Stamp duty, Cess and Registration charges are associated with the purchase of a property in Pune. Stamp duty and Registration charges vary from state to state. These are payable under Section 3 of the Indian Stamp Act, 1899. Government collects these Charges to validate sale agreements as well as to keep a record of it. A sale deed on which stamp duty is paid, is a proper and legal document. It can be produced as an evidence in courts. The buyer has to bear the cost of stamp duty, Cess as well as registration cost, both of which are fixed... Continue reading
Zippserv Blog
Enriching you with the right information to enable safe real-estate investments
Buying a resale property? How a sale Agreement can safeguard your interests?
Home buying is a very crucial decision that involves considering a lot of factors – location, sq. feet, price, amenities etc. etc. It is also a decision on which a buyer consults multiple people - family and friends. Generally, buyers have a tendency to purchase flats in under-construction projects. Reasons are – better price, choice of apartments, no immediate financial burden etc. However, in under-construction projects, there is a risk of the project not being completed on time and hence, the buyer goes through a lot of anxiety (And sometimes loses money). Also, post-GST implementation, apartments in an under... Continue reading
And you thought bank legal verification was enough when buying a house in Pune?
After several months of roaming the city, visiting multiple building sites, talking to multiple friends/ family members, checking multiple reviews, you finally zero in on that one dream home (yes, you might need to pay a little more than what you had initially budgeted, but that’s ok – after all, it is a once in a lifetime investment!) Once you have selected your home, you also start the process of the home-loan. Luckily, the project is ‘pre-approved’ by some banks and financial institutions. The builder, in fact, tells you to go to the bank that has pre-approved the loan... Continue reading
6 simplified steps to follow while buying a resale property!
Congrats on deciding that you would now like to buy a resale property. We saw in a previous blog, as to how buying a resale home in Pune is a great idea. Obvious advantages like GST, more certainty etc. are also there. Now, let us look at the few things you need to take care of when going through the process of buying the resale property (we touched upon this briefly in our last blog) : Property Verification Property verification is simple as a concept but is a fairly detailed process. As the buyer, you would want to... Continue reading
Buying property in Pune? Here’s what you need to do before you buy!
People buy property for various reasons – one is the age old ‘ I need a roof over my head and it should not be a rented one’, another reason is an investment for appreciation a third can be to create a source of regular rental income. Whatever be the reason for purchase, there is one thread that runs common – property buying is a complicated process that involves a lot of uncertainty. Also, it is a time-consuming process and is investment heavy! Given all this, it is really surprising that people buy property without bothering to verify details. Typical... Continue reading
Buying a home in Pune? Have you thought about resale property?
Buying a new home is never easy – especially if you are buying for yourself to stay. There are so many factors you need to consider; price, location, EMI burden, locality, facilities, proximity to schools, distance from office etc. It is especially difficult to predict how an area will develop in the near future. Developers would always want us to believe that every area has a lot of potentials, that a dozen new tech parks and half a dozen schools will be in the vicinity and that buying the home in the project they recommend will have an unlimited upside! ... Continue reading