Property Buying Tips: Home prices in India are skyrocketing, not only in Tier 1 cities but also in Tier 2 and Tier 3 cities. People are investing their life savings to purchase a home. Property prices have reached crores of rupees. In such a situation, there are some important things to keep in mind when buying a house, shop, or other property so that you don’t face future problems.

There are two types of properties in the real estate market: one under construction and the other ready-to-move-in properties. Ready-to-move-in properties are already built, and you can move into your new home immediately after purchasing the house. Many people prefer this option. If you are considering buying a ready-to-move-in property, you should keep these things in mind.

How old is the property?

According to real estate experts, older homes tend to be less valuable than newer properties. Therefore, it’s important to inquire about the property’s age. You can consult a structural engineer, neighbors, and property dealers for this information. Only after confirming this information should you consider purchasing a home.

Get information about the property owner

People often fall victim to fraud in the real estate market. Disputes often arise between property dealers and buyers. To avoid such situations, you should inquire about the property’s ownership. You can take the property papers to the revenue office and find out in whose name the house is registered.

Get information about amenities

Before purchasing a home, be sure to check the area’s infrastructure. Find out the condition of electricity and water, and whether the supply is regular.

Also, essential amenities like markets, schools, and hospitals should be available nearby so you don’t face any problems.

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Now, you don’t have to visit the sub-registrar office to check whether your land or house registry is genuine. Most states in the country have digitized land records. This means you can now verify your property’s authenticity online, from the comfort of your home, in just a few minutes. Each state government has its own online portal where registry information can be checked. For example, people in Uttar Pradesh can check their registry by visiting the website igrsup.gov.in.

How to check online

Go to the state’s official website.

Click on the Registry Search or Property Details section.

Fill in the basic information related to your registry, such as the registry number, owner’s name, plot number, district, and registration date.

Once you submit the information, the complete property record will appear on the screen within a few seconds.

This record contains the owner’s name, registration date, stamp duty, and registrar office information. Compare these details with your original registry papers. If the two details match, your registry will be considered genuine. You can also download or print this record to refer to in the future.

What to do if Record Not Found appears?

If the website displays a message stating “Record Not Found” or “Invalid Entry,” your registry is either incomplete or possibly fraudulent. In this case, you should visit the sub-registrar office in your area to verify the entry in the registry book. The fee for offline verification ranges from 50 to 200 rupees.

If you want to know the complete history of the property, obtain an Encumbrance Certificate (EC). This contains a record of all transactions related to the land or house. It also reveals whether there are any debts, disputes, or legal claims on the property. Additionally, review the mutation record to determine whether ownership has been transferred to the correct name.

Why Online Verification is Important

Checking the registry online not only prevents fraud and disputes, but also serves as valid proof when applying for a bank loan or selling the property. Officials say that the entire process is completed in just 5 minutes and you can easily do it from your mobile or laptop.

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This new law will make it mandatory to register documents like ‘Agreement to Sale’, Power of Attorney and Sale Certificate. The Department of Land Resources under the Ministry of Rural Development has released this draft for public comments. Several states have decided to amend this law to allow online registration. Although the Registration Act is applicable throughout the country, states can make changes to it with the support of the Centre.

Online registration and digital records through Aadhaar

The government wants to introduce a system of electronic registration certificates and digital record keeping through this bill. There will also be a facility for online submission and acceptance of documents. Apart from this, an Aadhaar-based verification system has been proposed to prevent fraud, in which the consent of the individual will be necessary. Other verification options will also be available for those who do not want to share their Aadhaar information. The government has also suggested that to further improve the registration process, it should be linked with other record-keeping agencies, so that information can be exchanged easily.

Need for change in law

The Department of Land Resources says that due to the increasing use of technology, socio-economic changes and increasing reliance on registered documents in recent years, the need for a modern registration structure is being felt. The use of registered documents has become very important in legal and commercial matters like document verification, service provision and legal decisions. Therefore, this bill clarifies the circumstances under which the registration officer can refuse to register a document. There is also a provision to make rules for cancellation of registration, which will be based on certain criteria.

What will be the benefit?

This new law is trying to make the property registration process more transparent, faster and secure. Online registration and digital records will save time and effort. Aadhaar verification and other options will reduce the chances of fraud. Also, sharing information with other agencies will make the process more efficient. This bill can be a big step towards making property-related transactions easier and more reliable. The government has asked people to give their opinion on this draft, so that it can be improved.

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What does section 194-IA say?

• When a person or an entity purchases property from a resident individual, it is necessary to deduct TDS.
• This rule does not apply to agricultural land.

Relief on property up to ₹ 50 lakh

If both the property price and stamp duty value are less than ₹50 lakh, then TDS is not required to be deducted.

When to deduct TDS?

TDS shall be deducted on the date of whichever event occurs earlier:

1. When money is transferred to seller’s account
2. or when payment is made—whether by cash, cheque, draft or other mode

Also applicable on NRI taxpayers

This rule also applies to non-resident taxpayers (NRIs). If you do not follow the rules, you may be considered an ‘assessee in default’ or in some cases, even a tax evader.

Important changes regarding TDS in section 194-IA from April 1, 2025, know the new rule

The rules related to tax deduction (TDS) in real estate transactions have been changed. The existing and new rules related to TDS under section 194-IA of the Income Tax Act are as follows:

• 1% TDS will be deducted on the purchase price or stamp duty value, whichever is higher.
• If the seller does not provide PAN or Aadhaar, the rate of TDS will be 20% (under section 206AA).
• The rule of ‘higher TDS rate for non-filers’ under section 206AB will not apply to section 194-IA from April 1, 2025.
• If PAN and Aadhaar are not linked, 20% TDS will be deducted under 206AA.
• If the seller is an NRI, TDS will be deducted under section 195 and not 194-IA.

This process is necessary under section 195 of the Income Tax Act

If an Indian resident buys immovable property from an NRI, then it is necessary to deduct TDS (Tax Deducted at Source) on the entire transaction amount. This provision has been made under Section 195 of the Income Tax Act, 1961.

According to Ankit Jain, partner of Ved Jain & Associates, in this situation, TDS is not deducted only on the capital gain, but on the entire sale consideration i.e. the sale price. This is done so that the tax on this income earned by the NRI in India can be recovered in advance.

If the payment is not taxable then approval has to be taken from AO

Rashi Khanna, Associate Partner, DMD Advocates, explains that if the buyer feels that this payment is not taxable for the NRI, he can apply for it to the Income Tax Officer (AO). Then the payment has to be made as per the order of the AO. If the buyer does not deduct TDS or deducts less TDS, he may have to face interest and penalty under the Income Tax Act. Therefore, it is important to be very careful in such cases.

Tax consultants warn that if the buyer fails to fulfil his obligation to deduct tax, he will be treated as an ‘assessee in default’ under section 201 of the Income Tax Act.
Tax expert Khanna said that in such cases, the buyer may have to pay 1 per cent monthly interest under section 201(1A). Apart from this, he can also be fined under section 271C, which will be equal to the amount of tax that should have been deducted under section 195.

According to Pallav Pradyumna Narang, partner at CNK, NRIs should ensure that the provisions of the Income Tax Act are followed while buying property. When an NRI buys property from a resident Indian and the value of the property exceeds Rs 50 lakh, it is necessary to deduct 1% tax at source (TDS) at the time of payment.

However, if the transaction is taking place between two NRIs and the seller is also an NRI, then in such a case there is no need to deduct tax.

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The Supreme Court has also made it clear in one of its important decisions that a son can get rights over his father’s property only if he is a legal heir to that property. Especially in the case of self-acquired property, the father’s wish is paramount.

Difference between self-acquired and ancestral property

According to Indian law, property is divided into two main parts, self-acquired property and ancestral property. Self-acquired property is that which a person has earned himself through his hard work, income or business. This type of property is only owned by the person who has earned it. If he wants, he can give it to any of his loved ones, be it a son, daughter or any other relative.

In contrast, ancestral property is one that has been passed down for four generations, i.e. property that has been passed down from father, grandfather, great-grandfather or their ancestors. Such property is jointly owned by all the heirs of the family, i.e. sons, daughters and other heirs. No person is the sole owner of it and consent of all co-owners is required to sell or transfer it.

In which property of the father does the son have no right (Supreme Court)

In one of its historic decisions, the Supreme Court has made it clear that if the father’s property is self-earned, then the son cannot forcibly make any claim on it. This rule applies equally to both married and unmarried sons. If the parents want to give something from their property to the son, they can do so by making a will, but if they do not want to give, then the son cannot get any legal right.

Supreme Court Decision

Avnish Pandey, practitioner at Lucknow High Court and LLM (student), KMCLU, Lucknow, explains, “Clarifying the difference between ancestral and self-acquired property in Hindu law, the Supreme Court of India has recently held that self-acquired property cannot automatically be converted into joint family property if the owner of the property does not consent to the transfer of the same in favour of someone. This important principle has been decided by a bench of Justice R. Mahadevan in the case of Angadi Chandranna vs Shankar & Others (Civil Appeal No. 5401/2025).”

Role of Mitakshara Law in Property

In Hindu families of India, the Mitakshara Law has a prominent place in property matters. According to this law, the son gets the right to ancestral property from birth. But in the case of self-acquired property, the father has full right to give it to anyone or not. The Mitakshara system specifically believes that the father is the sole owner of his acquired property and his decision is final.

What is the role of a will in property? (Property Will)

If a person has made a will regarding his property, then the property is distributed according to that. But if no will has been made, then the property is divided under the Hindu Succession Act, 1956. This process also varies on the basis of self-acquired and ancestral property.

Thus it is clear that as per Indian law and Supreme Court’s decision, sons have no birthright on self-acquired property. They can get the property only if the father voluntarily includes them or gives rights through a will. At the same time, in the case of ancestral property, all the heirs have joint rights. Therefore, families should be aware in such cases, so that there is no dispute later.

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When a husband and wife get divorced, then after divorce, as per the rules of law, the husband has to pay alimony to the wife. In some cases, property also has to be given as alimony. But rules have been set regarding this.

This question often comes to people’s mind. Which property can belong to the wife after divorce? And which property cannot be claimed by the wife? Let us tell you. What are the rules for this?

If a husband and wife get divorced, then the wife cannot claim her husband’s ancestral property unless she is legally included in it. That is, the wife has no right over the inherited property as long as the husband is alive.

Apart from this, if her husband has bought any property from his own earnings, then the wife has no right on that property either. The wife cannot make any claim on the property earned by the husband himself. The wife has no right in the property of the husband’s parents i.e. mother-in-law, father-in-law or any other relative of the husband. The wife cannot claim any such property even after divorce.

If any property is not legally gifted to the wife after marriage, then she cannot claim that property after divorce. Apart from this, if there is a pre-nuptial agreement between the husband and wife before marriage, then the property is given on that basis. However, after divorce, the husband has to pay alimony to the wife, which is decided by the court. Apart from this, the wife has full rights over whatever jewellery and gifts are received during the marriage.

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The post Wife Property Rights: Wife can’t claim these properties after divorce, this is the rule first appeared on Rightsofemployees.com.

Although property prices are continuously increasing across the country due to demand, there is one state which has increased the circle rate so much that there is a possibility of a 40 percent increase in property prices here. It has been decided to increase the circle rate of property in this state from 200 percent to 2000 percent. After this decision, the prices of both residential and commercial properties will increase.

In fact, the Gujarat government’s recent decision to drastically increase Jantri (circle) rates has raised concerns among real estate developers and buyers. According to News18, the new rates are going to be implemented from April 1. Due to this, concerns have increased in the real estate market about their potential impact on property prices. Industry experts have warned that real estate prices across the state could increase by as much as 40%.

Increase after many years

For the past several years, there has been no significant revision in the circle rates in Gujarat, which is the government’s benchmark for land valuation. The latest offer has seen a sudden increase of 200% to 2,000%. The decision could impact existing and future real estate projects.

What does the Gujarat market say?

CREDAI Gujarat Vice President Tejas Patel said that the real estate sector of Gujarat was performing well, but this decision has stopped many projects. The real estate market of Gujarat, which has an annual value of about Rs 55,000-60,000 crore. This includes many big companies like Adani, Godrej Properties, Mahindra Lifespace, Arvind Smartspace and Parshavnath. Obviously, the impact of this increase in circle rate will be seen on the projects of these companies as well.

The state government earns a lot of money.

The state government has already collected Rs 16,500 crore through stamp duty and registration fees in the financial year 2024-25. With the proposed circle rate hike, the prices of residential and commercial properties are likely to increase significantly, which may lead to a slowdown in market activity.

Still market demand

Gujarat has traditionally had lower property prices compared to major metropolitan cities in India, making it an attractive market for buyers. However, a sudden 40% price hike could make buying a home a daunting task for many. Experts believe the government may reconsider its decision or gradually increase it to reduce the adverse impact on the sector.

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In India, girls are often said to be “paraya dhan” because they leave their father’s house and go to their husband’s house after marriage. Therefore, it is believed that they have no rights over their father’s property. But do daughters really have no rights over their father’s property or do they lose their rights over their father’s property after marriage?

If you want to know the answer to this, then let us tell you that the Government of India passed the Hindu Succession Act in 1956. This act was related to the division of property in India. Under this law, laws related to property division, succession and inheritance among Hindus, Buddhists, Jains and Sikhs have been decided.According to the Hindu Succession Act of 1956, daughters had no rights over their father’s property.

The post Daughter’s right in property: Do daughters have rights over their father’s property after marriage? first appeared on Rightsofemployees.com.

Real estate is considered the safest investment because it cannot be stolen like money or jewelry. But, there is always a risk with land and house and that is business. Especially when you have rented out a house or vacant land to someone or have not paid attention to it after buying it. Many people encroach on vacant land and make temporary constructions. Disputes related to the possession of land and houses are arising every day across the country. People also go to the police station and court regarding disputes related to these lands.

Legal resolution of such disputes can be lengthy, so do not let a situation arise where you have to go to court. Encroachment or illegal possession is considered a crime in India. There are also legal provisions for this. In such a situation, it is important to know the legal ways to deal with land encroachment.

Land encroachment is when a person illegally occupies or usurps the land and property of another. Usually, a person builds a temporary structure to encroach on the land.

What does the law say?

Encroachment on land is considered a crime in India. Section 441 of the Indian Penal Code (IPC) applies to cases related to encroachment on land and property. If a person takes possession of land or house with wrongful intent and in an illegal manner, he can be punished with fine and 3 months of hard labour under Section 447.

What to do if your property is illegally occupied?

Meanwhile, if someone has illegally occupied your land or property, first complain about it to the concerned authorities. The landowner can file a case against the encroachers. After filing a petition in the court, the court can stop the encroachment and also order compensation.

In the case of land encroachment, the court decides the amount of compensation based on the value of the land. In case of any damage to your property during illegal occupation, the complainant can claim compensation under Rules 1, 2 and 3 of Order 39. Also, the problem of land encroachment can be resolved by mutual consent. These include options like mediation, partition of land, sale and lease of property.

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Today we will know here whether a married sister can claim her brother’s property. What are the circumstances in which a sister can claim her brother’s entire property? To know the answer to this question, it is very important to know about several important aspects.

Real estate advertising platform Housing quoted Lucknow-based lawyer Prabhanshu Mishra as saying that there are several rules regarding the share of sisters and daughters in property. According to the law, a parent can give all the property acquired from his earnings to his married daughter and in such a situation, his son i.e. the girl’s brother cannot do anything. However, in the case of ancestral property, the brother and sister have an equal share in their father’s property.

In this situation, the sister can claim the entire property of the brother, let’s know about this: According to the Hindu Succession (Amendment) Act, 2005, a married sister can claim the property or share of her brother only in certain circumstances. According to the law, if a person dies without writing a will and there are no class claimants like wife, son or daughter to claim his property. So in such a situation, the sister of that person (Class II claimant) can claim the property of her brother. In such a situation, the law of the country gives the sister the right to claim the property of her brother.

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The post Property rights: Can a married sister claim her brother’s property? Know what the law says here first appeared on Rightsofemployees.com.

The Supreme Court has said that the ownership of any immovable property is not transferred until the sale deed is registered. The ownership of the property is not transferred merely by taking possession of the property or handing over the property and making payment.

Property will be transferred only through registered documents.

In its judgment given last month, a bench headed by Justice BV Nagarathna said that as per the provision of Section 54 of the Transfer of Property Act, 1882, property can be transferred only through registered documents. The sale of immovable property worth Rs 100 or more will be considered valid only if it is done through a registered document.

Possession is also of no use!

The Supreme Court has made these comments in favour of an auction buyer. Another person had raised an objection and claimed possession of a part of the property but this claim was based on an unregistered ‘agreement to sell’ and general power of attorney. The court rejected the objection. Many times people buy property through power of attorney and will through property dealers or middlemen. This decision of the Supreme Court will prove to be a precedent in such cases.

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Along with this, we will tell you how you can protect your property from being occupied by a tenant. For this, what paperwork should you complete before giving the property on rent.

General rules for renting

There should be a written tenancy contract between the landlord and the tenant, which contains details of the rent, mode of payment, duration, responsibility for repairs, etc. The tenant gets the right to use the property, but cannot violate the rights of the property owner. The landlord can increase the rent from time to time, but it should be as per the state rules.

How can a tenant become an owner?

Under Indian law, if a tenant has occupied a property for a certain period of time and the landlord has not tried to take it away, in some states the tenant may have the right to become the owner of the property. This process happens under “Adverse Possession”, which is recognized under certain conditions given in Indian law.

Adverse Possession Rule

If a person occupies a property illegally and this occupation continues for a few years, then that person can claim the rights of the owner. This process is usually completed in a period of up to 12 years, if the landlord has not made any attempt to occupy the property and the tenant continues to occupy it.

What are the conditions of the rules?

The status of possession must be publicly, clearly and conspicuously maintained. The possession must be private and without obstruction. The time limit can be up to 12 years (or sometimes 30 years, depending on state law). However, this rule does not apply in all cases, and this doctrine cannot be used if the landlord has already claimed the property in court or taken legal action.

Legal disputes related to tenancy

If there is a dispute between the tenant and the landlord, it can be resolved in the court. In this context, the tenant must first obtain a right in the court. Rent Control Acts are applicable in some states, which clearly define the rights of the tenant and the landlord and also bring discipline in it.

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The post What is the rule for renting a property, can a tenant become an owner in 12 years? first appeared on Rightsofemployees.com.

After this, when the flat is ready, after paying the full amount, the builder registers it in favor of the buyer. But a new decision of the Uttar Pradesh government in this regard is increasing the tension of buyers as well as builders. In this, it has been asked to get the builder-buyer agreement registered as well.

What is the new decision of UP government

Financial Express has given a report about this. It says- The UP government has decided that if a buyer makes a builder-buyer agreement on payment of 10% of the flat price to the builder, then it will also have to be registered. This decision has created a lot of apprehension among both buyers and developers. It is mandatory for home buyers to pay one percent of the property value as stamp duty to ensure its registration in government records. Additionally, they will also have to pay a registration fee of 1% of the property value to finalize the documentation in Noida and Greater Noida.

Different from the existing policy

This policy of the UP government is different from the practices followed in other states. In those states, the sale agreement usually includes minimum stamp paper charges ranging from Rs 1,000 to Rs 10,000. Currently, the buyer and the builder enter into a preliminary agreement on a stamp paper of Rs 100. The authority gets involved only when the developer gets the Occupancy Certificate and the Completion Certificate of the project.

Expenses will increase

Although the rationale behind implementing this decision is to protect the rights of flat buyers, it will also fill the government’s coffers through stamp duty. However, the tripartite agreement will also include the specifications of the property, the total cost, payment terms and the date of possession. Nevertheless, industry leaders highlight the possible implications of this mandate. They say that it will have an impact on both home buyers and the real estate sector.

Trouble for no reason

Financial Express quoted Manoj Gaur, CMD of Gaurs Group and Chairman of CREDAI National, as saying that this would not be a favourable practice as it puts unnecessary financial burden on homebuyers. They have to arrange a large amount upfront at the time of booking. In other states, the sale agreement is processed on nominal stamp papers between Rs 1,000 and Rs 10,000, which is not the case here. The proposed 1% non-refundable registration fee that is part of the provision is also a direct loss for buyers. The lack of clarity on the refund policy in case of cancellation adds to the anxiety.

Up to 20 percent of bookings are cancelled

Gaur says that generally 15-20% of bookings in any project are cancelled due to various reasons. This is also mandated by RERA. However, ‘the new regulation will significantly impact the financial condition of buyers who want to cancel their bookings, as they are already facing unexpected challenges.

Obstacles to the development of the real estate sector

Gaur believes that this provision will hamper the sector to a great extent in Noida, Greater Noida, Yamuna Expressway and in fact the entire state. The real estate sector has emerged as a major part of the state’s economy. Therefore, he believes that this provision should not be considered as it will hamper the growth of the state’s real estate sector.

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In this regard, CM Atishi has approved the ‘Any Where Registration’ policy. Under this, people will no longer have to go to a particular sub-registrar office for registration and people will be able to take an online appointment in any of the 22 sub-registrar offices in Delhi as per their convenience.

In Delhi, people have to go to the sub-registrar office to buy or sell property. Whether it is buying property or getting the property registered in any other way, one has to go to the sub-registrar office. Often many types of complaints are raised about the sub-registrar office. For example, there are many sub-registrar offices where there are long queues. Where it takes a long time to book an appointment. There are many sub-registrar offices where there is not much crowd.

CM Atishi said that to solve these problems, a new policy ‘Any Where Registration’ is being introduced. Under this policy, if people want to get property registered, they can go to any sub-registrar office in Delhi. Now people will not have to be limited to only one sub-registrar office for property registration.

He said that all the sub-registrars of Delhi will now work as joint-sub-registrars and their jurisdiction will be all over Delhi. If any person living in Delhi wants to get his property registered in the sub-registrar office, then he can take an online appointment in any of the 22 sub-registrar offices of Delhi.

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Property circle rates have also increased tremendously in major areas like Indirapuram, Kaushambi and Vaishali. The rates of commercial properties and agricultural land have also increased drastically. Circle rates have been increased after a gap of two years.

Pushpendra Kumar, AIG Stamp and Registration Department, says that in the last two years, the city has seen an infrastructure transformation in terms of connectivity. The Rapid Rail has started operating and is in expansion mode. The city already has metro connectivity and DME and expressways like the Delhi-Dehradun Expressway and others are also coming up. All this has increased the market rates of properties. To take advantage of the rising market, the circle rate has been increased.

What is the rate where?

The circle rate for residential plots in Wave City and Aditya World City along NH-9 has been increased from Rs 17,300 per sq metre to Rs 35,000 per sq metre. The revised circle rate in Indirapuram is Rs 95,000 per sq metre, which was Rs 58,000 per sq metre earlier. In Kaushambi the revised rate will be Rs 1.03 lakh per sq metre, which was Rs 64,000 per sq metre earlier, while in Vaishali Township it has been increased from Rs 58,000 per sq metre to Rs 97,000 per sq metre.

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The circle rate in Vasundhara, which was earlier Rs 52,000 per sq m, has now been reduced to Rs 28,000 per sq m. The circle rate for commercial properties has been increased from Rs 1.08 lakh/sq m to Rs 1.15 lakh/sq m, while the rate for agricultural land has been increased by 10% across the district.

The new circle rate for commercial properties in Indirapuram and Vaishali townships will be Rs 1.15 lakh per sq m, up from Rs 1.08 lakh per sq m earlier. In Ambedkar Nagar, the new rate is Rs 1.50 lakh per sq m, up from Rs 1.38 lakh per sq m earlier. The revised rate in Noornagar village has gone up to Rs 21.7 crore per hectare.

The Stamp and Registration Department expects to get Rs 125 crore more revenue in the current financial year.

The revised circle rate will fetch the government Rs 125 crore more revenue. In the last financial year, the state government had set a target of Rs 3,104 crore for Ghaziabad. 96% of the target was achieved.

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If you have been living on rent, you must have noticed that any rent agreement is only for 11 months. In such a situation, a question arises that why is the rent agreement only for 11 months? Why not for one year or just 10 months?

Rent agreement is called a written agreement between the owner of the property and the tenant in simple language for renting out the property. It contains the details of the buyer and the tenant. It also contains the date of renting the house and the time for which it is being fixed.

As per the requirements of the Indian Registration Act 1908, registration of a property on lease for one year is mandatory. Hence, to avoid the registration process and cost of stamp duty etc., the rent agreement is prepared for 11 months only.

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Section 17 (D) of the Indian Registration Act, 1908. According to this section, if any tenant and landlord make an agreement for a period of less than a year, then they do not need to get it registered. That is why people make an 11-month rent agreement to avoid registration fees.

However, the stamp duty is also less when making an 11-month rent agreement. But some states may have different rules for registering a rent agreement. Making an 11-month rent agreement is definitely a way to save registration fees, but it may reduce legal protection. Therefore, definitely take advice from experts.

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She reduced the long term capital gains tax from 20 percent to 12.5 percent. But, the benefit of indexation was abolished. The real estate sector was disappointed with this change.

Taxpayers will get the option of indexation

The government said on August 6 that now taxpayers will have the option to choose between 12.5% ​​and 20% tax rate of long term capital gains tax. If a taxpayer wants indexation benefit, he will have to pay 20% long term capital gains tax. If someone does not want to take indexation benefit, he will have to pay 12.5% ​​tax on long term capital gains. Taxpayers will get this option only in case of property sold before July 23.

Realty companies were disappointed due to the abolition of indexation benefit in the budget

Real estate companies were disappointed when the government abolished the benefit of indexation on long term capital gains tax on property in the Union Budget. Industry representatives had met the officials of the Finance Ministry in this regard and expressed their concerns. It is believed that after this the government has decided to give relief to taxpayers. The government has amended the Finance Bill, 2024 for this.

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Finance bill may be presented in Lok Sabha on 7 August

Finance Minister Nirmala Sitharaman may introduce the Finance Bill, 2024 in the Lok Sabha on August 7. When there is a change in the tax rules, the government has to get it passed in the Parliament. It is said that in the Finance Bill, the government has also amended the customs and excise duty on some things.

Relief only for those who sell property before 23 July

Real estate companies will get relief due to the government’s relaxation in the rules of long term capital gains tax on property. This will also benefit many property owners who have made long term capital gains by selling their property before July 23. Now they will have the option of calculating their long term capital gains with or without indexation. They will choose either of the two as per their benefit.

What is indexation benefit?

Due to indexation benefit, the purchase price of the property increases. Actually, under indexation, the purchase price of the property is adjusted with inflation. This can be understood with an example. Suppose you bought a property 15 years ago for Rs 10,00,000. You sold it on July 1 this year for Rs 20,00,000. In this way, your capital gain comes to Rs 10,00,000. But, your purchase price of Rs 10,00,000 increases to Rs 14,000 due to indexation benefit. This reduces your capital gain to just Rs 6 lakh.

The post Government gave relief in long term capital gains tax on property, know how you will benefit first appeared on Rightsofemployees.com.

Let us tell you that the central government had decided to remove indexation from the long term capital gains tax on real estate deals in the budget. There was a lot of opposition to this and now the government, listening to the demand of the people, has again provided the option of indexation.

However, the benefit of indexation will be available only to those property buyers who have purchased the property before 23 July 2024. Now property buyers have 2 options. First, if you want to sell the property purchased before 23 July, then pay 12.4 percent tax directly on its profit without using indexation. The second option is that you use indexation and pay 20 percent tax on the profit.

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How does indexation work?

Suppose you bought a property in 1995. Its price was Rs 50 lakh. Now you sold this property in 2015 for Rs 1.50 crore. Simply put, you made a capital gain of Rs 1 crore. Now the work of indexation here will be that the 1995 price of the property will be adjusted with inflation. In this way, on adjustment, you will see that the property purchase value will be Rs 1.20 crore. That means your capital gain is Rs 30 lakh. You will have to pay 20 percent LTCG on Rs 30 lakh. Your liability will be Rs 6 lakh.

Let us tell you that the system of indexation was still in place for properties bought before 2001 and it was abolished for properties bought after that. It is worth noting that CBDT releases the Cost Inflation Index every year so that people can easily adjust the old price of the property according to the current inflation.

The post Property buyers/sellers: Relief for those dealing in property, option of indexation on tax restored again! first appeared on Rightsofemployees.com.

Every employed person tries at some point of time to reduce his income tax liability, and the government also provides many deductions and exemptions in income tax so that taxpayers can save money. One such exemption is the exemption in House Rent Allowance, which is called HRA Exemption or HRA Rebate.

House Rent Allowance (HRA) is a head that can help any taxpayer a lot in saving income tax, and many salaried people also use it. To save income tax, many salaried people pay monthly house rent to their parents and then get exemption on that amount, but it is very important for such people to keep some things in mind.

Those who pay rent to their parents should remember…

The most important thing in this context is that the house for which the salaried taxpayer is paying or claiming to pay the rent, that house (i.e. property) should not be in his own name. As per the rules, the house should always be in the name of the landlord (to whom the rent is being paid). So, keep in mind, it is wrong to show your mother or father as the landlord collecting the rent while living in your own property.

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Landlords must also file ITR…

Another thing to remember for a salaried person who is claiming or going to claim HRA Rebate is that the parent, whoever is shown collecting the rent, should include the rent amount in his or her income and file income tax return. In fact, under section 10 (13A) of the Income Tax Act, any salaried person is exempted from income tax on the lowest amount – 50 percent of his basic salary, the amount received as HRA, or the amount remaining after deducting 10 percent of the basic salary from the actual rent paid. Therefore, many salaried people get exemption by giving rent receipts in the name of their mother or father. The most important thing to remember for such people is that it is necessary for the mother or father to show this rent amount in their income and pay tax on it.

Always keep documentary evidence ready…

There is one more important thing – always keep documentary proof of the rent paid to your parents ready. That is, you must have the rent receipts, and it would be better if you always pay the rent online, so that your and the landlord’s bank account statements can also be presented as proof.

How much will the mother or father’s income be recorded…?

If you are claiming HRA Rebate by paying house rent to your parents, then the same amount will be included in the income of the parents. For example, if a person gets ₹50,000 basic salary along with ₹25,000 as HRA, and he actually shows ₹25,000 as the rent amount, then he will get HRA exemption only on ₹20,000 per month, because this is the amount left after deducting 10 percent of the basic salary from the amount of rent paid. So, now the income of the parents collecting the rent will increase by ₹20,000 per month (even if their income is zero, their income will now be considered as ₹20,000), and after deducting 30 percent maintenance expenses from this amount, they will have to pay income tax on the remaining amount.

So, overall it is very important that the rented house should not be the property of the tenant, and the rent paid to the parents should be paid through the bank, and the tenant (parent) should include the amount received as rent in his income and pay income tax on it.

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The property market in the country is once again gaining momentum and people are showing enthusiasm in buying flats, plots and commercial properties. Builders and realty developers are also happy with the good pace of purchase and sale of property again. However, while buying property, you should be aware of some basic things and be cautious otherwise there is a fear of fraud.

Here we will tell you which documents you should check before purchasing any property and only then purchase the property. Here we will tell you which documents you should check beforehand while purchasing a property.

Title deeds

Before buying any property, get information about its title deed beforehand and check its documents. You can get it certified by a lawyer. Mainly, the title deed shows that the property you are going to buy is not stuck in any legal trouble. There is no problem in its transfer, divide etc. You should proceed with the purchase of property only after seeing this title deed.

Are the loan papers clear or not?

Before buying a property, you should check the papers to ensure that there is no loan of any kind on your property. Its owner does not have any debt as a liability on this property. It is very important to check it and without checking it you should think about purchasing the property.

Layout Papers

You should be careful about the layout papers of the property and get all the information about its map, whether the open area map is nearby or not. You should be assured beforehand that there will be no property dispute of any kind later.

NOC or No Objection Certificate

Before purchasing any property, it is very important to obtain its No Objection Certificate. If you are buying a flat then you should have information about its society and NOC of the tower.

Commencement certificate

This is known as Construction Clearance Certificate and get it before purchasing a flat or under construction property otherwise it may lead to problems later. Here you can know what experts related to buying and selling property have to say about this.

Akhil Gupta, Co-Founder and CTO, NoBroker.com, says that despite all the pros of buying property in the current real estate market, this plan can go sideways and create more inconvenience and stress than the property is worth. In this context, here are five key things to note before buying a property:

Property ownership check

Before buying, it is important to research about the ownership of the property. Title deed is one of the most important documents that should be verified before purchasing a house or anything else that helps indicate the actual ownership. It also states the rights and obligations of the owner and the rights of a mortgagee, if required by the owner to verify that there are no issues with respect to ownership transfer, partition, conversion, mutation, etc.

It is also essential to verify that the land on which the property is built has been purchased legally and if it has been constructed in compliance with the permissions provided. It is advisable to have the ownership document reviewed by an attorney. Thankfully, with the help of online legal assistance by proptech firms like No Broker, this service has now become hassle-free.

Verification of Encumbrance Certificate: Seek help from a legal professional

Property is a tangible asset, and over the years it bears certain taxes by the local municipal corporation. Thus it is necessary to verify that he has no outstanding dues for which a buyer should check the encumbrance certificate. An encumbrance certificate proves that there is no monetary and legal liability on your property. This can be obtained from the office of the sub-registrar where the property has been registered. This is an important aspect to check as it can go back as far as 30 years.

Commencement Certificate

It is also known as construction clearance certificate. This document is mandatory when you are purchasing an under-construction property from a developer. It could be a builder’s flat, land or house. It said that the construction has started only after getting necessary approvals, licenses and permissions from the local authorities.

layout or building plan

Layout plans should be approved by the appropriate planning authorities. Home buyers need to be cautious as there have been cases where developers have deviated from the approved layout by adding extra floors or reducing open areas. This is an important aspect that should be cross-checked before finalizing the property purchase.

Usually, a building plan is approved by the local municipal authority. It is also known as a site plan and this document includes a blueprint of the project, equipment layout and utilities. Any unauthorized or additional construction runs the risk of subsequent demolition or denial of possession.

Occupancy or OC Certificate

Last but not least, this certificate is also issued by the local authorities only after the completion of the construction of the project. This document certifies that the property has been constructed in compliance with the permissions granted. Therefore, at this stage the developer must have completed all the necessary water, sewage and electricity connections. This ensures that the building is suitable for business purposes and that the people purchasing the property can have it.

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Why property buyers should check seller’s PAN status properly: If you are going to buy a flat, shop or any such property whose price is Rs 50 lakh or more, then the information given here can save you from huge losses in future. Is. Actually, according to the income tax rules, if you are going to buy a property worth Rs 50 lakh or more, then at the time of payment, it is your responsibility to deduct 1 percent of the sale price as TDS and deposit it with the government. If you have ever bought or sold property before, you may be aware of this rule. But there is another condition associated with this rule, about which many people are not aware. Due to this, many times property buyers may have to suffer huge losses. But the information given here can save you from such possible losses.

What is the rule for TDS deduction at the time of payment?

According to Section 194 IA of the Income Tax Act, a buyer of property worth Rs 50 lakh or more has to deduct and deposit 1 percent of the value of the property as TDS. But the special thing is that the rule of 1 percent deduction is applicable only when the PAN number of the property seller is valid and active. That is, the PAN number of the property seller which is being used for deducting and depositing TDS must be valid and active at the time of payment. If the seller’s PAN is not valid at that time due to it not being linked to Aadhaar or for any other reason, then 1 percent TDS deduction will not be enough. According to the rules, if the buyer does not provide the seller’s PAN details or the seller’s PAN is not found valid at the time of payment, then the TDS deduction will directly increase from 1 percent to 20 percent. It is the responsibility of the buyer paying for the property to deduct this TDS and deposit it within 30 days. Form 26QB has to be used to deposit TDS. After this, it is the responsibility of the buyer to obtain Form 16B and provide it to the seller.

Activating PAN later is not enough

Even if you talk to the property seller and get his PAN status validated and activated after receiving the notice from the Income Tax Department, this will not give you any relief. The reason for this is whether the TDS liability will be 1 percent or 20 percent. This is decided by the PAN status of the property seller at the time of payment. That is, if the seller’s PAN is inactive or invalid at the time of payment and later becomes ‘valid’, the TDS liability will still remain at 20 percent. Under Income Tax rules, if the buyer is responsible for deducting TDS and making the payment while purchasing the property, then it is also his responsibility to check the PAN status of the seller.

What could be the result of deducting less TDS?

If you made a payment for a property worth Rs 50 lakh or more by deducting 1% TDS and later found out that the PAN number of the property seller given by you was not valid and active at the time of payment, then the Income Tax Department will charge you the remaining amount. Can give notice to pay 19 percent TDS. In the notice from the Income Tax Department, you may be asked to pay 19 percent TDS as well as interest and penalty at the rate of 1 percent per month on the outstanding amount. The amount of fine can be equal to the amount of outstanding tax. Since the seller of the property did not provide you with a valid PAN number, you can ask him to pay an additional 19% TDS and the penalty applicable thereon. But the Income Tax Department will issue the notice only to you. The best way to avoid this problem is that before making payment for the property, you not only get the PAN details of the seller, but also check whether the PAN number is valid at that time or not.

TDS Rules for Property Buyers: If you are going to buy a property, then read the information given here carefully, otherwise you may have to suffer huge losses in the future.

Why property buyers should check seller’s PAN status properly: If you are going to buy a flat, shop or any such property whose price is Rs 50 lakh or more, then the information given here can save you from huge losses in future. Is. Actually, according to the income tax rules, if you are going to buy a property worth Rs 50 lakh or more, then at the time of payment, it is your responsibility to deduct 1 percent of the sale price as TDS and deposit it with the government. If you have ever bought or sold property before, you may be aware of this rule. But there is another condition associated with this rule, about which many people are not aware. Due to this, many times property buyers may have to suffer huge losses. But the information given here can save you from such possible losses.

What is the rule for TDS deduction at the time of payment?

According to Section 194 IA of the Income Tax Act, a buyer of property worth Rs 50 lakh or more has to deduct and deposit 1 percent of the value of the property as TDS. But the special thing is that the rule of 1 percent deduction is applicable only when the PAN number of the property seller is valid and active. That is, the PAN number of the property seller which is being used for deducting and depositing TDS must be valid and active at the time of payment. If the seller’s PAN is not valid at that time due to it not being linked to Aadhaar or for any other reason, then 1 percent TDS deduction will not be enough. According to the rules, if the buyer does not provide the seller’s PAN details or the seller’s PAN is not found valid at the time of payment, then the TDS deduction will directly increase from 1 percent to 20 percent. It is the responsibility of the buyer paying for the property to deduct this TDS and deposit it within 30 days. Form 26QB has to be used to deposit TDS. After this, it is the responsibility of the buyer to obtain Form 16B and provide it to the seller.

Activating PAN later is not enough

Even if you talk to the property seller and get his PAN status validated and activated after receiving the notice from the Income Tax Department, this will not give you any relief. The reason for this is whether the TDS liability will be 1 percent or 20 percent. This is decided by the PAN status of the property seller at the time of payment. That is, if the seller’s PAN is inactive or invalid at the time of payment and later becomes ‘valid’, the TDS liability will still remain at 20 percent. Under Income Tax rules, if the buyer is responsible for deducting TDS and making the payment while purchasing the property, then it is also his responsibility to check the PAN status of the seller.

What could be the result of deducting less TDS?

If you made a payment for a property worth Rs 50 lakh or more by deducting 1% TDS and later found out that the PAN number of the property seller given by you was not valid and active at the time of payment, then the Income Tax Department will charge you the remaining amount. Can give notice to pay 19 percent TDS. In the notice from the Income Tax Department, you may be asked to pay 19 percent TDS as well as interest and penalty at the rate of 1 percent per month on the outstanding amount. The amount of fine can be equal to the amount of outstanding tax. Since the seller of the property did not provide you with a valid PAN number, you can ask him to pay an additional 19% TDS and the penalty applicable thereon. But the Income Tax Department will issue the notice only to you. The best way to avoid this problem is that before making payment for the property, you not only get the PAN details of the seller, but also check whether the PAN number is valid at that time or not.

The post Why property buyers should check seller’s PAN status properly? first appeared on Rightsofemployees.com.

There is relief news for those paying property tax arrears or interest on it. On the orders of the Haryana Government, the Urban Local Bodies Department has now reduced the interest rebate on tax to 30 percent. Earlier this discount was ten percent. People can take advantage of this till 31st July. Earlier there were three lakh 50 thousand property IDs in the Municipal Corporation area. Now their number is around five lakh ten thousand. Municipal Corporation’s ZTO Headquarters Gulshan Saluja said that the rebate on interest has been increased from ten percent to thirty percent. Camps will also be organized for data improvement.

Earlier the exemption in interest on property tax was 10 percent. The government has increased the interest rebate by 20 percent. This will provide great relief to all sections of people living in urban areas. Citizens who have outstanding property tax can avail the benefits of this government scheme by depositing property tax.

Haryana government started campaign
Giving information in this regard on Thursday, the Urban Local Bodies Department said that property tax in Haryana has now become completely stream line. The government is making publicity to ensure that maximum number of people get the benefit of 30 percent rebate in property tax interest amount.

Appeal to collect maximum tax
The government appealed to the general public to make the defaulters aware and motivate them to deposit property tax so that they can avail the benefits of this scheme of the government. People who have high property tax outstanding should deposit their property tax as soon as possible so that the Municipal Corporations and Municipal Council can get money for development works.

Property tax data correction camps will be organized
Property tax data improvement camps will be organized on Saturday, July 1 and Sunday, July 2. The Municipal Corporation has prepared a schedule for this. In Zone-1, camps will be organized on July 1 at places like Geeta Bhawan New Colony, Plot No. 511 Pace City-2 etc.

Similarly, on Sunday, July 2, data improvement will be done by setting up camps at many places including Outgoing Councilor Office Heera Nagar, Outgoing Councilor Office Nehru Lane, Corona Society Sector-37C and India Bulls Centrum Park Sector-103.

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The post Property Tax : 30% rebate on property tax interest, big relief to the people of Haryana including Gurugram, Faridabad. first appeared on Rightsofemployees.com.

As the demand for property has increased, the allotment rates of Yamuna Authority have also gained momentum. Buying and selling property in YEIDA area became expensive. The authority’s 80th board meeting on Tuesday approved an increase of 5.14 percent in property rates for all categories.

The new rates will be applicable from April 1. With its implementation, all types of properties, from residential to industrial to institutional, will become expensive. The authority will allot the property at the new rates.

Prices increased for house and industrial lands

The 80th board meeting of Yamuna Authority was held on Tuesday under the chairmanship of Principal Secretary Industrial Development and Chairman Anil Sagar. In this, the board approved the increase in property allotment rates for the upcoming financial year. Residential rates have been increased by Rs 1300 per square meter. The rates of industrial plots have been increased from Rs 430 to Rs 698 per square metre.

In the institutional category, the price has been increased from Rs 400 to Rs 740 per square meter, in the social infrastructure category, it has been increased from Rs 590 to Rs 1120 per square meter. The allotment rate has been increased from Rs 450 to Rs 850 per square meter in IT & ITES category, and from Rs 430 to Rs 698 per square meter for industry.

Yamuna Authority CEO Dr. Arunveer Singh said that the minimum increase in property allocation rates has been made on the basis of inflation index. The new rates will be applicable from April 1. The allotment rate for Medical Device Park has also been increased by five percent to Rs 7360 per square meter for plots up to four thousand square meters.

Category Old Rate New Rate

• Residential 24600 25900
• Commercial 49200 51800

Upto 2 FAR

• More than 2 FAR 59100 62200
• Group Housing 30750 32375

Institutional

• four thousand square meters. Upto 14280 15020
• More than 80 thousand square meters 7530 7930
• Social Infra 11310-21650 11900-22770
• Industry 11550-7290 12150-7670
• Transport 51800

Mix Land Use (depending on area, up to two FARs)

• Industry 16840 15700
• Institutional 17930 15760
• Recreation Green 16200 15070

More than two FAR

• Industrial 17670 16530
• Institutional 18770 16590
• Recreation Green 17030 15900

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The post Noida circle rate: Now buying land in Noida has become very expensive, new rates released first appeared on Rightsofemployees.com.

As the demand for property has increased, the allotment rates of Yamuna Authority have also gained momentum. Buying and selling property in YEIDA area became expensive. The authority’s 80th board meeting on Tuesday approved an increase of 5.14 percent in property rates for all categories.

The new rates will be applicable from April 1. With its implementation, all types of properties, from residential to industrial to institutional, will become expensive. The authority will allot the property at the new rates.

Prices increased for house and industrial lands
The 80th board meeting of Yamuna Authority was held on Tuesday under the chairmanship of Principal Secretary Industrial Development and Chairman Anil Sagar. In this, the board approved the increase in property allotment rates for the upcoming financial year. Residential rates have been increased by Rs 1300 per square meter. Industrial plot rates have been increased from Rs 430 to Rs 698 per square metre.

In the institutional category, the price has been increased from Rs 400 to Rs 740 per square meter, in the social infrastructure category, it has been increased from Rs 590 to Rs 1120 per square meter. The allotment rate has been increased from Rs 450 to Rs 850 per square meter in IT & ITES category, and from Rs 430 to Rs 698 per square meter for industry.

Yamuna Authority CEO Dr. Arunveer Singh said that the minimum increase in property allocation rates has been made on the basis of inflation index. The new rates will be applicable from April 1. The allotment rate for Medical Device Park has also been increased by five percent to Rs 7360 per square meter for plots up to four thousand square meters.

Category Old Rate New Rate

• Residential 24600 25900
• Commercial 49200 51800

up to two farr

• Two FAR more than 59100 62200
• Group Housing 30750 32375

institutional

• Four thousand square meters. till 14280 15020
• More than 80 thousand square meters 7530 7930
• Social Infra 11310-21650 11900-22770
• Industry 11550-7290 12150-7670
• transport 51800

Mix Land Use (depending on area, up to two FARs)

• Industry 16840 15700
• Institutional 17930 15760
• Recreation Green 16200 15070

MORE THAN TWO FAR

• Industry 17670 16530
• Institutional 18770 16590
• Recreation Green 17030 15900

The post Noida Property Rates: Buying land in Noida has become expensive, new property rates released, check New Rate first appeared on Rightsofemployees.com.

Buying a house is everyone’s dream. But a little carelessness while buying property can land you in big trouble. You may have to make rounds from the police station to the court. In such a situation, it is better to check all the important things carefully before buying a house or any other property. Let us tell you what things are mandatory to be kept in mind from finalizing the property deal to registration…

Before buying a property, check these 5 things-

1– The deed of any property is done in two ways. First, we directly meet a deed writer or advocate and tell him about our transaction and get the deed prepared and registered. Second- We get all the work done through a property dealer, in which the work of making the deed is also done by the property dealer. Whatever may be the situation, keep in mind that the deed should be prepared four-five days before registering the property.

Many times the deed writer just changes things like name and address and copy pastes the previous registry and prepares the registry. If any detail is entered incorrectly in the registry, you may face problems in future. It is better to get the deed prepared 4-5 days in advance and check each and every thing.

2– Check the property details in the deed carefully. Check that the title of the property is in the name of the person selling the property to you. Second- The measurement and boundaries mentioned should be correct. If you do not understand anything in the deed, you can take the help of an advocate.

3- The stamp duty to be charged on the deed should also be calculated carefully a few days in advance. Famous advocate Naresh Kudal says in one of his videos that while getting the title deed made, we should always keep in mind that even if the stamp duty is a little high, the documentation should be proper. Many times, people try to save stamp duty by writing wrong facts in the deed but its recovery can also be done. Therefore, it is better to give correct information the first time.

4- The most important thing is that it is very important to check the title of the property you are going to register. For this one should never wait for the registration day. You should ask for a copy of all the title papers of the property from the dealer or seller through whom you are dealing. Those papers should be carefully checked to see whether the title chain is complete or not.

You should also ask the dealer or seller whether he has the original copies of all the documents available or not. If not, then what is its reason and has any missing person been registered with the police? Advocate Kudal says that if you have even the slightest doubt in the papers then contact the advocate.

5- Before registration, check whether the seller actually has possession of the property you are buying or not. Many times such a situation happens that you buy a property and when you go to take possession, you find it occupied by someone else. It would be better if you get the possession letter prepared on stamp paper worth Rs 100. It should be signed by both buyer and seller. It would be better if you make a video while taking possession.

What is necessary on the day of registration?

At the time of property registration, you have to take all the original papers from the seller It would be better if you get a stamp paper of Rs 100 made while handing over the property paper.

It is also very important to check whether there is any kind of loan or any dues of any department on the property you are buying. Like bills like house tax, electricity, water, telephone broadband. At the time of registration, you should also take a copy of their latest bill.

When you register a property, at least 2 witnesses are required. The signatures of these witnesses are also on the document and their biometrics are also recorded in the sub-registrar office. Not many people take the subject of witness seriously. Many times the property dealer or deed writer is made to sign as a witness. If the need ever arises in future, such witnesses will not be of any use to you. Therefore, always keep in mind that as a witness, keep such a person who can testify in the court if needed.

The thing to keep in mind here is that do not make any of your close relatives a witness because if the matter goes to the court, the court considers such a witness as selfish.

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After marriage, the woman leaves her parents, siblings and family and lives in her in-laws’ house. This is the reason that socially and legally, women are given some rights after marriage. But today in this article we will try to know whether just by getting married a woman becomes equally entitled to a man’s property?

These rules are very important

According to Indian law, the wife has no right on her self-acquired property while the husband is alive. Only after the death of the husband, his wife will have the right in the property, but if the husband has written a will before his death, then the rights to the property will be decided on the basis of that. That is, if the wife’s name is not there in the will, then she will not get any right in that property.

Whereas, according to the rules, in case of divorce or separation from the husband, the woman has the right to receive only alimony from her husband. That is, it is clear that upon separation, she cannot claim rights from her husband’s property.

Chhattisgarh High Court, while hearing a case regarding the maintenance of a Hindu widow, had given a very important decision. While giving the verdict in this, the court had said that if the Hindu widow is not able to survive from her income or property. In such a situation, she can claim maintenance from her father-in-law.

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Delhi Development Authority (DDA) will e-auction some of its luxury apartments in Dwarka Sector 19B on March 5. There will be a third phase of the auction. The authority has started taking registrations for this auction. 28th February (Wednesday) will be the last day of registration. In this auction, penthouses worth Rs 5 crore and HIG flats worth Rs 2.05 crore will be auctioned by DDA.

The authority had conducted the first round of e-auction for 296 apartments on January 5, in which 274 apartments were booked, while the second round of e-auction for 707 apartments was held on February 5. The flats being offered through e-auction are part of DDA’s Festival Special Housing Scheme 2023,

where penthouses, Super HIG (Higher Income Group), HIG, MIG (Middle Income Group), LIG (Lower Income Group), and 32,000 flats have been put up for sale under various categories including EWS (Economically Weaker Section).

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Allahabad High Court has given an important decision in the family property dispute and said that if a person has purchased any property in the name of his wife and got it registered, then her family members will also have a share in it.

The High Court has made it clear in its decision that the family members will not be considered to have rights over the property only when it is proved that the woman has purchased the property with her own earnings, but if the woman is a housewife and any property has been purchased in her name. The rest of the family members will also have rights over it.

Hearing a petition by a son seeking rights in the property of a deceased father, Justice Arun Kumar Singh Deshwal said that the property purchased by the petitioner’s father would be considered family property because ordinarily a Hindu husband would inherit the property for the benefit of the family. Buys property in his wife’s name.

The court said, “Unless it is proved that the property was purchased from the amount of income earned by the wife, it will be considered to be the property purchased by the husband from his own income and the family will also have rights over it.”

According to TOI report, the petitioner, Saurabh Gupta, had filed a civil suit seeking one-fourth share in the property purchased by his father and had asked the court to declare him a co-sharer in the property. He argued that since the property was purchased by his deceased father, he along with his mother is a co-sharer in the property. Saurabh Gupta’s mother was the defendant in this case.

The petitioner also claimed that since the property was purchased in the name of his mother i.e. the wife of the deceased father, the property could be transferred to a third party, hence an injunction was sought from the court against transferring the property to a third party. Also demanded.

The mother of the respondent and petitioner in the case told the court in a written statement that the property was gifted to her by her husband as she had no separate source of income.

Let us tell you that in this case, the trial court had rejected the application for interim injunction, against which the son had approached the High Court. In its judgment of February 15, the Allahabad High Court said that such property prima facie becomes the property of a joint Hindu family, over which every member of the family has a right.

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Due to which they feel that by registering the property they get ownership rights. But this does not happen. For your information, let us tell you that after registration, it is very important to have this document (Property Document) to claim ownership of the property. Let us know in the news below-

why mutation is important of property – Registry may be a very important document regarding house and land but it does not ensure you getting ownership of the property. Often people become relaxed after getting registered. Even while buying property, he focuses most on the registry papers. However, getting mutation done is as important as registry. Mutation means name change.

If you think that the property will become yours just by getting it registered, then you are mistaken. To avoid any kind of problem in future, it is important that you check its mutation. You should also know that sale deed alone does not constitute transfer of name.

Without transfer of name the property is not in your name

Sale deed and mutation are two different things. Generally people consider sale and mutation to be the same. It is believed that registration has been done and the property is in one’s name whereas this is not correct.

Unless any property is transferred, no person can consider it as his own even if he has got it registered. Still, the property is not considered his because the name is transferred to another person.

How to get name transfer done?

There are mainly three types of real estate in India. First is agricultural land, second is residential land, third is industrial land. Along with this land, houses are also included. Transfer of name of all these three types of lands is done in different ways at different places.

Whenever any property is purchased through sale deed or acquired through any other means, then one should present at the concerned office along with that document and get the property transferred.

Where do you get complete information from?

The land which is registered as agricultural land, the transfer of such land is done by the Patwari of that Patwari Halke. How to transfer residential land? The records of all the documents related to residential land are with the Municipal Corporation, Municipality, Municipal Council of that area or Gram Panchayat in case of a village.

The record of industrial land is kept in the Industrial Development Center which is located in every district. This should be checked by visiting such Industrial Development Center.

Before buying property, definitely check these documents –

When any person buys a property, he invests a huge amount of his hard-earned money in it. In such a situation, it is important to thoroughly check the validity of the property being purchased.

Advocate Sanjay Mehra of Madhya Pradesh High Court says that if you are buying property in a township and all the banks there are giving loans, then understand that there is no big risk there, because banks give loans in any township only when the local government is there. Title (ownership) and search is cleared. Despite this, a person must verify some things at his level. Today we are telling you what things you should keep in mind while buying any property.

Check Link Documents

If you are buying any property, first check its link document. That is, see how many times the property has been bought and sold till now. You will know this from old registries. Take a copy of the old registry from whoever you are buying the property from.

Then see whether the details in all the registries are linked to each other or not. Check the identity proof of the person selling the property to you and match it with the documents. Take a copy of the power of attorney from the property seller.

land record information

Check the records of the land you are buying. If you are buying agricultural land, then information about its documents will be available from the Revenue Department of the State Government. Find out the Khasra number of the land. You will get all the information related to land from Khasra number.

If you are buying land to build a house, then first find out whether the land where you are buying has residential permission or not. If the property is commercial or industrial then do not buy land there because you will not be able to build a house there.

If you are taking it in township then see these documents

If you are buying property in a township then check the land use. Check whether there is Town and Country Planning permission or not. Whether the map is passed by the local authority like Municipal Corporation or not.

The most important thing is to check whether the colony in which you are buying land is legal or not. Many people think that if the government registers the property then it will be legal but experts say that it is not so. While doing registration, the government examines only from the revenue angle. It is the responsibility of the person purchasing the property to check whether a property is legal or not.

It is necessary to give notice in the newspaper

Before purchasing property, a clear notice must be given in the newspaper. Often people ignore it, but giving clear information strengthens your case. In such a situation, if any dispute arises in future regarding property, you can present your stand strongly in the court. Similarly, it is also necessary to register the agreement. Nowadays this is done with the registry itself. Many people do not get the agreement done. Failure to do so leaves you legally vulnerable.

How come there are 2-3 registries at one place?

Before buying land, it should be kept in mind that land registration is done differently in villages and cities. More cases of fake registration are seen in cities than villages. In cities, sellers often buy large pieces of land and plot it. This is where the game of fraud begins. To avoid this, some precautions must be taken.

How does fraud happen?

After land registration, the most important task is to file the mutation i.e. transfer of name. This work should be done within 2 to 3 months of registration. All the fraud happens during this period.

Since the first buyer of the land has not filed the mutation, the name of the old owner remains in his Khatauni. Now the same land is shown to another buyer and then sold and even before his filing is rejected, money is collected by registering it in the name of a third or fourth person.

Check this document before buying land

Whenever a builder buys a land, it has a Gata number. No matter how many pieces a builder creates a plot by dividing the land into, its Gata number remains the same. That means, the number of 20 plots will be different, but the Gata number of all these plots will remain the same.

Buyers can check Khatauni from Gata number. Earlier, whenever we needed Khatauni, we had to go to the Revenue Department. But now this facility has become online. The Revenue Department has made information related to land records available online.

Therefore, whenever you want to buy a plot, before buying it, first get its Khatauni and go to the registrar office to find out whether this land has been sold to someone or not. Apart from this, as soon as you get the land registered, definitely get its registration rejected after the stipulated time. With this, your name will be registered in Gata Number and Khatauni and it cannot be forged.

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You must have heard both the words lease and registry many times. But very few people have correct and concrete information about it. Due to lack of information, people buy such land only to regret it later. Therefore, before purchasing any house, house, shop or land, it is important to have complete information about it.

People want to do proper research before purchasing any land. This is a very expensive and long-term deal, so people do not want any mistake to happen here. Let us tell you that there are three types of land documents in which there is always doubt regarding the leased land.

The remaining two lands are those of registry and notary and there is not much fear or doubt in purchasing them. Today we will tell you about these three in detail and know whether it is right to buy leased land or not.

People who deal in buying and selling land know what leased land is. Or it is common for those people who have got land on lease. There will be no owner of the leased land. The owner is the government. But the one who has got the land on lease can definitely use it in his own way.

Who is the owner of the leased land?

Let us tell you that according to the new scheme, lease is given to the people by the government. Some assistance is provided to landless families under leases given by the government. No particular person has any right on the leased land. Therefore, only the government has authority over it. The government leases this land to poor families to fulfill some purpose, but it does not at all mean that the person is the owner of the land.

The leased property cannot be sold or transferred to any other person. This facility is not provided in it. Under this, this facility depends on the type of lease available to the person. Under this, the person has to get it approved again according to the prescribed time limit and following the prescribed procedure, here it has to be renewed.

The lease is issued by the local body as per the parameters and conditions set by the government. The lease depends on different types of rules set by the government. There are many types of leases, the duration of which is as per the rules set by the government.

Registered property

Upon registration, the buyer gets the right to transfer or sell his property. Both sellers and buyers are included in the registry. Along with this, a witness is also required in the registry. Once registered, repairs and maintenance are the responsibility of the buyer. After registration, the buyer becomes the owner of that land forever. No other person has any right on it.

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There are two parties in a rent agreement. In this, the first party is the owner/landlord of the property, who is giving his property on rent. And the second party is the tenant who is the person in possession/living at the rented property till the end of the contract. A rent agreement is also called rent deed and lease deed. It contains basic details of the residential property, property owner, tenant, rental period and amount. The rent agreement is usually in writing.

This is prepared on stamp paper. It is important to make a rent contract as it helps in preventing disputes between the landlord and the tenant. It also insures the safety of the property for the landlord. And also protects the tenants from having to deal with any unwanted demands from the landlord. There are two types of rental contracts in India. There is a lease agreement that lasts for a minimum of 12 months. It is governed under the rent control laws made by the state government. And the second is a lease and license contract for up to 11 months which does not come under the rent control law.

What happens in the rent agreement?

A rent agreement contains the names of the landlord and the tenant and their agents, along with details of the property. The rent agreement contains the rent amount and due date of payment, grace period and late fees. Along with this, the method of payment of rent is also mentioned in it.

The amount of security deposit is also mentioned in it. The details of the utilities provided by the landlord and the fees for these are also written in it. Mentions whether the tenant is entitled to use the facilities on the premises such as swimming pool, security system etc. Along with this, rules like pet rule, noise rule and penalty for violation are also written in the rent agreement. Details about the parking space to be used for parking and procedures for handling repair requests and emergency requests are also mentioned in the rental agreement.

Terms included in the rent agreement

Rent

In return for the property given on rent, the tenant makes monthly payments to the landlord. This is called rent.

Deposit

The required amount of deposit remains in effect until the end of each rental period. After the end of its period, the landlord returns it to the tenant.

Terms of Use

The details of terms and conditions regarding the use of the property are mentioned in the rent agreement.

Utility

How many utilities are there in the premises and how many types of utilities can the tenant use under the rent? Its details are mentioned.

insurance

It is mentioned in the commercial rent agreement. Under this, the tenant has to get the property insured.

Repair and maintenance

Whether the landlord or tenant is responsible for the repair and maintenance of the property is mentioned in the rent agreement.

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If you have purchased any property and after getting it registered in the tehsil, you are sure that the shop, plot or house is now yours, then you are making a mistake. Even after paying the full amount to the seller and getting the registration done, you have not become the full owner of that property.

If you have not done the mutation of property after registration, then you may get into trouble. Many property disputes arise due to not getting mutation done.

Every day there are news that some person has sold a property twice. Or the seller took a loan against the land even after registering the sold property in the name of the buyer. This happens because the buyer of the land has only got the registration done, he has not got the property registered or transferred in his name.

Mutation is also necessary after registration

The Indian Registration Act says that if any kind of property (property news hindi) worth more than Rs 100 is transferred, it will be in writing. Its registration is done in the sub-registrar office. This rule is applicable in the entire country and it is called registry. But, you should understand this very well that mere registration does not make you the full owner of the land, house or shop. After property registry, it is also very important to get mutation done..

Full document of ownership, not registry.

Registry (Property Registry rules) is only a document of transfer of ownership, not of ownership. After getting the registration done, when you get the mutation done on the basis of that registry, then you become the full owner of that property. Therefore, if you ever buy a property, do not rest assured just by getting it registered.

After the registry (Property Registry new rules), only when the filing is rejected, all the rights related to the property come to the property buyer. Filing in Kharij means that your name gets included in the government record of ownership of that property on the basis of registry. Cancellation means that the name of the old owner has been removed from the ownership records.

If you are also going to buy a property (property news hindi), then you should be aware of some basic things and along with this you should be cautious because even a small mistake can cause a big loss to you.

Here we will tell you which documents you should check before purchasing any property and only then purchase the property. Here we will tell you which documents you should check beforehand while purchasing a property.

1. Title Deed

If you buy any property, get information about its title deed beforehand and see its documents. You can get it certified by a lawyer. Mainly, the title deed shows that the property you are going to buy is not stuck in any legal trouble. There is no problem in its transfer, divide etc. You should proceed with the purchase of property only after seeing this title deed.

2. Are the loan papers clear or not?

Before buying a property (property news update), you should check the papers to ensure that there is no loan of any kind on your property. Its owner does not have any debt as a liability on this property. It is very important to check it and without checking it you should think about purchasing the property.

3. Layout Papers

You should be careful about the layout papers of the property and get all the information about its map, whether the open area map is nearby or not. You should be assured beforehand that there will be no property dispute of any kind later.

4. NOC or No Objection Certificate

Before purchasing any property, it is very important to obtain its No Objection Certificate. If you are buying a flat then you should have information about its society and NOC of the tower.

5. Commencement Certificate

This is known as Construction Clearance Certificate and get it before purchasing a flat or under construction property otherwise it may lead to problems later. Here you can know what experts related to buying and selling property have to say about this.

Whenever you go to buy a property, it is very important to keep in mind the following 5 things and these suggestions have been given by experts.

1. Checking ownership of property

Before buying, it is important to research about the ownership of the property. Title deed is one of the most important documents that should be verified before purchasing a house or anything else that helps indicate the actual ownership. It also states the rights and obligations of the owner and the rights of a mortgagee,

if required by the owner to verify that there are no issues with respect to ownership transfer, partition, conversion, mutation, etc. It is also essential to verify that the land on which the property is built has been purchased legally and if it has been constructed in compliance with the permissions provided. It is advisable to have the ownership document reviewed by an attorney. Thankfully, with the help of online legal assistance by proptech firms like No Broker, this service has now become hassle-free.

2. Verification of Encumbrance Certificate: Take help of a legal professional

Property is a tangible asset, and over the years it bears certain taxes by the local municipal corporation. Thus it is necessary to verify that he has no outstanding dues for which a buyer should check the encumbrance certificate.

An encumbrance certificate proves that there is no monetary and legal liability on your property. This can be obtained from the office of the sub-registrar where the property has been registered. This is an important aspect to check as it can go back as far as 30 years.

3. Commencement Certificate

It is also known as construction clearance certificate. This document is mandatory when you are purchasing an under-construction property from a developer. It could be a builder’s flat, land or house. It said that the construction has started only after getting necessary approvals, licenses and permissions from the local authorities.

4. Layout or building plan

Layout plans should be approved by the appropriate planning authorities. Home buyers need to be cautious as there have been cases where developers have deviated from the approved layout by adding extra floors or reducing open areas. This is an important aspect that should be cross-checked before finalizing the property purchase.

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Property often becomes a cause of dispute. Property is a major reason for family disputes. But there are clear laws regarding property, according to which it is decided who is entitled to which property and who is not. Awareness about these rights is important. If you are aware of your rights then no one can deprive you of your rights. And if this happens, you can get your rights back by adopting the path of law.

Question- I have a joint demat account with my wife in which she is the second owner. Suppose I die without writing a will, what steps should we take so that the ownership of shares/mutual fund units is either in my wife’s name or in the joint name of my wife and daughter? Will succession certificate be required to transfer the ownership to my family members?

Answer– In the event of your death, your rights as the first holder will be transferred to the second holder (wife) as both of you were joint holders of the demat account. This will be done by filling T-2 form (Transmission Request Form) and submitting it along with the notarized death certificate of the first holder. After your death, if your daughter wants to transfer shares/mutual funds in her name, she will have to submit a succession certificate.

Question: My wife and I have a joint will. We have three children. A child is not getting anything. The second is getting movable property and the third is getting immovable property. We have put a separate clause in the will that whatever we earn in future will go to the second beneficiary. Would this be legally correct?

Answer– A person can give his remaining or future assets to any beneficiary through a will and it is also legally valid. Through a will, a legal heir can be deprived of the property, whereas in the absence of a will, he will be a part of the property by way of inheritance. If a legitimate heir is deprived of property through a will, he becomes a non-beneficiary. The reason should also be given in the will so that the court can understand why he has been excluded from sharing in the property.

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People have many questions in their minds regarding property. Especially when the property belongs to the father or father-in-law. Who can claim ownership of a property. It is very important to know this. The rules of law are also being updated with time. In such a situation, people have less knowledge about the laws related to property. Property disputes arise due to confusion and incomplete information.

The Security Act gave women the right to live at home with their husbands. This right is in addition to a woman’s right to maintenance and protection from mental and physical violence. Wife’s rights in husband’s property is a big issue. Let us know today what rights the daughter-in-law has in the property of her husband and father-in-law. What are the legal provisions related to this?

What is the legal provision?

The person to whom the woman is married. If he has any property of his own, the rules for this are clear. A person is the owner of a property. Be it land, house, jewelry or anything. Only he has the right on it. He can sell, mortgage or donate his property. All rights in this regard are reserved with him.

Daughter-in-law’s right on mother-in-law’s property

The daughter-in-law has no right on the property of her mother-in-law and father-in-law. Neither during his lifetime nor after his death, the woman can claim the property. On the death of the mother-in-law and father-in-law, the husband gets the right to the property.

However, first the husband and then the mother-in-law and father-in-law died. In such a situation the woman gets the right to property. For this, it is important that the mother-in-law and father-in-law have not transferred the will in anyone else’s name. Not only this, even the son cannot live in his parents’ house without their permission. The son cannot claim to live in their house even with the help of law.

Wife’s property rights on husband’s death

When a person dies without writing a will regarding his property. The law is clear regarding rights over his property. In this situation, the property of the person goes to the mother and widowed wife. However, it is important that the person has not given rights to anyone else in the will.

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People often do not have the legal understanding and knowledge of the rules regarding rights and claims on property. It is very important to have correct information regarding the rules and rights related to property. All the parties involved have their own legal claims. One such aspect is related to the grandson’s rights on the grandfather’s property. In this article, we will tell what rights the grandson has on his grandfather’s property and which property he can legally claim –

No legal right on self acquired property

The grandson does not have legal rights over the grandfather’s self-acquired property. Grandfather can give his self-acquired property to any person he wants.

If the grandfather dies without making a will, then his property will go to his immediate or first priority legal heirs like wife, son and daughter, who will get legal rights over that property. If the grandson’s father is alive then he cannot claim any share in the grandfather’s property.

Rights on ancestral property

The grandson has a legal right on the ancestral property. In case of any dispute regarding this, he can go to the civil court. He is entitled to this property in the same way as his father or grandfather is entitled to the ancestral property inherited from his ancestors.

About ancestral property

The property which is inherited from one’s ancestors is called ancestral property. Like from great grandfather to grandfather, from grandfather to father and then from father to grandson. The rules regarding this property are different from self-acquired property.

It would be better to seek the help of a lawyer

If the grandson has a valid legal claim on the ancestral property, it would be better for him to take the help of a professional lawyer to get the property. With this, you will not only avoid getting trapped in complications related to land or property disputes, you will also be able to avoid the intricacies of the judicial process.

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Justice SM Subramaniam of the Madras High Court said that the parents can unilaterally cancel the agreement letter if it only mentions that it is being given to them out of love and affection. While delivering the judgement, the justice emphasized that the parents have the right to unilaterally cancel the settlement agreement if it is clearly stated that the property is being transferred out of love and affection for their children.

According to Justice SM Subramaniam, when human conduct is indifferent towards senior citizens and their safety and dignity is not protected, the parents can take back their property.

This important legal order was given in the case of cancellation of property settlement deed by Shakira Begum of Tiruppur, Tamil Nadu in favor of her son Mohammed Dayan. Shakira Begum had complained to the sub-registrar that he had issued the settlement letter on the basis of a promise to provide proper maintenance of her son, which he had failed to do.

This matter between mother and son reached the court, after which Madras High Court has issued an order in favor of mother Shakira Begum.

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That’s why whenever you buy a property, the biggest and most important task is to get it registered. But in the process of getting the land registered, another 5 to 7 percent of its cost is spent. That’s why people are always looking for ways to save money on registry.

Suppose you buy a property worth 50 lakh rupees, then you have to spend 2.5 to 3 lakh rupees in its registry. However, there are some ways that you can save a lot of money on registry. Here we are telling you about these methods.

Save on Stamp Duty Expenses It is often seen that the market value of a property is low while the circle rate is high. In this case, you will have to pay more stamp duty at the time of registration. But stamp duty will have to be paid less on the market value. In this case, you can save the expenditure on stamp duty by appealing to the registrar or sub-registrar. It has been provided under the State Stamp Act that if an appeal is made to the registrar to recover the stamp duty on the market value, the sale deed will remain pending for registration. In this way you can save money on stamp duty.

Save money from local stamp act

The income that is generated from land registry etc. goes to the state. Many times the registration fee is reduced by the state government. In such a situation, when a discount is being given in it, you can save a lot of money by getting the registry done at that time. In states like Maharashtra, Punjab and Uttar Pradesh, stamp duty is not levied on gift of property to a blood relative. However, the rules regarding this may be different in other states. Therefore, before the registry, you should know the Stamp Act of your state.

Women buyers can avail exemptions

Stamp duty and registration charges have been waived in many states if a woman is involved in the purchase of the property in joint or single purchase. This includes Haryana, Delhi, Punjab, Rajasthan and Uttar Pradesh. According to the Delhi government, if a land is registered in the name of a man, then 6 percent registration charge has to be paid on it and 4 percent in the name of a woman. With this, you can save up to 1.5 lakh tax in a year on the expenditure incurred on the registration of residential property.

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At the same time, what rights have been given to women in property. There is often a lot of confusion about this. You must be aware that by amending the Hindu Succession Act 2005, daughters were also given equal rights in father’s property. In such a situation, both the son and the daughter have equal rights in the father’s property.

At the same time, do you know that after the death of the husband, how much right does the wife have in his property? If you do not know about this, then today we are going to tell you about it through this news. Let’s know –

The Hindu Succession Act clearly mentions that daughters-in-law are given very little rights in the property of the in-laws. In such a situation, the rights of daughters-in-law on the property of mother-in-law and father-in-law are very less.

The daughter-in-law has no right over the property of the mother-in-law and father-in-law under the Hindu succession law. There the mother-in-law and father-in-law die. In such a situation the husband has the right over her property.

Wherein the husband and after that if the mother-in-law and father-in-law die. In this situation the daughter-in-law gets the right over the property. However, for this it is necessary that the mother-in-law and father-in-law should not have written anyone else’s name on the will of the property.

In the matter of maintenance of a Hindu widow, the Chhattisgarh High Court had given a very important decision while hearing a case. While giving the verdict in this, the court had said that if the Hindu widow is not able to live with her income or property. In such a situation, she can claim her maintenance from her father-in-law.

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It is a pleasure for all to receive an inheritance, unexpected or expected, from their relatives. Which makes you feel that you were so important that someone could leave something for you. But what about when you come to know that you may have tax liability on the inheritance received? Does one have to pay inheritance tax in India? What if you decide to sell the movable or immovable property acquired? Is there any short term or long term capital gains tax involved?

Inheritance tax is levied on any property or assets that are bequeathed by the deceased to his legal heirs. Be it children or grandchildren. The good news is that there is no inheritance tax in India. Although many developed countries still use it. This tax was abolished in 1985, prior to which the Executors of the estate of the deceased had to pay a high ‘Estate Duty’ of up to 85% of the value of the inherited property under the Estate Duty Act, 1953.

Even though properties given to legal heirs may be treated as gifts, since they are received without consideration, no gift tax is levied because the Income Tax Act, 1961, provides for property received by way of inheritance or will. excludes from inheritance. Hence, these are not treated as income and no tax liability will arise on the property received by you as inheritance. It is possible that the asset or property that you get may be capable of generating income. For example, you may inherit a rented house and, as the legal heir, you become the owner of this property. In such a case, the rent will be added to your income and taxed at the applicable rate.

If you receive any bank deposit or property that earns interest, it will be added to your income and taxed. So the income from inherited property or assets will be taxable in your hands. Once you become the owner of the inherited property or asset, you can choose to sell it at a later date. If you do so, any gain or loss from the sale of this asset will go to you. In case of profit, you will have to pay capital gains tax. Whether it is short term or long term capital gain will be determined by the holding period of the asset. For computing the holding period, your cost of acquisition will be considered as on the original date of purchase by the deceased.

For example, if you have inherited a house in 2020 after your father’s demise and you decide to sell it in February 2022, the profit earned by you will be considered as capital gain. If your father bought a house in January 2007 for, say, 50 lakhs, then this purchase price would be treated as cost of acquisition. The holding period will be considered as 15 years as it will include the period for which both you and your father held the property. Since this period is more than 24 months, it will be treated as long term capital gain and you will have to pay tax accordingly. You can take into account inflation to reduce your tax liability while computing capital gains.

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There are clear laws regarding property, according to which it is decided who is entitled to which property and who is not. But despite this many times girls are deprived of their rights. If this happens then you can get your rights back by adopting the path of law.

By amending the Hindu Succession Act, 1956 in the year 2005, daughters have been given the legal right to get equal share in ancestral property. This law was made in 1956 for the provisions of claim and rights on property. According to this, the daughter has as much right on the father’s property as the son. Today we will tell you when daughters can claim on father’s property.

If the son transfers his father’s property in the name of his sons, then  if the father is alive and has transferred his self-acquired property to the grandsons, then the daughters have no claim on it. If the father has died and the property has been transferred through a will, then the daughter can challenge that will in the court on the basis of valid reasons. But if the father died without writing a will, then the daughters have equal rights in the property of the deceased and they can claim it in the court.

When wife cannot write Will for property

Let A be a Hindu man, who died intestate and the gift deed property was his own property. In such a situation, the wife cannot write a will for that property. If he dies intestate, then under the Hindu Succession Act, 1956, all Class I heirs will have an equal share in the property. Class 1 heirs will include wife, children and mother of the deceased.

When the daughter cannot claim the father’s property,

the daughter’s side is weak in the case of self-acquired property. If the father has bought land, built or bought a house with his own money, then he can give this property to whomever he wants. It is the legal right of the father to give self-acquired property to anyone of his own free will. That is, if the father refuses to give the daughter a share in his own property, then the daughter cannot do anything.

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Does the Property Become Tenant After 12 Years: Renting a house as a better source of income is considered good from the very beginning. Due to this, where the income of the family increases, the maintenance of the house is also done easily. But sometimes even a small mistake becomes very heavy and a person has to wash his hands from his house. Today we are going to tell you about some such legal provisions, about which you should know in detail.

The law of adverse possession is dangerous

In fact, the law of ‘Adverse Possession Rules’ is prevalent in India since the British era. Under this law, if a tenant or any other person is in possession of someone else’s property continuously for 12 years, then he can be declared its owner. In such a situation, the original landlord can lose his right over that building forever.

Tenant gets the house after 12 years?

Under this law, if another person has peacefully occupied a property (Property Ownership 12 Years Rule) and it is known to the original landlord as well, but he does not take any legal initiative to get rid of that possession, then after 12 years The tenant can claim to be the real owner of that land. However, for this he also has to fulfill many conditions. Which includes staying in that house for 12 years without any interruption, showing house tax receipt, electricity and water bills in your name. Along with this, affidavits of witnesses are also needed.

Landlords need to be careful

Legal experts say that landlords should be very careful to protect their property (Property Ownership 12 Years Rule) from illegal possession. The first thing is that while giving a house on rent to any person, a rent agreement of 11 months should be made. When that agreement ends, then after giving a gap of one month, an agreement of 11 months should be made again. Doing so would be treated as a break in continuous possession of the property. Another way is that you can also change your tenants from time to time.

You can lose property due to laxity

If you live somewhere far away, then you should visit your property (Property Ownership 12 Years Rule) once in two months to see if any illegal encroachment has been done there. If someone is seen living illegally in your property, then immediately a complaint should be made to the police-administration to get him out. If you are lax in this work, you can wash your hands of your property, which can only be a loss for you.

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The post Property Ownership Rules: New Update! Does the property become the tenant’s after 12 years? Landlord must do this work, otherwise first appeared on Rightsofemployees.com.

Does the Property Become Tenant After 12 Years: Renting a house as a better source of income is considered good from the very beginning. Due to this, where the income of the family increases, the maintenance of the house is also done easily. But sometimes even a small mistake becomes very heavy and a person has to wash his hands from his house. Today we are going to tell you about some such legal provisions, about which you should know in detail.

The law of adverse possession is dangerous

In fact, the law of ‘Adverse Possession Rules’ is prevalent in India since the British era. Under this law, if a tenant or any other person is in possession of someone else’s property continuously for 12 years, then he can be declared its owner. In such a situation, the original landlord can lose his right over that building forever.

Tenant gets the house after 12 years?

Under this law, if another person has peacefully occupied a property (Property Ownership 12 Years Rule) and it is known to the original landlord as well, but he does not take any legal initiative to get rid of that possession, then after 12 years The tenant can claim to be the real owner of that land. However, for this he also has to fulfill many conditions. Which includes staying in that house for 12 years without any interruption, showing house tax receipt, electricity and water bills in your name. Along with this, affidavits of witnesses are also needed.

Landlords need to be careful

Legal experts say that landlords should be very careful to protect their property (Property Ownership 12 Years Rule) from illegal possession. The first thing is that while giving a house on rent to any person, a rent agreement of 11 months should be made. When that agreement ends, then after giving a gap of one month, an agreement of 11 months should be made again. Doing so would be treated as a break in continuous possession of the property. Another way is that you can also change your tenants from time to time.

You can lose property due to laxity

If you live somewhere far away, then you should visit your property (Property Ownership 12 Years Rule) once in two months to see if any illegal encroachment has been done there. If someone is seen living illegally in your property, then immediately a complaint should be made to the police-administration to get him out. If you are lax in this work, you can wash your hands of your property, which can only be a loss for you.

The post Property Ownership Rules: Does the property become the tenant’s after 12 years? Landlord must do this work, otherwise first appeared on Rightsofemployees.com.

Today we will tell you what things the customers should keep in mind while buying a flat, floor, house or land. Before making any deal, it is necessary to get information about many things. Otherwise you may get cheated. By the way, the things that you should look for while buying a new property include location, various documents, details of the seller, any kind of dispute on the property, etc. You can take legal advice for this work.

As far as document verification is concerned, you have to pay special attention to them. Which documents are required to be checked. In whatever project you are buying a flat or house, it should be registered in RERA. This is a law of Real Estate, which is passed by the Indian Parliament. Its purpose is to protect the interests of the general public in the real estate sector and to protect them from fraud.

If you are going to buy a property, then it is very important to investigate it thoroughly. It is also necessary to investigate the ownership rights and papers of the property. Today we will tell you what things the customers should keep in mind while buying a flat, floor, house or land. Before making any deal, it is necessary to get information about many things. Otherwise you may get cheated. By the way, the things that you should look for while buying a new property include location, various documents, details of the seller, any kind of dispute on the property, etc. You can take legal advice for this work.

As far as document verification is concerned, you have to pay special attention to them. Which documents are required to be checked. In whatever project you are buying a flat or house, it should be registered in RERA. This is a law of Real Estate, which is passed by the Indian Parliament. Its purpose is to protect the interests of the general public in the real estate sector and to protect them from fraud.

1. It is very important to verify the title and ownership of the seller before buying the property.

2. Channel Document: It is very important to check the channel document as well. Channel document means X sold to Y, Y sold to Z. During this, whatever deal is made, everyone’s opinion is formed in it. That is, who got it from where, all these should be cited.

3. Encumbrance Certificate: This certificate tells you that there is no mortgage, bank loan or any tax due on the property you are buying. Apart from this, there is no penalty, its information is available. Apart from this, you can collect information by filling Form No. 22 by visiting the Registrar’s office.

4. Occupancy Certificate: Occupancy certificate is an important document which must be obtained from the builder. If he does not give it, then the buyers have the right to take legal action against the developer.

5. Possession letter: The developer issues a possession letter in favor of the buyer, which mentions the date of possession of the property. It is necessary to present the original copy of this document for availing the home loan. Unless the OC is obtained, the possession letter alone cannot be considered as sufficient to take possession of the property.

6. Mortgage: Mortgage or pledge is a type of loan that is used by the borrower to purchase or maintain a house or other forms of real estate. Also agrees to pay it over time. The property acts as collateral to secure the loan.

7. Check Tax Payment Status: Non-payment of property tax leads to levy on the property, which affects its market value. Therefore, the buyer should visit the local municipal authority to check whether the seller has made any default in property tax.

The post Property Papers: Check these 12 documents before buying a property, you won’t regret later first appeared on Rightsofemployees.com.