Aagney Verma
Questions Asked
Purchase & Sales
#construction#buying#flat#certificate#property
How do I verify that the construction of a building is as per the approved plan? I am considering buying a flat in a building where the original plan had one unit per floor, which is also reflected in the completion certificate. But in reality it has two units per floor. Should I risk buying a property in such a building?
How do I verify that the construction of a building is as per the approved plan? I am considering buying a flat in a building where the original plan had one unit per floor, which is also reflected in the completion certificate. But in reality it has two units per floor. Should I risk buying a property in such a building?
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Answered on November 08, 2017
One should buy a flat/unit which is reflecting in the plans, approved by the authority.
Aahwaana Ramesh
40 Answered
Answered on November 08, 2017
RERA must grant/reject an application within 30 days of submission of all required documents
Architecture & Interiors
#kitchen#cabinets#design#wood
Should i match wood flooring, kitchen cabinets and ceramics in an open concept design?
Should i match wood flooring, kitchen cabinets and ceramics in an open concept design?
This question has not been answered
Legal
#capital#property
What is the approximate slab of capital gains tax out of the profit earned from the sale of the property?
What is the approximate slab of capital gains tax out of the profit earned from the sale of the property?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
There are two tax slabs, short term gains and long term gains i.e. 20% and 10% respectively.
Legal
#flat#registered#month#property
My father and I purchased a flat in the year 2009. The same year I got married. The flat was registered on me, my mom and my ex-wife's name. My marriage landed into trouble after two years as my ex-wife registered a case of DVC & 498A. The DVC judgement said that I need to give my ex-wife Rs.11,000 per month. Please let me know how to remove her name from our property.
My father and I purchased a flat in the year 2009. The same year I got married. The flat was registered on me, my mom and my ex-wife's name. My marriage landed into trouble after two years as my ex-wife registered a case of DVC & 498A. The DVC judgement said that I need to give my ex-wife Rs.11,000 per month. Please let me know how to remove her name from our property.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can file a suit in a civil court claiming ownershiop of the flat to the exclusion of your wife and seek appropriate declarations in that regard.
Legal
#citizen#deceased#sell#bring#money
I am a Canadian citizen and my deceased father had bought some properties in India about 25 years ago. I wanted to if I can sell off those properties and bring the money to Canada; if I can, then how much tax will I have to pay?
I am a Canadian citizen and my deceased father had bought some properties in India about 25 years ago. I wanted to if I can sell off those properties and bring the money to Canada; if I can, then how much tax will I have to pay?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The repatriation of funds realised from sale of property in India to Canada would depend on the relevant provisions relating to regulation of foreign exchange and would also require permission from the Reserve Bank of India.
Legal
#protect#property#flat#compensation
I have remarried and wish to protect my current wife and child from property issues. I had a flat in the name of my parents which I gave as compensation to my ex wife and her children. What should I do to protect my current wife and child?
I have remarried and wish to protect my current wife and child from property issues. I had a flat in the name of my parents which I gave as compensation to my ex wife and her children. What should I do to protect my current wife and child?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You could leave a will bequathing all your other assets to your current wife and children or you could gift it to them during your lifetime itself.
Legal
#transferred#havent#registered
Are there any repercussions if a sale deed is not transferred into an absolute sale deed? I have a house site that I had purchased 20 years back and I still haven't registered it as an absolute sale deed, could this be a problem?
Are there any repercussions if a sale deed is not transferred into an absolute sale deed? I have a house site that I had purchased 20 years back and I still haven't registered it as an absolute sale deed, could this be a problem?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Any document to an immoveable property, has to be by way of a registered document only. The same however does not per-se take away title to the property, but the same does make the title of the owner defective if his sale deed is unregistered.
Legal
#land#builder#residential#property#2bhk
I own a piece of land in Thane jointly with my three brothers. Now we have approached a builder to build a residential property on that land. We have received two offers from the builder. One, he will pay us 40-60 lakhs and 4 2BHK flats. Two he will give us a lumpsum amount of 2.5 crores. Will the proceeds from this development be taxable, and if so what will be the tax rate in each scenario?
I own a piece of land in Thane jointly with my three brothers. Now we have approached a builder to build a residential property on that land. We have received two offers from the builder. One, he will pay us 40-60 lakhs and 4 2BHK flats. Two he will give us a lumpsum amount of 2.5 crores. Will the proceeds from this development be taxable, and if so what will be the tax rate in each scenario?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Capital gains will be applicable on the transaction and the same could be Short Term Gains or Long Term Gains depending on how long you have held the property.
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