Q:
Hi, i was asked 3.625% service tax on sale amount from the seller of Flat. This Flat/Apartment is Landlord's share. He said there is No VAT on land lord's flats but there is service tax which meeds to be paid. He said this rule is new from April. Please let me know is this information correct?
Latest Answer: Do Land Lords need to pay service tax on new apartments sell? i know Builders have to pay service tax and VAT and builders take that amount from buyers. But what about when we buy New Flat from Land lord, do we need to pay service tax?
Q:
Hi, if Sale Agreement between Seller and Buyer says More Price than Sale Deed Price will there be any issues?
once sale deed and registration is done then do we still need sale agreement?
Latest Answer: Both documents must be made and signed by the buyer and seller, in the course of a single buy-sell transaction.
Sale Agreement states the terms and conditions of the sale, agreed by both seller and buyer. On the other hand,the Sale Deed, states that the deal has been finalized and that the property has been handed over by the seller to the buyer
Q:
Hi, can NRI Get Registered property on his/her name by sending section 32-A Fingerprints photo doc from abroad and get it registered. i heard while buying property Flat/plot we don't need Power of Attorney Document, just 32-A finger print doc is enough.
Let me know.
Latest Answer: Thanks Navneet, so i don't need Power of Attorney right? just 32-A finger prints document is enough right? do i have to do anything if i visit india in future, i mean should i have to go to Registration office again once i am in india or Does 32-A form takes care permanent registration?
The link you have provided is saying about POA.
Q:
Hi, Do we need PAN card while buying and doing property registration in Hyderabad?
is it mandatory? Flat cost is 20 Lakhs
Latest Answer: guys, apna sewa kendra is a place where you can apply for pan card and solve your problems.so visit www.apnasewakendra.com for more details
Q:
Hi, i am buying New Apartment in Hyderabad, Telangana. Total cost of the flat in Sale Agreement ih High but for Registration and stamp duty purpose Rate is calculated as per Govt. Rate which is lesser than actual selling cost by owner.
Now if i want to give all of the amount (Govt value+additional market rate by owner), i heard we can do Deed of Transfer of Rights(DOTOR) and pay through check for that additional cost.
i am also planning to take bank loan of 10 Lakhs. please let me know.
Apartment floor plan - 1120 sq.ft
UDS - 65 sq.yards
Amenities - 4 Lakhs
owner said total cost is 36 Lakhs, he quoted 2800 Rs. per Sq.Ft. but as per Govt. rate it is around 1500 i guess. i am planning to take 10 lakhs bank loan. how to handle this payment and sale agreement vs sale deed prices.
will my stamp duty calculated based on UDS or on Apartment floor plan sq.fts?
Latest Answer: if sale deed has Govt. Guidance value and sale agreement is more then how can i pay that difference amount to builder? i want to pay with check but will i have any issue from registration or tax side?
Q:
what are all the property taxes need to pay after buying Apartment in Hyderabad.
if this is second property ( first home there in village) and not renting then what will be the property tax.
Latest Answer: First, f the property is self occupied, calculation is based on the rental value of similar properties in the same locality. Secondly Tenanted property, calculation is based on the Monthly Rental Value (MRV) as stated in the rental agreement. GHMC adopts a slab rate of taxation for residential properties. You can click the link provided to get more information about
Know all about Property Tax in Hyderabad
Q:
Hi,
My mother has one house on her name in village, Now planning to buy new flat in Hyderabad. Not Taking any bank home loans. if this new flat (second property) get registered on her name, will there be any property taxes? how much property tax is there if we don't rent the second property. she is home maker. let me know. Thanks.
Latest Answer: can any one tell what are the property taxes we need to pay on property in Telangana Hyderabad.
Q:
Hi,
My mother want to transfer flat from her name to my name, it is Gift. How much Gift stamp duty, Transfer duty, Registration fee will be charged.
Latest Answer: if Father wants to give Apartment to son as Gift then is it supposed to be through Gift Deed of Settlement Deed?
Q:
Hi, i am planning to invest on Plots/lands with 15 Lakhs - 20 Lakhs. what are the best growing localities in hyderabad. most important thing is litigations free plots/area.
i am not sure how the litigations are going on still even though EC and link documents and computerised process implementation.
Latest Answer: how is shamirpet area?
Q:
Hi, what are the good apartments which does not have ground water issues in Kondapur, Madhapur, Gachibowli areas.
i am looking for 2 BHK flat with budget of 55Lakhs.
i am not interested in more than 7 floors buildings. let me know if you know good new projects which does not have ground water issues. Thanks.
Latest Answer: Hi Rao,
In addition to the properties and areas already mentioned in this thread, I would also advise to look at Ashvita by Mahindra Lifespaces. It is situated in close proximity to Hitec City. A friend of mine purchased a 2 BHK apartment in this project for the same price range that you are looking at. Definitely seems to be one to look out for with its great location and price. Tempted to even invest in it myself.
Q:
Hi, i am planning to buy flat/apartment in nagole, bandlaguda, lb nagar, kothapet areas. and next option is uppal. are these localities good to buy apartments, how will be commute/travel to other major localities from here? i heard Metro will start from here. please suggest me.
Latest Answer: some people said Manikonda in replies but i heard there is water problem in that area and west of hyderabad. i am not interested in water problem area. and Gachibowli, kondapur, madhapur are costly areas. i prefer other localities which has transportation facility to Gachibowli and Hitech city areas.
can anybody list some nice under construction apartments. my budget is 50-55 lakhs.
