THE RENTAL INCOME FROM THE INVESTMENT IN PROPERTIES (BUILDINGS-CONSTRUCTED) IN BANGALORE IS AS UNDER: RESIDENTIAL: 2% TO 6% ANNUAL RETURNS. COMMERCIAL:1% TO 10% ANNUAL RETURNS. INDUSTRIAL: 1%…… Read more “RENTAL INCOME ON PROPERTY INVESTMENT”
Tag: property
REAL ESTATE REGULATION – A REALITY
THE CABINET ON TUESDAY CLEARED THE MOST SOUGHT AFTER REAL ESTATE(REGULATION AND DEVELOPMENT) BILL 2013, SEEK TO SET UP THE REGULATOR IN EVERY STATE TO PROTECT THE…… Read more “REAL ESTATE REGULATION – A REALITY”
REGISTRATION EXPENSES MAY GO UP SOON FOR PROPERTIES IN KARNATAKA
THE STATE GOVERNMENT MAY REVISE THE GUIDELINE VALUES OF THE PROPERTIES AND MIGHT INCREASE THE STAMP DUTY ON THE REGISTRATION OF PROPERTIES IN KARNATAKA, VERY SOON.
The all new – The land Acquisition, Rehabilitation and Resettlement Bill 2011
The Land Acquisition, Rehabilitation and Resettlement Bill 2011, seeks to strengthen the rights of landowners during acquisition of land for development and ensure proper rehabilitation and compensation…… Read more “The all new – The land Acquisition, Rehabilitation and Resettlement Bill 2011”
WHY SCRUTINY AND EXAMINATION OF PROPERTY DOCUMENTS AND VERIFICATION OF THE TITLES REQURIED?
It is advised to conduct a thorough scrutiny/examination of the property documents, licenses, approvals, katha and related clearances from an expert advocate, before entering into an agreement…… Read more “WHY SCRUTINY AND EXAMINATION OF PROPERTY DOCUMENTS AND VERIFICATION OF THE TITLES REQURIED?”
BUDGET – INTEREST BENEFIT FOR LOWER CATEGORY – TDS FOR HIGHER VALUE HOMES – SERVICE TAX ABATEMENT AT 70% FOR HIGH END APARTMENTS
First Home Buyer will get an additional benefit on Interest limit: There is an additional deduction available on interest repaid on a loan for a first time…… Read more “BUDGET – INTEREST BENEFIT FOR LOWER CATEGORY – TDS FOR HIGHER VALUE HOMES – SERVICE TAX ABATEMENT AT 70% FOR HIGH END APARTMENTS”
URBAN PROPERTY OWNERSHIP RECORD – PROPERTY ID IN BANGALORE
THE NOVEL SCHEME INITIATED BY THE REVENUE DEPARTMENT TO PROVIDE IDENTIFICATION RECORDS HAS SOME NOVEL PROCEDURES. 1). THE DEPARTMENT WILL ISSUE NOTICE TO THE PROPERTY OWNER TO…… Read more “URBAN PROPERTY OWNERSHIP RECORD – PROPERTY ID IN BANGALORE”
URBAN OWNERSHIP PROPERTY RECORDS- A NOVEL SCHEME BY REVENUE DEPARTMENT
THE GOVERNMENT OF KARNATAKA WILL BE SOON LAUNCHING A SCHEME THROUGH A SINGLE WINDOW FORMAT AND UPGRADE THE PROPERTY RECORDS IN URBAN AREAS, WHICH WILL FACILITIATE THE BUYERS, BANKERS AND…… Read more “URBAN OWNERSHIP PROPERTY RECORDS- A NOVEL SCHEME BY REVENUE DEPARTMENT”
UNTOLD HORRORS OF XXX & XXXXXXXX (XXXXXX CONSTRUCTIONS) -THE BOMBER COMMAND !!!
THE GREATEST DEVELOPERS AND BUILDERS WILL NOT PROVIDE THE DOCUMENTS FOR BUYERS AS THEY CONTAIN ATOM BOMBS !!!!!!!!!!!!!! YES. IT IS TRUE. THEY HAVE BOMBED THE HOPES…… Read more “UNTOLD HORRORS OF XXX & XXXXXXXX (XXXXXX CONSTRUCTIONS) -THE BOMBER COMMAND !!!”
WATCH OUT- BEFORE PAYING THE ADVANCE TOWARDS THE PURCHASE OF PROPERTIES
WATCH OUT!!! BUYING A PROPERTY? THE PROPERTY HAS BEEN SELECTED/CHOSEN!!!! NOW THE NEGOTIATION REGARDING THE PRICE BEGINS!!!!!!! BOTH BUYER AND SELLER MUTUALLY AGREE FOR THE SALE PRICE…… Read more “WATCH OUT- BEFORE PAYING THE ADVANCE TOWARDS THE PURCHASE OF PROPERTIES”
Service tax on construction services-A clarification from the department
Circular No. 151/2/2012-ST F.No.332/13 /2011-TRU New Delhi, 10th February, 2012 Subject: Service tax on construction services — regarding. Many issues have been referred by the field formations, in…… Read more “Service tax on construction services-A clarification from the department”
HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY
RBI HAS DIRECTED ALL THE BANKS NOT TO OVER VALUE THE PROPERTIES WHICH INCLUDES STAMP DUTY, REGISTRATION FEE, SERVICE TAX, VAT AND OTHER ADDITIONS, WHILE PROCESSING THE…… Read more “HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY”
REVENUE RECORDS IN AGRICULTURE LANDS AND REVENUE SITES – RTC AND MUTATION
What is RTC or pahani ? RTC – Right, Title and Crop details are recorded in the revenue records of the Government and is a very important…… Read more “REVENUE RECORDS IN AGRICULTURE LANDS AND REVENUE SITES – RTC AND MUTATION”
REGISTRATION OF PROPERTIES MADE EASY AND HASSLE FREE
THE CHIEF MINISTER MR.D.V.SADANANDA GOWDA INAUGURATED A NEW CONCEPT AND HASSLE FREE REGISTRATION PROCESS IN THE STATE OF KARNATAKA FROM 04-11-2011. PROPERTY BUYERS CAN REGISTER THEIR PROPERTIES IN ANY…… Read more “REGISTRATION OF PROPERTIES MADE EASY AND HASSLE FREE”
The daughter of a coparcener becomes a coparcener BY BIRTH in her own rights and liabilities in the same manner as the son. She will have rights over the ancestral property in the same manner as the son,(subject to the following conditions) if the property had not been partitioned through a registered partition deed or dispossessed due to alienation or by a decree of court or dispossessed through a testament before 20-12-2004.
SC JUDGEMENT ON HSA-12-10-2011 14. The new Section 6 provides for parity of rights in the coparcenary property among male and female members of a joint Hindu…… Read more “The daughter of a coparcener becomes a coparcener BY BIRTH in her own rights and liabilities in the same manner as the son. She will have rights over the ancestral property in the same manner as the son,(subject to the following conditions) if the property had not been partitioned through a registered partition deed or dispossessed due to alienation or by a decree of court or dispossessed through a testament before 20-12-2004.”
GENERAL POWER OF ATTORNEY – PROPERTY DEALING – SUPREME COURT OBSERVATION – TAKE UTMOST CARE!
The Supreme Court observation on the sale of properties on General Power of Attorney: The SC has clarified that it was only stating the well-settled legal position in…… Read more “GENERAL POWER OF ATTORNEY – PROPERTY DEALING – SUPREME COURT OBSERVATION – TAKE UTMOST CARE!”
SAFEGUARD YOUR PROPERTY FROM ENCROACHES AND FRAUDSTERS
THERE ARE MORE CASES REPORTED REGARDING ILLEGAL OCCUPATION, ENCROACHMENT AND POSSESSION OF ALL AND EVERY TYPE OF PROPERTIES IN AND AROUND BANGALORE. THE PROPERTY OWNERS ARE ADVISED…… Read more “SAFEGUARD YOUR PROPERTY FROM ENCROACHES AND FRAUDSTERS”
SALE AGREEMENTS
ONE SIDED AGREEMENTS-UNFAIR AGREEMENTS-BIASED AGREEMENTS, ILLEGAL AGREEMENTS, UNFAIR CLAUSES – BY DEVELOPERS AND BUILDERS IS YOUR BUILDER/DEVELOPER/MARKETING AGENCY COMPELLING YOU TO SIGN OR ENTER INTO SALE AGREEMENTS…… Read more “SALE AGREEMENTS”
REGULARISATION OF REVENUE SITES IN BBMP LIMITS – AN OPPORTUNITY FOR INVESTORS – MARKET WILL FINETUNE THE PRICES
THE AKRAMA -SAKRMA SCHEME AND THE PROPOSED REGULARISATION OF REVENUE SITES BY THE BBMP WILL THROW IN LARGE NUMBER OF PROPERTIES FOR SALE AND THE MARKET MIGHT…… Read more “REGULARISATION OF REVENUE SITES IN BBMP LIMITS – AN OPPORTUNITY FOR INVESTORS – MARKET WILL FINETUNE THE PRICES”
MISCONCEPTION ABOUT THE MARKET PRICE AND GUIDANCE VALUE
THE SELLERS ARE IN GREAT MOOD HOPING THAT THE PRICES OF THE PROPERTIES HAVE GONE UP WITH THE REVISION OF GUIDANCE VALUE. THIS IS A MISCONCEPTION. IN…… Read more “MISCONCEPTION ABOUT THE MARKET PRICE AND GUIDANCE VALUE”
