Pagadi property purchase by third party in mumbai
pawan
(Querist) 02 November 2019
This query is : Resolved
Sir,
Want to buy office room in mumbai under pagadi system. I understand they will issue rent receipt in my name. Now i need to know the details and legality of transaction.
Modus operandi, : any documents to prepare other than rent receipt ....and need to be registered ... any guideline value.... payment to pagadi owner or to both pagadi owner and actual owners? stamp duty/ taxes to be paid for the same..... whether legal ?
After transfer of rent receipt in name of purchaser can new pagadi owner sublet the property ? ....can he resale also with profit/ losses ?
can he be evicted on ground of not using the premises ? in case of redevelopment whether new pagadi owner need to pay redevelopment charges for 240 sq feet room ?
Guest
(Expert) 05 November 2019
You want to know entire Maharashtra rent control act 1999 , please meet me and spare 2 hours i will teach (Terms and condition applies) plus individual property consultancy required because there are so many different properties (legally) so you required document examination
