Historically, real estate has been one of the preferred asset classes to park unaccounted money. Over time, numerous ways were invented to make the investment appear legal, including sale and purchase of property through … READ FULL STORY
Selling a house with co-owners is a difficult process because everyone having a share has to firstly agree for the sale and secondly comply with all the rules necessary for the sale. If a … READ FULL STORY
The minimum value below which no property can be sold in an area is known as the guidance value. This is fixed by the state government. Guidance value also known as guideline value is … READ FULL STORY
Gifting a house property in India has tax implications- income tax and stamp duty. The stamp duty varies across states, generally ranging from 2% to 7% of the property value. Notably, many states waive … READ FULL STORY
Mutation is the process through which the name entry is changed in the government records once a property has been transferred in the name of a new owner. Land and property mutation helps the … READ FULL STORY
Are you looking at buying a property in Uttar Pradesh? Of the many documents that you need to check during due diligence, one of the most important is the encumbrance certificate. This document actually … READ FULL STORY
Launched in India on July 1, 2017, the goods and services tax (GST) law was touted to be the biggest tax reform in India after Independence. While the GST regime does not directly cover … READ FULL STORY
A gift of property is giving ownership of one’s property to anyone through a gift deed. Gifting a property through a gift deed to a near and dear one, has certain monetary implications that … READ FULL STORY
The Maharashtra government has made it mandatory for housing societies in the state to hold the annual general body meeting (AGM) according to its model Bye-Laws. In this guide, we discuss on dos and … READ FULL STORY
Entering into a second matrimony while your one is still married to one’s first spouse is illegal under the law governing Hindu marriages. However, if the marriage is valid, then the second wife’s children … READ FULL STORY
Gifting is one of the many mediums through which one can transfer their property to another person. To give this transaction legal backing, a gift deed must be drafted, executed and duly registered after … READ FULL STORY
When you buy a property, the legal change in ownership takes place after property registration. Several laws come into picture in this highly complex legal procedure. This makes it of utmost importance to have … READ FULL STORY
When buying a property, an important document to which you as a buyer should have access to is the encumbrance certificate (EC). In this guide, we tell you in detail what an encumbrance certificate … READ FULL STORY
