Mr. Vishal Goel is a sincere social worker. He works for various organizations to help the less fortunate segment of our society. He also has shown his keen attention towards the ‘Beti Bachao Beti Padhao’ initiative launched by the government of India and has successfully managed to guide and provide aid to various people under different age groups by fulfilling their basic needs. Mr. Vishal Goel is a futuristic person whose vision is to open a charity house to facilitate and educate the special needs students that would help them to cope with the challenges of day to day life and employment they fit for.
Besides technical details pertaining to area and the amenities, one should verify the building plan approved by Municipal Corporation or such other competent authority, commencement certificate, ownership documents (title documents) etc. If it is a resale flat then verification of further documents such as Share certificate, rent receipts, Maintenance receipts etc becomes necessary. Verification of Occupancy certificate is also imperative wherever applicable. However, this is a professional job and services of a competent advocate shall be used for the same.
Unless the parties have agreed to the contrary, the liability of paying stamp duty is that of the buyer in the ratio of Female- 4% and Male- 6%
Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value whichever is higher.
A freehold property (plot or a flat) is one where there are a whole and sole owner(s). Ownership is full and unconditional (within the provisions of the laws of the land) and there is no lessor/ lessee involved.
Gift of immovable property is considered as a 'transfer' under the provisions of the Transfer of Property Act and the transaction has to be registered through a Gift Deed and the stamp duty should be paid as per provisions of the applicable stamp act. ee involved.
The seller should disclose all material defects in the property which is the subject of a sale, to the buyer. He also must produce the title deeds of the property. Upon completion of Sale, he has to give the possession of the property and also deliver the title deeds on receipt of the price.
The buyer is to pay the purchase-money to the seller.
By Registration of transaction of immovable property will become a permanent public record. This is a notice to the general public. Those getting transfer of property should verify whether such property has been previously encumbered. According to the Transfer of Property Act right, title or interest can be acquired only if the deed is registered. If a deed of transfer, which is compulsorily registrable, is not registered, it will not be admissible in evidence.
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