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How can I sell my land plot in India?
To sell plot online, my advice to you is to either list your property online on real estate websites, spread the word around or contact a broker. You can ask your neighbours to keep an eye for any buyers, similarly, a broker will get buyers for your land but they charge a certain percentage of the sale amount.
What is the procedure to sell a plot?
Steps involved in the Sale of a Property
- Deciding to sell and choosing an agent.
- Determining the selling price and property inclusions come next.
- Agreement with your agent.
- Prepare the Vendor’s Statement for your property and the Contract of Sale through your solicitor or conveyancer.
How can I sell my residential land in India?
The process of selling a property owned by an NRI in India is as follows:
- Hire a brokerage company to conduct a comprehensive valuation of the property and determine its value.
- Carry out all the necessary paperwork related to the sale of the property.
- Understand the tax liabilities.
Where can I get legal documents for sale of property in India?
There are document writers available nearby every zonal registration offices in India. They might charge a commission for preparing the document. Tax is applied on the property. For more details you can visit Tax on Sale of Property in India:- Guide to All Taxes A photograph of the buyer and seller is attached to the legal document.
How to sell your land for sale?
Be sure to play to the strengths of your land. Make the pros of your land shine. For example, if you have a beautiful lake on your property, make sure all potential buyers know this and highlight the rarity of this. Make sure your property is looking its best before listing it for sale.
How to transfer land from seller to buyer in Tamil Nadu?
This link is for Chennai zone, Tamilnadu. Once the price is agreed the seller then prepares a legal document to transfer the land / property to the buyer. This has to be witnessed by 2 parties (signature on the document) during registration. There are document writers available nearby every zonal registration offices in India.
What are the tax implications of selling property in India?
NRI’s guide to selling property in India. While in most cases, a person who qualifies under one would qualify under the other, it is better to review both definitions. If you sell the property after 3 years from the date of purchase, you will be liable for long term capital gains tax of 20 per cent.