Registration
Prakash
(Querist) 17 April 2016
This query is : Resolved
Myself PRakash Shetty NRI, booked a underconstruction flat in pune.
Already paid by cheque for 15% of total COst.
My Query is , I dont want to register flat as long as I pay any dues as construction progresses.
Just before 20% balance or before pocession , I want to register and apply for bank loan in India.
In this case If situation arises, Can I sell this property before I register at market value?
OR I must register and then only I can Sell?
I I sell After Registration , Will I get all taxes paid in full?
How things works selling a property before & After registration?
Devajyoti Barman
(Expert) 17 April 2016
1.Before registration of flat you can sell the flat but for which you will require to make the builder a party to the sale and hence without its consent you can not fo so.
2.For taxation part consult a tax professional.
Rajendra K Goyal
(Expert) 17 April 2016
If the registration has not been done, builder can transfer the name to purchaser. Please go through the terms of agreement.
For taxation portion consult tax consultant.
