Understanding the Transfer of Properties in India: A Comprehensive Guide

Ans. Transferring a property with pending loans or liabilities is possible, but it requires careful consideration and coordination with the lender.

Ans. Yes, property transfers can be done without physical presence through the use of a power of attorney (POA) or by utilising digital platforms. 

Ans. There are various types of transfer of property in India, which includes sales deed, gift deed, inheritance, partition deed, and lease. 

Ans. Property transfer in India requires drafting a valid deed, which can be sales, gift, inheritance or partition, payment of stamp duty and registration fees, and registering the deed with the local authority office. Once this step is complete, a proper title verification is done. Other important legal formalities include taking an NOC and encumbrance certificate.

Ans. The taxes and fees associated with the transfer of property are stamp duty, registration fees, TDS, capital gain tax, and legal fees.