LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Dhara Shah (Law Officer)     18 September 2012

Property to be purchased

Property purchase by Mr X ... 

they have taken loan for that.. but sale deed is not done because 15 % of payment is remaining by them to builder.
in between this property is purchase by me from Mr X.....
Now builder told 
Mr X & me have to complete cash payment.
den Mr X will go to bank to repayment that loan against property and close it 
and collect property document from bank and Mr X will submit that document to builder
now builder will make letter of cancellation of property and signed by Mr X
after that i will pay to builder sale deed amount 
Then builder will charge for sale deed from me i.e. stamp duty 6 % + 3.09 % S.T. + VAT 0.6%+ transfer fees ( 100000 - fix amount)  + AUDA charges + AEC charges ( electric) + maint. depos. + current maintenance( whether. builder is going to give charge of society to chairman of society with in 1 month)  + advocate fees
also builder charging ST from Mr X also
is it ok ???????
or builder charging high from me????????????


 2 Replies

ABHIJEET PARIKH (Bcom LLB MBA)     18 September 2012

Dear Dhara

Pricing cannot be determined on this forum there are certain statutory charges which u have to pay but there are certain charges on which u can negotiate like transfer charges , maintainence and advocates fees

U can bargain on it

Rest is d same not space in negotiation

But Before entering into transaction and paying him cash proceeds it is advisable to enter into MOU with X before giving him any monies

Dhara Shah (Law Officer)     18 September 2012

but would it be safe to purchase the said flat? or there may be the title clearance issue?

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register