THE REAL ESTATE DETAILS

                     WHAT IS SUBSIDY ? This subsidy was under prime minister  AWAS YOJANA   for the first property buyer. There are different type of income bracket in awas yojana. Income less than Rs 6 lakh per annum will get a subsidy of 6.5 percentage points on a principal component of Rs 6 lakh, regardless of the total loan amount. Income up to Rs 12 lakh per annum will get interest subsidy of 4 percentage points on a principal component of Rs 9 lakh. Income of up to Rs 18 lakh per annum will get a subsidy of 3 percentage points on a principal component of Rs 12 lakh. 

                   WHAT IS SATAKHAT ? The Satakhat is a vernacular word for the agreement where by the executor agrees to sell but not exactly sells the property it is always an agreement to sell under certain terms and conditions. If it is registered the other party can not sell it to any third party without taking NOC from the other party of the Satakhat. Mostly in cases of the Loan the repayment is guaranteed  by the satakhat against any property where in case the repayment of loan dues is not done by any cause the loan amount can be derived out of the Satakhat Property. It\'s enforcement is depend on the terms and conditions which are mentioned in it and the time is the essence of these agreements to sell. Where by the sale deed is a deed of instant sale against a consideration amount and physically handing over the possession of the property to the purchaser which is an essential ingredient of the sale deed.  

              WHAT IS MASTER FILE ? This is refer to that the master file is a document created when a property is purchased for the first time. It is field in the public land records and its purpose is to keep track of the initial mortgages and liens that might be associated with property. THINGS NEEDED FOR MASTER FILE. Sale Deed/Title deed /Mother deed/Conveyance Deed RTC Extracts Katha Certificate and Extracts Mutation Register Extracts Joint Development Agreement  General Power of Attorney  Building plan sanctioned by statutory authority NOC from Electricity Deptt/Pollution Con trol Board/W ater Works/ Air Port Authority Supplementary agreement / Ratification Deed (if any) Allotment Letter from the builder/co‐operative society/Housing Board/BDA. Sale Agreement between Builder and 1 st Owner Construction Agreement between Builder & 1 st Owner Copy of possession letter from the builder Payment receipts paid towards the builder If any loan on the propert

                            WHAT IS VASTU ? Vastu for the Main Entrance Doorway: - According to Vastu Shastra, the main entrance to a home is not only the entry point for the family, but also for energy. Vastu for the Living Room:- The Living Room should be near the entrance to the house. Good possible location for the living Room are in NORTH, NORTHWEST, WEST, SOUTH, EAST And SOUTHWEST of the house. North or East facing house. The living Room should be in Northeast direction . West facing house.  The living Room should be in Northwest side. South facing house.The living Room should be in South/southwest side. WHAT IS KITCHEN VASTU :-     The best location for the kitchen is the SOUTHEAST area of the house with the cook facing EAST when cooking. The Second best area for the kitchen is the NORTHWEST side.   The ventilators and larger kitchen window should be in the EAST direction. The smaller window can

             WHAT IS HIDDEN CHARGES ?     That adds up to agreement value. That adds up to government taxes. That adds up to other/miscellaneous charges. That adds up to agreement val ue are :- Car Parking charges which is {3-12%} of the property depending upon its cost. Preferential location charges, are the charges that are applicable on preferred flats,like vastu, garden location,river location,etc.This charges are {2-4%} of the property. Floor charges,this charges that varies with floor,like floor choice midden floor, top floor etc. That adds up to government taxes are:- Stamp duty, It varies from region to region, from {5%-7%}. Registration Charges, It is 1% of the agreement value whichever is lower. GST, It is 5% for Input Tax Credit (ITC) on residential properties that are not part of the affordable housing segment. And 1% for without ITC on residential properties that are included in the affordable housing

                            WHAT IS JANTRI RATE ? Jantri is a legal document which specifies the land and buildings at a particular time. The government of Gujarat fixes the unit rates of land or building in the state from time to time. Gujarat property registration charges and the stamp duty are calculated based on the unit rates of land maintained by the Gujarat Government. Property prices managed by the Government will be re-examined periodically as per market value and Jantri value. Gujarat land value certificate contains the value of land according to the current market value  of land in that particular area at that time. In this article, we will look at the procedure for obtaining Gujarat Land Value Certificate – Jantri for a property in detail. Land valuation certificate ( Jantri ) is a crucial document to obtain property loan from the bank Jantri document is used for increasing the credit limit of loan Land value certificate is a mandatory document for a per

                        WHAT IS SLAB ? Slab is an important structural element which is constructed to create flat and useful surfaces such as floors, roofs, and ceilings. It is a horizontal structural component, with top and bottom surfaces parallel or near so. Commonly, slabs are supported by beams, columns (concrete or steel), walls, or the ground. The depth of a concrete slab floor is very small compared to its span. The forces transfer from slab to beams occur either in one way or in two ways. The total system completely counts on the geometrical dimensions of the slab. Slabs may be supported by columns only, in this case two way action will prevail. If the ratio Long side / short side < 2 it is considered as 2-way slab, and if Longer side to shorter side greater than 2 then it is considered as 1-way slab. The load transfer mechanism from floor slab to supporting elements for one way slab and two way slab are shown in Fig. 2 and Fig. 3. Lastly, Fig. 4

                              WHAT IS COLUMN ? Column is a vertical structural member that carry loads mainly in compression. It is assumed to be the most crucial structural member of a building because the safety of a building rest on the column strength. This is because failure of column would cause progressive collapse in buildings whereas such event would not occur when other members fail. Columns transfer vertical loads from a ceiling, floor or roof slab or from a beam, to a floor or foundation. They also carry bending moments about one or both of the cross-   section axes.  Since the columns are supported by foundation; the load relocated from the all components to the columns. Then, it will be transferred from the column through the column necks adjacent to the footing in the form of axial force. Moreover, Columns transfer lateral loads to foundations as well when such loads imposed. Lastly, It will transfer moment and shear also to the footing.

                       WHAT IS BEAM ? Beam  is a horizontal structural element that withstand vertical loads, shear forces and bending moments. The loads applied to the beam result in reaction forces at the support points of the beam. The total effect of all the forces acting on the beam is to produce shear forces and bending moment within the beam , that in turn induce internal stresses, strains and deflections of the beam. They transfer loads imposed along their length to their end points where the loads are transferred to columns or any other supporting structural elements.

    WHAT IS RAJA CHITHI ( commencement certificate )? A commencement certificate is a document that proves the legitimacy of a real estate project. We explain what exactly a commencement certificate is and its importance for a developer, as well as a home buyer. A commencement certificate is a document from the local municipal authority that permits the developer to begin construction of the project. The commencement certificate (or CC) is usually granted, only after the developer has met the legal requirements and obtained the relevant sanctions for the building’s plan. Before beginning the construction of a new building or project, the developer must obtain a commencement certificate from the local authorities. Once the developer submits his plan for the project, the municipal authority will begin conducting several preliminary checks, before authorising that the project is fit for commencement. During this time, the developer must be able to provide all th

                         WHAT IS FSI ? Floor Space Index ( FSI ) FSI means the ratio between the area of a covered floor ( Built up Area ) to the area of that plot (land) on which a building stands. Let say, your zone FSI is 1.5 for special buildings. Now you can build (2000*1.5 ) 3000 Sq.ft covered area on your land. It can be either 2 floors of 1500 sq.ft or 3 floors of 1000 sq.ft without affecting other municipal rules. Premium FSI, If you need to extend the allowable Floor Space Index (FSI), you have to pay a premium fee to the govt. To avail this FSI, the abutting road of the land must be at least 30 feet. 30 – 40 Feet Road Width – 20 % Premium FSI 40 – 60 Feet Road Width – 30 % Premium FSI more than 60 Feet Road Width – 40 % Premium FSI If the land location of the building has 30 – 40 feet abutting roadway, then you can make avail the premium FSI of 20% which means you can build 20% more than allowable FSI. For Example , If

                       WHAT IS RERA ? Real Estate ( Regulation and Development ) Act, 2016. There have been several cases, where developers have even gone to the extent of not mentioning the date of possession in the agreement, leading to mental and financial trauma for the home buyers. The Act prohibits unaccounted money from being pumped into the sector and as of now 70 per cent of the money has to be deposited in bank accounts through cheque is now compulsory. A major benefit for consumers included in the Act is that builders will have to quote prices based on carpet area not super built-up area, while carpet area has been clearly defined in the Act to include usable spaces like kitchen and toilets. There are many frauds like fake promise s, project delay, deviation from approve plan, cheating over titles &  conveyance, rental returns trap, untimely approvals, hidden char ges, formation of project based company to reduce liability / legal issue etc. by t

                                  WHAT IS BUC   ? It is called has building use certificate  that given by the municipal corporation. It is given to builder after completed the project/building. Municipal corporation visit the site/project after completed the project to check that builder has completed the project has per design or not and another things they check that builder has given the connection of gas , water , electricity to customer or not. After that builder issue the BUC (building used certificate). Completion certificate is a legal document that attests the fact that a building has been constructed in line with construction norms. A completion certificate should include all the information about project-- from the building height to quality of the material used. To summaries, a completion certification is an assurance that the building in which you are going to stay has not violated any norms. It is mandatory for all developers to show completion ce

          WHAT IS SUPER BUILT UP AREA ? Super Built Up Area is the bui lt up area plus proportionate  area of common areas such as t he lobby, lifts shaft, stairs,  etc. Sometimes it may also in clude the common areas such, s wimming pool, garden, clubhous e, etc.   Payment is made on " SUPER  BUILT UP AREA ". Example:- Now the calculation : Lets tak e your example, if CARPET AREA  is 600 sq ft. What would be S UPER BUILT UP AREA ? Lets assume the ratio is 75:25 . Means CARPET AREA is 75% of SU PER BUILT UP AREA. SUPER BUILT UP AREA = 600 + 25 % of 600 = 600 + 150 = 750 SQ  FT So the payment will be made on  750 sq.ft not 600 sq ft.

              WHAT IS BUILT UP AREA ?  Built area is the area that come after adding carpet area and inner wall area. Thickness of the inner wall of your house. The built up area also consists of other area mandated by the authorities, like as a dry balcony , flower beds. 

                                        WHAT IS CARPET AREA ?   Going for a house purchase and still confused how carpet area is different from built-up area? "Area that can covered by a carpet is called as carpet area"  Carpet area is the area that can be used to spread a carpet inside the house. You should know the cut off percent from built up area. Then subtract the percent from built up area. After you'll get the carpet area of the your house. Example:-                      1000 (square foot) - 50% (cut off ) = 500 (carpet area) 

WHAT IS SQUARE FOOT /FEET (SQ.FT)?     When you buy new place or property and you don't know, how to measure the square foot /feet (sq.ft) , And the important factors that determine a property's value. That square foot /feet (sq.ft) are the number that impact your property value , simply measure the LENGTH & WIDTH then you'll gets the numbers of  L&W then multiply the number after multiply you will gets the total number of  L&W that will be your square foot /feet. जब आप नई जगह या संपत्ति खरीदते हैं और आपको पता नहीं होता है कि वर्ग फुट / फीट (sq.ft) को कैसे मापना है, और महत्वपूर्ण कारक जो संपत्ति के मूल्य को निर्धारित करते हैं। वह वर्ग फुट / फीट (sq.ft) वह संख्या है जो आपकी संपत्ति के मूल्य को प्रभावित करती है, बस LENGTH & WIDTH को मापें, फिर आपको L & W की संख्याएँ मिलेंगी और फिर संख्या को गुणा करने के बाद आपको L & W की कुल संख्या मिल जाएगी। अपने वर्ग फुट / पैर हो।