Buying the room in chawl
Nandukumar Kamat
(Querist) 19 April 2012
This query is : Resolved
Dear Sir,
I buy a room in chawl at wadala east mumbai(ShivShankar Nagar before to Imax Theatre). Its available at Rs 15.50 lakh. Soon it may go for redevelopement (S.R.A). I would request you to suggest me i buy room there am i eligible for S.R.A. What legal steps, documents & precaution I should take to buy this room specialy when it is going under redevelopement.what type of agrremnet deed i can make to ensure it is in line with SRA. main owner of room is diffrent, current seller has purchased this room in May 2007 & he has sale agreement in his name with Sale Agreement, power of attorny & photopass(1990) of room in name of main owner. I am giving the token money Rs.50000/- and balance amount giving in instalment (5*3) before 20th May -2012. What amount of stamp papers (Rs.100 & Rs.500) is applicable & any stamp duty is applibale for me. This is our first room is buying. What legal steps, documents & precaution i should take to buying this room. Please advise me in this matter as earliest.
Thanks & Regards.
ajay sethi
(Expert) 19 April 2012
is the sale agreement of seller registered?
was stamp duty paid on said agreement ?
in respect of room if you are paying rs 15 lakhs then stamp duty would be as per ready reckoner rates fir area in wadala .
contact a local lawyer
Shonee Kapoor
(Expert) 19 April 2012
Nothing to be added.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Raj Kumar Makkad
(Expert) 19 April 2012
Various points are taken to be consideration while purchasing the aforesaid property. Whether the original owner is ready for making a direct sale-agreement with you or not? whether the previous person in possession was having a registered agreement or not?
Apart from these points various documents are also to be personally checked. It shall be better to avail the services of any local lawyer.
Shashikant V. Patil
(Expert) 20 April 2012
Mr Kadam, the present seller executed agreement to sell with main owner who is POA holder , you have to verify the document in whose name the PR card presetnly. You can also add (Main owner's name) as a consenting party in the sale deed. The stamp duty will be calculated by comparing present market rate as per ready reckoner of this property and purchase consideration i.e Rs 15.50 lac ( it will calculated on the amount which ever is higher).
