Our Property Registration Lawyers can provide you with legal opinion for property, help you register the property in Chennai, and advise on other related legal mandates.
Legal Opinion For Land Purchase in Chennai
Buying a property in Chennai or any other place in India is a very exciting time for any potential buyer. It is a new chapter in their life, but also a new start. However, before you can even think of getting the keys to the new home, you need to make sure you’re on the right track. Here is where your property lawyers in Chennai come into play. Our property registration lawyers in Chennai can advise and help you understand all the legalities involved in buying a property.
So it’s important to get proper legal advice from lawyers for buying the property to avoid any legal issues in the future. Our lawyers for property purchase legal opinion services in Chennai. Our property registration lawyers in Chennai can provide you with an
- legal opinion for the property
- in-depth analysis of encumbrances
to ensure that you understand all the terms and conditions of the sale agreement and Sale Deed.
They can also highlight any potential risks that you may not be aware of, such as
- Sellers Right
- Power of attorney issues
- property encumbrance,
- zoning issues or
- break in the ownership chain
- pending mortgages if any,
- pending litigation, if any
In addition, they can provide guidance on how to proceed if you have any concerns about the purchase. With so much at stake, it’s well worth engaging the services of a property purchase legal opinion service before you commit to any property purchase.
Property law is a complex and larger area of the legal system that touches on a wide variety of different topics. At its core, property law is concerned with issues such as
- ownership,
- tenure, and
- the obligations of individuals to protect and preserve land or other property they own.
In addition, it can involve everything from buying and selling real estate to resolving disputes over boundaries or rent payments. Property law is so multifaceted and entangled with other aspects of the legal system. It often requires the help of an expert property legal opinion. These opinions are issued by lawyers who are well-versed in all aspects of property law and. In Aran Law, we have extensive experience working with clients on these types of issues.
Whether you need advice on
- how to sell your home,
- resolve boundary disputes with your neighbor, or
- sign a commercial lease for new business space,
Our qualified lawyer for property legal opinion in Chennai can provide much-needed guidance and ensure that your rights are protected throughout the process.
Sale of Property – Seller’s Right
In the process of buying property, it is important to understand and exercise your rights as a buyer. These rights include a number of protections that ensure that you make informed decisions and purchase the property on terms that are fair and equitable.
For example, you have the right to ask for expert advice from qualified specialists such as real estate agents or property registration lawyers in Chennai. This allows you to make informed decisions about which property is the best fit for your needs and budget. Additionally, your legal rights as a buyer include protection from unfair contract terms or hidden fees. With these safeguards in place, you can be confident in your choice to buy the property and enter into any subsequent contractual obligations with clarity and confidence.
So if you are thinking about buying a house or another type of property, be sure to consult with our property registration lawyers in Chennai who can help you exercise all of your rights as a buyer.
Sale of Property – Buyers’ Right
As an owner of the property, the seller has certain rights when it comes to selling your property. These rights give you some control over the process and ensure that you receive a fair price for your home. One key right is the right to choose who will become the new owner of your property. The buyer must be willing and able to pay a reasonable price for your house, and they must pass any pre-purchase inspections or other requirements.
Additionally, you also have the right to decide how long the selling process will take. While some sellers prefer to move quickly so that they can start living in a new home. Others may want to take their time in order to get maximum value for their property. In either case, these sellers’ rights help to ensure that owners have an equal playing field when it comes to selling their homes. So if you’re thinking of putting your house on the market soon, be sure to remember all of the important rights available to you as a seller.
Most important Things to Know and Legal Opinion for Land Purchase in Chennai
When you are ready to buy a property, the four most important legal aspects you need to consider before making an offer.
· A clear title of the seller with no outstanding liens or encumbrances on the property.
· Registration of Patta in the name of the owner of the property
· No Unpaid Taxes as Property Tax Records
· A clear understanding of the boundaries of the property and
· Any easements or rights of way that may be attached to it.
Once you have reviewed all of the legal aspects of the purchase, you can then move forward with confidence knowing that you are making a sound investment.
Registration of Property in Chennai
Registration fees and stamp duty play a vital role in property ownership. The state government imposes a charge and stamp duty on the property during property registration. These expenses vary from state to state.
If you are about to purchase a property in Tami Nadu, you are on the right page. This article gives you an insight into the property charges in Tamil Nadu.
Stamp Duty in Tamil Nadu for Property Registration in Chennai
Stamp duty is a tax fixed by the State Government for the registration of the property. You are also required to pay a registration fee to have your name registered with the purchase of the property.
Present Stamp Duty and Registration Charges in Tamil Nadu
Registration fees and stamp duty charges in Tamil Nadu are different for different types of property purchases. The list below elaborates on the details.
| Type of Property Deeds | Stamp Duty | Registration Charges |
| Exchange | 7% on the market value of greater value property | 4% on the market value of greater value property |
| Gift | 7% on property market value | 4% on property market value |
| Conveyance/Sale | 7% of property market value | 4% on property market value |
| Mortgage with possession | 4% on the loan value | 1% on loan value (up to ₹ 2 lakhs) |
| Simple mortgage | 1% on loan value (up to ₹ 40,000) | 1% on loan value (up to ₹ 10,000) |
| Sale Agreement | ₹ 20 | 1% on advance money (if possession is allowed, then 1% on total value) |
| Cancellation | ₹ 50 | ₹ 50 |
| Building construction | 1% of consideration specified in the agreement or on construction value, whichever is higher | 1% of consideration specified in the agreement or on construction value, whichever is higher |
| Partition in family | 1% of market value (up to ₹ 25,000 each share) | 1% of market value (up to ₹ 4000 each share) |
| For selling immovable property, general power of attorney (POA) | ₹ 100 | ₹ 10,000 |
| Partition among non-family members | 4% on property market value ( in case of separated shares) | 1% on property market value ( in case of separated shares) |
| For selling immovable property, general POA (power given to a family member) | ₹ 100 | ₹ 1000 |
| For selling movable property for other usages, general POA | ₹ 100 | ₹ 50 |
| For consideration, general POA | 4% of the consideration | 1% of ₹ 10,000 or on consideration, whichever is higher |
| Partnership deed (capital of up to ₹ 500) | ₹ 50 | 1% on capital invested |
| Partnership deed for other cases | ₹ 300 | 1% of capital invested |
To know more about property registration fees in Tamil Nadu, visit Tamil Nadu Registration Department. or consult our Property Registration Lawyers in Chennai to get more information on the stamp duty and procedures of Property Registration.
Stamp Duty and Registration Charges in Tamil Nadu
Stamp duty in Tamil Nadu is based on the property value as per the sale deed or the guideline value whichever is higher.
For example,
- If the sale agreement the value of the property is fixed as ₹60 lakhs
- but the guideline value is ₹50 lakhs,
- then the stamp duty is calculated at ₹ 60 lakhs,
- which is the higher value than the guideline value.
So, the registration fees and stamp duty of the property is calculated as mentioned below.
The purchased value of a land in Chennai, having a guideline value of ₹50 lakhs, then the Guideline Value shall be
| Guideline Value | ₹ 50 lakhs |
| Stamp Duty | 7% of ₹ 50 lakhs = ₹ 3,50,000 |
| Registration Fee | 4% of ₹ 50 lakhs = ₹ 2,00,000 |
| Total Amount | (50,00,000+3,50,000+2,00,000)= ₹ 5,550,000 |
At the heart of any property, the transaction is a variety of legal issues that need to be addressed in order to ensure a smooth and successful process. Whether you are purchasing or selling property, working with a qualified property lawyer can help to minimize legal issues. It will also ensure that your interests are protected throughout the transaction.
Property Legal Opinion and Registration Lawyers in Chennai
As one of the leading property registration lawyers in Chennai, our team at Aran Law Associates has in-depth knowledge of relevant laws and regulations. We have extensive experience working with clients across all stages of the real estate process. We understand each client’s unique needs, and we take pride in offering customized services tailored to our client’s individual requirements. So if you’re looking for professional and experienced guidance from a skilled property lawyer, you can reach us any time so that you can be confident that your real estate transactions will go smoothly from start to finish.
Legal Disclaimer: The information contained in this blog post is for general information and educational purposes only. Nothing contained in this blog post should be construed as legal advice from The Aran Law Firm or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter.
