Transfer of Property Guidelines
Oct 08, 2024

Transfer of Properties in India: Guidelines and Regulations

by Godrej Properties Limited

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Frequently Asked Questions

1. What is the importance of property title verification during property transfers?

Ans. Property title verification is crucial to establish clear ownership and ensure the legitimacy of the property.

2.What are the tax implications of property transfers in India?

Ans. Property transfers may attract various taxes, including capital gains tax. 

3. What is the Transfer of Property Act, 1882?

Ans. The Transfer of Property Act, 1882 is a government regulation that regulates the transfer of property in India. It gives a legal framework that must be followed for transferring property. 

4. What is stamp duty and how is it calculated in property transactions?

Ans. Stamp duty is a government tax paid on property transactions for transfer of ownership. It’s calculated as a percentage of the property's market value, sale agreement value, or the government-defined circle rate, whichever is higher.

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