Stamp duty and registration fee are taxes homebuyers in India pay to state governments at the time of property registry. States have the authority to impose this tax. Consequently, they are responsible to increase … READ FULL STORY
RBI leaves repo rate unchanged for 6th time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
The directorate of estates under the Ministry of Housing and Urban Affairs was established in 1944. It manages the estates of the Government of India in Delhi, its eight regional offices that are located … READ FULL STORY
Under the Indian succession laws, a Hindu Undivided Family (HUF) consists of coparceners and members. The eldest coparcener of the HUF is the Karta of that family, who acts as the head and is … READ FULL STORY
For calculating land area in India, various types of local land measurement units are used along with the standard land measurement units used globally. Land measurement units used in east India Unit States where … READ FULL STORY
Conveyance refers to the act of transferring the title, ownership, rights and interests in a property from one person to another. The term deed refers to an instrument such as a written document that … READ FULL STORY
Property investments are highly capital intensive and any mistake made during the process, can cause a great deal of trouble for the buyer. This makes it imperative for a buyer to exercise due caution … READ FULL STORY
Not many new tenants might be aware of the difference between lease and rent until their new situation forces them to understand the lease vs rent riddle. Although the two terms – lease and … READ FULL STORY
In this article, we discuss the Transfer of Property Act (ToPA), which primarily sets the path for property transfer from one owner to another in India. What is Transfer of Property Act? Under … READ FULL STORY
The monsoon season is a time for home owners to make some changes to their homes, to guard against small/big damages. However, as we cheer the arrival of the monsoon, no laxity should be … READ FULL STORY
Assets of a person pass on through two ways after his death. The first way under which this can happen, is through a Will. A Will refers to a legal document that states that … READ FULL STORY
Well-known actor and host Hussain Kuwajerwala and his wife Tina Kuwajerwala’s home in Lokhandwala, Mumbai, is elegant, with an understated luxury. The home, with its focus on functionality, is sophisticated and yet, minimalistic. The … READ FULL STORY
When you take a home loan, the same is secured by way of a mortgage. The Transfer of Property Act, 1882, defines a mortgage and enumerates various types of mortgages. Let us understand what … READ FULL STORY
