Some quick questions and answers below will serve as essential tips when you buy a home:
Q : What are the important documents one should check before buying any property?
Q : What is the difference between built up area, super built up area, and carpet area?
Q : Who is liable to pay Stamp Duty-the buyer or the seller?
Q : In whose name are the Stamp Papers required to be purchased?
Q : What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?
Q : Which are the instruments that attract the payment of Stamp Duty? The instruments that attract Stamp Duty on market value of the property are:
Q : Who is the appropriate authority for knowing the market value of the property?
Q : Is a POA revocable?
Q : What exactly do we mean by a Free Hold property? What are the advantages and disadvantages, if any?
Q : Upon buying a property from a builder in a building under construction, what are the permissions and papers that one should check with the builder, so as to ascertain the genuinity of the builder? When you are buying a property from a builder in a building under construction, you have to check the following: