Property Transfer in India: Step-by-Step Process

by Godrej Properties Limited

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Frequently Asked Questions

Can I complete the property transfer process without a lawyer?

Ans. While it is possible to navigate the process without a lawyer, it is advisable to engage a legal professional to ensure compliance with the legal requirements and protect your interests. 

How is stamp duty calculated, and what are the consequences of non-payment or underpayment?

Ans. Each state in India has its own stamp duty rates, which may vary depending on factors such as the property type, location, and gender of the buyer or seller. 

What documents are required for property ownership transfer in India?

Ans. The main documents required are - the original sale deed, property registration papers, latest tax receipts, approved building plans, No Objection Certificates, and ID proofs of the seller and buyer.

What is stamp duty and how is it calculated during property transfer?

Ans. Stamp duty is a tax paid when transferring a property. It is usually 4-7% of the property's market value or sale value, whichever is higher. The exact stamp duty rate differs in each state.

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