Sale Deed Queries
Nagaraj G
(Querist) 04 October 2010
This query is : Resolved
Hello Sir,
This is Nagaraj G from chennai.
I have given an advance amount and booked the appartment in Thirumullaivoyal(Chennai) during august month. Intially the builder has provided UDS agreement and builders agreement in a stamp paper which has all the schedules and property details.By submitting the above two documents,other property details and my employment details i have applied for loan and loan has been sanctioned in AXIS bank.
I need your advise and guidance before proceeding to sale deed registration :
1) The sale deed is registered only for UDS value - is this correct way of doing appartment registartion?
2) The sale deed does not exactly specify the bulit up measurement and floor details clearly in schedule B, the bulider says the propery measurement will not be mentioned since by doing that it will shoot up stamp duty charges and however he has given the flat built up, floor details clearly in "Builders Agreement" which was earlier submitted to the bank for loan purpose - Pls advise if this correct way of doing it?
3) There are four flats with four covered car parking as per bulider plan, however the builder advise not to mention the car parking specifications in the sale deed since that will shoot up the stamp duty charges for me, alternatively the builder confirmed to provide the allotment letter for car parking while handing over the key - is that correct way of doing it or i need to stress the builder to include the car parking details in sale deed. The car parking carge is 1Lakh.Pls advise the correct procedure.
As i am doing the property registration for the first time, want to be very careful and clear of the registraion procedure to avoid risk.
Thanks,
Nagaraj G
Sri Vijayan.A
(Expert) 05 October 2010
Dear Nagaraj,
The uds of land only registered in the purchaser name.
For building, the builders agreement is the document.
Regarding car park, you bring all the details, preferably a seperate schedule, in the builder's construction agreement
Nagaraj G
(Querist) 06 October 2010
Thanks Sir.
Regarding car parking, the below point is mentioned as per "builder's agreement:
" Builder's Entitlement to Areas of the Building"
It is specifically understood by the allotee that the builder shall allot certain specific areas such as reserved covered parking spaces for the exclusive use of specified allotees, provided such allotment does not in any way present ingress or engress by the allotee to the said appartment. The allotee here by agrees not to park any vehicles in any area except in the area alloted reserved parking spaces"
And bulider agrees to provide car parking allotment letter while handing over the key.
Please advise if it is correct.
When requested the builder to include the car parking details in Sale Deed,
Builder says he need to include annexure 1 by mentioning the building and car parking details which will increase the stamp duty charges.
Regards,
Nagaraj G
Khaleel Ahmed Mohammed
(Expert) 04 October 2010
