Stamp duty must be paid to the national or state authorities for the purpose of: Purchasing, selling, producing a deed, or renting your property. E-stamping, also known as electronic stamping, is a method of electronically paying non-judicial stamp duty to the government. In the past, stamp duty for registering a property had to be paid at the local sub-office. Now, most of the process can be completed online, thanks to the use of the electronic stamp paper online method. In order to make the payment process as fast and hassle-free as possible, the government decided to replace the traditional paper & Franklin stamping method with a digital scheme. Currently, this service is available in 22 states in India. Maharashtra is … Read more
CAG India: Everything You Need to Know About India’s Comptroller and Auditor General
Article 148 of the Indian Constitution created the department of the Comptroller and Auditor General of India, also referred as the CAG India. The CAG India is the auditor of government accounts, with the authority to audit the books of the central, state, as well as all government authorities in the country.… Read more
Understanding the Restrictions: Who Cannot Buy Agricultural Land in India?
Agricultural land in India has long been a vital asset, but not everyone is permitted to acquire it. The ownership of agricultural land is subject to various regulations and restrictions to ensure that it is utilized for farming and related activities. In this in-depth exploration, we will delve into the specifics of who cannot buy agricultural land in India, shedding light on the legal framework, exemptions, and the rationale behind these restrictions.… Read more
What is Turnkey Project? Turnkey Project Meaning, Contracts with Examples
Big infrastructure initiatives are often created using a combination of approaches. Turnkey project development is one of these ways. In this essay, we go over all you need to know regarding turnkey projects.… Read more
7 Easy Steps to Check Patta Transfer Application Status Online
Are you eagerly awaiting the status of your Patta transfer application? Tracking it online can save you time and hassle. In this comprehensive guide, we’ll walk you through the process step-by-step, ensuring you stay informed every step of the way.… Read more
What Actions Should Sellers Take if the Buyer Disappears After Providing Token Money?
In the intricate dance of real estate transactions, token money acts as a vital sign of commitment between a buyer and a seller. It symbolizes a buyer’s serious intent to proceed with a purchase. However, the journey from token money to final closure isn’t always smooth. Instances where a
buyer absconds after paying token money can leave sellers in a precarious situation, dealing with both financial uncertainty and legal ambiguity. This guide explores the best practices for sellers to navigate these troubled waters, ensuring they are protected and prepared for such eventualities.… Read more
Things to Remember to Avoid the Sale of Disputed Property in India
In India, where property disputes frequently arise due to various complications such as illegal possession, disagreements among co-owners, or unclear title deeds, safeguarding real estate from unlawful sale becomes paramount. The legal framework surrounding the sale of disputed properties is intricate, demanding thorough vigilance and proactive measures from property owners to prevent unauthorized transactions. This blog explores effective strategies to prevent the sale of disputed property without your consent and highlights the legal remedies available.… Read more
Navigating Utility Bills in Auction-Bought Properties: A Buyer’s Guide
Purchasing a property through auction can seem like a financial boon, given the often lower prices compared to market rates. However, the attractive price tag may come bundled with less apparent costs, such as unpaid utility bills. Who is responsible for these outstanding dues when you buy a property at auction? Recent Supreme Court rulings provide clarity, but buyers need to approach these sales with due diligence.… Read more
Understanding the Importance and Process of Relinquishment Deeds in Property Transfer
A property may have several heirs. If one of the heirs wishes to relinquish his share or rights in the inherited property, he or she must sign a deed of relinquishment. A deed of relinquishment is valid for joint Hindu property in India. It guarantees that the remaining co-owners have full legal rights to the property.… Read more