div>
<div>
guidance value for registration, </div>
<div>
property <a href="http://www.guidancevalue.com/">advocate selvakumar</a></div>
</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-63509772696691184412017-02-05T21:09:00.000-08:002017-02-05T21:09:13.316-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; font-family: "verdana" , sans-serif;"><b><span style="color: #741b47;">SELECT A FINANCIER TO FINANCE THE PURCHASE OF YOUR PROPERTY</span></b> </span></div>
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<span style="font-family: "verdana" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdDLPetpwpoYJOoLocGZVpYAJ_TacoIHtb5ndpen0ZyG1Cq0rCAeyyPfqzgy6QYXrkwWKFmQ5pXtPtlAFRTpzSO4o4-ikwrYxM0FJnk_vmId4D_plfrKyqMChRuCrSgzQ9I_IOLM6aG1I4/s1600/blogimage.jpg" imageanchor="1" style="background-color: white; margin-left: 1em; margin-right: 1em;"><img border="0" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdDLPetpwpoYJOoLocGZVpYAJ_TacoIHtb5ndpen0ZyG1Cq0rCAeyyPfqzgy6QYXrkwWKFmQ5pXtPtlAFRTpzSO4o4-ikwrYxM0FJnk_vmId4D_plfrKyqMChRuCrSgzQ9I_IOLM6aG1I4/s400/blogimage.jpg" width="400" /></a></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">You require a law mode at the top of the priority list bound parameters though picking a lender thus accept a call subsequently. It's really troublesome to actuate the best in everything about ensuing parameters thus some sort of bargain must be done on the reason of your needs. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">The parameters are said underneath: </b></span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Sort and Tenor:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> Regardless of whether the lender is giving an advance item to fit your necessities. Regardless of whether the agent is giving the residency of advance that you simply are hunting down. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Rate of Interest:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> This could rely on the sort of <a href="http://www.guidancevalue.com/">Rate of interest</a> that you simply are hunting down i.e. mounted or variable rates of hobby. You need to ceaselessly look at the viable rate when taking under thought every immediate charge and so on furthermore the way of interest estimation. i.e. month to month lessening, yearly decreasing and so forth. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Least and most Loan Amount:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> The base advance amount offered by an agent is indispensable to search out if the lender will back the amount you're looking for. Most HFIs have a higher breaking point on the amount that they'd money. In case you're hunting down a truly gigantic sum, this may be a component that must be considered. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Least and most Age of Customer:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> you'll must be constrained to consider this issue to discover in the event that you coordinate into the age standards orchestrated around the HFI. This could moreover kind a parameter in your approach choosing a HFI to back the procurement of your home. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Greatest Permissible LTV Ratio:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> the most extreme credit that you just would get as respects the value of your home must be looked at. THE parts of the value would even be crucial. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Least Income:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> The monetary profit standards of the HFI are a pertinent parameter that will affect your call. </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"><span style="color: #741b47;"><b>Prerequisite of private warrantors:</b></span> </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">Some HFIs execute a private Guarantor. You might want to analyze this out in the event that you have any reservations in regards to giving a warrantor. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Necessity of Co-proprietors:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> If you plan to look for your home close by a <a href="http://www.guidancevalue.com/">co-proprietor</a>, you'll must be constrained to check regardless of whether the HFI acknowledges the association in the middle of you furthermore the co-proprietor. </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"><b><span style="color: #741b47;">Necessity of Co-candidate:</span></b> </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">As specified for co-proprietors, the HFI can likewise execute exclusively bound connections as association your application as a co-candidate. This must be checked while choosing a lender. </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"><b><span style="color: #741b47;">Pre-Payment Charges:</span></b> </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">Some HFIs charge bound defrayment charges once you mastermind to pay your credit either mostly or completely. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Preparing Fees: </b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">HFIs charge bound expenses as procedure charges that you simply can must be constrained to pay at the season of accommodation of utilization. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Authoritative Fees: </b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">As specified on top of, HFIs also charge body expenses on the credit amount that has been endorsed by the HFI. This could shift from one HFI to an alternate. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Credit Documents: </b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">the sort of credit reports that HFIs execute before affirming your advance would contradict from one HFI to an alternate. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Most extreme time of property at the season of use:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> If you're looking for a property on resale, this parameter would be an essential one as HFIs may have a point of confinement on the age of the property at the season of dispensing the credit. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Pre-endorsed property list:</b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"> Most HFls have a pre-affirmed rundown of properties open that the documentation would be less demanding. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Pre-endorsed rundown of bosses: </b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;"><a href="http://www.guidancevalue.com/">HFIs </a>may have extraordinary rate in case you're a laborer of 1 of its most very much preferred rundown of businesses. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Pre-affirmed manufacturers and comes list: </b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">HFIs can likewise have totally distinctive standards of documentation in case you're looking for a property in any of their pre-endorsed rundown of developers. HFIs, as specified on top of for manufacturers, can likewise have separate plans absolutely comes. </span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">Pre-affirmed Professionals list: </b></span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">HFIs may have bound plans to suit <a href="http://www.guidancevalue.com/">clients of bound callings</a>. </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">The aforementioned territory unit some of the parameters that you simply can must be constrained to consider before choosing your lender. Getting a lender who might give you the best on the whole of the above parameters is about impractical. You would, thusly, must be constrained to decide your needs and determine the status of that lender would furnish you with the best probability.</span></div>
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<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;"><br /></b></span></div>
<div style="text-align: justify;">
<span style="color: #741b47; font-family: "verdana" , sans-serif;"><b style="background-color: white;">FOR MORE:</b></span></div>
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<span style="background-color: white;"><span style="font-family: "verdana" , sans-serif;"></span></span><br />
<div>
<br /></div>
<span style="font-family: "verdana" , sans-serif;">
<div>
<span style="background-color: white;">Bangalore <a href="http://www.guidancevalue.com/">property</a> value, </span></div>
<div>
<span style="background-color: white;">Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </span></div>
<div>
<span style="background-color: white;"><a href="http://www.guidancevalue.com/">guidance value</a> for registration, </span></div>
<div>
<span style="background-color: white;">property <a href="http://www.guidancevalue.com/">advocate selvakumar</a></span></div>
</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-23157399197311242142017-02-03T23:35:00.000-08:002017-02-03T23:35:25.676-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #741b47; font-family: Verdana, sans-serif;">PROCUREMENTS IN BYE-LAWS FOR CREATION OF SINKING FUND </span></b></div>
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<b><span style="color: #741b47; font-family: Verdana, sans-serif;"> <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2K3_76_hhyphenhyphen_o_8I3GXQ7DLZDZ5ehoGRt0paRV2vnA8fuDcfuJZQlz4VMipS1zsROjPr20iRMK7z4PfhW5XsYJ1H3eBga30dSdDBkIAwmH8pKKNNz26embcE_7AgVcvfsZeCpXn-7yCcww/s1600/blog.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="335" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2K3_76_hhyphenhyphen_o_8I3GXQ7DLZDZ5ehoGRt0paRV2vnA8fuDcfuJZQlz4VMipS1zsROjPr20iRMK7z4PfhW5XsYJ1H3eBga30dSdDBkIAwmH8pKKNNz26embcE_7AgVcvfsZeCpXn-7yCcww/s400/blog.jpg" width="400" /></a></div>
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<b><span style="color: #741b47; font-family: Verdana, sans-serif;">The premise on which sinking asset commitment is settled: </span></b></div>
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<span style="font-family: Verdana, sans-serif;">Each building has its ordinary life. Its life is reached out by some more years via completing certain repairs. It is however hazardous to proceed in control of the building which has run its life. A Co-agent lodging society has along these lines to reproduce the building after it has run its life. As it might be troublesome for any co-agent lodging society to raise the assets for reproducing the building from its individuals in a short spell of time, it gets to be important to set up a Sinking Fund right from the beginning of society. A procurement has, in this manner, been made in the bye-laws, empowering a co-agent lodging society to gather commitment towards this asset from its individuals at an altered rate for every month. The rate settled under the bye-laws is ¼ per penny per annum of the expense (b) A level incorporates a godown, showroom shop or a carport. It might be noticed that the commitments at the rate said above are to be gathered just on the expense of development and the estimation of the area incorporated into the expense of development must be barred. A building sinks in course of time because of its wear and tear yet the area stays as it is regardless of the possibility that the building breakdown. </span></div>
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<b><span style="color: #741b47; font-family: Verdana, sans-serif;">The technique for finding out the expense of development of a level in a level proprietors' general public: </span></b></div>
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<span style="font-family: Verdana, sans-serif;">In the event of an open plot sort co-agent lodging society (which has bought or taken a real estate parcel on lease and built building/structures consequently) it is not hard to work out the expense of development of a level just. The trouble in working out the expense of development of a level emerges in specific cases, especially the level proprietor's general public (in which pads are taken by buyers under understandings under area 4 of the Maharashtra Owners Flats <a href="http://guidancevalue.com/">(Regulation of the Promotion of Construction, Sale, Management and Transfer) Act 1963</a>. A manufacturer promoter offers the pads on distinctive events to diverse buyers at diverse costs, despite the fact that the pads are of indistinguishable sizes and there is no distinction in the kind of development and the comforts gave. The cost paid for a level proportionate land likewise and further that the expense of development of a level is not on the premise of actuals. In dominant part of cases the genuine cost paid by a buyer is more than that specified in the understanding. It would in this manner not be right to recoup commitment from individuals at the altered rate towards the Sinking Fund on the premise of worth appeared in the understandings. The developer may be most unwilling to give the genuine expense of development. A Co-agent society has in this way to utilize the office of a draftsman or a valuer, designated in the general body meeting of the development of the building and allot such cost amongst expenses of a level so landed at may be taken as the premise for settling the measure of commitment to the sinking asset in admiration of the level/shop/carport and so forth., </span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: #741b47;">Venture of sinking asset commitment with premium earned consequently:</span></b> </span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: #741b47;"><a href="http://guidancevalue.com/">Venture of Sinking Fund </a>made Obligatory:</span></b> </span></div>
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<span style="font-family: Verdana, sans-serif;">The sum in the <a href="http://guidancevalue.com/">sinking asset</a> is required to be used when the recreation of the building is expected. This is a long stretch. Amid this period the commitment got from individuals by a general public ought to stand contributed on long haul premise so that such a venture will get generous come back to the general public. According to <a href="http://guidancevalue.com/">Bye-law No.15</a> and <a href="http://guidancevalue.com/">Section 70 of M.C.S.Act. 1960</a>. Notwithstanding, the social orders which have not embraced the new procurement, in regards to venture of sinking asset commitment on long haul premise, need not put off the inquiries of the said bye-law in light of the fact that it is to their greatest advantage to guarantee that the commitments are gotten from individuals towards sinking asset on long haul premise every once in a while. </span></div>
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<b><span style="color: #741b47; font-family: Verdana, sans-serif;">The requirement for contributing enthusiasm on Sinking <a href="http://guidancevalue.com/">Fund Investment</a>: </span></b></div>
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<span style="font-family: Verdana, sans-serif;">It is conveyed to the notification of the Co-agent lodging social orders that in the event that they continue contributing just the commitment from individuals towards sinking asset at the rate of ¼ per penny per annum of the expense of development of the pads and use the premium earned on such interests in their organizations, the aggregate sum to the production of sinking asset won't be adequate to meet the expense of remaking of the building just if the sinking asset is contributed on long haul premise, alongside the premium earned on such speculation. </span></div>
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<b><span style="color: #741b47; font-family: Verdana, sans-serif;">Methods of speculation of Sinking Fund: </span></b></div>
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<span style="font-family: Verdana, sans-serif;">A co-agent lodging society can put its asset in the State Co-agent Bank i.e., the Maharashtra State Co-agent Bank Ltd., Bombay or the area Co-agent Bank i.e., the Bombay District Central Co-agent Bank Ltd., of the securities determined under segment 20 of <a href="http://guidancevalue.com/">Indian Trusts Act</a>. Despite the fact that the Registrar can allow Co-operation. Lodging Societies to put their assets in the National banks or other business banks or the <a href="http://guidancevalue.com/">Urban Co-agent Banks</a>. </span></div>
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<span style="font-family: Verdana, sans-serif;">This office is given just to facilitate everyday managing an account exchanges. A long haul venture has, along these lines to be made by Co-agent Housing Societies with both of the two banks named previously. All <a href="http://guidancevalue.com/">Co-agent Housing Societies</a> ought to along these lines, take note of that they need to contribute their sinking asset accumulation is one of the above two banks. So far as securities under segment 20 of the <a href="http://guidancevalue.com/">Indian Trustees Act</a> are concerned, the rundown of the securities in which Co-agent lodging can put their sinking asset is distributed in the new bye-law.</span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>FOR MORE:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><a href="http://guidancevalue.com/">guidance value</a>,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Bangalore <a href="http://guidancevalue.com/">property value</a>,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Karnataka <a href="http://guidancevalue.com/">stamp act</a>,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">guidance value for registration,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">property <a href="http://guidancevalue.com/">advocate selvakumar</a></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-12657928081559184322017-02-02T21:03:00.000-08:002017-02-02T21:03:18.673-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>LAST WILL AND TESTAMENT</b></span></div>
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<b><span style="font-family: Verdana, sans-serif;"> </span></b></div>
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<b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTmGExj-06khwseKxnXYDGo-UAH69rXhJolzyXewUDiQTe2pvJtzpSoZrmuQBs3dhLvAVhC6-xz1xNoqhQZl5JmSuW9qmJa8KZi_paUB5PX_Fem3vupcdQekhXI6KVANHFr_vMx9nJi-R1/s1600/blogimage.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="183" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTmGExj-06khwseKxnXYDGo-UAH69rXhJolzyXewUDiQTe2pvJtzpSoZrmuQBs3dhLvAVhC6-xz1xNoqhQZl5JmSuW9qmJa8KZi_paUB5PX_Fem3vupcdQekhXI6KVANHFr_vMx9nJi-R1/s400/blogimage.jpg" width="400" /></a></b></div>
<b> </b><br />
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.guidancevalue.com/">Testamentary Document</a> or a
testament means a document made by a person whereby he disposes of his property
but unlike a disposal inter vivo, it is unilateral and comes into effect on his
death, and therefore, the document comes into effect on the death of the
testator only. <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">A WILL or testament is
defined as a ‘declaration, made in accordance with the formalities required by
statute, of the intention of the person making it with regard to the matters
which he wishes to take effect upon or after his death. Until then, it is an
inchoate or ambulatory document which can be revoked, modified or substituted
by another such document.<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">‘WILL’ is defined in
<a href="http://www.guidancevalue.com/">Section 2 (1)</a> of the <a href="http://www.guidancevalue.com/">Indian Succession Act</a>, 1925 as the ‘legal declaration of
the intention of a testator with respect to his property which he desires to be
carried into effect after his death’. <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">A will must deal with the
intention of the testator as to how his property is to be dealt after his
death. If such an intention is disclosed and the property is also dealt with,
it is a will, but not otherwise, by whatever name it is called, and provided it
is executed as required by the Law. <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: #741b47;">A will has no standard form
but generally the contents of a will fall under the following heads: </span></b><o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: #741b47;"><br /></span></b></span></div>
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<span style="font-family: Verdana, sans-serif;">(1) Name, address, age,
occupation and community of the testator;<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(2) Clause revoking all
previous wills and other testamentary documents;<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(3) Clause appointing
executors, and trustees. <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">There is no maximum limit
prescribed under Indian Law as to their number unlike English Law where the
maximum limit prescribed is four under Section 160 of the<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.guidancevalue.com/">Supreme Court of Judicature(Consolidation) Act, 1925</a>. <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">But as far as possible the
number of executors should not exceed three.<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(4) Then will come the
clause mentioning specific bequests followed by two clauses:<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"> (a) one containing <a href="http://www.guidancevalue.com/">general bequest</a>; and<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"> (b) the second containing <a href="http://www.guidancevalue.com/">residuarybequest</a>.<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">The last one is very
necessary otherwise if any property is not generally or specifically dealt
with, the testator may be considered as having died intestate in<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"> respect thereof.<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(5) A clause is also
inserted stating that the testator is in sound health and proper state<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"> of understanding though that clause has
not much value; <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(6) The last clause is
about the testimonium and attestation;<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(7 Date of the will can be given in the beginning
or at the end, the latter being the </span><span style="font-family: Verdana, sans-serif;">standard practice.</span></div>
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<span style="font-family: Verdana, sans-serif;">So far as Muslims are
concerned, the provisions of Part VI of the <a href="http://www.guidancevalue.com/">Succession Act, containing Sections57 to 191</a> and which deal with execution of a will, the construction of the
provisions of a will and the different types of legacies do not apply to
Muslims in India. <a href="http://www.guidancevalue.com/">Sections 211 and 212 of Part VI of the Succession Act </a>also do
not apply to Muslims in India.<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">Therefore, so far as
matters such as power to make a will, nature of the will, execution and
attestation thereof etc., are concerned, the Muslims in India are governed by
the <a href="http://www.guidancevalue.com/">Muslim Personal Law</a>. Under that Law, a Muslim can make a WILL orally or in
writing and no form is required for such writing. If the Will is in writing it
need not be attested. A person who is a major and of sound mind can make a will
and he can dispose of his all or any part of his property by will. </span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: #741b47;">However, there are two basic restrictions on
the power of a Muslim to make a will namely:</span></b><o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">1.a bequest to an heir is
not valid except to the extent to which the persons who are heirs of the
testator, at the time of his death, expressly or impliedly consent to the
bequest after his death; and<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">2.Muslim cannot dispose of
his property to a person who is not his heir in excess of one third part thereof,
except in cases such as<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(i) where such excess is
permitted by a valid custom; <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(ii) where there are no
heirs of the testator;<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(iii) where the heirs
existing at the time of the testator’s death have consented to such bequest after
his death; and<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">(iv) where the only heir is
the husband or the wife and the bequest of such excess does not affect his or
her share.<o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;">Any legacy bequeathed in
such excess will abate according to the rules of the Law.A Muslim may change
his will during his life time or cancel his legacy.A will may also become void
if the testator, after making the will, becomes of unsound mind and continues
to be so till his death.Similarly, a bequest which is contingent, or conditional
or in future or is alternative would be void. <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"> <o:p></o:p></span></div>
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<span style="font-family: Verdana, sans-serif;"> <b><span style="color: #741b47;">FOR MORE:</span></b></span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore <a href="http://www.guidancevalue.com/">property value,</a> </span></div>
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<span style="font-family: Verdana, sans-serif;">Stamp duty & <a href="http://www.guidancevalue.com/">registration</a> charge,</span></div>
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<span style="font-family: Verdana, sans-serif;">Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.guidancevalue.com/">Guidance value</a> for registration, </span></div>
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<span style="font-family: Verdana, sans-serif;">Property <a href="http://www.guidancevalue.com/">advocate selvakumar</a></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-48263706225208964262017-02-01T21:05:00.003-08:002017-02-01T21:05:31.440-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>PART OF ENCUMBRANCE CERTIFICATE IN PROPERTY DEALINGS </b></span></div>
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<span style="font-family: Verdana, sans-serif;">Open as a rule oftentimes utilize encumbrance authentications in property exchanges on the grounds that the sole confirmation to set up free and attractive <a href="http://www.guidancevalue.com/">title of the vender</a>. They're underneath the feeling that the encumbrance declaration would unveil every one of the expenses made on a property. Yet, it's not in this way. There is additionally numerous sorts of encumbrances, which can not be reflected inside of the encumbrance declaration. Applying for encumbrance authentication is to be submitted at the regional Sub-Registrar's working environment underneath whose locale the property falls. The endorsed structure for getting an encumbrance authentication is <a href="http://www.guidancevalue.com/">Form No.22</a>. </span></div>
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<span style="font-family: Verdana, sans-serif;">Keeping in mind the end goal to actuate a right and legitimate authentication, it's critical that the candidate ought to unmistakably specify inside of the application the sum that the encumbrance testament is required, watchful depiction of the property, its estimations, limits, furthermore the one that is applying. The encumbrance year starts from April first of a logbook and closes on March thirty first of taking after date-book year. Any part of the encumbrance year pulls in charge for the complete year. The charge recommended is for single property and per individual structure. </span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: #741b47;">Structure No.15 or 16</span></b> </span></div>
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<span style="font-family: Verdana, sans-serif;">The <a href="http://www.guidancevalue.com/">encumbrance declaration</a> is issued either in sort No. 15 or 16. In the event that the property doesn't have any encumbrance all through the genuine sum that encumbrance authentication is needed, then encumbrance endorsement in sort No.16 are issued i.e., Certificate of nil Encumbrance are issued. On the off chance that the property has any encumbrance enlisted all through the genuine sum that encumbrance declaration is needed, then encumbrance authentication in sort No.15 are issued. The authentication in sort No.15 unveils the records enrolled in appreciation of the property, the gatherings to the deed, way of encumbrance, sums secured or executed inside of the same deed, enlisted assortment of the report, book no., volume no., and date. </span></div>
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<span style="font-family: Verdana, sans-serif;">The <a href="http://www.guidancevalue.com/">encumbrance authentication</a> issued dependably is inside of the dialect amid which lists territory unit prepared particularly Registrar or Sub-Registrar's working environment. In the event that the lists aren't in English furthermore the spirit needs endorsement to be prepared in English, then the solicitation of the spirit are consented to the degree feasible. In territory, now handled encumbrance declarations zone unit issued. </span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>Restriction</b> </span></div>
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<span style="font-family: Verdana, sans-serif;">In spite of the fact that an encumbrance authentications reveals every enlisted encumbrance on a chose property all through a sum, its bound constraints. The Encumbrances uncovered inside of the declaration zone unit for the sum that endorsement is issued and encumbrance made all through the sum past this time or all through the later period isn't reflected inside of the authentication. The encumbrance testament is issued in admiration of the property as watchful inside of the structure and not according to the enrolled records of the property. In this way, if the framework of the property spoke to inside of the application doesn't coordinate with the little print of the property as appeared inside of the enlisted archives, then points of interest of such records aren't reflected inside of the encumbrance declaration. </span></div>
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<span style="font-family: Verdana, sans-serif;">The <a href="http://www.guidancevalue.com/">encumbrance authentication</a> uncovers the encumbrances made by reports that zone unit enlisted in an exceedingly express working environment. In distinctive words, it's the concentrate of the property register kept up inside of the Sub-Registrar's working environment furthermore the archive that isn't enlisted and wherever underneath any charge is shaped doesn't get reflected inside of the encumbrance testament. Further, there are a unit bound archives that enlistment isn't required however enrollment is nonmandatory. These records grasp authority archive reports, archive making lease for a measure of not surpassing one year, any declaration or request of a court, or recompense. Since these exchanges aren't compulsorily enrolled prepared, they are doing not see any notice in encumbrance endorsement. </span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>Horticultural Land</b> </span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.guidancevalue.com/">Horticultural terrains</a> territory unit regularly familial. The change of ownership is recorded in income records, transformation register of town panchayath. Such changes of ownership aren't enlisted. Naturally encumbrance declarations don't reflect verity ownership of the agrarian area. R.T.C, Mutation concentrates give complete points of interest of correction of ownership, subtle elements of ownership, transformation of horticultural area to non-farming capacities. Consequently, it's higher to demand and trust RTC and change separates just if there should be an occurrence of rural terrains moreover to the encumbrance declaration. </span></div>
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<span style="font-family: Verdana, sans-serif;">It is persistently sensible to get encumbrance declarations for a base measure of forty three years and to confirm regardless of whether the <a href="http://www.guidancevalue.com/">encumbrance endorsement </a>is issued for the whole measure of your interest and regardless of whether it contains the limits furthermore the estimations of the property, mark of enlisting power furthermore the work environment stamp aside from uncovering the names furthermore the mark of the persons who have looked and checked the records of the property. It's moreover sensible for the planned buyer of property to analyze the property in individual and to confirm and guarantee that the beginning title records range unit available with the dealer. Also to the present, some additional protections like paper notice, watching out in jurisdictional courts for any pending cases might moreover be embraced to shield the hobbies of the vendee. </span></div>
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<span style="font-family: Verdana, sans-serif;">It is recommended that for following the reasonable and attractive <a href="http://www.guidancevalue.com/">title of the property</a>, the buyers mustn't in the primary trust the encumbrance testament issued by the <a href="http://www.guidancevalue.com/">Registrar or Sub-Registrar's office</a>, however ought to look at all changed significant reports, similar to title deeds, most recent <a href="http://www.guidancevalue.com/">khata authentication</a>, <a href="http://www.guidancevalue.com/">khata concentrate</a>, and expense paid receipts.</span></div>
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<span style="color: #741b47; font-family: Verdana, sans-serif;"><b>FOR MORE:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.guidancevalue.com/">Market value</a> of the property,</span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore <a href="http://www.guidancevalue.com/">property value</a>, </span></div>
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<span style="font-family: Verdana, sans-serif;">Karnataka <a href="http://www.guidancevalue.com/">stamp act</a>, </span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.guidancevalue.com/">guidance value</a> for registration, </span></div>
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<span style="font-family: Verdana, sans-serif;">property <a href="http://www.guidancevalue.com/">advocate selvakumar</a></span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-41143149758526288782017-01-31T21:19:00.001-08:002017-01-31T21:19:13.810-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #741b47;">DEFECT IN PROPERTY IS DIFFERENT FROM DEFECT IN TITLE</span></b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9bXQZWq9sCTiuMANSNthkjuzwEMPK3ihMHr_xHTFt_dWBSvNATnSvcTu2b2zVboNEvdIyeVfBjrO_8Vw7TvndpjQzufyRUIVQ3Dnczr7YFuPLY1bFfBQqlUarrMy42gW9ZtmoYu4_Syxg/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="338" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9bXQZWq9sCTiuMANSNthkjuzwEMPK3ihMHr_xHTFt_dWBSvNATnSvcTu2b2zVboNEvdIyeVfBjrO_8Vw7TvndpjQzufyRUIVQ3Dnczr7YFuPLY1bFfBQqlUarrMy42gW9ZtmoYu4_Syxg/s400/blog+image.jpg" width="400" /></a></div>
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In recent times, dealings in real estate in Bangalore have been at the peak. Predominant reason for this is the growth of IT sector and the eagerness of the people to invest their money in real estates in and around Bangalore. As the realestates require huge investments, the purchaser has to take necessary precautions before investing his money to save himself from future complications. If the property transferred suffers from any defect in the title of the vendor, the purchaser does not get good and marketable title. Therefore, the purchaser has to make doubly sure before finalizing the deal, that the vendor has got a valid and marketable title. </div>
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<b><span style="color: #741b47;">Marketable Title:</span></b></div>
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The term “<a href="http://guidancevalue.com/">Marketable title</a>” means a title which is clear and free from reasonable doubts and is a title good against everybody. Thus, it is the title which establishes full ownership of the vendor to the property intended to be conveyed, without reasonable doubt. A buyer is not bound to complete the sale if there are defects in the title to the property which are material and latent. The defect to be material, it is to be of such a nature that if the purchaser were aware of it he would not have entered into the contract of sale at all. </div>
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<b><span style="color: #741b47;">Doubtful or defective title:</span></b></div>
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A title is said to be doubtful when the vendor does not have any conclusive evidence to prove the ownership. The defects in title are generally latent defects which can be found only on investigation of title by <a href="http://guidancevalue.com/">perusal of documents</a>, by an eminent advocate,carrying out searches of Government Departments and Municipal records and by making reasonable enquiries. The vendor is bound to disclose such latent defects known to him. </div>
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<b><span style="color: #741b47;">A title becomes doubtful:</span></b></div>
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1.Where the doubt arises by reason of some uncertainty in law itself;</div>
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2.Where the doubt pertains to the application of some settled principle or rule of law.</div>
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3.Where a matter of fact upon which a title depends is either not in its nature capable of satisfactory proof or is capable of such proof but yet not satisfactorily proved.</div>
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The ownership of the vendor to the property intended to be sold, must be the property traceable from the previous title deeds commencing from the Deed which can be considered as a good root of title and for this purpose at least 30 years previous title would need to be verified. The property should have already been properly transferred from all predecessors-in-title and no third person other than the Vendor should have any right or claim thereto.</div>
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Thus, for example, if ‘A’ has sold the property to B and if it is found that the property under sale belonged to a Hindu Joint Family property and ‘A’ has sold it neither for legal necessity nor after obtaining the consent from Co-Parceners, then the property sold to ‘B’ is said to be defective.</div>
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<b><span style="color: #741b47;">The following are a few instances where the title cannot be termed as defective:</span></b></div>
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-An omission to disclose a prior agreement for sale by the Vendor is not a defect in title.</div>
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-Title by adverse possession is marketable and not a defective title, if proper title by such possession can be successfully made out. A title may be good although there are no Deeds but there must have been such a long uninterrupted possession, enjoyment and dealing with the property as to form a reasonable presumption that the title is absolute .</div>
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-<a href="http://guidancevalue.com/">Loss of title deed</a> is not a defect, if the loss can be explained satisfactorily.</div>
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<b><span style="color: #741b47;">Defect in property:</span></b></div>
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Defect in property is different from the defect in title. A defect in the property only prejudices the purchaser in the physical enjoyment of the property but the defect in title exposes the purchaser to adverse claims. This difference has been enunciated in Section 55 (1) (a) of the Transfer of <a href="http://guidancevalue.com/">Property Act</a>, which provides that the vendor is bound to disclose to the purchaser any material defect in the property or in the vendor’s title. The defects in property are generally patent defects which can be seen on an inspection of the property and the Vendor need not disclose the same so long as the same does not lead to defect in title.</div>
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<b><span style="color: #741b47;">Root of title:</span></b></div>
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In investigating title and in considering whether the title is marketable and free from reasonable doubts, it is necessary to find out the root of the title. Documents are considered as root of the title. A good root of title is a document purporting to deal with the entire property conveyed, which does not depend upon the validity of any previous instrument and without inviting any suspicion on the title of the Vendor. It may also be described as a document of transfer of property showing nothing to cast any doubt on the title. An instrument, the effect of which depends on some earlier document is considered as an instrument with insufficient root of title. In India, there is no law which stipulates statutory period for examination of root or commencement of title. However, it is advisable to investigate the title for a minimum period of 30 years unless the circumstances warrant production of documents beyond 30 years.</div>
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<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Though our law makes it obligatory on the part of the vendors to disclose the defects in title before the sale of a property, purchasers have also to exercise due diligence and investigate the <a href="http://guidancevalue.com/">title of the property</a> before purchasing the same, to avoid future complications.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b><br /></b></div>
<div style="text-align: justify;">
<b><br /></b></div>
<div style="text-align: justify;">
<b><span style="color: #741b47;">FOR MORE</span></b></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<a href="http://guidancevalue.com/">guidance value</a>,</div>
<div style="text-align: justify;">
Bangalore <a href="http://guidancevalue.com/">property</a> value,</div>
<div style="text-align: justify;">
<a href="http://guidancevalue.com/">stamp duty</a> & registration charge,</div>
<div style="text-align: justify;">
Karnataka <a href="http://guidancevalue.com/">stamp act</a>,</div>
<div style="text-align: justify;">
property <a href="http://guidancevalue.com/">advocate selvakumar</a></div>
</span></div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-74037313636519932692017-01-30T22:07:00.002-08:002017-01-30T22:10:35.485-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 style="line-height: 150%; tab-stops: 351.75pt; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="color: #660000; font-family: "verdana" , sans-serif; font-size: 11pt; line-height: 150%;">A GUIDE TO SALES TAX ON APARTMENT BUILDINGS</span></h1>
<h1 style="line-height: 150%; tab-stops: 351.75pt; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif; font-size: 11pt; line-height: 150%;"> </span></h1>
<h1 style="line-height: 150%; tab-stops: 351.75pt; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif; font-size: 11pt; line-height: 150%;"> <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVRT2ISVshFPNqXbatOCteTwbKbKxG6suAQ-fq-HFxumWSwj4eVG-SMRp59IuiBYC-s3_p4bPrBCy3vwheCaa58Dw7iz1Mo3MnyQP2cTfev1KaCyB0D9jogBbPxevHav-yYzCNz30kRQfk/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="302" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVRT2ISVshFPNqXbatOCteTwbKbKxG6suAQ-fq-HFxumWSwj4eVG-SMRp59IuiBYC-s3_p4bPrBCy3vwheCaa58Dw7iz1Mo3MnyQP2cTfev1KaCyB0D9jogBbPxevHav-yYzCNz30kRQfk/s400/blog+image.jpg" width="400" /></a></div>
<o:p></o:p></span></h1>
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<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">Works
Contract is most questioned and often litigated issue within the Court of Law,
and conjointly between the client of the flat and promoter. the choice of the
Hon’ble Supreme Court in Gannon Dunkerleys case stating that the expression
“Sale of products as utilized in Seventh Schedule of Constitution has an
equivalent which means as in Sale of products Act created the law commission in
its sixty 1st report back to advocate to amend the Constitution of India -
consequently forty sixth modification was passed in 1982. This authorized the states to pass laws to
levy tax on transfer of property. the products concerned in execution of works
contract is also within the kind of goods or in the other type. <a href="http://guidancevalue.com/">Article 269 ofthe Constitution</a> provides for levy of tax on sale or purchase of products apart
from news paper. Just in case of interstate trade and commerce, the tax is to
be levied by Government of india, however assigned to the states within which tax is leviable.</span><span lang="EN-US" style="font-family: "verdana" , sans-serif;">Article <a href="http://guidancevalue.com/">286 of the Indian Constitution</a> works as restraint on the authority</span><span lang="EN-US" style="font-family: "verdana" , sans-serif;"> of an equivalent.</span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><span style="color: #4c1130;">Work contract</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">One
should distinguish the distinction between <a href="http://guidancevalue.com/">contract of sale of products</a> and
<a href="http://guidancevalue.com/">contract of labor</a>. The distinction is extremely skinny. Its terms of the
contract and nature of the requirement to be discharged, that distinguishes
works contract from contract purchasable.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">In
case of sale of products, product area unit delivered as they're to the client,
whereas just in case of works contract, the products area unit delivered in an
exceedingly changed type. this could be explained within the purchase of
readymade house, that is sale of products and contract to construct a house,
that may be a works contract. In purchase of readymade house, the home is
delivered because it is, whereas just in case of contract for construction, the
home is made victimisation numerous materials and delivered to the client. This
can be well explained just in case HAL Vs State of province (1984) fifty five
STC 314.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">In
another case HAL Vs State of orissa,Hon’ble Supreme Court has determined that
in contract of works there's someone acting or rendering service on property,
wherever as just in case of sale of property there's individual existence of
the property as an entire, that is being delivered to the client.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="color: #4c1130; font-family: "verdana" , "sans-serif";">Types of Contracts</span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="color: #4c1130; font-family: "verdana" , "sans-serif";"><br /></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";">There
is no well established formula by that contract purchasable and contract of
labor is distinguished.Any contract that contains not solely the work however
conjointly needs product to be used is also of the subsequent 3 types;<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">Contract may be for works to be in hot water
remuneration and also for provide of p</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";">roducts in execution of labor. this can be a composite
contract. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">It is also contract of labor within which use of
materials is related to the execution of the work. this can be contract for
work and labour not involving sale of products.</span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span><span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">It is also co</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";">ntract for provide of products
wherever some work is needed as related to sale. this can be strictly a
contract of labor.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">Agreements,
wherever in land and buildings area unit sent to the potential client and
correct stamp tax is paid on such conveyance area unit transfer of stabile
property and aren't vulnerable to tax below sale tax laws.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><span style="color: #4c1130;">Agreement with Builder</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">However
we tend to shall examine cases, wherever developer executes General Power of
professional in favour of builders for valuable thought such contracts is also
any of the subsequent types;</span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">Power of professional for valuable thought.</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">For valuable thought partially and partially by
manner of made property.</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">Hon’ble
Supreme Court in Raheja Development Corporation Vs State of province (Appeal
[Civil]) 2766 of 2000 5/5/2000 determined that “the definition of works
contract below province <a href="http://guidancevalue.com/">nuisance tax</a> is extremely wide and not restricted to works
contract, it conjointly includes “any agreement for finishing up either for
money or for credit or for any valuable thought, the building and construction
of any movable or stabile property.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">Land
being stabile property isn't to blame for payment of nuisance tax. However once
associate construction takes toward land through a freelance contractor on
behalf of the builder, contractor execution the work is vulnerable to pay works
<a href="http://guidancevalue.com/">contract tax</a>.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><span style="color: #4c1130;">Dual Role of Developer</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">We
can also visualise a scenario wherever a builder himself acts as contractor.In
such scenario the nuisance tax department considers the builder in twin
capability as contractor and as owner/builder.The department is subjecting the
builder to nuisance tax.The relevant case is Mittal investments corporation Vs.
State of province that was determined by Hon’ble tribunal of province. it
absolutely was control as follows;<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">If the building was 1st made and thenceforth in
agreement to be sold-out, then it absolutely was an acquisition of stabile property
that no n</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";">uisance
tax is attracted.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">According to the agreement, some advance has been
taken at the time of execution agreement and also the balance quantity to be
paid in fifteen instalments</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">It has not been established that at the time of
agreement, whether or n</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";">ot
construction has started by the builder.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">The client should purchase the land from the
client and not from the builder.</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif"; mso-bidi-font-family: Calibri;">It isn't clear whether or not plans were
approved, before the execution of agreement.</span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">It
was control that there's transfer of property in product and to blame for
tax. On review petition it absolutely
was control, the builder wouldn't be vulnerable to pay nuisance tax below
section 5B in respect of buildings that are completed before getting in
associate agreement and conjointly in respect of agreements that are entered
when the development of the building was started.However, this was overruled by
Hon’ble Supreme Court just in case of K. Raheja Development Corporation Vs.
State of province<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><span style="color: #4c1130;">Inference</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">The
question whether or not a selected contract is purchasable of products or
contract for work or labour is extremely tough to work out. The distinctions
and terms such by numerous courts aren't complete. They primarily linger over
one or 2 points that have are available the cases, that area unit rigid and
might be created applicable to all or any cases. The deciding issue would be
the contents of contract, the circumstances of the group action of the
prevailing custom of the trade.The levy of the works contract tax is on the
materials utilized in execution of explicit contract, the property that is
ultimately transferred.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><span style="color: #4c1130;">Karnataka sales tax Act</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";">The
provisions regarding works contract below province <a href="http://guidancevalue.com/">nuisance tax Act</a> were
inserted with impact from 01.08.1985 however got impact from 1986.Section
2(29)(b) of <a href="http://guidancevalue.com/">KVAT Act</a> traumatize the Works Contract, that refers to the property
in product concerned in execution of works contract for money or credit.
Section 2(37) defines “Works Contract” as works contract includes any agreement
for finishing up for money, credit or different valuable thought, the building,
construction, manufacture, processing, fabrication, erection, installation,
fitting out, improvement modification, repair, or commission of any movable or
stabile property.</span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><o:p></o:p></span><span lang="EN-US" style="font-family: "verdana" , "sans-serif";">The
contractor should embody the nuisance tax within the quotation itself, in order
that he will collect it from the principle and pay same to the Department, if
not he should pay the nuisance tax on his own profit. The developer should
embody this clause within the agreement to sell and collect the tax from the
client of flat and remit an equivalent to the <a href="http://guidancevalue.com/">business Tax Department</a>.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "verdana" , "sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
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<span lang="EN-US" style="color: #4c1130; font-family: "verdana" , "sans-serif";"><b>FORMORE</b></span></div>
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<span lang="EN-US"><span style="font-family: "verdana" , sans-serif;"><a href="http://guidancevalue.com/">guidance value</a>,</span></span></div>
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<span lang="EN-US"><span style="font-family: "verdana" , sans-serif;">Bangalore <a href="http://guidancevalue.com/">property </a>value,</span></span></div>
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<span lang="EN-US"><span style="font-family: "verdana" , sans-serif;">stamp duty & <a href="http://guidancevalue.com/">registration charge</a>,</span></span></div>
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<span lang="EN-US"><span style="font-family: "verdana" , sans-serif;">Karnataka <a href="http://guidancevalue.com/">stamp act</a>,</span></span></div>
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<span lang="EN-US"><span style="font-family: "verdana" , sans-serif;">guidance value for registration,</span></span></div>
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<span lang="EN-US"><span style="font-family: "verdana" , sans-serif;">property <a href="http://guidancevalue.com/">advocate selvakumar</a></span></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-13513279970593474412017-01-29T22:11:00.000-08:002017-01-29T22:11:59.907-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "verdana" , sans-serif;"><b><span style="color: blue;">DANGERS IN INVESTING IN UNAUTHORIZED LAYOUTS</span></b> </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcwqB7h3Op_lvmIROeE5qquBbfYFyHSyT3lcQ1pYPJSrKp_e9QeIjXteQuJzmOdaFtxRKgLTIWi0u1bcpd__pZcLY7qZp_VYX8jC9PAXpXLRDlgBkD6S3dnkKyUmnYlo8NhdQVX-2qgqvw/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcwqB7h3Op_lvmIROeE5qquBbfYFyHSyT3lcQ1pYPJSrKp_e9QeIjXteQuJzmOdaFtxRKgLTIWi0u1bcpd__pZcLY7qZp_VYX8jC9PAXpXLRDlgBkD6S3dnkKyUmnYlo8NhdQVX-2qgqvw/s400/blog+image.jpg" width="400" /></a></div>
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<span style="font-family: "verdana" , sans-serif;"> </span></div>
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<span style="font-family: "verdana" , sans-serif;">As of late, Bangalore has seen remarkable development in populace because of different reasons, for example, lovely climate conditions, better vocation opportunities and so forth. As an aftereffect of this, there has been a quick increment in the interest for house and house-destinations here. Keeping in mind the end goal to oblige this expanding interest, countless and <a href="http://guidancevalue.com/">Property Dealers</a> have come into picture and have been framing private designs without taking after the compulsory methodology and prerequisite of law making the pure buyers to endure. </span></div>
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<span style="font-family: "verdana" , sans-serif;">To turn away this disaster, it is important that the aiming buyers of unfaltering property in Bangalore to have some information about the way of the property proposed to be bought by them to spare themselves from the danger of putting resources into the resolute property with no legitimate and attractive title. </span></div>
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<span style="font-family: "verdana" , sans-serif;"><b><span style="color: blue;">Powers</span></b> </span></div>
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<span style="font-family: "verdana" , sans-serif;">There are just two powers, which have been approved to endorse designs in and around Bangalore viz., <a href="http://guidancevalue.com/">Bangalore Development Authority</a> [B.D.A.] and <a href="http://guidancevalue.com/">Bangalore Metropolitan Rural Development Authority</a> [B.M.R.D.A]. </span></div>
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<span style="font-family: "verdana" , sans-serif;">While the BDA endorses the design gets ready for development of formats in the terrains falling inside of the metropolitan regions, BMRDA supports format gets ready for arrangement of format in the grounds arranged in the edges of Bangalore. Getting endorsement for the area change and design development from BMRDA is less tedious, less costly and simpler when contrasted with methodology set around the BDA. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Advancement Plan </b></span></div>
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<span style="font-family: "verdana" , sans-serif;">For arranged advancement of a city, legitimate street system, parks, open space, metro conveniences, and an appropriate affirmed format is vital. BDA is the power responsible for arranging and improvement to Bangalore Metropolitan Area. Thorough <a href="http://guidancevalue.com/">Development Plan</a> [CDP] is readied by BDA under the Karnataka Town and Country Planning Act, 1961.The last CDP was arranged and affirmed by Government in the year 1995, which is still in power. </span></div>
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<span style="font-family: "verdana" , sans-serif;"><b><span style="color: blue;">Zonal Regulations</span></b> </span></div>
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<span style="font-family: "verdana" , sans-serif;">Keeping in mind the end goal to advance general wellbeing, security and the general prosperity of the group, it is important to apply sensible confinements on the utilization of area and structures. This is to guarantee that the improvement of the city happens as per the area use arrangement as proposed in the CDP in a most proper and solid way. </span></div>
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<span style="font-family: "verdana" , sans-serif;">By and large, CDP is valid for a term of 20 years from the date of preparation of the plan. The accompanying are the grouping of area uses for different zones: </span></div>
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<span style="font-family: "verdana" , sans-serif;">1.Residential </span></div>
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<span style="font-family: "verdana" , sans-serif;">2.Commercial(retail and entire deal business) </span></div>
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<span style="font-family: "verdana" , sans-serif;">3.Industrial (light and administration commercial enterprises, medium businesses and overwhelming commercial ventures) </span></div>
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<span style="font-family: "verdana" , sans-serif;">4.Public and Semi-open Utilities and Services. </span></div>
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<span style="font-family: "verdana" , sans-serif;">5.Parks and Open space and play areas (counting open recreational zone) </span></div>
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<span style="font-family: "verdana" , sans-serif;">6.Transportation and Communication. </span></div>
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<span style="font-family: "verdana" , sans-serif;">7.Green-belt zone </span></div>
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<span style="font-family: "verdana" , sans-serif;"><b><span style="color: blue;">Unapproved Layouts</span></b> </span></div>
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<span style="font-family: "verdana" , sans-serif;">Destinations framed in unapproved formats are called <a href="http://guidancevalue.com/">Revenue Sites</a>. The lay-outs which are shaped without taking after the compulsory strategy and the necessities of law are called unapproved formats and can be characterized into two:. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Converted land</b></span></div>
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<span style="font-family: "verdana" , sans-serif;">In this sort of formats, destinations are shaped in the grounds which are changed over from farming to non-rural private reason in the wake of acquiring transformation request from the Deputy Commissioner and in congruity with the zonal regulations yet without getting affirmed design arrangement from the able power. Town Panchayats are not skillful to endorse the lay-out arrangements. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Agricultural Land</b></span></div>
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<span style="font-family: "verdana" , sans-serif;">In these designs, destinations are framed on the agrarian grounds not changed over and without acquiring affirmed format arrangement from the skilled power. Buy of this sort of site is exceptionally unsafe as attractive title would not be accessible to the buyer. </span></div>
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<span style="font-family: "verdana" , sans-serif;">Locales shaped in both of the arrangement alluded to above are called as income destinations. In such locales, power, water, sanitation and common conveniences won't be accessible to the site proprietors however giving of these offices are the compulsory prerequisites as imagined under the <a href="http://guidancevalue.com/">Karnataka Town Planning Act, 1961</a>. </span></div>
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<span style="font-family: "verdana" , sans-serif;">In arrangement of destinations in these unapproved designs, Developers assume a key part. So as to accomplish greatest saleable territory, the width of the street and the space allocated for giving community conveniences would not be according to law. The main aim of the designers in such unapproved formats would be to enhance themselves without giving even the essential conveniences to the buyers. Purchasing destinations framed in the changed over area unapproved design is relatively a superior alternative to the one shaped in the non-changed over horticultural area. On the other hand, acquiring locales in unapproved formats won't pass on substantial and attractive title to the transferees.In truth, Bankers even decline to give credits to such destinations either for the buy or for setting up development consequently. Along these lines, locales in unapproved designs are not suggested for procurement. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Affirmed Layouts </b></span></div>
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<span style="font-family: "verdana" , sans-serif;">It is exhorted that the general population who are covetous of obtaining house site may want to buy locales in endorsed formats for the reason that water supply, underground waste, road lights, power supply, community civilities are accessible in these designs. </span></div>
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<span style="font-family: "verdana" , sans-serif;">Legitimate and attractive title are passed on to the buyers. Estimation of destinations acknowledge impressively. Lodging advance offices can be profited for buy of site and for development or more all it is anything but difficult to discard these locales at whatever point required. The accompanying sorts of destinations are recommended for procurement:<b> </b></span></div>
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<span style="font-family: "verdana" , sans-serif;">1. Sites assigned by <a href="http://guidancevalue.com/">BDA</a> without lease. </span></div>
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<span style="font-family: "verdana" , sans-serif;">2. Sites assigned by <a href="http://guidancevalue.com/">KHB</a> without lease. </span></div>
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<span style="font-family: "verdana" , sans-serif;">3.Sites assigned by Co-agent social orders subsequent to acquiring endorsement for arrangement of format from BDA or BMRDA alongside request of arrival of destinations. </span></div>
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<span style="font-family: "verdana" , sans-serif;">4. Sites shaped in the private design, endorsed by BDA or BMRDA alongside request of arrival of destinations.</span></div>
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<span style="font-family: "verdana" , sans-serif;"><b><span style="color: blue;"><br /></span></b></span></div>
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<span style="font-family: "verdana" , sans-serif;"><b><span style="color: blue;">FORMORE</span></b></span></div>
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<span style="font-family: "verdana" , sans-serif;"><a href="http://guidancevalue.com/">Market value</a> of the property,</span></div>
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<span style="font-family: "verdana" , sans-serif;">Karnataka <a href="http://guidancevalue.com/">stamp act</a>,</span></div>
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<span style="font-family: "verdana" , sans-serif;"><a href="http://guidancevalue.com/">guidance value</a> for registration, </span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">property <a href="http://guidancevalue.com/">advocate selvakumar</a></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-39284098858727591912017-01-18T20:33:00.000-08:002017-01-18T20:33:31.823-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";">SURVEY YOUR HOME LOAN OR BUY
PROPERTY VERSUS RENTING IT <o:p></o:p></span></b></div>
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<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"> </span></b><b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"></span></b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIRPb8aatkIFpGlVPcLmhewnlqknSTPPj7OIx5rWwtg09Y7KdcqNyiLOwTyvZXeO9WmDuuLJ2xQafT-stHF2xVrBnbS-0Wi5eOjNV75H99BGJj6_-mvqvmGHGIu15M5ZUB3Un4B3fQoAge/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIRPb8aatkIFpGlVPcLmhewnlqknSTPPj7OIx5rWwtg09Y7KdcqNyiLOwTyvZXeO9WmDuuLJ2xQafT-stHF2xVrBnbS-0Wi5eOjNV75H99BGJj6_-mvqvmGHGIu15M5ZUB3Un4B3fQoAge/s400/blog+image.jpg" width="400" /></a></div>
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<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><br /></span></b></div>
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<span lang="EN-US" style="font-family: "Verdana","sans-serif";">You
ought to <a href="http://guidancevalue.com/">survey</a> your home advance, or your choice to purchase a property versus
leasing it. Here are two instruments which can offer you with your choice some
assistance with making. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">While
there are a few rules and regulations around money related choices to watch out
for, here are two realty opportunities that individuals ought to take a gander
at. <o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Verdana","sans-serif";">1.
Take some time to consider whether in this business sector you need to focus on
<a href="http://guidancevalue.com/">purchasing a property</a>, as rentals are ordinarily, at under 3% of the property
estimation in many urban communities. Individuals moving to another city and
knowing they will be there just for a couple of years, ought to lease.
Ascertain whether you ought to purchase or lease a property on the premise of
your pay and winning costs. <o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Verdana","sans-serif";">Then
again, in the event that you can arrive a decent price tag and see yourself
living in this property for the following 7-10 years, then 2015 may be an
extraordinary year to purchase a home.. Be that as it may, be cautioned, it
could take around 8-10 years as well, for this property to acknowledge
genuinely, at the present property rates. Since purchasing a house is a
passionate choice as much as a budgetary one, an one-size fits all arrangement
doesn't exist. We prescribe that you attempt this <a href="http://guidancevalue.com/">Rent </a>versus Buy Calculator to
figure out what works for you. <o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Verdana","sans-serif";">2.
Since the time that the RBI has ordered that pre-installment charges on <a href="http://guidancevalue.com/">homeloan credits</a> can't be required by banks, exchanging your home advance has
turned into an alluring alternative. Thus renegotiating (exchanging your
advance) could help you in three ways: <o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Verdana","sans-serif";">-
Reduce your <a href="http://guidancevalue.com/">EMI outpourings</a> in these inflationary times. This may very well be
the help you required, particularly if your compensation trek is not exactly
anticipated. <o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Verdana","sans-serif";">-
Keep your EMI the same regardless of the fact that you get a lower financing
cost. Along these lines, the <a href="http://guidancevalue.com/">lower rate deciphers</a> into lower general interest
installments and higher funds. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">-
You can likewise build the EMI yet for a shorter credit residency. This
likewise prompts cash being spared over the long haul, if not quickly. Click
this Refinance Tool to see which choice suits you best. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">In
the event that it's an under-development property you are considering, then
check if the per square feet rate is sufficiently low for you, to have the
capacity to retain a postponement under lock and key. As is regularly the case,
developers delay conveyance of their undertakings. You have to represent this
deferral, when judging whether the value you are getting is still justified,
despite all the trouble, even with a 1-2 year postponement manufactured into
your financial plan. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">Since
this choice is going to take a ton of cash out of your wallet, your essential industriousness
is an absolute necessity. Search for developers with great road qualifications
and whose (dependable) notoriety goes before them. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">While
the realty segment is overwhelmed with unsold stock around the nation, (and
<a href="http://guidancevalue.com/">development firms</a> routinely grumble about how sops are not being offered by the
legislature to purchasers), the truth of the matter is that this division
stacks a ton of edge, far beyond its genuine expenses. So keeping an eye out
for yourself and not getting fleeced - either by banks or realty firms - ought
to be your adage.<o:p></o:p></span></div>
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<span lang="EN-US"><span style="font-family: Verdana, sans-serif;"><a href="http://guidancevalue.com/">Market value</a> of the property,</span></span></div>
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<span lang="EN-US"><span style="font-family: Verdana, sans-serif;"><a href="http://guidancevalue.com/">guidance value, </a></span></span></div>
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<span lang="EN-US"><span style="font-family: Verdana, sans-serif;">Bangalore <a href="http://guidancevalue.com/">property</a> value,</span></span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-85830156943250500662017-01-17T20:30:00.000-08:002017-01-17T20:30:15.675-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>SELECTING A VENDOR </b></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirN0xORNN21t9nde4FKJ9_bS0UE3yItb3EZ31dl40q3ESfn96-hWQIVhroPwD57ZrmWOaDRsLwIJ6W01OlqKCVUpxlaW3xDqG15rxud2_E3Ha4bni1kExFpwvXIA5V8Q-f8w7xjAOuFw3a/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirN0xORNN21t9nde4FKJ9_bS0UE3yItb3EZ31dl40q3ESfn96-hWQIVhroPwD57ZrmWOaDRsLwIJ6W01OlqKCVUpxlaW3xDqG15rxud2_E3Ha4bni1kExFpwvXIA5V8Q-f8w7xjAOuFw3a/s320/blog+image.jpg" width="320" /></a></div>
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<span style="font-family: Verdana, sans-serif;">While selecting a <a href="http://guidancevalue.com/">merchant/promoter</a>, you'd wish to show up into his insight. This may be finished by going by before comes done by the merchant or basically just on the off chance that he's an individual, enquires could be made with those that have had exchanges immediately individual or with individuals living near the property. Similarly you need to choose out a dependable property merchant to look out an <a href="http://guidancevalue.com/">adequate property</a></span><span style="font-family: Verdana, sans-serif;"> </span></div>
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<span style="font-family: Verdana, sans-serif;">Before money your benefit pads or any property, pick a wide brilliant manufacturer/designer/promoter. Try not to get berserk by taking part vivid leaflets. </span></div>
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<span style="font-family: Verdana, sans-serif;">Numerous manufacturers have relinquished their arrives in a to a great degree semi-completed state presenting the emptor to misfortune and mental distress. Account in a to a great degree level that is beneath development by obscure new manufacturers is hazardous. Check the <a href="http://guidancevalue.com/">accreditations</a> of the developer before money your well deserved money. Check the data of the manufacturer for brief conveyance, development models, holding fast to the in understanding worth while not increment, giving conveniences, before booking a level. Affirm that there aren't any deviations from the occasion rules and moreover check the post deals administration. It's most all around got a kick out of the chance to require a prepared to-possess level. In doing consequently, the specialist danger of fund in a to a great degree property to be produced is likewise stayed away from. </span></div>
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<span style="font-family: Verdana, sans-serif;">Try not to be enticed by brilliant ads and intriguing offers, that specify that indistinguishable property is Bank endorsed or B.D.A. endorsed. Lawful conclusions from Bank or from the promoter mustn't be depended upon. It's constantly incite to get a right authoritative archive from prominent attorney before looking for a property. Further, claims of acquiring got B.D.A. N.O.C's or endorsement from B.D.A. on the other hand C.M.C., mustn't be taken as valid inside of the nonattendance of private check without anyone else's input or through a lawyer, from the included office. The property scene is, for example, the theory business; costs can either acknowledge or devalue, in spite of the fact that the recent is uncommon. So it is the refinement at interims the measure of increase in quality and subsequently the measure of your time taken to accomplish such thankfulness in worth, that is fundamental. Moderate and poor thankfulness in worth is style of up to devaluation while quick and substantial gratefulness can give endowments like the same venture can that too with none exertion on the a piece of the<a href="http://guidancevalue.com/"> industrialist.</a> A concentrated investigation of title, area, improvements as of now at interims the house, the normal advancement at interims the house, distinctive offices as of now set up and enveloping spots and a cautious examination of these elements before a deal can promise pleasant endowments to the industrialist and bigger peace and thriving to the<a href="http://guidancevalue.com/"> emptor.</a></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE</b></span></div>
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<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://guidancevalue.com/">Apartments</a> in Bangalore, </span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore property,</span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://guidancevalue.com/">Realestate</a> in Bangalore,</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-41165025185422288042017-01-12T21:16:00.000-08:002017-01-12T21:16:42.121-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b style="background-color: white;">REPATRIATION OF SALE PROCEEDS </b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b style="background-color: white;"> </b></span><img alt="Image result for bangalore5 images" src="https://i1.wp.com/www.posts.architecturelive.in/wp-content/uploads/2016/10/Aditi-GreenScapes-Apartments-Manasaram-Architects-Bangalore5.jpg?resize=636%2C288" /></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•A individual alluded to in sub-segment (5) of Section 6 of the Act, or his successor should not, aside from with the former consent of the Reserve Bank, repatriate outside India the deal continues of any enduring property alluded to in that sub-area </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•In the occasion of offer of resolute property other than rural area/ranch house/manor property in India by a man occupant outside India who is a subject of India (NRI) or a man of Indian birthplace (PIO), the approved merchant may permit repatriation of the deal continues outside India, if the accompanying conditions are fulfilled, to be specific </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">The unflinching property was gained by the vender as per the procurements of the remote trade law in power at the season of securing by him or the procurements of these Regulations </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">The add up to be repatriated does not surpass </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">oThe sum paid for securing of the steadfast property in remote trade got through ordinary managing an account channels or out of assets held in Foreign Currency Non-Resident Account or </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">oThe remote coin equal ,as on the date of installment, of the sum paid where such installment was produced using the assets held in Non-Resident External record for procurement of the property. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•In the instance of private property, the repatriation of offer continues is limited to not more than two such properties. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•In the instance of the offer of an unfaltering property, other than a horticultural area/homestead house/manor property in India by a NRI or PIO, repatriation of the deal continues outside India (counting credit to <a href="http://guidancevalue.com/">RFC, NRE or FCNR Accounts</a>), is permitted. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•Sale continues of any steady property acquired by NRI/PIO from a man occupant in India may be transmitted abroad yet the sum not to surpass USD one million, per timetable year subject to generation of narrative confirmation in backing of legacy and <a href="http://guidancevalue.com/">Tax freedom authentication/no complaint testament </a>from Income Tax power to approved merchant for settlements. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•The RBI has additionally now allowed approved merchants to permit the office of repatriation of assets by NRI/PIO in their Non-inhabitant Ordinary Rupee (NRO) Account up to US $ 1,00,000 every year speaking to the deal continues of the ardent property held by them for a time of at the very least 10 years subject to installment of the pertinent assessments. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">Denial on obtaining or exchange of ardent property in India by subjects of specific nations. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">No individual being a national of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan without former authorization of the Reserve Bank might procure or move unfaltering property in India, other than lease, not surpassing five years. </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b style="background-color: white;">General data with respect to land: </b></span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•NRIs and PIOs may gain any enduring property for private/business purposes in India, other than rural/estate/ranch house, without the consent of Reserve Bank of India. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•No statement is required to be made to the RBI. Just data with respect to points of interest of the property and expenses brought about ought to be given to the RBI. This will help at the season of repatriation. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•No consent from the RBI is required to exchange any unfaltering property other than the rural area or ranch property or a homestead house in India by method for deal to a man inhabitant in India. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•The lock-in time of 3 years has been done away with. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•If property has been obtained through NRE account then repatriation is permitted just for 2 private properties. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•NRI/PIO is allowed to exchange by method for home loan his private business property in India to an approved merchant/lodging account organization in India. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•NRI/PIO can benefit lodging advance in rupees from an approved merchant or lodging money establishment in India affirmed by the National Housing Finance Bank for buy of private convenience or with the end goal of repairs/redesign/change of private settlement, subject to specific terms and conditions. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•Sale continues of private/business property got by method for blessing by NRI/PIO must be credited to NRO account. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•Sale continues of any steady property in India acquired, by a man occupant outside India (i.e. NRI or PIO or remote national of non-Indian cause inhabitant outside India), from a man occupant outside India can't be repatriated by him or his successor without former authorization of the RBI. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•NRI/PIO can lease the private/business property acquired out of remote trade/rupee reserves. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•The buy thought ought to be met either out of internal settlements in outside trade through typical managing an account channels or out of assets from <a href="http://guidancevalue.com/">NRE/FCNR records</a> kept up with banks in India. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•The non-occupant Indians who are staying abroad may go into an understanding through their relatives and/or by executing the Power of Attorney to support them as it is impractical for them to be available for finishing the conventions of procurement (arranging with the manufacturer or Developer, drafting and consenting to of arrangements, taking ownership, and so forth.) These customs can be finished through some known individual who can be given the Power of Attorney for this reason. Force of Attorney ought to be executed on the stamp paper before the best possible dominant voices in remote nations. <a href="http://guidancevalue.com/">Force of Attorney</a> can't be drafted on the stamp paper purchased in India. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•Residential property can be given on rent if not required for prompt private use. Rental pay can't be transmitted abroad and will must be credited to the normal non-occupant rupee record of the proprietor of the property. </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b style="background-color: white;">Assessment rules </b></span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•No assessments to be paid while buying property. </span></div>
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<span style="background-color: white; font-family: Verdana, sans-serif;">•Certain assessments to be paid when offering property. In the event that NRI/PIO has held property for under 3 years then he would need to pay 30% assessment. In the event that property has been held for over 3 years then expense payable is 20%. Duty is payable on rental wage too.At the season of leasing</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Property for sale,</span></div>
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<span style="font-family: Verdana, sans-serif;">Buy property,</span></div>
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<span style="font-family: Verdana, sans-serif;">Sell property, </span></div>
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<span style="font-family: Verdana, sans-serif;">BDA,</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-91533245368543066742017-01-11T22:26:00.002-08:002017-01-11T22:26:41.457-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>DOCUMENTS REQUIRED IN GENERAL FOR LEGAL SCRUTINY REPORT </b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>B.D.A Property:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Amount paid receipt issued towards the payment useful of site by B.D.A. to the allottee.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Allotment letter</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3.Lease humor sale agreement.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">4.<a href="http://propertyregistrations.in/">Possession certificate</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">5.Absolute sale deed</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">6<a href="http://propertyregistrations.in/">.Khatha Certificate</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">7.Latest tax paid receipt</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">8.E.C. from date of allotment until date</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">9.Khatha extract</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">10.Building set up (if any)</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>Converted lands:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Mother deed to trace the origin of property / All alternative relevant <a href="http://propertyregistrations.in/">conveyance deeds.</a></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Conversion Order</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3.Zonal regulation map</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">4.RTC from 1967 until date</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">5.Relevant mutation records.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">6.I.L. &amp; R.R. records</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">7.Nil <a href="http://propertyregistrations.in/">residency certificate</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">8.Nil <a href="http://propertyregistrations.in/">acquisition certificate</a> from the competent authority.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">9.Endorsement from Tahsildar confirming that there's no case unfinished below sec.79(a) and (b) of KLR Act.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">10.Village map/Survey map/Tipny/ Akar Bandh/Atlas</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">11.If the sites are shaped, approved layout decide to be obtained and sketch fixing the sites on the survey map to be obtained.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">12.If the born-again land falls at intervals the view of C.M.C. OR B.M.P., betterment charges to be paid</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">13.Khatha from the involved authority to be obtained.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">14.Latest tax paid receipt.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">15.E.C. for the relevant amount until date.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>B.M.P. Lands:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Mother deed to trace the origin of property / All alternative relevant conveyance deeds.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Betterment charges paid receipt (if applicable)</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3.Khatha certificate </span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">4.Khatha extract</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">5.Sanctioned Building set up</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">6.Latest tax paid receipt.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">7.E.C. for the relevant amount until date</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">8.If it's primarily a born-again land, the documented listed in (c) on top of are needed.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">9.City Survey records;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">a.<a href="http://propertyregistrations.in/">P.T. sheet</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">b.Field book register</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">c.<a href="http://propertyregistrations.in/">P.R. Card</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">d.City survey enquiry report</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>Flats:</b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1. Mother deed to trace the origin of property / All alternative relevant conveyance deeds.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2. Betterment charges paid receipt (if applicable)</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3. Khatha certificate </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">4. Khatha extract</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">5. Sanctioned Building set up from competent authority.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">6.latest tax paid receipt</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">7.E.C. for the relevant amount until date</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">8.If it's primarily a converted land, the documents listed in (c) on top of ar needed.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">9.In case of high rise building, the permission to be obtained from the subsequent departments:</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">a)Airport authority of India</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">b)B.W.S.S.B</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">c) B.E.S.C.O.M</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">d)Telecom</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">e)Fire Force</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">f)Pollution Board</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">10.Commencement and occupancy certificates.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Other than tracing the title of the property, if the property is command by a corporation, Partnership firm or Trust, the subsequent documents ar required:</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;"><b><span style="color: blue;">Company</span></b>:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1. Memorandum &amp; Articles of Association of the corporate.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2. Incorporation certificate.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3. Resolution elapsed the corporate purchasable / purchase of property.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>Partnership Firm</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1. Partnership Deed of the firm.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2. Authorising letter among partners authorizing partners purchasable and get of property.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3. Acknowledgement of registration of firm.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>Trust</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.<a href="http://propertyregistrations.in/">Regd. Trust deed</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Resolution/Authorization letter among trustees authorizing members purchasable and get of property.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://propertyregistrations.in/">Apartments</a> in Bangalore,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Bangalore property, </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><a href="http://propertyregistrations.in/">Realestate</a> in Bangalore,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-84537442109235812442017-01-10T21:35:00.004-08:002017-01-10T21:35:47.299-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>CONSUMERS COURT ORDERS: DEVELOPERS CANNOT HOLD ON CONVEYANCE DEEDS </b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b> </b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b> <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkp1O57hE_T8Ea8kaQbo2bB3TrsiqXlF7OV5QRfx7zqLRWcVTjNfOi8pTB248-ntBU7CqLUBoXKRh4OQiw4_aIuLTNHO0QRPxPJVkCSdFnhvkbuaTD0leDxnFoy5cJpADCMmeg9_FKCOUd/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="121" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkp1O57hE_T8Ea8kaQbo2bB3TrsiqXlF7OV5QRfx7zqLRWcVTjNfOi8pTB248-ntBU7CqLUBoXKRh4OQiw4_aIuLTNHO0QRPxPJVkCSdFnhvkbuaTD0leDxnFoy5cJpADCMmeg9_FKCOUd/s320/blog+image.jpg" width="320" /></a></div>
</b></span></div>
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<span style="font-family: Verdana, sans-serif;">In a series of great court orders that may came as a relief to thousands of housing societies languishing while not a conveyance deed the patron court recently command that a developer will now not hold on to conveyance on the grounds that he must perform any construction on the plot. Quite eightieth of the housing societies in Mumbai don't have the conveyance deed for his or her building, the document transferring the plot to the housing society or the flat purchasers. Most developers don't execute the conveyance deed as they need to use the improvement potential of the plot or any extra <a href="http://www.advocateselvakumar.com/">construction rights</a> on the plot in future.</span></div>
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<span style="font-family: Verdana, sans-serif;">In 3 recent cases that had return up before the patron court, developers argued that their rights to any open area or any development are maintained by the developers. The court not solely dominated in favor of the society in every case however additionally cuffed a significant penalty on the developers for defaulting on conveyance.</span></div>
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<span style="font-family: Verdana, sans-serif;">In Prithvi territorial dominion Society verses Prithvi builders, the court recently asked the developer to execute the conveyance among four months failing with he can need to cough up Rs.2000/-per day of the delay. in step with one in every of the residents, the society was fashioned in 2001 and for years the developer didn’t trouble to either get an occupation certificate for the building or execute the conveyance deed within the name of the purchasers forcing the society to maneuver the patron forum. The court command that unless the developer submits specific building arrange approved by the municipal corporation, he cannot with hold conveyance to the society. The patron court has additionally ordered the developer to pay total of Rs 12.13 lakh to the residents.</span></div>
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<span style="font-family: Verdana, sans-serif;">Similar orders were passed in <a href="http://www.advocateselvakumar.com/">Silver Arch Spring Society</a> versus Sneha builder and in Pleasant Palace Society versus Jain builders. Just in case of Silver Arch Spring, the developer has not solely been asked to allot an exact total as penalty however additionally has been ordered to pay interest on registration charges collected from the society.</span></div>
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<span style="font-family: Verdana, sans-serif;">Just last year, the Maharashtra possession of Flats Act was amended thus on build it obligatory for the developer to execute the deed among four months or the residents will apply for a deemed conveyance with the <a href="http://www.advocateselvakumar.com/">competent authority</a>. However, until date not one file has been cleared below the amended Act.</span></div>
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<span style="font-family: Verdana, sans-serif;">According to property lawyers unless the government simplifies the procedure for deemed conveyance, it'll stay solely on paper. “Right currently residents need to submit thirty six documents additionally to running from pillar to post to induce the deemed conveyance. The recent court orders ar vital, therein they create it clear that developers can’t use flimsy excuse of desirous to build any on the plot for not execution the <a href="http://www.advocateselvakumar.com/">conveyance deed</a>.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>How to recover property once it's unified and divided with adjacent property</b></span></div>
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<span style="font-family: Verdana, sans-serif;">A owner of a plot in possession of the correctty for quite fifteen years and with proper documents, applies for a contemporary computerised <a href="http://www.advocateselvakumar.com/">Khata </a>certificate. Abundant to his shock, in reply, he gets a notice from the Revenue department speech communication that his property is already unified with the adjacent property and additionally divided and new pattas issued to the new house owners. What will he do to recover his property?The case involving B. Ullasavelan and therefore the Collector of Kancheepuram went like this. Mr. Ullasavelan purchased the land measure 50cents and was granted patta in 1991. He was in possession of the property and had been paying the property tax. In 2007, he applied for encumbrance certificate from the amount between 1981 and 2007 and obtained the certificate. Once he afterwards applied to the Tahsildar for a <a href="http://www.advocateselvakumar.com/">contemporary computerised patta</a> in his name, he was afraid to receive a notice.</span></div>
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<span style="font-family: Verdana, sans-serif;">Not solely was his application rejected, he was told that his land measure fifty cents had been unified with adjacent property and divided. Additionally, pattas were granted in respect of these sub-divisions in favor of different people. Mr. Ullasavelan right away submitted an attractiveness to the <a href="http://www.advocateselvakumar.com/">Revenue Divisional officer</a> with a replica to the once no notice was issued to the client who lawfully purchased the property, it amounts to deprivation of his right to property.</span></div>
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<span style="font-family: Verdana, sans-serif;">Collector and gave a criticism to the commissioner of Police. He additionally filed a legal document petition to quash the proceedings of the Tahsildar and direct the tahsildar to cancel the unification of the land and resultant subdivisions. He additionally prayed that a computerised patta be issued to him.</span></div>
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<span style="font-family: Verdana, sans-serif;">Hearing the arguments and researching the records, the Court discovered that the petitioner had valid possession of his property and therefore the chitta and adangal register carried his name until 1988. It additionally discovered that on studying of the relevant records, the property was incorrectly enclosed within the subdivisions and therefore the tahsildar’s order was passed with none notice to the <a href="http://www.advocateselvakumar.com/">petitioner</a>. Therefore, the court dominated that the way during which his subdivisions were created cannot be sustained and therefore the order issued by the tahsildar is against the law and capricious exercise of powers.</span></div>
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<span style="font-family: Verdana, sans-serif;">A direction was issued to the respondents to issue computerised pattas within the name of the petitioner among an amount of four weeks from the date of receipt of a replica of the order.</span></div>
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<span style="font-family: Verdana, sans-serif;">“When no notice was issued to the petitioner before unification and subdivisions are created within the property lawfully purchased by the petitioner, it amounts to deprivation of his right to property. Thus the order passed while not affording any chance amounts to facie illegal and capricious exercise of power and prone to be quashed.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://www.advocateselvakumar.com/">Apartments </a>in Bangalore,</span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore property,</span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.advocateselvakumar.com/">Realestate</a> in Bangalore,</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-78938697349047729172017-01-10T20:46:00.002-08:002017-01-10T20:46:33.865-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>COURT WILL FACILITATE IN REALTY PROBLEMS </b></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMpPOC6ZtBfYzk7InkbZ38azWP2vbNaVLMgoCDiKihjMhTz2qtMbg2oyHQCL2wcSYLTNPVq1Jx6ebsokiuTyvGGt8UzfpJnewyE07IN7IYGEeh0Rq0h-D3oS7pB-g_o1ExljyULpc9AKeK/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMpPOC6ZtBfYzk7InkbZ38azWP2vbNaVLMgoCDiKihjMhTz2qtMbg2oyHQCL2wcSYLTNPVq1Jx6ebsokiuTyvGGt8UzfpJnewyE07IN7IYGEeh0Rq0h-D3oS7pB-g_o1ExljyULpc9AKeK/s320/blog+image.jpg" width="320" /></a></div>
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<span style="font-family: Verdana, sans-serif;">At the point when a substitution city based for the most part homebuyer drew nearer a <a href="http://www.advocateselvakumar.com/">Consumer Court</a> to record an argument against the designer who didn't convey the undertaking on the safe date, she didn't secure that Consumer Courts to concede cases including ownership of property or any entirely postpone in development. These cases are distracted by the common courts. Inside of the higher than specified case, the consumer has officially paid ninety fifth of the full estimation of the property, however keeps on being to urge ownership. The matter is lawful. </span></div>
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<span style="font-family: Verdana, sans-serif;">Like our companion from Indian capital, a few homebuyers don't capture that such cases don't return underneath the circle of consumer courts. On the other hand, delay in development isn't the sole drawback that homebuyers face. There are option cases like inadequacy in administrations at changed focuses notwithstanding when ownership of level, wherever you'll have the capacity to search for encourage of consumer courts. Here's a stock of some such issues amid which you'll have the capacity to take the designer to the purchaser court. </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Development deformities and upkeep: </b></span></div>
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<span style="font-family: Verdana, sans-serif;">There may be varieties from what you were secure, inside of the last style of the level. On the off chance that you are doing not get a comparable style or expense as said inside of the promotions or appeared inside of the specimen level, it's a lack in administrations on the engineer's half. </span></div>
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<span style="font-family: Verdana, sans-serif;">Indeed, even poor development quality will be the reason of a consumer feedback wherever you'll have the capacity to drag the engineer to a purchaser court. "For the essential year when ownership, the developer is defenseless to focus of harms like breaks in water pipes or splits inside of the dividers. In the event that he declines to attempt and do along these lines, you'll have the capacity to hold up a feedback with the consumer court." Says Rajesh Goyal, chief, RG Group, a substitution Delhi-based realty firm. </span></div>
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<span style="font-family: Verdana, sans-serif;">Likewise, it's the designer's obligation to keep up parks, stopping zones, clubs and option such <a href="http://www.advocateselvakumar.com/">civilities</a> for the essential three-five years. On the other hand, just on the off chance that he's not doing an equal, you'll have the capacity to welcome a discount of the number that. You have officially paid at the season of looking for the property. On the off chance that he demonstrations obstinate, you'll have the capacity to drag the d v significant other to the purchaser court. </span></div>
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<span style="font-family: Verdana, sans-serif;">The cost of the level will go up, however barely, over the span of development. This could happen at whatever time all through the advancement. In the event that you consider the understanding paper marked with the designer, you'll see an ascent and-fall or modification statement that allows the engineer to require an one-sided approach esteem correction over the span of development. however' esteem changes depend upon shifted variables like request and give inside of the lodging part, home value credit rates or expenses of crude materials, the proviso does not specify the differ of worth ascent. "There is nothing a considerable measure of that you basically will do in regards to the change on the off chance that you have consented to the developer purchaser arrangement." Says Snehdeep Agarwal, Director, Bhartiya group, a genuine home firm with comes in urban focus. Notwithstanding, if the engineer isn't prepared to legitimize the method of reasoning for a trek in worth, you'll have the capacity to search for <a href="http://www.advocateselvakumar.com/">encourage</a>. </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Abuse of regular zones: </b></span></div>
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<span style="font-family: Verdana, sans-serif;">The designer can't offer the open spaces at interims the reason for setting retailers and workplaces. Advertising of basic territories of the confused could evacuate the extra house that you basically have. It's been resolved inside of the past that designers offer normal zones while not the authorization of the inhabitant's welfare affiliation. Notwithstanding putting in telecom towers on the top of building might want <a href="http://www.advocateselvakumar.com/">authorization</a> of the inhabitants in composing. </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Delay Compensation: </b></span></div>
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<span style="font-family: Verdana, sans-serif;">In spite of the fact that the property ownership cases are distracted by common courts, you'll have the capacity to approach the purchaser court if the engineer neglects to pay you the postponement pay charges in such cases. Most manufacturer emptor assentions have a postponement remuneration provision. With regards to this proviso, partner amount at the velocity of, say, Rs.5-7 for every sq.ft must be paid to the homebuyer just on the off chance that the property isn't conveyed on planned date. </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Case Hearing: </b></span></div>
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<span style="font-family: Verdana, sans-serif;">The hearing in consumer courts is tackled a most optimized plan of attack premise. You will get a judgment in an exceptionally single day if all the required records are in situ. In the event that the court finds the engineer liable, it arranges a remuneration amount that he must pay to you. the purchaser Protection Act, 1986, gives a three-level arrangement of redressal organization - first, at the locale level alluded to as the area gathering; second, at the state level alluded to as the state commission; and third, at the national level alluded to as the national commission. These gatherings bargain in matters of realty further as<a href="http://www.advocateselvakumar.com/"> merchandise.</a> </span></div>
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<span style="font-family: Verdana, sans-serif;">"A consumer will document feedback inside of the region gathering of the locale included wherever the value of items, administrations and remunerations, if any, up to Rs.20lakh. He will approach the state commission for cases including entireties of money in the middle of Rs.20lakh and Rs.1crore, and in this way the national commission for very Rs.1crore." Says fragmentize Khatri, a Delhi-based generally lawyer dynamic inside of the Supreme Court. </span></div>
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<span style="font-family: Verdana, sans-serif;">There is procurement for claims against requests of a chose discussion by the distressed party before resulting higher gathering/commission and even from the discoveries of the national commission under the watchful eye of the Supreme Court.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://www.advocateselvakumar.com/">Apartments</a> in Bangalore,</span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore property,</span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.advocateselvakumar.com/">Realestate</a> in Bangalore,</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-15922148112061628542017-01-09T22:20:00.002-08:002017-01-09T22:20:35.829-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>VOID AGREEMENTS AND CONSIDERATION</b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Void Agreements</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Clause (e) of Section 2 of Indian Contract Act 1872, defines an agreement as every promise and every set of promises forming consideration of each other in an agreement. <a href="http://www.advocateselvakumar.com/index.html">Agreements are instruments</a> wherein two or more parties agree over something, to do some work, to sell or purchase a property. The essential requirement of an agreement are consideration and objects.</span></div>
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<span style="font-family: Verdana, sans-serif;">Void Agreements are those agreements which cannot be enforced in any court of law. An agreement not enforceable by law is said to be void. An agreement which does not comply with the mandatory provisions of a statute is void. If, in an agreement, consideration or a part of consideration or the object is unlawful, such an agreement is a void agreement. Neither of the party to the agreement can seek remedy for violation of such an agreement in any court of law. </span></div>
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<span style="font-family: Verdana, sans-serif;">In general, any agreement without consideration is void. Section 25 of Indian Contract Act 1872, has certain exceptions to this general rule and the following agreements without consideration are not void:</span></div>
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<span style="font-family: Verdana, sans-serif;">a) An agreement which is made in writing registered and made out of natural love and affection by a person standing in a near relationship;</span></div>
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<span style="font-family: Verdana, sans-serif;">b) An agreement which is promise made to compensate for something done for the promisor by a person voluntarily. The compensation may be whole or in part; and </span></div>
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<span style="font-family: Verdana, sans-serif;">c) An agreement which is a promise to pay a debt which is barred by limitation. Such a promise must be in writing and signed by the concerned person or his <a href="http://www.advocateselvakumar.com/index.html">authorized agent</a>. The debt may in whole or in part.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Whether a gift without consideration is Void ?</b></span></div>
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<span style="font-family: Verdana, sans-serif;">By gift one transfers the property without consideration. It is a <a href="http://www.advocateselvakumar.com/">unilateral act </a>of one person. It is not a contract between parties. Section 25 of the Indian contract Act provides that the provisions of the section do not affect the validity of any gift actually made as between the donor and donee, through no consideration is passed.</span></div>
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<span style="font-family: Verdana, sans-serif;">Consideration at most times is the market value of the property. The Indian contract Act simply states that agreements without consideration are void. The Act does not refer to adequacy of consideration. It is matter between the parties to the agreements to decide the amount of consideration. The testing factor is whether the consent was given freely for inadequate consideration. The courts will take inadequacy of consideration in determining whether consent was given freely or not in resolving the disputes. But the agreements cannot be void on the basis of inadequate consideration alone.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Can an agreement restrain a person from seeking legal remedy ?</b></span></div>
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<span style="font-family: Verdana, sans-serif;">As stated earlier, if the object of an agreement is unlawful, such an agreement is void. Any agreement which restrains any party to the agreement from enforcing his rights by the usual legal proceedings in the ordinary courts or tribunals or which limits the time within which he may enforce his rights is void.</span></div>
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<span style="font-family: Verdana, sans-serif;">The consideration and objects are lawful unless,</span></div>
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<span style="font-family: Verdana, sans-serif;">1) They are forbidden by <a href="http://www.advocateselvakumar.com/index.html">laws in force</a>.</span></div>
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<span style="font-family: Verdana, sans-serif;">2) They are of such nature that if permitted they would defect the provisions of any law.</span></div>
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<span style="font-family: Verdana, sans-serif;">3) They are fraudulent.</span></div>
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<span style="font-family: Verdana, sans-serif;">4) They involve or implies injury to the person or property of another.</span></div>
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<span style="font-family: Verdana, sans-serif;">5) The courts regards them as immoral or opposed to public policy.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">Suppose in an agreement to sell, there is a clause that the vendor shall complete the sale transaction within three months of the date of agreement to sell, but fails to comply with this requirement. Whether the agreement would become void and unenforceable?</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Non-compliance of a clause in the agreement to sell would not make the agreement void. The vendor has legal remedy open to him upto three years from the date of such a lapse.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE</b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://www.advocateselvakumar.com/index.html">Apartments </a>in Bangalore,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Bangalore property,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><a href="http://www.advocateselvakumar.com/index.html">Realestate </a>in Bangalore,</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-92157838559074222932017-01-08T21:37:00.001-08:002017-01-08T21:37:23.405-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>DOCUMENTS REQUIRED IN GENERAL FOR LEGAL SCRUTINY REPORT </b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>B.D.A Property:</b></span><span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b> <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz2klJjRQaQnrosc7FgrPfvalgtgjSbA8u6ZxBvrfnFDBsRvxjZ7Qsb4pYGbqmTmHl0nmx9i8E4pZpWizyAFSWvAqA0lql6LxugoJmFAaWWjfYnRP9sCQZKNsE4TrojYP_-fkfnw26HGzo/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz2klJjRQaQnrosc7FgrPfvalgtgjSbA8u6ZxBvrfnFDBsRvxjZ7Qsb4pYGbqmTmHl0nmx9i8E4pZpWizyAFSWvAqA0lql6LxugoJmFAaWWjfYnRP9sCQZKNsE4TrojYP_-fkfnw26HGzo/s1600/blog+image.jpg" /></a></div>
</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Amount paid receipt issued towards the payment useful of site by B.D.A. to the allottee.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Allotment letter</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3.Lease humor sale agreement.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">4.Possession certificate</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">5.Absolute sale deed</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">6.<a href="http://www.advocateselvakumar.com/">Khatha </a>Certificate</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">7.Latest tax paid receipt</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">8.E.C. from date of allotment until date</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">9.Khatha extract</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">10.Building set up (if any)</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>Converted lands:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Mother deed to trace the origin of property / All alternative relevant conveyance deeds.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Conversion Order</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">3.Zonal regulation map</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">4.RTC from 1967 until date</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">5.<a href="http://www.advocateselvakumar.com/">Relevant mutation records</a>.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">6.I.L. &amp; R.R. records</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">7.Nil residency certificate</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">8.Nil acquisition certificate from the competent authority.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">9.Endorsement from Tahsildar confirming that there's no case unfinished below sec.79(a) and (b) of KLR Act.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">10.Village map/Survey map/Tipny/ Akar Bandh/Atlas</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">11.If the sites are shaped, approved layout decide to be obtained and sketch fixing the sites on the survey map to be obtained.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">12.If the born-again land falls at intervals the view of C.M.C. OR B.M.P., betterment charges to be paid</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">13.Khatha from the involved authority to be obtained.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">14.<a href="http://www.advocateselvakumar.com/">Latest tax paid receipt.</a></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">15.E.C. for the relevant amount until date.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>B.M.P. Lands:</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Mother deed to trace the origin of property / All alternative relevant conveyance deeds.</span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">2.Betterment
charges paid receipt (if applicable)<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">3.Khatha
certificate <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">4.Khatha
extract<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">5.Sanctioned
Building set up<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">6.Latest
tax paid receipt.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">7.E.C.
for the relevant amount until date<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">8.If
it's primarily a born-again land, the documented listed in (c) on top of are
needed.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">9.<a href="http://www.advocateselvakumar.com/">CitySurvey records</a>;<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">a.P.T.
sheet<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">b.<a href="http://www.advocateselvakumar.com/">Fieldbook register</a><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">c.P.R.
Card<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">d.City
survey enquiry report<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;">Flats:</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;"><br /></span></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">1.
Mother deed to trace the origin of property / All alternative relevant
conveyance deeds.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">2.
Betterment charges paid receipt (if applicable)<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">3.
Khatha certificate <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">4.
Khatha extract<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">5.
Sanctioned Building set up from competent authority.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">6.latest
tax paid receipt<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">7.E.C.
for the relevant amount until date<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">8.If
it's primarily a converted land, the documents listed in (c) on top of ar
needed.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">9.In
case of high rise building, the permission to be obtained from the subsequent
departments:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">a)Airport
authority of India<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">b)B.W.S.S.B<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">c)
B.E.S.C.O.M<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">d)Telecom<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">e)Fire
Force<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">f)Pollution
Board<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">10.<a href="http://www.advocateselvakumar.com/">Commencement</a>and occupancy certificates.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">Other
than tracing the title of the property, if the property is command by a
corporation, Partnership firm or Trust, the subsequent documents ar required:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;">Company:</span></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><o:p></o:p></span></b><span lang="EN-US" style="font-family: "Verdana","sans-serif";">1.
Memorandum &amp; Articles of Association of the corporate.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">2.<a href="http://www.advocateselvakumar.com/">Incorpora</a></span><span style="font-family: Verdana, sans-serif;"><a href="http://www.advocateselvakumar.com/">tion certificate.</a></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">3.
Resolution elapsed the corporate purchasable / purchase of property.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;">Partnership Firm<o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;"><br /></span></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">1.
Partnership Deed of the firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">2.
Authorising letter among partners authorizing partners purchasable and get of
property.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">3.
Acknowledgement of registration of firm.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;">Trust</span><o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span lang="EN-US" style="font-family: "Verdana","sans-serif";"><span style="color: blue;"><br /></span></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">1.Regd.
Trust deed<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";">2.Resolution/Authorization
letter among trustees authorizing members purchasable and get of property.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";"><b><span style="color: blue;">FORMORE</span></b></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US" style="font-family: "Verdana","sans-serif";"><b><span style="color: blue;"><br /></span></b></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-US"><span style="font-family: Verdana, sans-serif;">2BHK <a href="http://www.advocateselvakumar.com/">Apartments</a> in Bangalore,</span></span></div>
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<span lang="EN-US"><span style="font-family: Verdana, sans-serif;">Bangalore property,</span></span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.advocateselvakumar.com/">Realestate</a> in Bangalore,</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-67860793108273269512017-01-08T21:18:00.003-08:002017-01-08T21:19:56.322-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>DEFECT IN PROPERTY </b></span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd8zOHxAv4q-40pEl_t1khon1wHa_EH1LkEjRw5uaiO6_dUSWYuUsSWL8deYo2GzQCCMi286eZAMuNSuksDMl6lZCKXBoCLnQSWpWynK_Re1OQMFrNOmic2xXVUKA8mqrJbJkuQ23NbxnW/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd8zOHxAv4q-40pEl_t1khon1wHa_EH1LkEjRw5uaiO6_dUSWYuUsSWL8deYo2GzQCCMi286eZAMuNSuksDMl6lZCKXBoCLnQSWpWynK_Re1OQMFrNOmic2xXVUKA8mqrJbJkuQ23NbxnW/s1600/blog+image.jpg" /></a></b></span></div>
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<span style="font-family: "verdana" , sans-serif;">In recent times, dealings in real estate in Bangalore have been at the peak. Predominant reason for this is the growth of IT sector and the eagerness of the people to invest their money in real estates in and around Bangalore. As the realestates require huge investments, the purchaser has to take necessary precautions before investing his money to save himself from future complications. If the property transferred suffers from any defect in the title of the vendor, the purchaser does not get good and marketable title. Therefore, the purchaser has to make doubly sure before finalizing the deal, that the vendor has got a valid and marketable title. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Marketable Title:</b></span></div>
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<span style="font-family: "verdana" , sans-serif;">The term “Marketable title” means a title which is clear and free from reasonable doubts and is a title good against everybody. Thus, it is the title which establishes full ownership of the vendor to the property intended to be conveyed, without reasonable doubt. A buyer is not bound to complete the sale if there are defects in the title to the property which are material and latent. The defect to be material, it is to be of such a nature that if the purchaser were aware of it he would not have entered into the contract of sale at all. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Doubtful or defective title:</b></span></div>
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<span style="font-family: "verdana" , sans-serif;">A title is said to be doubtful when the vendor does not have any conclusive evidence to prove the ownership. The defects in title are generally latent defects which can be found only on investigation of title by perusal of documents, by an <a href="http://www.advocateselvakumar.com/">eminent advocate</a>,carrying out searches of Government Departments and Municipal records and by making reasonable enquiries. The vendor is bound to disclose such latent defects known to him. </span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>A title becomes doubtful:</b></span></div>
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<span style="font-family: "verdana" , sans-serif;">1.Where the doubt arises by reason of some uncertainty in law itself;</span></div>
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<span style="font-family: "verdana" , sans-serif;">2.Where the doubt pertains to the application of some settled principle or rule of law.</span></div>
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<span style="font-family: "verdana" , sans-serif;">3.Where a matter of fact upon which a title depends is either not in its nature capable of satisfactory proof or is capable of such proof but yet not satisfactorily proved.</span></div>
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<span style="font-family: "verdana" , sans-serif;">The <a href="http://www.advocateselvakumar.com/">ownership</a> of the vendor to the property intended to be sold, must be the property traceable from the previous title deeds commencing from the Deed which can be considered as a good root of title and for this purpose at least 30 years previous title would need to be verified. The property should have already been properly transferred from all predecessors-in-title and no third person other than the Vendor should have any right or claim thereto.</span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
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<span style="font-family: "verdana" , sans-serif;">Thus, for example, if ‘A’ has sold the property to B and if it is found that the property under sale belonged to a Hindu Joint Family property and ‘A’ has sold it neither for legal necessity nor after obtaining the consent from Co-Parceners, then the property sold to ‘B’ is said to be defective.</span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
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<span style="font-family: "verdana" , sans-serif;">The following are a few instances where the title cannot be termed as defective:</span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
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<span style="font-family: "verdana" , sans-serif;">-An omission to disclose a<a href="http://www.advocateselvakumar.com/"> prior agreement for sale </a>by the Vendor is not a defect in title.</span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">-Title by adverse possession is marketable and not a defective title, if proper title by such possession can be successfully made out. A title may be good although there are no Deeds but there must have been such a long uninterrupted possession, enjoyment and dealing with the property as to form a reasonable presumption that the title is absolute .</span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
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<span style="font-family: "verdana" , sans-serif;">-Loss of title deed is not a defect, if the loss can be explained satisfactorily.</span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Defect in property:</b></span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Defect in property is different from the defect in title. A defect in the property only prejudices the purchaser in the physical enjoyment of the property but the defect in title exposes the purchaser to adverse claims. This difference has been enunciated in Section 55 (1) (a) of the Transfer of </span><a href="http://www.advocateselvakumar.com/"><span style="font-family: "verdana" , sans-serif;">Property</span><span style="font-family: "verdana" , sans-serif;">A</span></a><span style="font-family: "verdana" , sans-serif;"><a href="http://www.advocateselvakumar.com/">property Act</a>, which provides that the vendor is bound to disclose to the purchaser any material defect in the property or in the vendor’s title. The defects in property are generally patent defects which can be seen on an inspection of the property and the Vendor need not disclose the same so long as the same does not lead to defect in title.</span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>Root of title:</b></span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In investigating title and in considering whether the title is marketable and free from reasonable doubts, it is necessary to find out the root of the title. Documents are considered as root of the title. A good root of title is a document purporting to deal with the entire property conveyed, which does not depend upon the validity of any previous instrument and without inviting any suspicion on the title of the Vendor. It may also be described as a document of transfer of property showing nothing to cast any doubt on the title. An instrument, the effect of which depends on some earlier document is considered as an instrument with insufficient root of title. In India, there is no law which stipulates statutory period for examination of root or <a href="http://www.advocateselvakumar.com/">commencement of title</a>. However, it is advisable to investigate the title for a minimum period of 30 years unless the circumstances warrant production of documents beyond 30 years.</span></div>
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<span style="font-family: "verdana" , sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Though our law makes it obligatory on the part of the vendors to disclose the defects in title before the sale of a property, purchasers have also to exercise due diligence and investigate the title of the property before purchasing the same, to avoid future complications.</span></div>
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<span style="color: blue; font-family: "verdana" , sans-serif;"><b>FORMORE</b></span></div>
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<span style="font-family: "verdana" , sans-serif;">2BHK <a href="http://www.advocateselvakumar.com/">Apartments </a>in Bangalore, </span></div>
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<span style="font-family: "verdana" , sans-serif;">Bangalore <a href="http://www.advocateselvakumar.com/">property</a>, </span></div>
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<span style="font-family: "verdana" , sans-serif;"><a href="http://www.advocateselvakumar.com/">Realestate </a>in Bangalore, </span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-29417400792850132872017-01-05T21:04:00.003-08:002017-01-05T21:04:56.948-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: blue; font-family: Verdana, sans-serif;">DEFECT IN PROPERTY IS DIFFERENT FROM DEFECT IN TITLE </span></b></div>
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<span style="font-family: Verdana, sans-serif;"> <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2GmpWAHMQdf4yhl5Syyzp29Xp04TX6nDXr1z8J_txFESPIMxefndN0trUV_ylZD4lWj6X944eSza2_gotZopz-XVNbzMD17U03u4lD3ChiwEy5gCXVFAhsLPm2CocaEPiusON20DeUk5I/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2GmpWAHMQdf4yhl5Syyzp29Xp04TX6nDXr1z8J_txFESPIMxefndN0trUV_ylZD4lWj6X944eSza2_gotZopz-XVNbzMD17U03u4lD3ChiwEy5gCXVFAhsLPm2CocaEPiusON20DeUk5I/s1600/blog+image.jpg" /></a></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">In recent times, dealings in real estate in Bangalore have been at the peak. Predominant reason for this is the growth of IT sector and the eagerness of the people to invest their money in real estates in and around Bangalore. As the real estates require huge <a href="http://www.advocateselvakumar.com/">investments</a>, the purchaser has to take necessary precautions before investing his money to save himself from future complications. If the property transferred suffers from any defect in the title of the vendor, the purchaser does not get good and marketable title. Therefore, the purchaser has to make doubly sure before finalizing the deal, that the vendor has got a valid and marketable title. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: blue; font-family: Verdana, sans-serif;">Marketable Title: </span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">The term <a href="http://www.advocateselvakumar.com/">“Marketable title”</a> means a title which is clear and free from reasonable doubts and is a title good against everybody. Thus, it is the title which establishes full ownership of the vendor to the property intended to be conveyed, without reasonable doubt. A buyer is not bound to complete the sale if there are defects in the title to the property which are material and latent. The defect to be material, it is to be of such a nature that if the purchaser were aware of it he would not have entered into the contract of sale at all. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: blue; font-family: Verdana, sans-serif;">Doubtful or defective title: </span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">A title is said to be doubtful when the vendor does not have any conclusive evidence to prove the ownership. The defects in title are generally latent defects which can be found only on investigation of title by <a href="http://www.advocateselvakumar.com/">perusal of documents</a>, by an eminent advocate, carrying out searches of Government Departments and Municipal records and by making reasonable enquiries. The vendor is bound to disclose such latent defects known to him. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><b><span style="color: blue;">A title becomes doubtful:</span></b> </span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">1.Where the doubt arises by reason of some uncertainty in law itself; </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2.Where the doubt pertains to the application of some settled principle or rule of law. </span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">3.Where a matter of fact upon which a title depends is either not in its nature capable of satisfactory proof or is capable of such proof but yet not satisfactorily proved. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">The ownership of the vendor to the property intended to be sold, must be the property traceable from the previous title deeds commencing from the Deed which can be considered as a good root of title and for this purpose at least 30 years previous title would need to be verified. The property should have already been properly transferred from all predecessors-in-title and no third person other than the Vendor should have any right or claim thereto. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Thus, for example, if ‘A’ has sold the property to B and if it is found that the property under sale belonged to a Hindu Joint Family property and ‘A’ has sold it neither for legal necessity nor after obtaining the consent from <a href="http://www.advocateselvakumar.com/">Co-Parceners</a>, then the property sold to ‘B’ is said to be defective. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: blue; font-family: Verdana, sans-serif;">The following are a few instances where the title cannot be termed as defective: </span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">-An omission to disclose a prior agreement for sale by the Vendor is not a defect in title. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">-Title by adverse possession is marketable and not a defective title, if proper title by such possession can be successfully made out. A title may be good although there are no Deeds but there must have been such a long uninterrupted possession, enjoyment and dealing with the property as to form a reasonable presumption that the title is absolute . </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">-Loss of title deed is not a defect, if the loss can be explained satisfactorily. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: blue; font-family: Verdana, sans-serif;">Defect in property: </span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Defect in property is different from the defect in title. A defect in the property only prejudices the purchaser in the physical enjoyment of the property but the defect in title exposes the purchaser to adverse claims. This difference has been enunciated in Section 55 (1) (a) of the Transfer of Property Act, which provides that the vendor is bound to disclose to the purchaser any material defect in the property or in the vendor’s title. The defects in property are generally patent defects which can be seen on an inspection of the property and the Vendor need not disclose the same so long as the same does not lead to defect in title. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<b><span style="color: blue; font-family: Verdana, sans-serif;">Root of title: </span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">In investigating title and in considering whether the title is marketable and free from reasonable doubts, it is necessary to find out the root of the title. Documents are considered as root of the title. A good root of title is a document purporting to deal with the entire <a href="http://www.advocateselvakumar.com/">property</a> conveyed, which does not depend upon the validity of any previous instrument and without inviting any suspicion on the title of the Vendor. It may also be described as a document of transfer of property showing nothing to cast any doubt on the title. An instrument, the effect of which depends on some earlier document is considered as an instrument with insufficient root of title. In India, there is no law which stipulates statutory period for examination of root or commencement of title. However, it is advisable to investigate the title for a minimum period of 30 years unless the circumstances warrant production of documents beyond 30 years. </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Though our law makes it obligatory on the part of the vendors to disclose the defects in title before the sale of a property, purchasers have also to exercise due diligence and investigate the title of the property before purchasing the same, to avoid future complications.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://www.advocateselvakumar.com/">Apartments</a> in Bangalore, </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Bangalore property,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><a href="http://www.advocateselvakumar.com/">Realestate</a> in Bangalore,</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-45913048060462828582017-01-04T21:29:00.005-08:002017-01-04T21:29:59.232-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Verdana, sans-serif;"><br /><b><span style="color: blue;">A GUIDE TO SALES TAX ON APARTMENT BUILDINGS </span></b></span></div>
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</b></span><br />Works Contract is most questioned and often litigated issue within the Court of Law, and conjointly between the client of the flat and promoter. the choice of the Hon’ble Supreme Court in Gannon Dunkerleys case stating that the expression “Sale of products as utilized in Seventh Schedule of Constitution has an equivalent which means as in Sale of products Act created the law commission in its sixty 1st report back to advocate to amend the Constitution of India - consequently forty sixth modification was passed in 1982. This authorized the states to pass laws to levy tax on transfer of property. the products concerned in execution of works contract is also within the kind of goods or in the other type. Article 269 of the Constitution provides for levy of tax on sale or purchase of products apart from news paper. Just in case of interstate trade and commerce, the tax is to be levied by Government of india, however assigned to the states within which tax is leviable.<br /><br /><a href="http://www.advocateselvakumar.com/">Article 286 </a>of the Indian Constitution works as restraint on the authority of an equivalent.<br /><br /><b><span style="color: blue;">Work contract</span></b><br /></span><span style="font-family: Verdana, sans-serif;">One should distinguish the distinction between contract of sale of produc</span><span style="font-family: Verdana, sans-serif;">ts </span><span style="font-family: Verdana, sans-serif;"><a href="http://contract%20of%20labor/">contract of labor</a>. The distinction is extremely skinny. Its terms of the contract and nature</span><span style="font-family: Verdana, sans-serif;"> and of the requirement to be discharged, that distinguishes works contract from contract purchasable.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br />In case of sale of products, product area unit delivered as they're to the client, whereas just in case of works contract, the products area unit delivered in an exceedingly changed type. this could be explained within the purchase of readymade house, that is sale of products and contract to construct a house, that may be a works contract. In purchase of readymade house, the home is delivered because it is, whereas just in case of contract for construction, the home is made victimisation numerous materials and delivered to the client. This can be well explained just in case HAL Vs State of province (1984) fifty five STC 314.<br /><br />In another case HAL Vs State of orissa,Hon’ble Supreme Court has determined that in contract of works there's someone acting or rendering service on property, wherever as just in case of sale of property there's individual existence of the property as an entire, that is being delivered to the client.<br /><b><span style="color: blue;"><br />Types of Contracts</span></b><br />There is no well established formula by that contract purchasable and contract of labor is distinguished.Any contract that contains not solely the work however conjointly needs product to be used is also of the subsequent 3 types;<br /><br />Contract may be for works to be in hot water remuneration and also for provide of products in execution of labor. this can be a <a href="http://www.advocateselvakumar.com/">composite contract. </a><br />It is also contract of labor within which use of materials is related to the execution of the work. this can be contract for work and labour not involving sale of products.<br /><br />It is also contract for provide of products wherever some work is needed as related to sale. this can be strictly <a href="http://www.advocateselvakumar.com/">a contract of labor.</a><br />Agreements, wherever in land and buildings area unit sent to the potential client and correct stamp tax is paid on such conveyance area unit transfer of stabile property and aren't vulnerable to tax below sale tax laws.<br /><br /><b><span style="color: blue;">Agreement with Builder</span></b><br /><br />However we tend to shall examine cases, wherever developer executes General Power of professional in favour of builders for valuable thought such contracts is also any of the subsequent types;<br /><br />Power of professional for valuable thought.<br /><br />For valuable thought partially and partially by manner of made property.<br /><br />Hon’ble Supreme Court in Raheja Development Corporation Vs State of province (Appeal [Civil]) 2766 of 2000 5/5/2000 determined that “the definition of works contract below province nuisance tax is extremely wide and not restricted to works contract, it conjointly includes “any agreement for finishing up either for money or for credit or for any valuable thought, the building and construction of any movable or stabile property.<br /><br />Land being stabile property isn't to blame for payment of nuisance tax. However once associatey construction takes toward land through a freelance contractor on behalf of the builder, contractor execution the work is vulnerable to pay works contract tax.<br /><br /><br /><br /><b><span style="color: blue;">Dual Role of Developer</span></b><br />We can also visualise a scenario wherever a builder himself acts as contractor.In such scenario the nuisance tax department considers the builder in twin capability as contractor and as owner/builder.The department is subjecting the builder to nuisance tax.The relevant case is Mittal investments corporation Vs. State of province that was determined by Hon’ble tribunal of province. it absolutely was control as follows;<br /><br />If the building was 1st made and thenceforth in agreement to be sold-out, then it absolutely was an acquisition of stabile property that no nuisance tax is attracted.<br /><br />According to the agreement, some advance has been taken at the time of execution agreement and also the balance quantity to be paid in fifteen instalments<br /><br />It has not been established that at the time of agreement, whether or not construction has started by the builder.<br /><br />The client should purchase the land from the client and not from the builder.<br /><br />It isn't clear whether or not plans were approved, before the execution of agreement.<br /><br />It was control that there's transfer of property in product and to blame for tax. On review petition it absolutely was control, the builder wouldn't be vulnerable to pay nuisance tax below section 5B in respect of buildings that are completed before getting in associate agreement and conjointly in respect of agreements that are entered when the development of the building was started.However, this was overruled by Hon’ble Supreme Court just in case of K. Raheja Development Corporation Vs. State of province<br /><br /><b><span style="color: blue;">Inference</span></b><br /><br />The question whether or not a selected contract is purchasable of products or contract for work or labour is extremely tough to work out. The distinctions and terms such by numerous courts aren't complete. They primarily linger over one or 2 points that have are available the cases, that area unit rigid and might be created applicable to all or any cases. The deciding issue would be the contents of contract, the circumstances of the group action of the prevailing custom of the trade.The levy of the works contract tax is on the materials utilized in execution of explicit contract, the property that is ultimately transferred.<br /><br /><b><span style="color: blue;">Karnataka sales tax Act</span></b><br /><br />The provisions regarding works contract below province nuisance tax Act were inserted with impact from 01.08.1985 however got impact from 1986.Section 2(29)(b) of KVAT Act traumatize the Works Contract, that refers to the property in product concerned in execution of works contract for money or credit. Section 2(37) defines “Works Contract” as works contract includes any agreement for finishing up for money, credit or different valuable thought, the building, construction, manufacture, processing, fabrication, erection, installation, fitting out, improvement modification, repair, or commission of any <a href="http://www.advocateselvakumar.com/">movable or stabile property.</a><br /><br /><br /><br />The contractor should embody the nuisance tax within the quotation itself, in order that he will collect it from the principle and pay same to the Department, if not he should pay the nuisance tax on his own profit. The developer should embody this clause within the agreement to sell and collect the tax from the client of flat and remit an equivalent to the business Tax Department.</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-36505626071433105372017-01-03T21:00:00.004-08:002017-01-03T21:00:47.351-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>About a Sale Deed</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Sale Deed is also known as<a href="http://www.advocateselvakumar.com/"> conveyance deed</a>. This is the document by which the seller transfers his right to the purchaser, who, in turn, acquires an absolute ownership of the property. This document is executed subsequent to the execution of the sale agreement and after compliance of various terms and conditions detailed in the sale agreement.</span></div>
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<span style="font-family: Verdana, sans-serif;">Before the execution of the sale deed the title of the seller is to be established beyond doubt. Copies of the documents of title must be scrutinized by an advocate, well versed and experienced in property dealings.</span></div>
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<span style="font-family: Verdana, sans-serif;">If there is any <a href="http://www.advocateselvakumar.com/">encumbrance</a> on the property, such encumbrance is to be cleared by the seller at his cost. All statutory payments like property tax, water and power charges and any other payments due on the property should be cleared before the execution of the Sale Deed. Any previous charges or mortgage should be clear before execution of the Sale Deed.</span></div>
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<span style="font-family: Verdana, sans-serif;">Clearances, and permissions required to be obtained by the seller should be obtained prior to execution of the sale deed. Latest encumbrance certificate of the property, subsequent to the date of the sale agreement up to the proximate date of sale deed should be obtained, and such certificate should be of nil encumbrances. All the persons having interest in the property should be made parties to the deed. Particular attention needs to be paid in case of purchase of properties from a Limited Company, Partnership Firm, Hindu Undivided Family, Trust, Power of Attorney Holder and Minor.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Draft Sale Deed</b></span></div>
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<span style="font-family: Verdana, sans-serif;">A <a href="http://www.advocateselvakumar.com/">draft Sale Deed</a>, containing full details of the parties, advance amount paid, mode of balance amount payable, receipt of the balance amount by the seller, handing over the original documents of the property, handing over the possession of the property, handing over the authorization letter to transfer power and water meters, signing of the application for transfer of khata, title of the seller of the property, indemnifying the purchaser in case of defect in the title, easement rights, will be prepared by the purchaser’s advocate. Such draft Sale Deed should be captioned as draft Sale Deed and shall be signed by the purchaser’s advocate.</span></div>
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<span style="font-family: Verdana, sans-serif;">A copy of the draft Sale Deed will be given to the seller for his approval. The seller and his advocate will verify the draft sale deed and approve it, or may suggest suitable deletions, additions or amendments. The purpose is to bring forth the correct intention of the parties to the Sale Deed.</span></div>
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<span style="font-family: Verdana, sans-serif;">On approval of the draft Sale Deed, the same has to be prepared on a quality or a document paper. In Karnataka it may be prepared on good quality paper like bond paper or green paper and the stamp duty may be paid by way of demand draft or pay order or cash. The exact amount of stamp duty should be ascertained from the <a href="http://www.advocateselvakumar.com/">Sub Registrar office.</a> Purchaser is liable to pay the Stamp duty as per value stated in the documents or as per the Sub- Registrar office value whichever is higher.</span></div>
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<span style="font-family: Verdana, sans-serif;">After the Sale Deed is prepared all the parties to the deed shall execute it by affixing full signatures. Each page should be signed by all the <a href="http://www.advocateselvakumar.com/">sellers</a>. Any overwriting, cancellations, erasures and additions have to be authenticated by full signatures of the parties. The execution of the Sale Deed requires to be witnessed by two witnesses. The witnesses shall give their full particulars and addresses.</span></div>
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<span style="font-family: Verdana, sans-serif;">Sale Deed of immovable property of value more than Rupees one hundred needs compulsory registration. The duly executed sale deed should be presented at the jurisdictional sub-registrar office. All the parties, including the confirmation witnesses shall be present at the time of registration and admit the execution. Purchaser also has to be presented for the execution of the documents at the Sub Registrars office. In case the purchaser is not in position to be present before Sub Registrar, he can give Power of Attorney to any of his persons to sign and present the documents on his behalf. In case seller signs the Sale Deed, it is compulsory that through the registered Power of Attorney holder only can represent for him to present the documents before the Sub-Registrar.</span></div>
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<span style="font-family: Verdana, sans-serif;">In Karnataka, the Sub-Registrars office, take the photos of purchaser, vendors, witness and also their thumb impressions and print the same on the Sale Deed. The vendors has to produce all the original documents pertaining to the property to the purchaser. If the property is divided into one or more portions, the seller has to give certified copy or Xerox copy of the documents to the purchaser and has to give declaration to that effect. Generally, the larger portion holder should get the original documents. </span></div>
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<span style="font-family: Verdana, sans-serif;">There is a time limit for presenting the documents for registration. The time limit is four months from the date of execution. Thereafter a grace period of another four months is allowed on <a href="http://www.advocateselvakumar.com/">payment of penalty</a>. The maximum penalty is ten times of registration charges.</span></div>
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<span style="font-family: Verdana, sans-serif;">At times, the registering authorities may dispute the stamp duty paid. In such cases, the purchaser has an option of paying the additional stamp duty by way of cash or pay order. The purchaser may contest it in which case the Sub Registrar will do the pending registrations and send it to the Registrar of under Valuation to arrive at proper Stamp Duty.</span></div>
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<span style="font-family: Verdana, sans-serif;">Parties have to quote their Income Tax Permanent Account Number in case the transactions are done in cash for the property which values more than Rs 5,00,000. Parties, who have not yet been allotted Permanent Account Number, will have to file<a href="http://www.advocateselvakumar.com/"> Form No.60 or Form No. 61 in case of Agriculturists.</a></span></div>
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<span style="font-family: Verdana, sans-serif;">The purchaser’s advocate has to take all precautions while preparing Sale Deed. It is a most important document and decides the fate of the purchaser. The purchaser has to preserve the Sale Deed very safely.</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-83199225004264708032017-01-02T21:06:00.002-08:002017-01-02T21:06:31.469-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>DOCUMENTS TO BE PRODUCED AT THE TIME OF REGISTRATION</b></span></div>
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<span style="font-family: Verdana, sans-serif;">At the time of registration of the properties, varied documents are needed to be created at the Sub-Registrar's workplace. List of such documents might vary on the idea of the character of the property. In general, the subsequent square measure the classifications of documents, that square measure needed to be created at the time of registration:</span></div>
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<span style="font-family: Verdana, sans-serif;">a) An official document stating the dealings isn't offensive of the provisions of Section 22A of Indian Registration Act. </span></div>
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<span style="font-family: Verdana, sans-serif;">b) Extract of the assessment Register for the aim of valuation of the property (Form No19 if the property comes inside Municipal space or type No. 9 and 10 just in case of panchayath area). </span></div>
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<span style="font-family: Verdana, sans-serif;">c) If the property comes inside the limits of Corporation Khatha Certificate, Katha Extract and Latest Tax paid receipt.</span></div>
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<span style="font-family: Verdana, sans-serif;">d) Form No.1 prescribed below Karnataka Stamp (prevention of below valuation) Rules</span></div>
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<span style="font-family: Verdana, sans-serif;">e) Permanent Account No (PAN) issued by taxation Department or Declaration in type No.60 or 61 if the worth of the property to be registered exceeds Rs 5.00lakhs and wherever payment is created fully or part in money.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Agricultural land:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">The sale and buy of agricultural land has several restrictions and in and of it several documents conformist to the requisites are needed for registration that is mentioned below:</span></div>
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<span style="font-family: Verdana, sans-serif;">a)Two copies of official document stating that the dealings isn't offensive of Section 22 A of <a href="http://www.bangalore5.com/">Indian Registration Act.</a></span></div>
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<span style="font-family: Verdana, sans-serif;">b)Two copies of official document regarding owning agriculture lands.</span></div>
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<span style="font-family: Verdana, sans-serif;">c)If the property is granted land or of occupancy rights operative from Tahsildar</span></div>
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<span style="font-family: Verdana, sans-serif;">d)Declaration below section 81 A of Land Reforms Act.</span></div>
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<span style="font-family: Verdana, sans-serif;">e)Form no.1 prescribed in Karnataka Stamp (Prevention of below valuation)</span></div>
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<span style="font-family: Verdana, sans-serif;">f)Permanent Account No (PAN) issued by taxation Department</span></div>
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<span style="font-family: Verdana, sans-serif;">g)Declaration in type 60 or 61 if the worth of the property to be registered is quite Rs 5lakhs and wherever payment is totally or part through money.</span></div>
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<span style="font-family: Verdana, sans-serif;">h)'J' Form</span></div>
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<span style="font-family: Verdana, sans-serif;">i)Purchaser's pahani</span></div>
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<span style="font-family: Verdana, sans-serif;">j)Copy of the RTC referring to the Property to be registered </span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Apartments:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">The following are the documents needed to be created before the Sub-Registrar, at the time of registration of living accommodations.</span></div>
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<span style="font-family: Verdana, sans-serif;">a)Katha referring to the total land.</span></div>
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<span style="font-family: Verdana, sans-serif;">b)<a href="http://www.bangalore5.com/">Tax paid</a> receipt for the entire land.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">c)Plan sanctioned by the Competent Authority.<a href="http://www.bangalore5.com/">www.bangalore5.com</a></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">d)Floor arrange.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">e)Form no.1 prescribed in Karnataka Stamp (Prevention of below valuation)</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">f)Two copies of affidavit stating that the dealings isn't offensive of Section twenty two A of Indian Registration Act.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Stamp Duty and Registration Charges:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Stamp duty needed to be procured the property coming back inside the boundaries of Corporation or a Municipality is eight.96% on the entire sale thought mentioned within the Sale Deed or on the value of the property, whichever is higher. For the properties that falls on the far side the boundaries of Corporation or CMC, the tax needed to be collectable is 9.04%. </span></div>
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<span style="font-family: Verdana, sans-serif;">Registration charges collectable for the registration of the properties, regardless of its nature are 18 on the sale thought or the value, whichever is higher. With the exception of the higher than, scanning charges has got to be paid, which can usually be between Rs.400 to Rs.800.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Scanning of Documents:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">After Telgi Scam, usage of Stamp Papers is prohibited in Karnataka. In various, a pair of Rupees Document sheet is created obtainable to the general public issued by the govt Department, who can got to take print out either in such Document sheets or may also use written report for identical. At the time of presenting such document for registration before the Sub-Registrar, details regarding the Vendor/s, Seller/s, tax and registration charges needed to be paid, are going to be recorded within the laptop, alongside the photos of the Vendor/s, Seller/s and willing Witness/s, if any. Further, name of the person distinguishing the Vendor/s also will be recorded within the laptop. afterward, print out of all the small print of the Vendor/s, Seller/s and willing Witness/s, if any recorded within the laptop, alongside their signatures, are going to be taken on the rear facet of the Sale Deed and when the <a href="http://www.bangalore5.com/">Sub-Registrar</a> signs on such sale deeds, details regarding the document variety, CD No and alternative relevant details are going to be keep within the Sub-Registrar’s workplace.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Registration of the documents opposition the general public policy: </b></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">The Government of Karnataka has declared that registration of sure documents is opposition the general public policy that is listed below:</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">a) <a href="http://www.bangalore5.com/">Agreement to sell</a>, sale, gift, exchange, mortgage lease or assignment of that occupancy rights are granted below Chapter III of Karnataka Land Reforms Act 1061, in dispute of restrictions obligatory below Section sixty one of the aforesaid act and relevant rules.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">b) Any agreement to sell, sale, gift, exchange or otherwise of land in far more than ceiling limits prescribed below Section 63 or 64 of Karnataka Land Reforms Act and in dispute of Section 74 of the aforesaid act and relevant rule</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">c)Agreement to sell, sale, lease, mortgage with possession or otherwise of any agricultural land to an individual, family, joint family with associate degree assured annual financial gain of Rs.40lakhs or a lot of from non agricultural supply in dispute of section seventy four of Karnataka land Reforms Act and relevant rules.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">d) Agreement to sell, sale, lease, mortgage with possession or otherwise of any agricultural land to instructional, religious, charitable establishments, society, trust, company, association alternative body of people, cooperative society apart from cooperative farming society in dispute of section 79B of Karnataka land reforms Act subject to exceptions provided.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">e) Agreement to sell, sale, gift, lease, <a href="http://www.bangalore5.com/">mortgage</a> with possession or otherwise of any agricultural land granted below Karnataka land grant rules subject to restriction obligatory on sale, transfer and specific use obligatory there below.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="color: blue; font-family: Verdana, sans-serif;"><b>FORMORE</b></span></div>
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<span style="font-family: Verdana, sans-serif;">2BHK <a href="http://www.bangalore5.com/">Apartments</a> in Bangalore,</span></div>
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<span style="font-family: Verdana, sans-serif;">Bangalore property,</span></div>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.bangalore5.com/">Realestate</a> in Bangalore,</span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0tag:blogger.com,1999:blog-5523683744423851312.post-84732461270217268912017-01-01T21:27:00.002-08:002017-01-01T21:27:20.788-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>FAMILY partition</b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b> <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv5yYLSoozdS625C_V0_DyQgUadeVujzXD-G1X1SqY9hOpG28h-30aoWKkTVYFUwkAHz2M_v_Y6ThcklCYfCT9OuURqXfSmGjEdKZJKvNmnRBaxrGbafxpoZXQkGpPXGNBq-F3PteKf5tg/s1600/blog+image.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv5yYLSoozdS625C_V0_DyQgUadeVujzXD-G1X1SqY9hOpG28h-30aoWKkTVYFUwkAHz2M_v_Y6ThcklCYfCT9OuURqXfSmGjEdKZJKvNmnRBaxrGbafxpoZXQkGpPXGNBq-F3PteKf5tg/s320/blog+image.jpg" width="320" /></a></div>
</b></span></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><a href="https://www.bangalore5.com/">Properties</a> and human beings are inseparable. With progress and social change over the ages the urge to own property, wealth has acquired demonic proportions. In the present day world, immovable properties are the most valued assets one can possess.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">The desire to own material possessions reared its head in the inquisitive mind of the Stone Age man. Thus women, children came to be his first personal assets, followed by immovable properties. While literacy and social outlook have elevated the status of women and children, there has been no change worth the name as to the status of <a href="https://www.bangalore5.com/">immovable property</a> as the personal asset of the human being. So long this state of affairs continues problems relating to property transfer will persist. From Stone Age to cement age, it has been a long haul.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Partition:</b></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Partition is division of property held jointly by co-owners. When a property is divided each member becomes sole owner of his portion of the property. Each divided property gets a new title and each sharer gives up his or her interest in the estate in favor of other sharers. Therefore, partition is a combination of release and transfer of certain rights in the estate except those, which are easements in nature.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">Partition is neither a gift nor a transfer of property. It merely breaks a joint right into several rights. It is not acquisition of property or exchange of property. It is a combination of release and conveyance of the rights of the property in favor of individuals. And therefore it can be affected orally. Partition is not transfer but when it assumes the form of transfer, the intention may be to hoodwink the creditors.</span></div>
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<span style="font-family: Verdana, sans-serif;">The basic character of joint Hindu family is that each member has inherited title to the property by birth. Each member has joint title to the entire property and that joint enjoyment of the title is converted by partition into separate title of the individual co-owner for his enjoyment. Therefore, it is now an established fact that partition is not transfer, but transformation of<a href="https://www.bangalore5.com/"> joint property.</a></span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">There are some properties, which cannot be divided physically. If physical division is not possible, partition can still be affected by paying cash or other assets to a sharer in lieu of his or her share in the property. Such situation arises when the division of an estate is considered to be dangerous and unreasonable, and when such division dilutes the inherent value of the property, or when the immovable property is too small for division.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
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<span style="font-family: Verdana, sans-serif;">The instrument of partition is a document by which the co-owners of a property agree to divide the property among themselves by oral agreement or written agreement or by arbitration or through court. If a document of release shows that the executants are to get cash or other assets, the document is an instrument of partition. The basis of partition is equality. The parties shall share the property equally.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">If there is no agreement among the co-owners for amicable division of the property, the only alternative is to sell the property by mutual consent or by court decree and distribute the sale proceeds among the co-owners. Any of the co-owners may also enforce partition through Court.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">In a partition suit a court may have decreed partition of the property in the interest of the co-owners. But if it is found that the sale of the property and distribution of the proceeds to the co-owners is more beneficial, the court can at the request of the shareholders direct sale of the property and distribution of the proceeds to the co-sharers.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">There are three types of co-owners: Joint tenants or tenants-in-common; Hindu Joint Family owners or coparceners; partners of a partnership firm. Under the Hindu Law in general everyone being a co-owner in a joint ownership has a right to claim his share and such right cannot be denied to him if the property is held as joint tenants. Since joint tenancy is unknown to Indian law, there is not much difference between joint tenancy owners and tenants-in-common.</span></div>
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<span style="font-family: Verdana, sans-serif;">Christians and Muslims hold properties as tenants-in-common or as joint tenants and partition of such immovable property can happen by mutual consent or by partition deed or by court decree or arbitration.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Partition in Hindu law covers two aspects. One is the division of the status of the members and the other is the division of the joint family property. In the former case, the members are divided according to heir standing in the joint family and in the latter case division of<a href="https://www.bangalore5.com/"> joint family property</a> into separate shares. Share of a member depends on the status he enjoys in the family. These are interlinked. Partition must be according to law. If a minor gets less shares than he is entitled to in law, the partition is defective and he can re-open the same when he attains majority. If a member gets more than his share in a property, the excess received will be treated as a gift.</span></div>
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<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">It is not necessary that all co-owners agree to partition. When a member desires partition, the property is divided into two portions one for the separating one according to his status and share and the rest jointly for the others. Though oral partition is allowed under Hindu Law, it is not preferable as it may give rise to disputes particularly with respect to immovable properties. It is advisable oral partition should be reduced in writing (palu patti). Also, the Income Tax Act does not recognize oral partition of a Hindu Family property unless the Income Tax Officer is satisfied with the facts and this is possible only when it is recorded in partition deed.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b>Effects of Partition:</b></span></div>
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<span style="font-family: Verdana, sans-serif;">When a property is divided into more than two parts, the co-owners of the different portions shall agree to hold their portions separately as absolute owners and each of them shall make a grant to release his share from portions give to others. Necessary covenants in a partition deed are about encumbrances on the property, quiet enjoyment, custody and production of title deeds, easements of necessity payment of rent and taxes and performance of other conditions of lease, if any, etc.</span></div>
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<span style="font-family: Verdana, sans-serif;">Partition of joint property is not an exchange. If it is reduced into writing, it must be registered in case of immovable properties. Deed of partition requires registration. Mere writing of previous partition does not require registration. Mere list of properties allotted to different co-owners does not require registration. Unregistered deed of partition though not admissible in evidence to prove the fact of partition, cannot be used to prove that a particular property was allotted to a particular co-owner as his share. </span></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Partition means collapse of joint ownership. It destroys the harmony of joint ownership and of possession. A large property falls into pieces over a generation or two. The land is very much there in bits and pieces in the name of different owners.</span></div>
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<span style="color: blue; font-family: Verdana, sans-serif;"><b><br /></b></span></div>
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Anonymoushttp://www.blogger.com/profile/02681139577640569921noreply@blogger.com0