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Hyderabad Gated Communities to connect Mygate App for Secured Living
Real Estate
01 Oct 2020 | 7 Views
Hyderabad Gated Communities to connect Mygate App for Secured Living
MyGate plans to extend operations toward a total of 25,000 gated communities and three million households by the end of December with technology-based security and group management apps. The Company is looking to be involved in 2200 fully gated apartments in Hyderabad alone because of its existing presence in 1500 houses in the city. The app currently has an aggregate presence in 13,000 gated communities and two million households. The app supports gated communities by providing visitors with information and a community interactive notice board to protect the safety of their residents. The organisation has seen an increasing need for apps such as residents and Resident Welfare Associations (RWAs) want to pay attention to the people who visit their group in the post-COVID scenario. They made many technical integrations to allow for smooth movement of people and added many new features. Mygate App Features The technology-based security app facilities include allowing COVID-related check and providing direct assistance for emergency medical transportation, as well as collaborating with various stakeholders, such as the ambulance service provider Stan Plus in Hyderabad and Bengaluru. In June, July and August, the application decided to adapt an average of 1,500 gated communities per month. It is expected that for September it will be completed with the addition of 1,500-1,700 gated communities and intend to achieve the 25,000 marks by December.  There are more than 10,000 gated community houses in the city and that the product in the capital is increasing its adoption more and more. By the completion of this year, it is expected to be active in 2,200 gated communities. By: Shailaja K

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Government Moves to Set Flat Undivided Land Share in Residential Apartments
Real Estate
24 Sep 2020 | 57 Views
Govt Move to Set Flat Undivided Land Share in Residential Apartments
Dharani website of the Telangana Government Revenue Department will be provided with the land information according to survey numbers. The plots and flats details are also uploaded according to the sales deeds and survey numbers. Therefore as per the survey number of the revenue records flatwise undivided land share information must be organized. Flat owner Associations Instructions New Revenue act suggests the flat owner associations to maintain the below-detailed information on their undivided land share in Residential Apartments and Buildings. To maintain land ownership documents, building permissions, approach road details, fire safety clearance, ULC and other link documents of the Apartment building.  Flat association to possess a building plan on the land plot in the Govt revenue survey map, with all UTM (latitude and longitude by using any GPS App) coordinates and an exact area. Apartment land statements as per survey number wise.   Unauthorized property data, developed by a builder or owned by others but not approved by Government, must be recorded in a separate statement. Statement of undivided land area with flatwise for the Government approved Flats and another statement for unauthorized flats. To file a statement of the building's total lands, the total allocation of flats in undivided land share and the balance land shares which were available on the name of the original landowners.  Maintain the records of surplus land which is still available with the original landowners or some land has been sold to other persons or agencies by landowners those who don't hold flat ownership in the building.  Flat associations will have to take up the land record issues and settle them in the future, with the original landlords they have to claim surplus land, in accordance with the TS Apartment Act. Maintain the common areas such as clubhouses, halls, rooms information and the relevant ownership to be with Flats association.  Flat partnerships to keep the building's property tax information at flatwise. If no property tax is paid to any apartment, it recommends to apply for tax and pay quickly. The Government would make the flats association be the single point of responsibility in maintaining the building  in good condition With following the Government revenue act and website, flat associations are suggested to review and update their building land details and its ownership to avoid difficulty in selling their undivided land share flats. By: Shailaja K

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Tripuras Green Alpha - Taking You Closer to Nature
Project
23 Sep 2020 | 76 Views
Tripura’s Green Alpha - Taking You Closer to Nature
We all have many deeply cherished dreams and expectations when it comes to our dream places and homes. Home for everyone has been and will forever be the grandest, significant, and most precious dreams to be coming true. When you try to visualize your dream space, it always begins or ends at creating a wholesome space full of positivity, joy and warmth, and nature's bounty and serenity. The place is not just a house but a home for your heart, family, and soul.  That's why we can't wait to introduce the premium housing Concept Green Alpha by Tripura constructions, which might be the replica of your DREAM home or somewhat closer to it. Yes, Tripura constructions have introduced one of its kind of first-ever high-rise gated communities with green buildings. A premium vertical forest township at Tellapur, Hyderabad. Vertical forest themed township is an HMDA Approved Project that boasts vibrant community apartments adorned with a great green belt.  It also offers an elegant, designer landscape, fully loaded clubhouse, solar fencing, and a rainwater harvesting system with a magnificent entrance. There's a lot of attention and concern being given to every little thing which makes your stay here enormously comfortable and peaceful. This township has everything for everyone, and you can't be more amused and enjoy a luxurious lifestyle where everything is in your vicinity.  However, its main attraction is the serene and lush greenery that abounds, which is sure to make your living here pristine and tranquil at its best. Enjoy the lush vegetation that has this refreshing impact on your senses. The fantastic green curtain of grass tends to regulate excessive humidity, produces oxygen and absorbs Co2, and filters the air around you.  The other key benefits of this vertical garden Concept are:  Maintains thermal comfort Improves the air quality Well Defined outdoor living areas Regenerating urban biodiversity Improves temperature, as well as benefits your overall wellness and mental health.  This whole township is an exemplary combination of design, technology, and nature that can genuinely add to your lifestyle. Simultaneously, you can have a refuge in the lap of nature and reap thousands of incredible benefits whenever you want. So, what are you waiting for? Add more meaning to the way you have been living so far. Own your home and beautify your life! Let nature be your guard, and greenery be the solace that you have been seeking somewhere else. As they say, there's no heaven better than your own home! 

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TS TRANSCO 132 KV  Underground Cable work is in progress at Hitech City
Area
03 Mar 2020 | 1239 Views
TS TRANSCO 132 KV Underground Cablework is in Progress at Hitech City
Hitech City is located in the Western Zone of Hyderabad and is a decent area with developed infrastructure facilities. This area is a hotspot for leading IT offices such as TCS Deccan Park, Dell Campus, Infosys Campus, etc. The demand for residential space is high in this area due to comfortable commuting facilities to IT hubs. Many people, especially working professionals, want to settle here for comfortable commuting to home and office.  Hitech City Real Estate  Hitech City area is well-connected to many prestigious schools, banks, and hospitals and an excellent network of railways and roadways. The nearby localities include Madhapur, Gachibowli, Kondapur, Whitefield, Kothaguda, and Jubilee Hills. The area has a total of 1109 residential apartment units for sale with excellent facilities.  The average price of a flat in Hitech City ranges between Rs 5000 to Rs 8500 per square feet. Many reputed builders launching new apartments in Hitech City with modern amenities include swimming pool, car parking, clubhouse, jogging track, CCTV surveillance, power backup, indoor games, green landscaping, and so on for comfortable stay of residents.  Latest Infrastructure Development in Hitech City Hitech City is observing a lot of popularity for its incredible residential infrastructural growth. To regulate power supply, a new 132 KV TS Transco underground cable work is in progress near in Hitech City area. This facility adds more value for the locality, for a convenient stay of its residents. This new development helps to transform the high voltage to low also helps to reduce power losses. The demand for residential space, developing infrastructure, and the rise in the price of properties helps you to get an excellent return on investment.  Do you dream of buying a flat in Hitech City? Our team helps to make your property search a hassle-free experience. With our huge real estate database, you can find an ideal home in the Hitech City area and lead a comfortable lifestyle. By: Shailaja K

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Stamp Duty And Property Registration Charges In AP Updated
Real Estate
27 Dec 2018 | 171K Views
Stamp Duty And Property Registration Charges In AP
Andhra Pradesh Property Registration Process The property registration is mandatory in India as per the Indian Registration Act, 1908. The transfer of property is to be registered to obtain the rights of the property on the execution date of the deed. And accordingly, the House Registration Charges in AP will be levied. Let us look at the process of property AP Registration. Updated Information - (August 14, 2020) The Government of Andhra Pradesh has enhanced the stamp duty on the registration of property effective from 11th August. In order to amend the market value, the AP Government has formed committees under a joint collector for each district. The categories were divided on the basis of a Municipal Corporation/Municipality, Major Gram Panchayat, Small Gram Panchayat. The market value for agricultural land is calculated in acres and residential properties in square yards. According to the amendment, the stamp duty is 5%, the registration fee is 1%, the transfer fee is 1.5% of the market value. On the issuance of gifts to family members, stamp duty is 2 percent, Rs 1000 to Rs 10000 fee, and the transfer charge is imposed. For the registration of family settlement, 2% stamp duty and registration fee can be paid. There is no transfer fee in respect of this category. What are the Documents Required for AP Property Registration? Passport-size photo of property buyer and seller Photo identification (Voter Card, Aadhar Card, Passport, etc.) Verified copy of the original sale deed. Copy of the latest property register card (to be obtained from the City Survey Department). Copy of Municipal Tax bill. Stamp Duty in Andhra Pradesh The stamp duty is the percentage of the transaction value levied by the state government, on every registered sale. Does Property Registration Benefits? Registration of property helps for proper recording of documents which provide more authenticity. To ensure the prevention of fraud, conservation of evidence, the transfer of title to the owner. By registering property, the document will maintain an up to date public record. Stamp Duty Stamp Duty is collected during the transfer of property from one person to another. The state government collects the amount and is governed under the Indian Stamp Act 1922. The State government collects stamp duty, and it varies from one state to another. The payment of stamp duty includes stamp duty, transfer duty fee, and AP land registration charges. It is calculated on the market value of the property. Stamp Duty Payment Process If you buy a property, then registration of the new property is mandatory. Also, you have to pay stamps and registration charges in AP. With the AP Registration and payment of fees, you will become the owner of your property legally. This document helps in any future unexpected property disputes. You will also have a duplicate copy of your sale or transfer deed in Sub-Registrar’s office. It will help in the case if you lose your original documents. Types of Charges Sale Deed Gift Deed Exchange Deed Partition Deed Lease Deed (where the period of lease is more than 12 months) Transfer Deed Mortgage Deed Power of Attorney (General or Special) Calculation of the Stamp Duty Charges Differs Based on Below Features: Property location:  A property located in an urban area attracts more stamp duty compared to rural areas. Property type: Lower stamp duty is charged for a residential property (flat/apartment) compared to a commercial property (industries/ commercial complex/ hotels). Age of the property: A new property has more stamp duty than older/resale properties. Gender of buyers: A female buyer can get a rebate on the stamp duty charges. Age of buyer: A senior citizen can also get a rebate on the stamp duty charges. Updated Information: Property Registration Charges in Andhra Pradesh in 2019: The state government fixes stamp duty. For example, in Andhra Pradesh, the base Andhra Pradesh Stamp Duty rate of apartment/ flat is 5%, transfer duty is 1.5%, and the registration fee is 0.5 %. Stamp Duty fee is imposed on the absolute estimation of the property. To know further details on AP land registration charges and stamp duty, go through the Andhra Pradesh State government official website.http://registration.ap.gov.in/ Property Stamps and Registration charges in Andhra Pradesh in  2018.          Type of Fee    Registration Rates     Stamp Duty Rates Transfer Duty Charges  Sale                 1%                 5%            1.50%  Gift (Gift Within The Family)                 0.5%                  2%               0  Exchange               0.5%                  5%             1.50%  Partition                 1000                  2%               0  Release                 1000                  3%              0  Agreement Of Sale Cum General Power Of Attorney                     0                 0              0 How to Calculate the Stamp Duty and Registration Charges? The stamps and registration AP charges are calculated using the formula given below: Where property value is (Higher of Ready Reckoner Rate or Actual Transaction Value) Ready Reckoner Rate/Circle Rate means, it is the minimum value of the property that is fixed by the state government. And, stamp duty is calculated as the higher of ready reckoner rate or actual transaction value. Many property transactions in India take place by the market rate in a particular locality. The stamp duty and registration fees are paid by the buyer are calculated from the market rate. In rare cases, where the RRR is higher, the stamps and registration fees in Andhra Pradesh will be calculated on the RR rate. For Example: Assume, the property value in a particular area has RRR (Ready Reckoner Rate) of Rs.5000 per sq.ft. However, if the market price of the property is Rs. 6000 per sq.ft, the buyer has to pay stamp duty and AP land registration charges on Rs.6000 per sq.ft, as it is higher. Let you know in brief about the charges with the below example. Example: If the Ready Reckoner Rate is Rs 70,00,000 and the Actual Transaction Value is Rs 80,00,000 then stamp duty @5% is calculated as Stamp Duty = 5% of (Higher of Ready Reckoner Rate or Actual Transaction Value)  (i.e.) 5% of (Higher of Rs 70 lakhs or Rs 80 lakhs) 80, 00,000*5/100 = 4 lakhs Registration charge =1% of (Higher of Ready Reckoner Rate or Actual Transaction Value) (i.e.) 1% of (Higher of Rs 70 lakhs or Rs 80 lakhs) 8000000*1.0/100 = 80,000 Transfer duty =1.5% of (Higher of Ready Reckoner Rate or Actual Transaction Value) (i.e.) 1.5% of (Higher of Rs 70 lakhs or Rs 80 lakhs) 8000000*1.5/100 = 1, 20,000 Therefore, the amount of the stamps and registration charges in Andhra Pradesh  is 6,00,000 Stamp Duty = Rs 4,00,000 Registration Charge = Rs 80,000 Transfer Duty = Rs 1, 20,000 Total Registration Cost = 4,00,000+80,000+1,20,000 = 6, 00,000 Do you plan to buy a property in Andhra Pradesh, it is essential to know about the AP land registration documents online process and charges involved in transactions. Property registration is one of the crucial parts of property transactions. Look at the below details to know detailed information on stamp duty and registration charges and process in Andhra Pradesh. The Indian Registration Act 1908 in section 17 all transactions related to the transactions every property should be registered within six months of the sale deed in the Registrar’s Office. The advantage of the property registration in Registrar’s Office is it helps to preserve the title of ownership and future disputes. Also, if any conflicts or misleading of property happens, it is used as a proof for your property. You can register your property by paying stamp duty and registration charges of Stamps and Registration AP. This stamp duty and registration charges are vary based on the area of the property located. In the process of property registration AP, you have to pay the fee includes registration charges, transfer duty, and stamp duty. These charges are paid as per the provisions of the state Gram Panchayats Act 1964 and Andhra Pradesh Municipalities Act, 1965. How much is stamp duty paid in case of “gift settlement deed” in Andhra Pradesh? In case of any exchange, Andhra Pradesh stamp duty rate is 5%, transfer duty is 1.5%, and the Gift Deed Charges in Andhra Pradesh is 0.5% minimum is Rs 1000 and maximum is Rs 10000 of the higher of the market value of the apartment or flat. Pay stamp duty and registration charges in agreements of transfer: Deeds like Sale, gift, exchange, partition, lease where the period of lease is more than 12 months, right transfer document, mortgage, and power of attorney. Therefore, you should pay Stamp Duty Charges and Gift Deed Registration Charges In Andhra Pradesh for resale property or gifting an apartment or flat to relatives. Payment Procedure of Stamp Duty Charges and registration fee in Andhra Pradesh: Stamp Duty Charges and registration fee in Andhra Pradesh payment is explained below points: First, you have to fill the application form available on the website of the Registration and stamp department. In this, you have to fill in the details of your property which are registered at the Sub-Registrar Office. This process will reduce your time that will be taken in the office of Sub-Registrar. Submit these details in the required format online. So, the applications can be processed without any delay. Also, the whole process is available online. The Sub-Registrar Officer add the details in the system to create accurate encumbrances. The application has the below information: Type of deed (Sale Deed or Sale agreement, etc.). Buyer and seller full details Details of the property. Property Boundaries. Apartment or Flat Structure. The market value of the property. The final value of property charges. Stamp duty payment charges. After the payment of these Charges, you can book a slot for registering the document at the Sub-Registrar Office at your required time. Later you have to go to the Sub-Registrar Office according to the booked time slot for document presentation. to fill the pre-registration application form, scheduling a time slot, and pay stamp duty is presented clearly in the following points Submit the below AP Land Registration Documents Online at Sub-Registrar office: The original document with the signs of all parties. Demand Draft which has full payment of stamp duty, transfer duty (if any), registration fees, and charges of the user. Buyer photo form of the seller and witnesses as per the Section 32A witnesses who can identify the parties and their identity. Buyer and seller address proofs.  At the sub-registrar office, you can submit any one of the identity proofs like: Aadhaar card Passport Driver’s license PAN Card Ration card Voter ID A photograph of the property Original General Power of Attorney or a Special Power of Attorney with a photocopy Copy of Link AP Land Registration Documents Online. Agricultural properties Web land copy. Copy of Original Pattadar passbooks and title deeds  Verified documents, the challan of actual fee, and e-KYC completion, documents of sub-registrar. You can follow the same procedure for registering your flat/apartment as well. Visit www.propertyadviser.in to know about trending properties for sale in Hyderabad. We guide you with accurate property information such as project construction photos, latest offers, available units, facings, builder info for a better understanding of the project. Our 100% verified property information helps you in decision making. Stamp Duty And Property Registration Charges In AP [Updated] Click To Tweet   By: Shailaja K

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Telangana Government Implemented New Revenue Act in Assembly
Real Estate
10 Sep 2020 | 1425 Views
Telangana Government Implemented New Revenue Act in Assembly
With a big step towards the implementation of the New Tax Act to revamp the Telangana Revenue structure, the Chief Minister K Chandrasekhar Rao on Wednesday 9th Sept 2020 introduced the new Revenue Bill, which he calls Telangana Rights in Lands and Pattadar Transfer Books Bill 2020. The Government stated that the purpose of the new Act is to provide people with transparency and corruption-free land services and property documents. It will make land transactions transparent and ensure that no official work is carried out about corruption. The new act's ultimate strategy is to pursue revolutionary reforms in land administration. Key Points of Proposed New Revenue Act  The newly created Dharani portal will digitise and survey every inch of the property so that one person is not able to encroach the lands of others. All lands or property details will be accessible online and will also avoid illegal transactions. The multiple servers at many locations will be developed as part of a backup mechanism and disaster management technologies for the stability and security of the Dharani portal.  The new law abolished the discretionary power of the officers to register the land and property.  A total of 590 tehsildars will act as joint registrars in the state and also concurrently register and mutate agricultural land.   The existing 141 sub-registrars will register and convert non-agricultural land. The whole registration process is digitally carried out, the entire registration process will be completed within an hour of uploading documentation and updated in real-time. The certificates such as encumbrance certificates, income certificates or caste certificates can be downloaded directly from the portal.  To avoid conflict when deciding on legal heirs of properties, the Government also planned the incorporation of family tree information in portals from each household.  Now there will be no revenue courts and that all tehsildar magisterial authorities, revenue division officers, and collectors are withdrawn to deal with the land disputes. If there is some conflict over any property, people have to go to civil courts and will be settled by fast-track tribunals. The new revenue act in Telangana will help in eliminating corruption and provide hassle-free service to farmers and general people. By: Shailaja K