Quantity Surveying
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FAQ LIST
Your Real Estate
Questions Answered
Welcome to our FAQ section, where we address the most common questions about buying, selling, and investing in real estate. Whether you're a first-time homebuyer, an experienced investor, or looking to sell your property, our comprehensive answers will help guide you.
The Registration Act, 1908, the Transfer of Property Act, 1882 and the Real Estate (Regulation and Development) Act, 2016 mandates the registration of an agreement for sale of an immovable property. By registering the agreement for sale of an immovable property, it becomes a permanent public record. Further, a person is considered as the legal owner of an immovable property only after he gets such property registered in his name.
Whether you need to pay stamp duty on a property transferred as a gift depends on the laws of the specific jurisdiction where the property is located. Generally, many regions impose stamp duty on property transfers, including gifts, typically calculated based on the property’s market value. Despite any applicable exemptions, you may still need to complete and submit relevant documentation to the tax authorities.