A legal agreement of sale prevents buyer and seller from going back on their word Buying and selling in the secondary market can be tricky. The owner always fears the buyer might be evaluating other properties and could change the decision at a crucial juncture. The buyer is always worried the seller might get a...Read more
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Mistake in deed can be rectified
Execution of property documents is a complex process. Often, an error occurs in the process of execution of documents. It is always advisable to get these mistakes rectified at the earliest. The mistakes may be of various types. For example, the area of the property, its dimensions, location or the survey number may be wrong....Read more
Selling a house? Watch out for tax implications
It’s critical to keep an eye on the calendar when you sell your house. If you don’t time it well, you could end up paying a hefty tax. If a property is sold within three years of buying it, any profit from the transaction is treated as a short-term capital gain. This is added to...Read more
How is Guidance Value calculated in Bangalore?
Given the daily volume of questions that we get on Guidance Value and its calculation, here are some tips to help you understand it and also do an approximate calculation. However, the rates or the calculation used here is illustrative and it is always advisable to check with your jurisdictional Sub-Registrar Office (SRO) to ascertain...Read more
What Are The Tax Implications While Selling A Property?
Most people invest in property to see greater returns in the future, but are not aware that ‘timing’ plays a major role in fetching the best returns. While one can sell the property immediately once they see an appreciable market value, they must consider the tax implications on the sale of property. Types of Capital...Read more
