PGN Property Management in Bangalore

  Below are the few important clauses to check in a sale agreement Title: Generally, property sale agreements are executed under the following titles Agreement of sale Agreement for sale Agreement to Sell Sale cum construction Agreement: Choose the right title for your agreement Date & place: The 1st line of agreement must have date and place of the agreement execution. Parties (Seller & Buyer) Seller’s name, age, address, and pan number Buyer’s name, age, address, and pan number Property schedule Property schedule is the description of the property. Generally, a property schedule has three sub-schedule. They are schedule A, Schedule B, and Schedule C Schedule A: Land conversion details (from agricultural to residential). Land survey number and measurement of the land where this apartment is built Schedule B: Area of undivided land share Schedule C: Super buildup, build up, and carpet area of your flat Mother deed: Details of how seller acquired the property. Details includ...

Family Tree certificate from Tahsildar is mandatory to claim movable and immovable assets of deceased person. Assets like bank balance, property transfer, government benefits like pension, provident fund, insurance and organ donation. Following documents are required to obtain Family tree certificate in Karnataka Family Members Identification proof (Preferably Aadhaar) Address proof (Tax paid receipt or rental agreement) Death certificate (if person deceased) Family tree Affidavit (notarized) Applicant passport size photo Application form (shared the image below) An Affidavit looks like the below image, File the application in nadakacheri office or nadakacheri website. An application looks like the below image. The application contains the details of applicant name, age, address, family members name, age, and relationship details. (ID proofs should establish the relationship). Death certificate of deceased person should be submitted Address proof should be submitted, preferably tax pai...

  Many people confuse CMC property tax with BBMP property tax payment. CMC property tax payment is different from BBMP property tax payment. We should pay CMC property tax in CMC office and not in BBMP office or BBMP website. Below is the step-by-step procedure to pay CMC property tax in Bangalore. Step 1:  We should have previous tax-paid receipt, receipt contains the details of property size and khata number Below is the image of previous tax-paid receipt, which we paid in 2019. Below image is another page of previous tax-paid receipt, we encircled the khata number and property size. Step 2:  Visit CMC office (in the jurisdiction where the property is located) Step 3:  Show your previous tax-paid receipt on tax counter. Officer provides tax challan. Callan looks like below image Step 4:  Visit the nearest Karur Vysya Bank, show the challan at cash counter and pay the property tax. Bank acknowledges the payment with seal in challan. Refer to the below image Ste...

  REGISTER THE “REVOCATION OF POWER OF ATTORNEY” Generally, Power of attorney (POA) is executed in two types, they are Local power of attorney (it means that POA executed and registered within India) Foreign power of attorney (It means that POA executed & attested in foreign country) Let me explain the revocation procedure for both types of POA. Below is the procedure to revoke local POA: Step 1:  Prepare the revocation draft in word format. The draft looks like the below image. Step 2:  Print the draft on document paper Step 3:  Pay the government charges through K2 challan. Below are the government charges Stamp duty: Rs. 200 Registration fee: Rs.200 Scanning fee: Rs. 30 per page (The above-mentioned rate and mode of payment are applies for Karnataka. Payment of stamp duty is state matter, the amount of stamp duty and payment method varies among states in India. ) K2 challan looks like the below image, Step 4:  Carry the following documents to sub-registra...