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The Regality Has a New Name – APR Praveens Grandio Project
Project
14 Oct 2020 | 72 Views
The Regality Has a New Name – APR Praveens Grandio Project
Ever envisioned the ultimate bliss of living in a place that looks like a heaven sent gift of classic royalty?  Well, now this heaven sent gift is actually the sheer hard work, exemplary artistic genius of the architectural wizardry that makes you truly cherish every day of your life and rejoice the pleasures of living more.  Praveens Grandio is a sculpted inspiration from classic, elegant and splendid regality. It is a hallmark of 433 magnificent villas combined with a prime land spread across 30 acres. It's an alluring structure that beautifully blends luxury, comfort and serendipity.  APR Praveen Grandio, premier residential VILLA PROJECT located at Patancheru, Hyderabad is a live definition of grandeur of living. Major key attractions of this project:  30 acres of spacious, grand villas Proximity to ORR and NH9  Green surroundings, Lush landscapes and serene garden area Supermarkets and proximity to schools, hospitals, colleges etc.  APR Praveens Grandio villas perfectly exemplifies the marvelous standards of living while amplifying the joy of living to the point that for you it becomes the unparalleled embodiment of heaven. And why not, heaven is exactly where the home is if you live here and this emotion of serenity and immense bliss of living is what you are made to experience and cherish every single moment of your life.  When it comes to offering most sought after yet modern and exotic amenities, APR leaves absolutely no stones unturned. Take a quick and relaxing dip in the cleanest swimming pool or rejuvenate yourself every morning and evening at special yoga and meditation space or get sporty at table tennis, badminton or basketball court. There's absolutely no dearth of amusement and recreational activities here to cherish moments of your life with the special multi-purpose hall, clubhouse, indoor games etc. Apart from that, APR has fully equipped with round the clock security system and personnel, power backup, effective sanitation and water management, supermarket etc. Everything is so in the vicinity that you don't need to step out farther in search of every little thing which in turn clearly magnifies the comfort, convenience and luxury of the residents.  Undoubtedly, APR Praveens Grandio villa is what you need to enjoy all the gracious pleasures that life is meant for at one place. If you're looking for a dream home, then this can be the ultimate destination of your definition of dream homes.

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TS TRANSCO 132 KV  Underground Cable work is in progress at Hitech City
Area
03 Mar 2020 | 1317 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 | 185K 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

Important News Articles

Telangana Government Implemented New Revenue Act in Assembly
Real Estate
10 Sep 2020 | 1729 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