Founded by smart and energetic leaders, Suganta has helped lakhs of people to sell or buy the property. We have a dedicated group of professionals who work hard to give you the best service.
You can call at our toll free number or mail id which are given on the site. After listening to your problem, we will resolve your problem in the shortest possible time.
We offer our services in all the major cities of India and still expanding our reach rapidly.
At SuGanta.com our main aim is to eliminate brokers from whole rental scene. In order to achieve that we verify each account and activate it after verifying that the user is genuine.
You will be notified about account verification via email and sms.
In such cases PAN card is mandatory in India:-
A home loan calculator helps you know the amount of the EMIs that you will need to pay towards your Home Loan and helps make an informed decision. Calculate Now
If you know the address, you can easily find the estimated value of your home that you like. Property value option estimates by factoring in details such as recent sale price, if any neighboring property sale prices, square footage, lot size, property location, and more.
Vastu Shastra helps us to make our lives better and it will secure from things going wrong. Vastu Shastra can be used for micro as well as for macro level.
Vastu defect severely spoils the business, overall financial status and health as well as.
You can see almost all types of properties at your site such as apartments, plots, villas, flats, etc.
You can provide tax receipts, title deed, original sale deed, etc. to the buyer.
We have listed all types of available properties and you can choose whichever you like. Contact the owner or property agent to make a deal.
It completely depends on the owner or agent. You are advised to make every point clear to avoid any dispute in the future.
To get a property via our site, follow the below written steps:
As soon as you choose the real estate, our executive will call you within 24 hours.
Yes, we have made contracts with all the leading banks and we take care of all the paperwork to get a home loan for you.
You can purchase an unlimited number of properties.
Yes. Usually, stamp duty on gift deed ranges from 5%-12% in all the states. In a few states such as Rajasthan, Haryana and Delhi, concession of 1-2 % is given to the female transferors.
Yes. Usually, stamp duty on gift deed ranges from 5%-12% in all the states. In a few states such as Rajasthan, Haryana and Delhi, concession of 1-2 % is given to the female transferors.
Stamp Duty is a tax paid for legal recognition of the property. It is paid by home buyers. You can claim the tax incentives of up to 1.5 lakh Rs. on stamp duty & registration charges on new property purchase/construction of home. However, these perks are present for only a self-occupied property.
TDS- 1% on the immovable properties exceeding Rs 50 lakhs.
Stamp Duty - Depending on the state & municipal laws
Service Tax- It is central tax that is paid for services offered by developer to you. From 01 April, 2015 onwards, in case apartment price is less than 1 crore Rupees, or has less than 2000 sq ft floor area, service charge is 14% on the car parking & preferential location charges & 3.50% on basic sale amount. In case apartment is worth more than Rs. 1 crore, or has floor area more than 2000 sq ft, service tax levied is 14% on the parking and preferential location charges & 4.2% on basic sale price of flat.
The purchaser needs to pay the following taxes:
The property can be converted from leasehold to freehold in case local laws permit it. Like, properties under the DDA can be converted to freehold by Conveyance Deed but same is not permitted in case the property is possessed/owner by Noida Authority.
The main difference between leasehold property and freehold property lies in the ownership. In leasehold property, ownership remains with concerned local authority or government. Lease period varies between 30 to 99 years. But, it doesn’t prevent individual owner from selling/perform other transactions with property, provided lease deed is registered.
In the case of freehold property, owner of property is legal owner and can sell/lease/rent property as per his wish.
Language of registration document must be the one, which is commonly utilized in your district. According to the Section 19 of Indian Registration Act, Registering Officer/the registrar has power to decline registration of document in case it is presented in language that is not normally used in district unless it is supported with true translation of language in use.
Yes, you can execute the Special Power Of Attorney to make your real estate registered by some other person.
Power of Attorney permits a person to give power to another person to make decisions related to the person's finances, belongings and properties.
There are two kinds of power of attorney. First, 'General Power of Attorney' where property owner confers the 'general' rights. Rights include but are not limited to lease, sub-lease, sell, etc. The second type is 'Special Power of Attorney' where only specific right is given by owner to chosen person.
Registration of property includes required stamping & paying of the registration fees for sale deed & making it recorded at sub-registrar's office of concerned jurisdictional region. If property is bought from developer, getting it registered charges to act of the legal conveyance. If purchased property is a second/third transaction, it involves duly stamped as well as registered transfer deed. These days, property registration procedure is computerized in most of the states.
It refers to registering of documents related to sale, transfer, lease or any other type of disposal of immovable property. Registration is required by law for all sorts of properties under Section 17 of Indian Registrations Act, 1908. Once property is registered legally, it means that the person in whose favor property is registered, is lawful owner of premises and is responsible for it in all respects.
Clear & marketable Title, Encumbrance Certificate, Sale Deed, Occupancy Certificate, latest tax receipts, Possession Certificate and Building Plan Approvals.
PAN Card, New Sale Deed, Photographs.
No Objection Certificate from builder, Sale Deed, Building Plan approvals, NOC from banks, PAN Card, Completion Certificate and Photographs.
Allotment papers of the plot, Building Plan approvals, Transfer Deed (in case of multiple owners), Sale Deed, PAN Card and Photographs.
Yes, FIR is must in the cases where insurance has been claimed for the malicious damages, terrorism, riots, theft, burglary and larceny. In case of a fire incident, you have to submit assessment report that is compiled by fire department too.
Real estate valuation is done by multiplying built up region of property with price of construction per sq feet. It is usual method that is followed by most of the banks.
It changes from bank to bank. Usually, most of the policies cover five years period.
Under the personal possessions, home insurance firms usually cover electronic/electrical gadgets, furniture and jewelry under the personal possessions. However, maximum liability of such items depends on the kind of insurance cover sought or the valuations done by bank.
Home insurance policies cover house structure along with its contents/possessions. Many insurance policies too combine distinct personal insurance features also.
Home insurance is a kind of insurance policy, which covers private residences & protects them from the natural/man-made disasters, unpredictable damages, burglary & theft.
Yes, lending institutions permit you to prepay loan. However, such institutions may charge some early repayment penalties that may vary from 2-3% of the outstanding principal sum.
It completely depends from one bank to another. There are few banks that ask for 1-2 guarantors.
It is usually beneficial to go for home loan since it assists you in availing the tax benefits. However, consult your CA/tax advisor to discuss advantages/disadvantages in your case.
In the majority of cases, property to be bought itself becomes security and is mortgaged to lender until the entire loan is repaid. Several lenders may ask for the additional security like life Fixed Deposit receipts, insurance policies and savings certificates.
Yes, you can sell real estate with consent of banking institution.
In case the purchaser wants to take loan to buy property, process is much easier in case he approaches the same bank. In these situations, bank does not have to release real estate papers to another bank before having the payment.
If buyer wishes to make payment, he can give it to the bank. The property documents will be released only after bank has got entire loan amount.
Yes, a single woman can definitely get a loan. Numerous lending institutions have special schemes for such ladies.
Normally, banking finance institutions pay approximately 75-85% of the cost of property purchased. Remaining 20% of amount is paid up front that is known as down payment.
On average, loans are disbursed within 3 to 15 days after satisfactory & complete documentation & completion of needed procedures.
Yes, you can have benefit on both the loans. However, the total amount that you are going to receive will not exceed rupees 1,50,000 for both homes.
As per Section 80C of the Income Tax Act, you are permitted separate deductions on principal & interest cost of home loan amount, along with entities such as PF, ULIP, ELSS, NSC and PPF. For the principal, you can claim the deduction up to rupees 1.5 lakhs and for interest, it is rupees 2 lakhs. Amount of stamp duty & registration is eligible for the tax deduction.
It is vital to note that tax break can be claimed for a year in which construction is completed.
Home loans are normally accompanied by following extra costs:
In fixed interest rate, interest remains constant throughout loan period irrespective of changes in the market conditions while in floating interest rate, interest can decrease/increase depending on the market fluctuations.
The interest on home loans is normally calculated either on monthly reducing or yearly reducing balance. In some cases, daily reducing method is adopted.
You have to submit the following documents:
Besides other criteria & norms of lending bank, home loan amount is normally calculated as 30 - 65 percent of gross income. You can raise loan amount by including co-applicant.
Following points tells you about the eligibility conditions:
Yes. One can get a pre-approved loan from housing financial institution or bank.
Under Pre-EMI alternative, borrower is needed to pay only interest on loan amount that will be disbursed according to the progress of construction of the project. Actual EMI payment starts after possession of house.
EMI or Equated Monthly Installment is fixed amount paid by you to bank on specific date each month. EMIs are fixed when you get money from the bank as loan. EMI's are utilized to pay interest & principal amount of loan in a way that over a specific number of years, loan amount is repaid to the bank with interest.
Longer tenure you have, lesser will be the EMI but higher would be interest outgo. In the shorter tenures, you pay greater EMI, but loan is repaid faster & you pay low interest.
As the home loans cover big sum, tenure usually varies between 03-30 years.
Home loan is money borrowed from bank or housing finance institution on the interest for purchasing/ making / upgrading residential property.
Some of the types are as follows:
A purchaser can ask for original Title Deed, Sale Deed, relevant tax receipts & Encumbrance Certificate.
Only purchaser (buyer) needs to pay Stamp Duty.
Yes. But process & forms may differ from state to state according to the location of property. Every Indian state has drawn its own forms under rules of registration. Such forms are to be filled & filed at the time of registration of Sale Deed or Transfer Deed.
Under the Income Tax Act and rules for the sale transaction, it is compulsory for purchaser and vendor to present PAN card number and in the event of sale, either vendor &/or purchaser would require to fill Form 60 of Income Tax.
If the purchaser or vendor is a NRI not assessed for any Indian tax, person would not required to file a Form 60 of Income Tax.
Yes. It can be done at the office of the sub-registrar of that concerned district.
Sale of residential real estate can be formalized if vendor has accepted the entire amount, registration of document has been done & possession of property has been given to the purchaser.
You can list properties that are available for resale via enquiry form that is given on the homepage of the Suganta. After registering property, you would get connected with a majority of purchaser without giving any extra charges.
You may get a call back within 10 to 15 minutes of posting your query, but you must have given your details between 9 am & 10 pm. Else, we will reach you next day.
For selling your real estate, you are required to fill enquiry form that is given on the home page of our site.
No tax benefits are present for such buyers unless you file returns & subsequently become eligible to get tax benefits.
Besides the documents mentioned under home loan section for the Indian citizens, NRIs are needed to submit few additional documents too. These include:
Housing loan is required to be paid upfront for the entire loan tenure by way of direct remittances from abroad through normal bank related channels or from other accounts as permitted by RBI. Normally, payments are done via NRE, NRNR, NRO & FCNR accounts. Such accounts transform on the basis of RBI rules.
Home loan that is given to NRIs does not exceed 5 years in big cases. However, few financial institutions give loans for term of 7 years too. The repayment for the loan is done via EMI that usually starts after the entire loan is given. Cases that involve part disbursement, you are required to pay simple interest at the interest rate applicable on the amount given.
It is calculated in the way as it is done for the resident Indians with special emphasis on:
To buy a home that is either under construction, bought from another owner, ready to move in, an NRI is eligible to apply for the loans. Furthermore, NRIs can apply for the loans -
In case of the residential real estates, repatriation of sale proceeds is limited to not more than 02 such real estates, in case property was bought from funds in NRE Account.
Furthermore, the amount sent back out of India should not be more than the amount paid for acquisition of immovable property in foreign exchange received through normal banking channels or from funds held in NRE Account or FCNR.
Yes, the RBI has given permission for property sale. However, where another foreign citizen of Indian origin bought property, funds towards the purchase consideration should be remitted to India or paid out of balances in non-resident accounts maintained with banks in India.
Under general permission available, NRI/PIO may buy residential/commercial real estate in India out of funds remitted to India through normal banking channels or via funds held in his FCNR (B)/NRO/NRE account. No consideration will be given outside of India.
With specific approval from RBI, resident outside India may hold immovable real estate in India acquired via inheritance from person residing outside India, provided owner had acquired this property in accordance with regulations of foreign exchange law in force at the time of acquisition or should be under the FEMA guidelines.
Firstly, you should issue a letter to builder about your grievance. Make sure that all the assurances given by the builder regarding the possession are provided to you in writing on his letterhead and under builder’s seal. If it seems to you that the builder would not be allotting you possession in prescribed time period then you can go to CREDIA for mediation process.
CREDAI-Confederation of Real Estate Developers Association of India is the apex body of all private registered real estate builders and developers in India. CREDAI representing 12,500 developers spread across 21 state level chapters and 205 city level chapters in India. CREDAI has its headquarters at Ansal Bhawan, Kasturba Gandhi Marg, New Delhi- 110001.
CREDIA has established certain norms & standards to be pursued by its members. As a larger part of builders & developers are members of this association, norms established by CREDAI go a long way in creating consistency in the exercises and methods followed by the builders and developers all over in India. For instance, builders & developers who registered themselves as a member of CREDAI are not permitted to charge unreasonable penalties for the late payments made by purchaser. CREDAI also carries out various other roles like resolution of disputes between buyers and builders or developers through mediation. CREDIO also authoritative for representation of its members before the government authorities regarding the matters related to policy, which can affect the business of real estate.
CREDIA on regular basis mediates between the buyers & its member builders/developers. Complaint can be given to CREDIA through online on their portal www.credai.org. As CREDAI has various regional chapters it would be better to lodge your complaint with concerned CREDIA chapter. For instance, disputes related to real estate being arisen in National Capital Territory must be sent to CREDAI-NCR chapter that can be checked online at http://www.credaincr.org/. Filing complaint online is a simple process and replies are immediate.
Once you have filed a complaint online with the CREDAI, you will be given with date when CREDAI will start mediation process in which the case will be taken up. At mediation proceedings, CREDAI will talk about cases of varied builders individually. In case there are many other purchasers who have the same complaint as yours, those complaints will be taken together. Yet you can speak up & make your points in case you want to. Mediation proceedings are informal & do not have strict rules. There will be a mediator from CREDAI and representative from builder/developer at there. Mediator will try & reconcile issue between both the sides till settlement is made. Settlement will be recorded in order right there. The order will be signed by mediator, purchaser and representative of builder. This order in effect has sanctity & force of order of court and if binding on parties such as a contract.
Pinpoint clauses in contracts, which you have signed with builder & bank to make sure that the merits of your case are effortlessly brought out & understood by mediator. Read all documents carefully. Terms in buyer's agreement, tripartite agreements with the banks, letter of allotment, etc. are important to case as disputes are resolved on the basis of provisions of these documents. Representations made to the purchasers in brochure can too be used to lend grounds to the case. Representations made to you verbally by builder/developer may seldom be relied upon & it is your duty to make sure that such communications must be written. Engaging advocate will go a long way in assisting you prepare case.
As an unwritten rule, CREDAI will refuse to mediate dispute in case you have approached courts. That is why it will be best to first approach the CREDIA to resolve dispute & exhaust the remedy. In case mediations are unsuccessful. you can approach courts.
In case, outcome of mediation proceeding is not in your favor, you can engage advocate to file a consumer complaint. Civil case too can be filed in district courts however consumer forums are better option in these cases since they see many disputes between builders & buyers and take shorter time to conclude the proceedings. Procedural needs in consumer court are too simplified when compared to the ordinary courts.
You may approach consumer courts by filing consumer complaints. Before you file a consumer complaint, you are required to send notice to builder informing him of lapse on builder's part & of your intention to go to consumer court.
Consumer courts can give you several reliefs encompassing monetary compensation for loss. Consumer courts can order builder to give you an equivalent real estate instead of compensation.
Consumer courts normally need builder to return amounts deposited by purchaser with up to 18 percent interest on amounts calculated annually from the date on which amounts were deposited with builder. Consumer courts can additionally order for the legal fees & charges expended by you in court to be paid by the builder.
You can go to consumer courts against builder who is delaying the possession, give you a substandard construction, unilaterally hiking rate per square feet of built up region or reducing built up area, or doing anything which runs contrary to the terms of the letter of allotment or flat buyer's agreement.