There are several charges that go into making the total cost of an apartment. From parking space charges to club membership costs, here is more. We have compiled a list of the general hidden cost of buying a home, flat or apartment.One must be aware that there are several hidden...
The government levies a compulsory tax on the transfer of rights in a property, known as ‘stamp duty’. We examine how it is calculated and ways to save money on this tax amountThe government levies a tax when there is a transaction of property (i.e., when a property changes hands,...
As the law allows a person to own multiple homes and avail of multiple home loans, we look at the implications on tax exemptions on the home loan for the second houseThere is no restriction on the number of properties you can own. Similarly, there is no restriction on the...
A gift of a property that is valid and accepted by a donee, cannot be revoked by the donor, except under certain special circumstances. We look at the cases where revocation is possibleWith many children opting to migrate out of India for employment and the gradual disappearance of the joint...
While a gift of house property does not involve monetary consideration, it needs to be registered and taxes should be paid in certain casesGifting is an act, through which a person voluntarily transfers certain rights in an asset to another person, without any consideration. Gifting of house property has a...
There is no denying the fact that home buying is emotionally gratifying. In fact, we will not be exaggerating if we said that more than often, the purchase decision is emotional than rational. Many a time, we are so moved by the rush of these emotions that we enter the...
(Shutterstock)Are you all set to put your home on the market for sale? You need to dress up the property to make it look appealing to potential homebuyers. While you are staging your home for upcoming visits by buyers, here are some commonly made mistakes you must avoid.