PGN Property Management in Bangalore

  No Objection Certificate, popularly abbreviated as NOC, is a type of legal certificate issued by any agency, organization, institute, or individual to say that they have no objection to the mentioned details in the certificate. Four steps procedure to get a “No objection certificate” Drafting Stamp paper Printing Notary Let me explain the procedure in detail below Drafting: Prepare the NOC draft in word format, a draft looks like the below image. 2. Stamp Paper: Buy Rs. 100 non-judicial E-stamp paper from co-operative bank, court or sub-registrar office near you. Following are the details required to buy a non-judicial e-stamp paper Applicant Name: Your name Description of Document: Affidavit First party name: your name Second-party name : Not applicable Purchased by: Your name Stamp duty: Rs. 100 Contact No: Your contact number (though it will not shown on stamp paper) The fee for e-stamp paper is Rs. 100 (stamp duty) Vendor processing fee Rs. 10 The total cost is Rs. 110. 3. Pr...

 No If a buyer is purchasing a property using home loan, the bank representative handover the full and final settlement on registering property in sub-registrar office. Bank representative hand over the final settlement in mode of DD or cheque in sub-registrar office. You don’t have to wait for 2 days to receive the payment from bank. Below are the systematic steps to be followed if buyer is opting for home loan. Step 1:  Seller and buyer sign the sale agreement. At the time of sale agreement signing, seller receives advance payment in the mode of cheque, DD or online account transfer from buyer. The advance payment could be up to 20% of selling price Step 2:  Buyer frank the sale agreement and file the home loan application. Step 3:  Bank approves the loan in around 30 working days. Bank writes the final settlement cheque. Bank’s representative informs buyer that cheque is ready. Buyer informs seller that final settlement cheque from bank is re...

  Five steps to cancel the power of attorney in Karnataka, Drafting Printing Government charge & payment Registration Publication Let me explain the above steps in detail, Step 1: Draft: Prepare the cancellation draft. The draft looks like the below image Step 2: Print: Print the draft on document or bond paper Step 3: Government charges: Following are the government charges Stamp Duty: Rs. 200 Registration fee: Rs. 200 Scanning Fee Rs. 200 Government charges are paid through K2 website. Below is the procedure to pay government charges Open the K2 website, below image is the home page. Scroll down a bit and click on Generate Challan, circled in below image. In Remitter Details , provide your name, address, email ID and mobile number. Refer to below image in rectangle In Department Details, Category: Select Government from dropdown list District: Select your district from drop-down list, I selected Bengaluru urban in above image Department: Just type stamp, automatically DEPARTM...

  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...