Sir,
I own a new residential flat in chennai from a rated community which is still under possession by Nov2016 & i have executed the sale deed on 2014. Meanwhile i want to sell the property & the buyer has raised the below concerns while making the sale agreement regarding property tax & electricy connection
1. Buyer wants the property to be assessed up to date and propety tax to be should be named in my name only - As the property is still under possession how can i assess the property tax now. As per the builder the property tax shall be provided intially in builders name only. Later on i have to change it to my name in corporation office by showing the necessary proof (sale ded & EC Documents). Is there any way buyer can directly apply for his name from builder name. What is to be done for that. please suggest
2. Buyer want the electricity bill in my name only. As per the builder they will provide the EB Connection in builder name only& later on i have to apply & change it to my name in Electricity board. Any chance i appy for change of name immediately before possession. What is the way?? please suggest
Further until the completion of the proptery tax assessment & EB Connection in my name buyer wants to put a clause in the SALE AGREEMENT to hold 2% (approx 1 lakh). Is this correct. How to negotiate with the buyer..Please suggest
Regards,
Rahul
