mb associates

 bhuvaneswari

 16 Years Exp

 Plot (Show More)

 Chennai , Kodungaiyur

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You may be ready mentally and financially for buying a property, but paperwork is unarguably most important part of sealing any deal. After all, only a firm paperwork will ensure your legal hold on the property.

Property registration in India is governed by section 17 of registration act, 1908; this act is applicable to whole of India except the state of Jammu & Kashmir. It refers to registering the changes in ownership and transactions related to the land/ immovable property. To guarantee yourself a legal title of land/immovable property you just purchased, you must register it with the concerned authority.
Registering your property has following benefits:-

    It helps in setting disputes easily; if any arises about ownership of that property in any later stage.
    The risk of fraud is greatly reduced.
    The public record remains up-to-date which helps Govt. in conducting censuses, surveys and maintenance of any other useful public database.

The property registration in India is no more an extremely tough and tiring process which it used to be. Now with the computerized property registration system, the whole process is very easy. Computerized system has many benefits like removal of the middleman and transparent valuation. But computerization has not completely replaced the manual paperwork; you can only pay initial duties with the help of the computer; further submissions have to be done in the office of Registrar/sub-registrar or to SDM in some states. Form can either be downloaded from the website of department or can be obtained in the hard copy from the office.


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Name : bhuvaneswari

Law Firm Name : mb associates

Country : India

City : Chennai

State : TAMIL NADU

Practicing Since: 2009

About Your Firm : a one stop firm for all your queries

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State

 Legal & Drafting

  Consultation on Property ( Property Buying )
  Utility/Property Payments ( Property Tax Payment )
  Packages ( Legal Opinion to Registration (Plot/Site) )
  Legal Opinion (Written) ( Plots )
  Legal Opinion (Written) ( Apartment )
  Legal Opinion (Written) ( Independent House )
  Registration Assistance ( Plot )
  Lease/Rental Agreements ( House Rental agreement )

 Architects

  Residential & More ( lndependant Houses )

Subject :  construction issues
Question :  we are living in an old house which was built many yrs ago( more then 40yrs).we have common walls with our neighbor.Now he is building his house in our area,always trying to prove that he is not doing so nd even he is doing favour leaving his space in between.he is not constructing a straight walls.he has built ground floor taking 3 inches of our space from back and according to that our front is decreased but his size is correct which may be due to the old construction of neighbor next to him.

Answer by mb associates :  As per planning permit it is mandatory to leave 2 feet space and build house with in the area. Usually it is a general rule to build a compound wall within one's plot. Also you have not mentioned the plinth area of your house? With inadequate information we cannot answer

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by mb associates :  Sir first check the Guideline Value and as per that value only you can register. If more than market value you are selling the house then for that value you can register and pay the Stamp duty. No property can be registered below the guideline value . In case you are not able to find the value in the concerned website , then you can verify with the sub registrar Office where the property is situated . Moreover when you are selling it is buyer who will be bearing the registration cost.