Legal Guidance
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What is the Property Transaction Related Laws in India?
Indian Registration Act contains all the necessary documents required for the registration of property to avoid any fraud and make sure that the property title is clear. According to Section 17 of Registration Act, 1908, all the transactions that involve the sale of an immovable property more than Rs 100 should be mandatorily registered. The properties that are given as a gift or are held out f...
LEGAL GUIDANCE -
What is the Stamp Duty and Tax on the Gift Deed of the Property?
Gifting is a method through which a person voluntarily transfers the rights of an asset to someone else. Even though gifting of a property does not involve and transaction of money, the property needs to be registered and the stamp duty for the same must be paid when accepting the gift. What are the legal requirements for the gift deed? According to the transfer Property Act, the transfer of...
LEGAL GUIDANCE -
Cheated by your Developer? Here’s how you can Ask for Legal Help
The real estate sales have been witnessing a slow down for a while now and the major reason behind the same is the delay in project completion and financial irregularities with the developers. However, the government brought RERA into action in 2016, which aims at making sure that the homebuyers are handed exactly what they are promised. RERA protecting the interest of the homebuyers Under Sec...
LEGAL GUIDANCE -
What Can you do in Case of Cheque Bounce?
One of the most common financial offences is the cheque bounce. The cheque can bounce due to signature mismatch, overwriting or insufficient funds in the account. A cheque bounce can lead the issuer in legal trouble. In our country, many cases are pending due to the case of cheque bounce. Repeat offence of the cheque bounce can have serious repercussion. The issuer can be asked to pay the p...
LEGAL GUIDANCE -
How to Check the Legal Verification of the Property
When searching for a property to invest in, it is important to make sure that the property you are interested in is free from any legal tussle. As there have been many developments in the real estate, the number of property disputes have also risen. The major reason behind the project delays is property land disputes. However, the government is making efforts to make sure that the paperwork in the...
LEGAL GUIDANCE -
Legal Validity of the Rental Agreement
According to the reports, around 12 million housing units lie vacant in the real estate market even though some many workers and students move to a different city for better education and lifestyle. The archaic law that rules over the rental realty market of the country came into existence after the First World War 1908. Even though attempts have been made by the government to alter laws and ...
LEGAL GUIDANCE -
Legally Daughter-in-Law has no Rights Over the Self-Acquired Properties of the In-Laws
The property rights of women are complex, and when they leave one family and become part of another, their rights become even more complex. We explain everything you need to the rights of a daughter- in- law over her in-law's self-acquired property. Legal rights of the daughter- in- law over the property: In 2016, Punjab and Haryana High Court declared that a daughter- in- law has n...
LEGAL GUIDANCE -
Important Legal Documents that One Comes Across During the Property Purchase
It is no secret that property buying involves a lot of paperwork, and almost all of them are legally required. This is done to make sure the buyer has the fair right over the property, and there is no foul play involved. We list down all the legal documents you must know about before purchasing the property: Land ownership proof: When buying a property, the buyer must make sure that the l...
LEGAL GUIDANCE -
Legal Course to Take if you are Forced to Take Possession of the Property Without an OC
Buying a house comes with endless documentation, and sometimes homebuyers tend to take the opportunity if it will require less paperwork from them. Avoiding paperwork or negligence can cost them a lot of money and time. Regardless of the reputation of the brand, some developers force their homebuyers to take possession of the unit even without the occupancy certificate. To begin with, an Occupa...
LEGAL GUIDANCE -
Is RERA has been Put at a Disadvantage by Making Homebuyers Financial Creditors?
Homebuyers have been at an advantage since RERA came into effect in 2017. The main aim behind RERA is to put an end to the malpractices of the builders. For years, the consumers or the buyers have been exploited by the builders by not keeping their promises and not completing the projects on time. As RERA will come into full force, all these are more likely will come to an end. The regulatory body...
LEGAL GUIDANCE
