SUBSIDY

-
                    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. 

SUBSIDY

Popular posts from this blog

MASTER FILE

-
Image
              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
Read more >>

commencement certificate

-
    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
Read more >>

JANTRI RATE

-
Image
                            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
Read more >>