I am planning to purchase a new house (land + house constructed in divided flats) in cuddalore. The total cost is 1800000Rs (Land value is 300000Rs + building construction- 1500000). While we started discussing about registering, we were told that both the land and the building should be registered? Is this a new government law?
I made two agreemnts for Land and constructing house duration of three months. But Bank officials told me you can register land only bacuase construction of house 85% only finished it will take to finish another one month.
Please provide clarity on the law/rules for registration for my case. Would be thankful for any advice on this.
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