Property Investment Assistance in India
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FAQ's
- What are the costs involved?
You'd have to pay stamp duty and registration fees both of which are based on the value of your property. Costs vary greatly from state to state with some states even taking into account the applicant's gender.
- How is the stamp duty calculated?
Stamp duty is calculated as a percentage of the transaction amount. In Delhi for example stamp duty is collected at 4% of property value for women and 6% for men.
- Do I need to come in person for registering property?
For the property registration your physical presence is required. Additionally you'll need two witnesses. How many days will it take for registering the property documents? The property will be registered on the same day but it may take up to a week to get all of the paperwork in order. In which place is the registration process carried out? The registration takes place at the office of the Registrar or Sub-Registrar.
- What are the costs involved?
You'd have to pay stamp duty and registration fees both of which are based on the value of your property. Costs vary greatly from state to state with some states even taking into account the applicant's gender.
- How is the stamp duty calculated?
Stamp duty is calculated as a percentage of the transaction amount. In Delhi for example stamp duty is collected at 4% of property value for women and 6% for men.
- Do I need to come in person for registering property?
For the property registration your physical presence is required. Additionally you'll need two witnesses. How many days will it take for registering the property documents? The property will be registered on the same day but it may take up to a week to get all of the paperwork in order. In which place is the registration process carried out? The registration takes place at the office of the Registrar or Sub-Registrar.
- What is the format of a will?
There is no standard format for a will. It must be properly signed and attested in order to be effective. The testator must initial at the end of each page and next to any corrections and alterations.
- What is meant by a will registration?
The registration of a document proves that the proper parties came before the registering officials and that the latter attested to the document after verifying their identities. Wills are not required to be registered in India even if they pertain to immovable property. The failure to register a will does not cast doubt on its authenticity.
- What is the stamp duty on a will?
There is no stamp duty to pay when executing a will or a codicil. As a result a will does not have to be written on stamp paper.