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What is the process of agreement and registration before buying flat
09-Jul-2023 (In Property Law)
Looking to buy a 3 bhk apartment in emaar palm hills,sector 77 gurgaon in resale,for my use. The apartments on sale are both- ready to move in and under construction What all legal documents need to be asked for from the seller? What is the process of agreement and registration?
Dear Client,
You need to sign an agreement with the seller. Our Law Firm will draft this agreement of you allow us to do so. After as per terms of of the agreement, you need to fix a date for sale registration that will be on the prevailing stamp duty on the present market rate in that area.
You need to sign an agreement with the seller. Our Law Firm will draft this agreement of you allow us to do so. After as per terms of of the agreement, you need to fix a date for sale registration that will be on the prevailing stamp duty on the present market rate in that area.
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43+
43+
Adv. Jaswant Singh
Gurgaon | 25+ Answers
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How does flat agreement work?
Builder-Buyer agreement: When you choose a house or flat of your choice, a token amount can be paid to reserve the property. In return, you will receive an allotment. A tripartite contract is then entered into between the buyer, bank, and builder to cover the remaining amount.
What is flat buying process?
The buyer must first verify the validity and existence of the title. The property should not have any outstanding mortgages or unpaid past dues. Examine all documents from the past twelve years and up to thirty years.
What is the process of registration of a flat in Bangalore?
2.1.1. Step 1: Register yourself.
2.1.2. Step 2: Register your documents
2.1.3. Step 3: Witnesses and the Sale Deed.
2.1.4. Step 4: Identification Proofs
2.1.5. Step 5: Select a property type.
2.1.6. Step 6: Calculate stamp duty
2.1.7. Step 7: Other details.
2.1.8. Step 8: Payment
What happens if flat is not registered?
Ans. The developer or builder will continue to own the property if the flat is not registered. It can cause future legal issues and disputes.
it shall be better, if you buy ready to move flat as buying an under construction flat, would be having an uncertainty attached to it. You can ask for builder-buyer agreement, Payment made and payment to be made. prior to proceeding further, visit the site, have a look at the flat, visit office of the builder and try to know the factual situation. Please do take the assistance of an advocate prior to entering into the agreement.
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Adv. Devender Kumar Kataria
Gurgaon | 100+ Answers
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Hello, you can start the process of registration after executing AGREEMENT TO SELL. If you have not signed the agreement to sell you can contact us, we will provide you the step vise suggestions from agreement to sell to complete registration of property.
Regards Akash Gupta partner at jurists' corpus law firm
Regards Akash Gupta partner at jurists' corpus law firm
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Adv. Akash Gupta
Gurgaon | 100+ Answers
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hi,
for resale you need to ask for
-booking letter
-allotment letter
-all payment receipts
-buyer- seller agreements
-possession letter if any
-transfer set
For original booking the builder will do all formalities, be in touch with me if require any further assistance.
for resale you need to ask for
-booking letter
-allotment letter
-all payment receipts
-buyer- seller agreements
-possession letter if any
-transfer set
For original booking the builder will do all formalities, be in touch with me if require any further assistance.
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48+
48+
Adv. Vikas Sangwan
Gurgaon | 25+ Answers
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Most states allow flat agreements to be registered online. In most states, the process involves booking an appointment to register the Sale Deed. You will need to create a LoginID and register on the government website. You will then need to upload your documents and make an appointment.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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