Posts

Showing posts from September, 2021

How do NRI's manage their properties in India?

  Before I advise how to manage the property in India, let me tell that how you should not manage the property Never ever sub-lease your property. Never ever associate with a property management company or property manager who charge you recurring fee (Ex: month service fee, monthly commission, or recurring brokerage) Trust me, most property management companies in India use your property to increase company profit and are least bothered to pay your due returns. Most property management companies don’t even bother to think about your emotional attachment towards your property. For Example : Under market value:  Sub-leasing companies undervalue your property with you. They pay less rent and security deposit than the actual market value. But they quote exceptionally more rent to tenants. Lack of information:  Most sub-leasing company doesn’t share the true information of your property condition like tenant name, tenant profession, rent, security deposit drawn from tenant, how many people

What is the procedure for Indian Power Of Attorney in California?

Image
  The procedure is simple, please follow the below steps Step 1:  Prepare a Power of attorney draft in word format. Step 2:  Print the draft on normal A4 size paper. Attach your passport size photo at last page Step 3:  Meet notary public near you in California. Sign the POA in front of notary, sign at all pages of POA. Notary seal and signs the POA Step 4:  Send the notarized POA to your attorney holder in India through reputed shipping partner (DHL or FedEx) Step 5:  In India, POA should be adjudicated in district registrar office. This completes the procedure Below is the image of one POA, which we executed in USA to buy a property in India. By using this notarized POA, we purchased a property in India. We provide end-to-end assistance to execute POA. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91-9742 479020. Thank you for reading…

What is a notarized affidavit?

Image
  ID proof is required for every individual, especially for government and legal matters. To get ID proof, also one needs to submit another ID proof. For example: If you apply for a driving license, you have to submit your Aadhaar. But if someone don’t have valid ID proof, then the Affidavit for ID is the one and only option to substitute valid ID proof The Affidavit for ID proof is also called Identity Affidavit or Notarized Affidavit. Below is the step by step procedure to prepare a notarized affidavit Step 1:  Prepare a draft in word format. A draft looks like the below image Step 2:  Buy Rs. 100 non-judicial e-stamp paper from co-operative bank, court, sub-registrar office, or independent stamp vendor near you. Step 3:  Print the draft on non-judicial e-stamp paper and use normal A4 size paper for consecutive pages print. Step 4:  Carry the printed affidavit and supporting document to notary public near you In my case, we carried printed affidavit and Aadhar to notary public near u

Can I buy a property in Banglore and register in Kerala?

  No Stamping and registration is a state matter, one cannot buy a property in Bangalore and register in Kerala.  Stamp duty and registration costs are paid to the same state where the property is located. In your case, if you buy a property in Bangalore, you have to register a property within the District jurisdiction of the property located. (Register within Bangalore) Consider issuing POWER OF ATTORNEY if you have geographical, time, or health constraints to travel to Bangalore and register the property Power of Attorney (POA) can be registered in Kerala and send the POA to your attorney holder in Bangalore, you attorney holder can register the property in Bangalore without your presence.  We provide end-to-end assistance to execute POA. To opt for our service, please write to us pgnproperties@gmail.com or WhatsApp to +91-97424 79020. Thank you for reading…

How can I do an agreement with my house broker?

Image
  Below is the step by step procedure to do an agreement with your house broker Step 1:  Prepare a draft agreement in word format. A draft looks like the below image Step 2:  Buy Rs. 200 non-judicial e-stamp paper from co-operative bank, court, sub-registrar, or independent stamp vendor near you. Step 3:  Print the draft on non-judicial e-stamp paper and use normal A4 size paper for consecutive page print Step 4:  Property owner and broker signs all pages of an agreement Step 5:  Meet the notary public near you and get the agreement notarized. This completes the procedure In Karnataka, we provide agreement service. Our service includes drafting + execution + notary + home delivery in 2 working days. Same-day express delivery is available. To opt for our service, please write to us pgnproperties@gmail.com or whatsapp to +91-97424 79020. Thank you for reading…

Where in India can I get a notary certification?

Notary certification is issued by notary public in India Notary public is available in court premise and sub-registrar office near you in India. It just takes few minutes to get notary certification done. We provide mobile notary service in India. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91-97424 79020. Thank you for reading…

When should the payment of a resale flat be done, before or after registration?

  Either before or after, but payment mode should be Banker's cheque or DD. Avoid cash and individual cheque. If buyer opts for home loan, bank representatives present in sub-registrar office at the time of sale deed registration. Bank representative handover the Cheque or DD as soon as registered sale deed handover to bank’s representative. (It means payment is made after registration. ) If self-finance, payment made immediately either before or after sale deed registration. prefer DD and avoid cheque. It's important to mention DD number in sale deed so that you can establish the evidence in court if any unrecovered dues or failed to deliver the possession. In general, the payment terms for resale property is as follows Token payment: which could be Rs. 10K -50K 5%-20% of consideration value at the time of sale agreement signing (For example buying price is Rs. 50 lakh, the payment could be Rs. 2.5 - 10 Lakh) Before scheduling the sale deed registration, buyer should show Bank

How can I get an income affidavit?

Image
  Below is the step by step procedure to get an income affidavit Step 1:  Prepare a draft in word format. A draft looks like the below image. Step 2:  Buy Rs.20 non-judicial e-stamp paper from court, registrar, cooperative bank, or independent stamp vendor near you. Step 3:  Print the draft on non-judicial e-stamp paper, use normal A4 size paper for consecutive pages. Step 4:  Carry the printed Affidavit and identification proof to notary near you. Step 5:  Notary reads the Affidavit and cross-verify the proof. Step 6:  You should sign the affidavit in front of notary Step 7:  Notary seal and sign the Affidavit. Notary makes an entry in Notary book. This completes the procedure to get an income affidavit. Below is the cost structure: Stamp paper Rs. 30 including Rs. 10 vendor processing fee Notary Rs.50 (approx) Paper and printing charges Rs. 10 (approx) Total cost Rs. 90/- We provide the service to obtain income Affidavit, our service includes drafting + execution + notary + home deli

When making a foreign POA for use in India if it is being attested at the local Indian Consulate then must it also be Notarised by a Notary Public?

Image
  No Either attestation from Indian consulate or notary suffice. Both, attestation from Indian consulate and notary are not mandatory but it serves the purpose. Below are the real examples that we succeeded POA with the following options Option 1:  Attestation from Indian consulate Option 2:  Attestation from Notary Option 3:  Attestation from both Indian consulate and notary Below is the POA which we attested from consulate Singapore. We used this POA for selling a property in India.  (Option 1) Below is the POA, we only notarize in USA (no consulate attestation). We used this POA for buying a property in India.  (Option 2) Below is the POA, we attested from consulate + notary in Australia. We used this POA for selling a property in India.  (Option 3) Prefer either Indian consulate or notary. Opting for both is not time and cost-efficient. We provide end-to-end assistance to execute POA. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91-97424 79020.