Sankalp Cherry Blossom Multistorey Apartments Area Range 1095-1770 Sq.ft, Located in Varthur, Bangalore offered with 2BHK Apartments and 3BHK Apartments.
Description:
Want to make life an album pasted with the perfect pictures, when you go down the memory lane, many years from now? Welcome to Sankalp Cherry Blossom, a harmonious haven set in the most sought-after side of Bangalore – Whitefield. It’s a choice of 2/3 BHK homes that come with lifestyle aspects that will delight you and leisure
Amenities:
Party Hall
Garden and Lawns
Power back-up Generator
Disable friendly
Vaastu compliant
Grand Entrance Lobbies
Fully Automatic Lifts
CC TV / Intercom facility
After Purchase of Property What Next ?
The activities to be undertaken by the purchaser of immovable property can be broadly classified into: Pre-registration and Post-registration activities.
Pre-registration requirements:
Pre-registration activities involve identifying the location of the property, ascertaining the valid and marketable title of the Vendor, Legal scrutiny report, Mode of payment, Sale Agreement, etc. Before registration of the sale deed, it is very important to verify all the relevant documents in original, in order to rule out subsistence of any kind of bank mortgages or encumbrances.
As the purchase of a property involves investment running into lakhs of rupees, availing the services of an Advocate having sufficient experience in property transactions would immensely help the intending purchaser in protecting his right, title and interest in the property.
Post-registration requirements:
Post registration activities are the steps to be undertaken by the purchaser after registration of the sale deed. There are certain requirements to be fulfilled in order to get valid title and to exercise ownership over the immovable property by the Purchaser. The following are the essential activities required to be carried out by the purchaser:
1. To obtain Original Documents: The first and foremost activity to be performed by the purchaser is to obtain original documents of title from the seller and compare them with the xerox copies, which the purchaser’s advocate would have scrutinized. If the advocate calls for other original documents or certified copies, ensure production of the same. It is always advisable to apply for certified copies of the sale deed.
2. Encumbrance Certificates: It is also necessary to register the application for updated encumbrance certificate in the Sub-Registrar office on the day of registration itself, which shall be from the date of entering into an agreement to the date of execution of sale deed.
3. Possession of property: Physical Possession of the property is of vital importance. It is advisable to inspect the property a day ahead of registration to make sure that the property is as per the sale agreement. One of the clauses to be incorporated in the sale agreement is that the Vendor shall hand over vacant possession of the property and the purchaser shall receive all the keys of the property at the time of registration. If need be, one may change the main door lock itself.
In case of vacant sites, it is necessary to put up a display board with the wordings “This property is owned by………….. Trespassers will be prosecuted”. Fencing of sites or putting up compound walls, though expensive, is preferable. Periodical visits to the site are a must to detect any kind of encroachment.
The activities to be undertaken by the purchaser of immovable property can be broadly classified into: Pre-registration and Post-registration activities.
Pre-registration requirements:
Pre-registration activities involve identifying the location of the property, ascertaining the valid and marketable title of the Vendor, Legal scrutiny report, Mode of payment, Sale Agreement, etc. Before registration of the sale deed, it is very important to verify all the relevant documents in original, in order to rule out subsistence of any kind of bank mortgages or encumbrances.
As the purchase of a property involves investment running into lakhs of rupees, availing the services of an Advocate having sufficient experience in property transactions would immensely help the intending purchaser in protecting his right, title and interest in the property.
Post-registration requirements:
Post registration activities are the steps to be undertaken by the purchaser after registration of the sale deed. There are certain requirements to be fulfilled in order to get valid title and to exercise ownership over the immovable property by the Purchaser. The following are the essential activities required to be carried out by the purchaser:
1. To obtain Original Documents: The first and foremost activity to be performed by the purchaser is to obtain original documents of title from the seller and compare them with the xerox copies, which the purchaser’s advocate would have scrutinized. If the advocate calls for other original documents or certified copies, ensure production of the same. It is always advisable to apply for certified copies of the sale deed.
2. Encumbrance Certificates: It is also necessary to register the application for updated encumbrance certificate in the Sub-Registrar office on the day of registration itself, which shall be from the date of entering into an agreement to the date of execution of sale deed.
3. Possession of property: Physical Possession of the property is of vital importance. It is advisable to inspect the property a day ahead of registration to make sure that the property is as per the sale agreement. One of the clauses to be incorporated in the sale agreement is that the Vendor shall hand over vacant possession of the property and the purchaser shall receive all the keys of the property at the time of registration. If need be, one may change the main door lock itself.
In case of vacant sites, it is necessary to put up a display board with the wordings “This property is owned by………….. Trespassers will be prosecuted”. Fencing of sites or putting up compound walls, though expensive, is preferable. Periodical visits to the site are a must to detect any kind of encroachment.
4. Transfer of Khatha and Khatha Extract of the property: After registration of the sale deed, the purchaser must ensure that the Khatha in the records of the local bodies like Gram Panchayath, CMC or the City Corporation is transferred in his name. For such transfer, it is necessary that both the buyer and the seller have to sign the application for transfer of Khatha, which is done simultaneously while signing the sale deed. This is necessary to avoid unnecessary disputes and complications in future.
Duly filled Khatha transfer applications have to be presented before the concerned office, along with a copy of the sale deed and receive necessary acknowledgement.
At the time of execution of sale deed, the Vendor has to sign the following documents:
Khatha transfer application,
Letter for transfer in favour of the purchaser of Statutory deposits for electricity meter,
Letter for transfer in favour of the purchaser of Statutory deposits for water, sanitary connection,
In case of second hand sale of apartment, letter for transfer of Apartment Membership and Corpus fund has to be obtained by the purchaser from the seller.
The following is the procedure involved for transfer of Khatha:
To present an application in the prescribed form in the office of the City/Town Municipality or Corporation having jurisdiction along with the supporting affidavit giving all particulars required in the application. In the affidavit, it is necessary to declare that you are the present owner.
To enclose certified copy of the sale deed with the latest tax paid receipt of the property.
To furnish Khatha Certificate in the name of your Vendor.
The sketch showing the locality giving particulars of the ward or zone, name of the street, etc and deposit the fee fixed.
Local bodies transfer Khatha in the name of the Purchaser after collecting a transfer fee, which is generally 2% of stamp duty paid on the sale deed and issue written confirmation of transfer in the name of the purchaser. While transferring the Khatha, local bodies, re-assess the property and issue assessment notice in the name of the Purchaser. Further, tax paid receipt should be in the name of the new owner.
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