Resale Property Registration

 

 

Protect your interests in a sale agreement!

 Why Choose Housingoutlook

HANDLING COMPLETE PAPERWORK

Get complete legal assistance for drafting the sale agreement & getting it franked, drafting the sale deed and getting it registered.

 

HASSLE-FREE REGISTRATION

Standardized packages & door step document services for convenience. Lawyers can serve anywhere in Vijayawada.

BANK APPROVED FORMATS

Verified property lawyers with 10+ years of specialization will draft the agreements which are approved by nationalized banks.

 

CONSISTENT PRICES & TIMELINES

Covers complete legal fees. Delivery within set timelines. Excludes stamp duty, registration fee & miscellaneous expenses.

 

How to Place Your Order

 

CHOOSE THE BASE PACKAGE YOU WANT

Base package covers drafting sale agreement & franking. Then sale deed drafting & registration assistance in sub -Register office

 

SELECT YOUR ADD-ONS, IF NECESSARY

Select the appropriate add-on for getting certified copy of sale deed or for registration assistance in rural areas.

 

COMPLETE THE PAYMENT

We will send the payment to the lawyer only after the service is delivered to your complete satisfaction.

 

 

100% SATISFACTION, GUARANTEED

We will send the payment to the lawyer only after the service is delivered to your complete satisfaction.

 

How Our Process Works

 

PROCESSING YOUR ORDER

On placing your order, you will be redirected to the engineers’ address and phone number details. 

 

SALE AGREEMENT EXECUTION

Share the soft copies of property papers & get the sale agreement drafted. The franked sale agreement is delivered to your door

 

SALE DEED DRAFTING

Get the sale deed drafted. Talk to the lawyers to understand the process & to schedule an appointment at the sub-registrar’s office.

DAY OF REGISTRATION

The lawyer will be present at the sub-registrar’s office & will hand-hold you & ensure the sale deed registration gets done

 

Frequently Asked Questions

 

What is sale agreement and why it is very important?

Property Sale Agreement is most important document. Sale agreement contain mutually agreed upon Terms & Conditions between Seller & Buyer for the sale of property. This agreement governs the whole property transaction and is valid even after the sale. It is legally binding on both the parties. There are two ways to execute the sale agreement a) franking and notarization b) registration. Registration is highly recommended as it carries more value in the court of law and makes the agreement water tight. Please note either case you will have to bear 0.1% of the sale value as stamp duty.

 

What is sale deed and registration?

Sale deed is a legal document that contains details of transfer of property ownership from a seller to a buyer. This is one of the most valuable legal documents while purchasing or selling a property. It is executed at the time of actual transfer of property ownership at a sub-registrars’ office. This document needs to be registered mandatorily and is governed by the Registration Act.

What are the different aspects that get covered in re-sale package @ Housingoutlook?

Drafting of sale agreement, Execution of sale agreement (if appropriate add-on is ordered), Drafting of sale deed, Property registration, Overall legal supervision and consultation. Please note this package doesn’t include verification of property documents to establish the genuineness of your property.

What are the documents required for sale agreement drafting?

We will need copy of the previous sale deed, buyer(s) & seller(s) details, transaction value and Mutation certificate. After placing the order, you can upload the scanned copy of these documents in the order page.

What are the stamp duty and other expenses?

Stamp duty, cess and surcharge area as per AP Govt stamp duty charges ( total consideration or guidance value whichever is higher). Additionally, there would be a 1% registration fee. There will be incidental expenses such as scanning charges etc. Kindly note, the legal fees mentioned here is professional fees only and does not include stamp duties, registration fee or any miscellaneous expenses. These expenses have to be paid as per actual s by you.

How will the legal team help me on the day of registration?

The Legal Expert will take an appointment with the sub-registrar office on a day convenient to you and will be present throughout to handhold the process. On the registration date along with Registration Paid Challans you have to bring original and photocopies of the following documents:

You need to carry three separate Paid Challans for Registration, Stamp Duty and User Charges fee in favor of the concerned Sub-registrar.

Current year tax paid receipt

Assessment details standing in the names of the seller/s.

Seller(s) previous sale deed.

Both seller, buyer and two witnesses (above 22 years) should appear with I.D documents on the registration date.

How do I pay the TDS?

The buyer has to deduct TDS at 1% of the total sale consideration. Note that the buyer is required to deduct TDS, not the seller. No TDS is deducted if sale consideration is less than Rs 50 lakhs. If installments are being paid TDS has to be deducted on each installment. Tax is to be paid on the entire sale amount. For example, if you have bought a house at Rs 55 lakh, you have to pay tax on Rs 55 lakh and not on Rs 5 lakh (i.e. Rs 55 lakh - Rs 50 lakh). This is applicable even when there is more than 1 buyer or seller. For details you could follow the details guide from the income tax department.

Do I need to book a service by paying upfront?

Yes. the work is complete to your satisfaction.

How long does it take?

The whole process takes 4-5 working days for our Legal Experts. Two to three working days for sale deed drafting and review.

How can I share the documents with the Legal Expert ?

we will coordinate with you once you place the order.

How to order housingoutlook services?

Follow this link to view our catalog on WhatsApp: https://wa.me/c/917382222922