What is the difference between Carpet Area, Built-Up Area, and Super Built-Up Area?

Carpet area is the usable space inside the walls, built-up area includes the carpet area plus walls and balcony, and super built-up area adds shared spaces like corridors, lifts, and common amenities.

What does RERA stand for, and how does it protect homebuyers?

RERA stands for the Real Estate Regulatory Authority. It protects homebuyers by ensuring project registration, transparency in disclosures, defined timelines, and safeguards against misleading claims and delays.

What is an Encumbrance Certificate, and why is it important?

An Encumbrance Certificate confirms that a property is free from legal dues, mortgages, liens, or ownership disputes, making it a key document for safe property purchase.

What is the significance of a Commencement Certificate in construction?

A Commencement Certificate indicates that the builder has received legal permission to begin construction after obtaining the required approvals.

How do I verify the legality of a property’s title in India?

To verify title legality, cross-check the title deed, encumbrance certificate, RERA registration details (if applicable), and mutation records with the relevant local authorities and official portals.

What are the different types of land ownership titles recognized in India?

Common property ownership titles in India include Freehold, Leasehold, and Ancestral property ownership.

What documents are required for property registration in India?

Key documents typically include the sale deed, encumbrance certificate, identity proofs of buyer and seller, required NOCs (if applicable), and property tax receipts.

How do I calculate stamp duty and registration charges for property transactions?

Stamp duty varies by state and often ranges from about 4% to 8% of the property’s market value. Registration charges are usually around 1% to 2%, depending on the state. For accuracy, use your state registration department’s official online calculator.

Real Estate Terms & Definations in India

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Real Estate Terms & Definations in India | Real Estate Glossary