All You Need To Know About Registering a New Property
Registering a new property
Looking for your dream 4-BHK flat in Vadodara or any other luxury apartment in Gujarat is fun and exciting. The chance that one of the residences from the top real estate builders in Vadodara could be the one you transform into a space you can call home, and create memories with your loved ones, is thrilling. However, once you find that perfect 2-BHK or 4-BHK flat in Vadodara and decide to buy it, the not-so-exciting process of registering it begins.
The legal change in ownership when you buy an apartment for sale in Gujarat or any land is a step you cannot avoid, and must consider carefully. From acquiring the necessary documents to the fee, there are processes you must follow. Let’s make it easier to understand. Say you bought a 4 BHK flat in Vadodara. The next steps would look like this.
A stamp duty acts as a legal contract to prove the transfer of ownership. Stamp duty varies according to the property location. For the 4-BHK apartments for sale in Gujarat, it is 4.9%. Apart from the stamp duty charge, there will be an additional registration charge of 1% (maximum 30,000 INR) for males and 0% for females.
Approach the sub-registrar to register the apartment for sale in Gujarat that you purchased. Before that, the buyer, the seller, and two witnesses should carry two passport-size photos and ID proofs. Apart from these, you should have the following documents in your possession.
- Copy of the latest property register card
- Copy of the municipal tax bill
- Proof of payment of the stamp duty, registration, and payment to the seller
- Copy of a non-objection certificate, if required
It is also better to enquire in advance about the documents for the 4-BHK flat in Vadodara you will need to present.
Your state may allow you to register the apartment for sale in Gujarat online, which makes the process easy. However, stamp duty calculation is usually a bit tricky. For example, if you have a 2-BHK home, you may also have to look at the market value of 2 BHK flats for sale in Vadodara. However, you can assess stamp duty online quickly.
Existing legal issues are often overlooked when buying a property. You should always enquire about any such cases or pending payments. You will not need to worry about such complications if you purchase the property from top real estate builders in Vadodara, like Alembic Real Estate.
Alembic Real Estate offers 4, 3, and 2-BHK flats for sale in Vadodara. Every project from Alembic comes with grand living specifications, high building quality, sustainable planning, and more. Making us one of Vadodara’s top real estate builders. Our apartments for sale in Gujarat have large rooms, picturesque views, and world-class amenities and cater to the highest standard of living. Check out the luxury 2, 3 & 4-BHK flats from Vadodara’s top real estate builders.