When we register documents like sale deeds, rent agreement, gift deeds, Index II is generated. It contains information like document registration number, the location where it is registered, party names (Name of the owner of property), total consideration amount, party details, property details, details of stamp duty, etc. It is a very important document and […]
Property Tax is a tax paid by the owner of the property. The owner can be an individual or any corporation. The local government calculates property tax on the market value of the property owned. The rate of tax also varies with the jurisdiction. On transferring the property/ownership to another person, the name on property […]
With the booming IT industry and ever-increasing commercial activities, Chennai has been experiencing a huge demand for rental house properties. As people move here from different parts of the country as well as from other countries, they look for a property which is safe and affordable. This raises a concern for the landowners while letting […]
What is Khata? Khata is a legal document of the owner of a property in Bangalore. It is an important document maintained by BBMP (Bruhat Bangalore Mahanagara Palike). The Khata contains important details about the property. And in case of obtaining a loan from the bank, this document serves a relevant purpose. So, let us […]
It is imperative to have a certificate that would preserve the interest of both the parties: a renter and a landowner. A rental lease agreement, therefore, is the paramount way to take a careful approach. Nearly every residential lease agreement lasts for 12 months. When the lease agreement comes to the closing stage, the renter […]
On February 22nd, 2019, the Tamil Nadu government made it compulsory for rent agreement registration under the Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act, 2017. The Act requires both the tenant and owner to register the rental agreement within 90 days from the day of execution with the rent authority. […]
