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legal faq's
 
  • What is the difference between lease and leave and licence agreement?
  • I have a flat which I want to sell and buy a new flat which will be bigger in area. What are my tax implications with regard to capital gains?
  • Are any conditions required to be fulfilled if repatriation of sale proceeds is desired?
  • Can foreign citizens of Indian origin acquire or dispose of residential property by way of gift?
  • Can foreign citizens of Indian origin acquire commercial properties in India?
  • Can sale proceeds of such property be remitted out of India?
  • What is the difference between Built-Up Area, Super Built-Up Area and Carpet Area?
  • How ownership of immovable property is acquired by a person?
  • By inheritance of ancestral property.

    Through will.

    Acquisition by oneself such as purchase etc.

    Through gift, trust, settlement deeds.

    Grant, sanad / Inam by the Government

    Through decree of Court.

    There are two ways of acquisition:
    1.By act of parties.
    Example: Purchase, gift etc.
    2. By operation of law
    Example: Inheritance, decree of Court etc. (for details please see Transfer of Property Act, 1882 (Central Act))

  • Which are the documents requires to be compulsorily registered?
  • Other non-testamentary instruments, which purport or Operate to create, declare, assign, limit or extinguish whether in the present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or in immovable property;

    Non testamentary instruments which acknowledge the receipt or payment of any consideration on account of the creation, declaration, assignment, limitation or extension of any such right, title or interest;

    Leases of immovable property from year or for any term exceeding one year, or reserving a yearly rent;

    Non testamentary instruments transferring or assigning any decree or order of a court or any award when such decree or order or award purports or operates to create, declare, assign, limit or extinguish whether in the present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or in immovable property;

    The documents containing contracts to transfer for consideration, any immovable property for the purpose of section 53A of the Transfer of Property Act, 1882 shall be registered if they have been executed on or after the commencement of the Registration and Other Related Laws (Amendment) Act, 2000 and if such documents are not registered on or after such commencement, then, they shall have no effect for the purposes of the said section 53A

  • Can a registered will be rectified or changed?
  • Can a will be registered even after death of testator?
  • What is the Stamp duty and Registration fee to register a will?
  • Is the certified copy of a registered will available to any body?
  • How to keep contents of a will confidential ?
  • What is the procedure to obtain the sealed cover containing a will after the death of the depositor?
  • What is the procedure for change of khata of the properties obtained through will?
  • How one can determine direction of his plot?
  • What are other restrictions to purchase agricultural land?
  • What is the purpose of Registration?
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