Khata Transfer
Khata (Urdu/Hindi Word), virtually means an account. Yes, Khata is an account of immovable property, maintained by a jurisdictional civic authority such as BBMP (Bruhat Bengaluru Mahanagara Palike), BDA (Bangalore Development Authority), Municipal Corporation/Council, or Grama Panchayat. Although Khata is not an ownership document (Title Document such as Sale Deed, Gift Deed, Release Deed, etc.), […]
Sale Agreement/Sale Deed
Sale Agreement: The Sale agreement is a prelude document expressing the consent to sell by the vendor and consent to purchase by the purchaser for a particular property with agreed terms and conditions. Under the provisions of the Indian Contract Act, of 1872, an agreement to sell or sale agreement is a legally enforceable contract […]
Home Loan Assistance
As a large majority of buyers need financial assistance before inking the deal on buying a particular property, one needs to ensure the loan amount that can be sanctioned. Although banks and HFCs (Housing Finance Companies) offer financial assistance up to 80% of the purchase price, the loan amount that can be sanctioned depends on […]
Technical Evaluation
Why Technical Evaluation is important? Although the Government announces market value, known as the guidance value, such value will be nowhere near the actual value of the property, put up for sale. Hence it is critical to avail services of a technical Valuer to arrive at the proper valuation of the property. A large majority […]
Title Verification
The foremost complexity is whether the Seller has the marketable title (right of ownership, in common man’s language) to the property and has legal competence to sell the property. Since titles to properties are evolved for long years (recorded in hundreds of pages) and transferred from one to another person several times, all such conveyances […]
Selling a Property:
A piece of time-tested advice is ‘selling of property should be the last resort!’ This is due to the fact that the properties are acquired with huge sums of money, facing great difficulties, and sacrificing some of the needs and comforts of the family. And once a property is sold, it may be almost impossible […]