Usefull informations by The Realty Guru, Noida

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Information about Usefull informations by The Realty Guru, Noida
Real Estate

Published on July 22, 2014

Author: TheRealtyGuru1

Source: slideshare.net

1. Welcome to The Realty Guru Property is one of the excellent areas of investment, paying you much more than what you invest. This has led enhancement of the investment interest, and inspired investors to look for lucrative investment avenues in new emerging townships and cities such as NOIDA and Greater NOIDA. Inspired by this fact, we at, ‘The Reality Guru’ a reputed key player in the Real Estate Sector spread our business operations in entire Northern India specially focussing NCR region. Our team do consist, the members having vast experience of more than 26 year as a Property Dealer , we have assisted many to materialise their dream of homes, perfect office space or any other type of Real Estate Property. We have excellent and impressive presence in the field of consultancy, property listing, property valuation or Buying, selling residential property, our services are aiming at the best and most profitable deal for the client with a great deal of satisfaction in converting their oasis into a reality. Our well experienced team backed by the expert is our strength which ensures complete customer satisfaction. Our radical approach has revolutionized the concept of Real Estate Mediation and in this pursuit wining the hearts of so many. 2. Real Estate Market in Noida Noida and Greater Noida have become first choice of the investors resulting a profitable investment hub for the people this country but all over the world. The growth of value of real estate gone upto 200% in few months. Noida has emerged as well planned and developed in all respect be it infrastructure or civic amenities. With property prices escalating at a rapid pace in Delhi, buyers now turn towards Noida for buying property. The city has a well-built infrastructure and its closeness to Delhi has made it an ideal destination for all the property investments. The city has been drawing the attention of people from all over the world.With the onset of Delhi Metro and Delhi-Noida expressway, the ride from Delhi to Noida and vice versa has been a smooth one. The city is also equipped with all the major lifestyle amenities. With the rise in number of educational institutions and shopping malls, Noida has become the preferred destination for all the real estate investments. Majority of the IT firms, MNC’s and BPO’s have established their base in the city. Obviously, it has led to ample job opportunities, which has led to a spurt in number of people settling in this city. The increasing demand of industrial and commercial property in Noida has also triggered the demand of lands and plots in Noida. In fact, real estate development in Noida has totally been given a new dimension. The property market in Noida has seen rapid upward rise. With the increasing demand of property, the property rate in Noida is also skyrocketing. So, if you are planning to invest in the property of Noida, then it is the right time. We, at The Realty Guru are here to make this task simpler and convenient for you. We assist our clients to buy and sell property in Noida. Our sole intention is to provide the best real estate solutions to the clients that too within the stipulated time-frame and at cost-effective prices. 3. Company Profile The Realty Guru having Trust of many years in Noida then known to be Shiv Properties The company has been flourishing under the prudent management of our esteemed CEO, Mr. Sachin Singh. Under his expert leadership, we have been successful in delivering services that are unique and innovative. As a full time property realator in Delhi/NCR, we assist you to buy, sell and rent house in Ghaziabad. Our core expertise also lies in guiding the clients for lands and plots in India. If you are on a search for a residential house in Greater Noida, then we are a full stop to your search. Besides, we offer the following services to the clients :  Real Estate Consultancy Services  Construction & Renovation Services  Architectural Services

 Vastu Consultancy Services  Housing Loan & Insurance Services  Property Legal Advisor Services  Building Material Services Why Our Services?  We are driven by highly professional workforce to make property transaction easier and convenient for you. Further, they help you take the real estate investment decision.  We have catered to all the specific needs of the clients in the past with an excellent track record.  Our sole intention is to build long term relationship with the clients and go an extra mile to surpass all their expectations. Accuracy, transparency and fairness are the basic foundations of all our dealings done with the clients. 4. Government Schemes Government schemes of Noida and Greater Noida keep coming for the people from time to time. You may get benefitted from this schemes if you are well within the eligibility criteria. Please keep checking such notifications on www.noidaauthorityonline.com and for Greater Noida http://www.greaternoidaauthority.in .and Yamuna express authority http://www.yamunaexpresswayauthority.com Residential Plots in NOIDA 1. At present no scheme is open for Residential plots. except Villagers scheme. 2. Equitable mortgage and permission for collateral security is granted on the following conditions:- 1. Update plot premium and due amount of lease rent and interest etc. has been paid by the allottee. 2. The allottee is required to submit bank draft/pay order of Rs 1000/- infavour of Noida towards processing fees. 3. Where extention time has been expired, and occupancy certificate has not been issued, in that case the allottee is required to pay uptodate extention charges. 4. The first charge on the property would be of Noida against all dues of Noida. 5. Sanction letter of concerned bank and an affidavit on non judicial stemp paper of Rs 10/- duly notarized stating that there is no unauthorized construction and commercial activities on the plot are also required to be submitted by the allottee. 6. Where construction has not been done by the allottee in that case the allottee is required to submit an affidavit to this effect that the allottee will construct the house as per approved layout plan. In case the allottee violated the terms and conditions of the approved layout plan, the cancellation of lease deed will be done without any notice for which the allottee will have no objection is this regard. 3. Transfer of residential plot. An individual is allowed to acquire more than one residential plot/flat/house from open market and get it transferred in his/her name or in the name of his/her spouse or dependent children, even if he/she has been allotted a plot/flat/house by NOIDA through a scheme. The following condition shall be applicable for permitting transfer of a residential plot:- 1. The case where cancellation has been affected are not eligible for transfer 2. Pre-possession case are not transferable 3. Only bonafide lessees are eligible to transfer the plot.

4. Application form for transfer can be had from the Vijaya Bank, Sector 6/19, Noida on payment of Rs 100/- this transfer application form is valid for 6 Months. 5. The transfer application form should be duly filled-in alongwith the NOC’s of Residential Area Accounts & PE (JAL), NOIDA. In case the house is constructed on plot, the allottee is required to submit a photocopy of occupancy certificate otherwise he is required to pay the extension charges according to lease deed. In case of plot being transferred, has been allotted through the cooperative housing society, NOC of the respective cooperative housing society shall also be required. 6. The allottee is required to submit Lease Deed/Transfer Deed, Allotment Letter and possession certificate in original. The transferor and transfree shall have to present before Officer on Special Duty(Residential Plot, Sector 6, Noida) at the time of submission of transfer application 7. Transfer application should be accompanied with a bank draft of Rs. 1,000/- towards processing fee in favour of NOIDA payable at Delhi/NOIDA/New Delhi. 8. Signatures of Transferor(s)/Transferee(s) must be attested by the Banker(s) on the application form itself. In case of companies, resolution of Board of Directors authorising the signatory for moving the transfer application should also be submitted with application form alongwith passport size latest photograph duly attested by Banker/Gazetted Officer for both Transferor(s) and Transferee(s). 9. Both transferor and transferee must be competent to contract on the date of transfer application 10. The prevailing sector-wise allotment/transfer charges rates of residential plots are as under, which may be revised at anytime without prior notice. 11. Transferor and Transferee should jointly satisfy themselves about the overdues/dues position from the Accounts Department of NOIDA. 12. Once transfer is approved, all the liabilities of the transferor till the date of transfer memorandum would pass on to transferee. The transfer charges can be deposited either by the transferor or transferee. 13. Transferee would be required to clear up to date outstanding dues of NOIDA before the transfer request. 14. Lease rent at the time of issue of transfer memorandum would be revised @ 1% of the premium calculated at the rate of allotment applicable at the time of transfer memorandum, subject to revision after every 10 years. In case one time lease rent is already paid then lease rent is not payable. 15. In case of transfer of rights of the minor(s), orders of the District Judge are required regarding protection of interest of minors. 16. Occupancy certificate of plot should have been issued or valid extension of time for construction should have been approved at the time of transfer. After transfer of plot, further extension of time for construction will be granted at 4% of prevailing sector rate. 17. Transfer charges once deposited will not be refunded, however, in case, transfer does not materialize due to dispute between the parties, or withdrawal of transfer application by the transferor with the consent of transferee(s) then 10% transfer charges shall be deducted and the balance amount would be refunded. 18. The transfer deed shall also be required to be executed within 60 days from the date of issue of transfer memorandum between the Transferor & the Transferee. On receipt of certified copy of transfer deed registered with Sub-Registrar, NOIDA, a certificate confirming acceptance of the transfer deed shall be issued as a proof of the plot have been mutated in favour of the transferee. In addition to sector rate, following location charges are also applicable; 1. For corner plot : 5% of the premium. 2. For plot facing park/green belt: 5% of the premium 3. (I) For plots facing 18 mtr. Or more wide road: 5% of the premium. (II) For Plot facing 30 mtr or more wide road: 20% of the premium. Transfer cases through General/Special Power of Attorney: Transfer of plot is allowed on the basis of General Power of Attorney/ Special Power of Attorney. Application for transfer should come on the prescribed application form available from State

Bank of Patiala, Sector-6, NOIDA & Vijay Bank, Sector-19, NOIDA (Cost of form is Rs. 100/-). This transfer application form is valid for six month. In such cases, the applicant will have to submit following documents alongwith duly filled in prescribed transfer application form:- 1. Registered copy of G.P.A./S.P.A with a certified copy duly notarised for office record 2. Registered copy of Sale Agreement with a certified copy duly notarised for office record. 3. The allottee is required to submit Lease Deed/Transfer Deed, Allotment Letter and possession certificate in original. 4. ndemnity Bond on non-judicial stamp paper of Rs. 100/-(Performa enclosed with application form) 5. Affidavit on the prescribed Performa on non-judicial stamp paper of Rs. 10/-(Performa enclosed with application) In case of first sale, the transfer charges shall be applicable at the rate of 1.5 times of the normal transfer charges ( 50% more than the normal transfer charges). The amount of transfer charges shall be increased @ 50% of the normal transfer charges for each successive sale involved in the transfer. If the transfer involves single transaction, then the transfer charges will be leviable for single transaction. For evaluating the single transaction the general power of attorney/special power of attorney and agreement to sell should be executed simultaneously and on the same date. The facility of single transaction will also be available in case transfer application is moved by the original allottee and further the transfer deed has been executed by the blood relation of transferor/transferee. The power of attorney holder of a prepossession plot can also apply for transfer of plot but he shall be required to execute lease deed of the plot under transfer on behalf of the allottee before his application for transfer of plot is processed. TRANSFER UNDER BLOOD RELATION Transfer under blood relation is allowed from allottee / transferee to wife/husband, son/daughter (Married/Un-Married), father/mother and vice-versa is permitted without charges. The following documents are required to be submitted:- 1. Draft of Rs.1000/- as processing fee is to be submitted alongwith the request for transfer. 2. Affidavit by transferor & transferee duly attested by Notary Public is required to be submitted. 3. Photograph/signatures duly attested by Banker/Gazetted Officer of proposed transferee to be submitted. 4. Copy of Ration card or school leaving certificate or pass port etc. so as to show relationship with allottee. In case post-possession plot is being transferred in blood relation then Transfer Deed shall have to be executed within 60 days from the date of such transfer approval. TRANSFER OF PLOT IN CASE OF DEATH OF ALLOTTEE 1. n Prescribed Blood Relation: Transfer of plot is permitted in the name of legal heirs after death of allottee without any transfer charges if under blood relation i.e. in favour of father/mother, husband/wife, son/daughter (Married/Un-Married) & vice versa. 2. In case plot is being transferred in favour of following relations, such permission will be granted subject to fulfillment of prescribed formalities & on payment of transfer charges equivalent to 50% charges of applicable in case of transfer of plot these charges have been considered on the basis of attorney case :- o Son/Daughter of deceased allottee’s Son/Daughter o Brother/Sister of deceased allottee o Brother’s Widow o Grand Mother/Grand Father, Maternal Grand Mother/Maternal Grand Father o Brother/Sister of Father/Mother

For above (i) & (ii) the following documents are required to be submitted:- o Indemnity Bond (on prescribed Performa) on stamp paper of Rs. 100/- (duly notarised ) of proposed transferee. (ANNEXURE-III) o Affidavit of proposed transferee is to be submitted (on prescribed Performa) on stamp paper of Rs. 10/- duly notarised. ANNEXURE- III(i) o No objection of all other legal heirs (on prescribed Performa) on stamp paper of Rs. 10/- duly notarised. (ANNEXURE-III(ii)) o Certified Copy of Death certificate. o Photographs and signatures of all legal heirs and proposed transferee attested by Bank/Gazitted Officer. (ANNEXURE-II) o In case of allotment of plot made through cooperative housing society, ‘No Objection Certificate’ of respective society shall also be required for such transfer. o The transferee would submit a copy of ration card or school leaving certificate or passport etc. so as to show blood relation 3. In case allotment/lease of plot is sought to be transferred in favour of a person outside the above mentioned relations on the basis of registered will of deceased allottee, the proposed transferee shall have to obtain the probate order for the competent court for which transfer charges @15% are payable i.e. on the basis of probate order from the competent court 15% transfer charges i.e. equivalent to charges payable in case of transfer of plot through power of attorney shall be payable. In such cases following documents are required to be submitted:- 1. Indemnity Bond (on prescribed Performa) on stamp paper of Rs. 100/- (duly notarised) 2. Affidavit of proposed transferee is to be submitted (on prescribed Performa) on stamp paper of Rs. 10/- duly notarised. 3. No objection of all other legal heirs (on prescribed Performa) on stamp paper of Rs. 10/- duly notarised. 4. Probate order from the competent court is required and the prescribed court fees should have been paid. In case will holder is not able to produce NOC of legal heirs he is required to get a public notice in two national Newspaper so that any objection is made by any persons he can send a request to the Authority within 30 days. If no objection is received with in the above period, transfer permission would be granted. 5. Certified copy of Death certificate of deceased allottee. 6. Photograph/signatures duly attested by Banker/Gazetted Officer of proposed transferee and legal heirs, if any. 7. In case of allotment of plot made through cooperative housing society, ‘No Objection Certificate’ of respective society shall also be required for such transfer. 4. Application in simple paper submit to residential plot department which will be sent to Accounts Department for obtaining the No Dues Certificate. 5. Formalities for execution of lease deed and possession 1. U.P Non judicial stamp paper Rs ------------------------ + Rs 50/- (the amount of stamp duty should be checked from the office of sub-registrar Noida. The stamp paper can be purchased from the treasury, Government of U P, Collectorate, Surajpur, Greater Noida) 2. Duly Notorised affidavit on stamp paper of Rs 10/- as prescribed in the brochure of scheme. 3. Five copies of Photographs duly attested by bank on prescribed formet. 4. Two copies of signatures of allottee duly attested by bank on prescribed formet. 5. No dues certificate of Industrial/Commercial/Institutional unit. 6. Original copy of Naksha –11 in land acquired category. 7. Registration fees ( 2% of total cost and maximum Rs- 5070/-) to be paid in sub registrar office, Noida. 8. Copy of deposit challan relating to upto date payment of instalment of the allotted plot. 9. Two witnesses are required for registration of lease deed & three copies of photographs of each witness is also required at the time of registration. The allottee as well as the

witness shall cary there identity card for this purpose. 10. Advance lease rent Rs--------------- and Rs 50/- towards cost of lease deed set. 11. List of share holders duly certified by C.A. 12. List of directors duly certified by C.A 13. Memorendum and acticles of association. 14. Certificate of incorporation. 15. Copy of resolution. 16. In case plot is mortegaged than NOC of concerned Bank/Institution is required. 5. Useful Information Stamp duty in Noida Circle Rate in Noida Transfer Charges in Noida Procedure For Transacting Property Related Matters 1 Permission for transfer of property in favour of prospective transferee. (there is a prescribed tr. application form) 2 Permission for transfer of property amongst blood relations i.e. amongst father, mother, son, daughter and also between husband and wife. 3 Permission for transfer of property on demise of the allottee to his legal heirs or to other beneficiary (s). 4 Permission for Co-allotteeship 5 Permission to mortgage the property to clear noida's dues, raise construction, set up the unit or stablishment. 6 Mortgage permission for use of the premises as collateral security Issuing duplicate documents 7 Issuing duplicate documents 8 Grant extension to raise construction or set up unit/establishment 9 Grant extension to execute lease deed/transfer deed 10 Accepting Power of Attorney 11 Issuing Mutation letter on receipt of the transfer deed 12 Issuing Functional letter(Industrial/Commercial/Institutional) 13 Permitting Change in Constitution (Industrial / Commercial / Institutional) 14 Renting Permission (Industrial/ Institutional) 15 Change / Addition of Project / Change of Use (Industrial / Commercial)

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