How To Sell Property In India

How To Sell Property In India. Hire an agent who will sell your property. Advertise your property so that it reaches to maximum buyers.

Selling property in India? Here are some reminders! Property lawyers from www.pinterest.com

2 cr to avail the exemption. If you want to sell your property,you may approach the high court seeking permission. The capital gains should not be more than rs.

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This will serve as the identity proof of the person, involved in the transaction. It is useful if you are not sure and still wondering should i move out of india.

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If the property has been sold before 2 years. Not doing so can land you in a fix during the transaction process and may even spoil the deal.

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You must comply with the following. No objection certificate (noc) showing that the property is not under litigation and it is free from debts (or liens) 3.

An Nri, Who Want To Sell A Property In India, Should Hold A Passport;

Price your property accordingly which is at par with the market rate and is also buyer friendly so that they get attracted towards the price. Make your property look presentable. Long term capital gains are taxed at 20%, and short term gains shall be taxed at the applicable income tax slab rates for the nri based on the total income taxable in india for the nri.

How Much Tax Is Payable.

Carry out all the necessary paperwork related to the sale of the property. Title of the property which should be in the seller’s name. Not necessarily an indian passport.

When An Nri Sells The Property, The Buyer Is Liable To Deduct Tds @ 20%.

(property valuation) it's very important to valuate a property to decide the right selling price. Firstly, an attorney from india must draft the poa according to the needs of both parties and according to the applicable laws (ica, 1872, or rera, 2016, etc.) in india. For an overseas citizen of india (oci) and a person of indian origin (pio), a passport serves the same purpose.

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If any person takes cash of rs. If you want to sell your property,you may approach the high court seeking permission. It is advisable that you do not lie to the buyer as it will land you in a dispute sooner or later.

It Is Useful If You Are Not Sure And Still Wondering Should I Move Out Of India.

The same goes for any foreign national such as uk, usa or canadian citizens who may have. Occupation certificate (oc) from the municipal corporation in india. This will serve as the identity proof of the person, involved in the transaction.