Documents By Vinod Arora

  If you thinking of buying a property in a Lal Dora area, you need to go through this article!! The term ‘Lal Dora’ came into existence in 1908 during the British rule. It was used to classify that portion of the village land which is part of the village ‘abadi’ (habitation). Such lands are supposed to be used for the non-agricultural purpose only and are exempted from the provisions building bye-laws.  While the term ‘Lal Dora’ is used for both rural and urban villages, the fine dividing line has disappeared over the years. Several villages in Delhi such as Yusuf Sarai, Munirka, Chhatarpur, Mahipalpur, Sant Nagar, Kanjhawla, Mehrauli and Shahpur Jat, etc. have been engrossed into the developed city limits, and today, they constitute a part of the prominent elite areas. Pros of buying a property in Lal Dora area Economical rates : Property rates in Lal Dora areas are comparatively cheaper than the authorised areas of Delhi due to non-availability of social amenities s...

  RERA REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016   Vide recent Notification dated April 19 2017 being S.O. 1216(E) issued by the Ministry of Housing and Urban Poverty Alleviation sections 3 to 19, 40, 59 to 70 and 79 to 80 of the Real Estate (Regulation and Development) Act, 2016 (the "Act' or 'RERA') came into force w.e.f. May 01 2017. Earlier, the Ministry notified effective date for sections 2, 20 to 39, 41 to 58, 71 to 78 and 81 to 92 of the Act as May 01 2016. THE PREAMBLE OF THE ACT STATES: An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the d...

  Stamp Duty and Registration Charges in Delhi (For areas under the jurisdiction of MCD) On property purchases in the National Capital of Delhi, home buyers have to pay Stamp Duty and Registration Charges at the time of property registration. However, with an aim to increase home ownership, Stamp Duty in Delhi is kept lower for women buyers. The Registration Act of 1908 makes it necessary upon the buyer of a property to pay Stamp Duty at the time of property registration. Through the registration process, the ownership of a property is transferred in the name of the new buyer from the old, in the government records. Unless a property is registered in the name of the buyer, he/she will not be able to prove his/her ownership of the asset in the Court of Law. Percentage of Stamp Duty in Delhi (For areas under the jurisdiction of MCD)   Gender Percentage Rate of Stamp Duty MALE 6% FEMALE 4% JOI...

Legal Heir Certificate/ Surviving Member Certificate A Legal Heir Certificate also known as Surviving Member Certificate is issued to prove the right legal heirs left behind by the deceased person. This Certificate is generally required as proof of surviving member to avail different benefits from the different places and in the Government Services where surviving member are preferred. The legal heir certificate consists of details like name, age, relationship with the deceased and photograph of all surviving family members. BENEFITS OF LEGAL HEIR CERTIFICATE ·         To establish relationship with the deceased; ·         To establish claim over the deceased’s assets, movable and immovable; ·         To claim employee benefits of the deceased like family pension, PF, gratuity, etc.; ·         To claim insurance of the deceased; · ...

Delhi Government has divided the properties in Delhi / New Delhi city into 8 categories - Category-A , Category-B, Category-C, Category-D, Category-E, Category-F, Category-G and Category-H. Most expensive posh areas of the city are part of Category-A while Category-H has the lowest value areas of the city. List of the Categories with the respective areas follows: CATEGORY-A Anand Niketan, Basant Lok DDA Complex, Bhikaji Cama Place, Friends Colony, Friends Colony West, Friends Colony East, New Friends Colony, Golf Links, Kalindi Colony, Maharani Bagh, Nehru Place, New Friends Colony, Panchshila Park, Rajendra Place, Shanti Niketan, Sunder Nagar, Vasant Vihar. CATEGORY-B Maurice Nagar, Munirka Vihar, Neeti Bagh, Nehru Enclave, Nizammudin East, Pamposh Enclave, Safdarjang Enclave, Sarvapriya Vihar, Sarvodaya Enclave, Anand Lok, Andrews Ganj, Defence Colony, Kailash Colony, Greater Kailash-I, II, III & IV, Green Park, Gulmohar Park, Handard Nagar, Hauz Khas. CATEGORY-C Alaknanda, Chitt...

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  The Buyer has to deduct TDS (under section 194-1A of the Income Tax Act), at the rate of 1% of the total Sale Consideration. Note that the Buyer is required to deduct the TDS, not the Seller. The rate is 0.75% for property transactions carried out from 14 th May-2020 to 31 st March-2021. No TDS is required to be deducted if Sale Consideration is less than Rs. 50 Lacs.