Legal Guidance
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Calculation of Service Tax and Vat on Under Construction Property
Just to have a perfect house is everyone’s dream but with changing times and updation in law and orders in our country it has become more expensive and time-consuming to get your house. There is two kind of housing property available for purchase out of which first is ready to move in apartments or resale flats and second is under construction houses. Ready to move in apartments are easy to p...
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How to Get Your Share in Ancestral Property?
Let us first understand two kinds of property which are self-acquired property and ancestral property. Self-acquired property It can be brought by an individual from his own resources or acquired as a part of the division of ancestral / coparcenary property. It also includes property obtained through a legal heir or by will or a gift deed. Ancestral property It is s...
LEGAL GUIDANCE -
Advantages of Married Couple Owning a Joint Property
Buyer’s today, are making wise choices by investing in real estate property for all the beneficial reasons. They are not leaving any stone unturned by choosing the best financial option for them and directly getting in touch with the buyer, not falling prey into the hands of a broker. A very wise decision today is to own a property jointly. But what is the reason behind this? Owning a prope...
LEGAL GUIDANCE -
What Do You Mean by Bargain and Sale Deed?
Somewhat different from the basic service warranty deed is the Bargain and sale deed. While this kind of deed might put the buyer in a position of downside, it is a quite frequently seen deed. Check out ahead to know more ... A deed, as a lot of meanings of this word will inform you, is a file which gives a right to another individual. The deed file therefore is a crucial one in matters of ho...
LEGAL GUIDANCE -
How to Lease Purchase a Home?
Pondering about buying a home however do not have that additional money for the deposit? Why not attempt out lease purchase houses, where you lease for a certain period of time and then buy the property. You can attempt the option of lease purchase houses if you desire to own your own home however your savings are not enough. Called 'rent-to-own' houses, this option permits you to ren...
LEGAL GUIDANCE -
Buy a House with Cash: What Are Its Pros and Cons
After several years of slogging and effort, you certainly should have a dream home. Buying a home with cash gets you closer to your dreams rapidly. Then absolutely nothing can be much better, if you have enough savings to buy a home with cash. There are many individuals who question the best ways to buy a home without any cash down, as it is quite a lengthy and hard procedure. A great deal of...
LEGAL GUIDANCE -
5 Aspects You Must Check in Your Home Agreement
After getting an approval for your home loan you might feel that you are one step closer to your new house. But before signing on to your home agreement papers, check the following aspects. There are various costs attached to the main price of the house you are buying. These extra costs could be electricity, water, parking space or registration charges. These may be included in the main ...
LEGAL GUIDANCE -
Legal Issues to Take Care While Buying a Resale Property
There are many advantages of buying a resale property. Firstly, you will not have to pay any money on rent. Secondly, you will not have to count your days to get the possession of your house as it would already be ready to move in. Lastly, you can save a lot of money on taxes that you would have to pay if you had bought an under construction house. But there are certain points that you must bea...
LEGAL GUIDANCE -
A Comprehensive Guide to Stamp Duty
Stamp Duty is basically a kind of tax paid by the purchasers for the transaction of his property to the government under whose jurisdiction the property is. It is imposed on all kind of properties, be it freehold or leasehold, agricultural or non-agricultural, apartment or commercial units. Stamp Duty is subscribed in the Indian Stamp Act of 1899 and Bombay Stamp Act of 1958. This was first int...
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How to Choose the Right Home Owners Insurance?
You build a house to make it your home so that you can live in it for many years and in many cases many generations. To make this possible you have to protect it from unforeseen risks and damages. Here comes in Home Owners Insurance. It is an important investment in today’s world when you are entering into your new home. In order to protect all your assets and the various pieces of property i...
LEGAL GUIDANCE
