Is Aadhaar card mandatory for property registration?
Registration department officials sent a proposal to the government to make Aadhaar card compulsory for land registrations. "Once Aadhaar is mandated, people should provide their Aadhaar card as an identification proof.
Can a property be registered in two names?
Yes the registration can be done in joint names, however if any one person is taking a housing loan, then essentially the bank would not permit inclusion of any other persons name as joint owner of the property unless it is husband and wife. if both are funding it and one bank is lending the money, then no issues.
What documents are required for property registration?
Here is the list of documents required:
- Absolute sale deed in present seller's name.
- Khata certificate & extract from BBMP.
- Latest tax paid receipt.
- If any loan outstanding on the property, latest statement from bank.
- Encumbrance Certificate from date of purchase till date
Is it compulsory to register a property?
Registering the documents relating to the transfer, sale, lease or any other form of disposal of a property is compulsory under section 17 of the Indian Registration Act, 1908. The aim of the registration is to prevent fraud, in addition to create and maintain an up-to-date public record.
Can wife buy husbands property?
If a husband and wife are the joint owners of a property and if the wife has a separate source of income, then they can both claim tax deductions individually. The tax benefit will depend on the ownership share of each co-owner.
Can I take home loan on my wife property?
Yes, you can claim income tax rebate on Home Loan. If the house is registered only on your wife's name, then it is not possible. But, if you and your wife are co-owners of the house as well as co-applicants of Home Loan, then you will surely get tax rebate.
Is PAN card mandatory for registration of property?
PAN Card is not mandatory for an NRI as they are non-residential Indians with Indian passports; especially if they do not plan to invest money into any business in India. However it is mandated by the government to have a PAN Card if, ... To buy a property they do not necessarily need a PAN Card as per rule 114C.
How can I verify a company is legitimate?
To avoid that, be thorough in your background research before doing business with a new company.
- Get the Contact Info. Check the company's website for contact information.
- Check the BBB. Look up the company on the Better Business Bureau search engine.
- Check the Chamber of Commerce.
- Check for Scams.
- Check With Your Instincts.