The word encumbrance means, ‘a claim on property or assets’ or ‘a mortgage’. Encumbrance certificate in Bangalore is a document issued by the sub-registrar's office which reflects these encumbrances on a particular property in a chronological order. The encumbrance certificate is a mandatory document used in property transactions as an evidence of free title/absolute ownership. Continue reading
Monthly Archives: May 2017
Stamp Duty, Registration charges for Flats, Land and Property in Bangalore
Stamp duty and Registration costs are associated with the purchase of a flat. Stamp duty and Registration charges vary from state to state. These are payable under Section 3 of the Indian Stamp Act, 1899. The government collects these Charges to validate sale agreements as well as to keep a record of it. Continue reading