1.QUALITY SERVICE AT YOUR DOORSTEP
2.MYMADURAIPROPERTY.COM IS THE ONLY MOST TRUSTED REAL ESTATE,RERA REGISTERED ONLINE SHOPPING WEBSITE AND MOBILE APP IN MADURAI
3.THE WEBSITE WILL LISTS THOUSANDS PROPERTIES FOR SALE AS WELL AS NEW PROJECTS IN AND AROUND MADURAI
4.EXACT PROPERTY VALUATION AND CLEAR LEGAL OPINION GUIDANCE FOR YOUR PROPERTY BY OUR EXPERT PANEL VALUERS AND PANEL ADVOCATES.
5.BEST OFFER FOR LOANS FROM LEADING BANKS AND FINANCIAL INSTITUTIONS
6.SPEEDY LOAN SANCTION AND COMPARE INTEREST RATE AND THE LOAN ELIGIBILITY
7.MINIMUM DOCUMENTS AND MAXIMUM LOAN DISBURSEMENT
We list a range of residential real estate properties and commercial properties including apartments, villas and plots through our web platform. Our listings include everything from new, resale, under construction and upcoming properties.
We have a dedicated customer care service team, which is available at your service seven days a week from 9:30 am to 7:30 pm. You can call them on 8903909944 or mail customer service at firstname.lastname@example.org
The sale of a residential property is said to have been formalized if the seller has received the entire consideration amount, registration of the documents has been carried out and actual possession of the property has been granted to the buyer.
You would receive a call back from us within 10-45 minutes of placing your enquiry with us, provided you have posted your requirements between 9am and 7 pm. Otherwise, we would be reaching you the next day.
Buy or construct a new house: If you build a new house or buy one from the money you receive from selling a property, you are exempted from paying the tax on Capital Gains. However, the new purchase should be done either one year before or within two years of sale and the construction should be completed within three years from the date of transfer. The new property bought or constructed should not be sold within three years from the date of its purchase or date of completion of construction.
If the house is held for less than three years prior to its sale, it is termed as a short-term capital asset and any gain arising from the sale is treated as a short-term Capital Gain. There are no tax exemptions for short-term Capital Gains and one needs to pay it according to the applicable tax slab. However, if the property is sold after holding it for more than three years, it is treated as a long-term capital asset and the gain arising from it is called the long-term Capital Gain. Such gains attract a flat exemption rate of 20%.
Property is considered a capital asset and Capital Gains Tax is levied on the gains arising from the sale of property. Such gains are calculated after adjusting the inflation rate, transfer and renovation charges.
Stamp Duty is the tax paid for the legal recognition of property. It is paid by the home buyers. You can claim tax incentives of up to Rs 1.5 lakh on stamp duty and registration charges on a new property purchase or construction of a house. However, these benefits are available for only one self-occupied property.
TDS- 1% on immovable properties (except agricultural land) exceeding Rs 50 lakhs. Stamp Duty - Depending upon state and municipal laws Service Tax- It is a central tax paid for the services offered by the developer to you. From April 1, 2015 onwards, if the apartment is worth less than Rs 1 crore, or has a floor area less than 2000 sq ft, the service charge levied is 14% on car parking and preferential location charges (PLC) and 3.50% on the basic sale price. If the apartment is worth over Rs 1 crore, or has a floor area greater than 2000 sq ft, the service tax levied is 14% on car parking and preferential location charges (PLC) and 4.2% on the basic sale price of the flat.
The property could be converted from leasehold to freehold if the local laws allow it. For example, properties under DDA can be converted to freehold by executing a Conveyance Deed but the same is not allowed if the property is owned by the Noida Authority.
The difference between a leasehold property and a freehold property lies in its ownership . In a leasehold property, the ownership remains with the concerned local authority or the government (as the case may be). The lease period varies typically between 30 to 99 years. But, this does not prevent the individual owner from selling or perform other transactions with the property, provided the lease deed is registered. In case of a freehold property, the owner of the property is the legal owner and can sell/lease/rent the property as per his/her wish.
The language of the registration document must be the one that is commonly used in your district. According to Section 19 of the Indian Registration Act, the Registering Officer or the registrar has the power to decline registration of your document if it is presented in a language which is not commonly used in the district unless it is accompanied with a true translation of the language in use.
Power of Attorney allows a person to authorize another person the right to make decisions regarding the person's assets, finances and real estate properties. There are two types of power of attorney. First, the 'General Power of Attorney' where a property owner confers 'general' rights. The rights include but are not limited to sell, lease, sub-lease etc. The second one is the 'Special Power of Attorney' where only a specific right is given by the owner to the chosen person.
Registration of a property includes necessary stamping and paying of registration charges for a sale deed and getting it recorded at the sub-registrar's office of the concerned jurisdictional area. If a property is purchased from a developer directly, getting it registered amounts to act of legal conveyance. In case the purchased property is a second or third transaction, it involves a duly stamped and registered transfer deed. Nowadays, property registration process is computerized in most states.
It refers to the registering of documents relating to transfer, sale, lease or any other form of disposal of an immovable property. Registration is compulsory by law for all properties under Section 17 of Indian Registrations Act, 1908. Once a property is registered lawfully, it means that the person in whose favor the property is registered, is the lawful owner of the premises and is fully responsible for it in all respects.
1. Original copies of the chain of title agreements and Building Plan approvals 2. Original registration and stamp duty receipts 3. Possession Letter 4. Original share certificate (In case of societies) 5. Proof of payment of all dues like maintenance charges, electricity bills, phone, water and property taxes up to the date of handing possession 6. NOC from the Society or other concerned body confirming no objection to the transfer
1. Projects approvals can be verified from the corporation or the sanctioning authority's office 2. Ownership documents can be confirmed from the Sub Registrar's office where they are registered 3. Share certificate related to societies can be verified from the concerned Society itself