Legal Terms and Matters Archive

Marketable Title of Property and Derivation of Title for 30 Years 

marketable title, derivation, title, 30 years, limitation period, Immovable property, title deed, bank, loan, security, undisputable right, minor, government right, Evidence act, oral partition
Banks accept immovable properties such as land, land with building and apartment with marketable title as security for the loans and other credit facilities sanctioned to various borrowers. Securities are insisted to ensure that the banks recover
31 Jan 17 Author CategoryLegal Terms and Matters No Comment Read More

Matters to be considered while purchasing land or house

Purchase of house, land, property transaction, reputation, Encumbrance Certificate, debt, other charges, documentation, margin, insurance , neighbors, water, electricity, connection
We have seen the process involved in ensuring the legal title of a seller in the article  How Do We Ascertain The Clear Title Of The Seller Of A Property? There are certain other precautions to be
26 Jan 17 Author CategoryLegal Terms and Matters No Comment Read More

Stamp Duty and Stamping of Documents

Stamp duty, stamping, Franking, document, Indian Stamp Act, enforceable, Adhesive, Impressed Stamp, Revenue Stamp, Embossed Stamps, E-stamping, stamping document
What is stamp duty? Stamp duty is a tax levied by governments for legal recognition of documents. Stamp duty is a source of revenue for the government. Section 3 of the Indian Stamp Act, 1899 stipulates payment
3 Jan 17 Author CategoryBanking Terms, Legal Terms and Matters No Comment Read More

Purchase of a property: How do we ascertain the clear title of the seller?

Property purchase, clear title, original title deed, prior deed, possession certificate, tax receipt, encumbrance certificate, visit, approved plan,
A house/flat in own name is the most cherished dream for majority of Indian families. Owning a house is a celebration. There are many laws that protect the rights of the purchaser of a property. Even then,
31 Jan 16 Author CategoryLegal Terms and Matters No Comment Read More