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 to...

                            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.   ...

             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 ...

                            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 cred...

                        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 ...