Now you have to ask yourself what the risk is with such an arrangement. The reason for this is that the value of the sales contract is normally equal to 1/2 or 2/3 of the total value of the underperformance. A bank can pay the amount corresponding to the registration value after adjusting the seller`s contribution by 20%. A client receives in the initial phase nearly 2/3 of the payment. A project may be delayed in such cases. Another possibility is a lack in the property of the property. In other words, if things go wrong, the buyer will be in great difficulty. Therefore, if you register on real estate under construction, you present yourself with special attention. So far, a new home buyer only declares title to the share of unshared land, for which the registration fee must be incurred at 8%.
(stamp fee + registration fee) The dwelling or dwelling must be registered in a sub-registration office and the following documents are required for registration: the registration of construction contracts for new housing, mandatory since October, is recovered. To date, more than 400 deals have been registered, generating Rs1 crore revenue in the government. With clear guidelines and strict procedures, officials expect that number to increase in the coming days. Suresh Krishn, the president-elect of the Confederation of the Real Developers Association of India (Credai), told Moneycontrol that this was just a clarification. Tamil Nadu follows a dual system of agreements since land and buildings are registered separately in the concession agreement. . . .