Law chamber
PAVANANJAYA
19 Years Exp
Construction Agreement Review (Show More)
Dakshina Kannada , Kodiyalbail
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Overview
A construction agreement is a contract between the builder and the buyer. It describes the rights, duties and obligations of both parties in their dealings with each other. It is important for both the construction contractor and buyer to sign this agreement before they perform any work. The construction agreement can be used for both residential and commercial projects. The contents of the agreement may vary based on the nature of the project.
Some of the information included in a construction agreement are
Names and addresses of both the parties
Location and address where the construction work is to be done
Description of the construction/renovation work to be done with timeline
Materials that will be used during the construction
Duration of the project
Details and method of payment
Methods to handle any change in work order
The buyer and seller should check that the title flows in the parent documents are correct and does not miss any previous buyer or seller. This is a common type of fraud.Penalty in case the builder defaults in any of the clauses mentioned in the construction agreement
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Name : PAVANANJAYA
Law Firm Name : Law chamber
Country : India
City : Dakshina Kannada
State : KARNATAKA
Practicing Since: 2006
About Your Firm : I am practicing since 2006 as a civil Advocate in Mangalore I am handling civil Matters M.C Cases , Consumer cases Registration work Revenue work, Legal Opinion etc
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| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal Opinion/Title Certification ( Villa Project )
Forming Owners Associations/Societies ( Apartments )
Legal Opinion/Title Certification ( Commercial complex )
Land Sourcing ( Apartment/Builder Floor )
Agreements/Deeds(Bulk) ( Memorandum of Understanding )
Land Sourcing ( Residential Layout )
Agreements/Deeds(Bulk) ( Joint Development Agreement )
Land Sourcing ( Villa Project )
Agreements/Deeds(Bulk) ( Agreement of Sale )
Land Sourcing ( Commercial complex )
Packages ( Apartment/Builder Floor )
Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
Packages ( Residential Layout )
Project Approvals ( Conversion of Land )
Packages ( Villa Project )
Procure Specific Property Document(s) ( Encumbrance Certificate )
Packages ( Commercial complex )
Procure Specific Property Document(s) ( Khata / Khata Extract )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Procure Specific Property Document(s) ( Khata Certificate/Transfer )
Legal Opinion/Title Certification ( Residential Layout )
Power of Attorneys ( Drafting General Power of Attorney )
Legal & Drafting
Lease/Rental Agreements ( Room Rental Agreement )
Legal Opinion (Written) ( Apartment )
Notary & Attestation Services ( Gazetted Officer Attestation )
e-stamp paper ( Get E-stamp paper )
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Agreements/Deeds ( Construction Agreement Review )
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Procure Revenue Documents ( Other Revenue Documents )
Lease/Rental Agreements ( Car Parking Agreement )
Legal Opinion (Written) ( Villas )
Utility/Property Payments ( Property Tax Payment )
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Agreements/Deeds ( Rectification Deed )
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Power of Attorneys ( General Power of Attorney )
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Utility/Property Payments ( Electricity Bill Payment )
Property & Documents Inspection ( House/Apartment Inspection )
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Agreements/Deeds ( Relinquishment deed )
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Lease/Rental Agreements ( Other Lease/Rental Agreements )
Agreements/Deeds ( Agreement of Sale )
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Lease/Rental Agreements ( Commercial Office Rental Agreement )
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Agreements/Deeds ( Construction Agreement )
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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 Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
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 Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
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 Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
