Indian law allows the purchase of real estate to a foreigner only to a legal entity.
With regard to the discharge procedure, the notarial deed of transfer of ownership and certificate of title to real property shall be certified by a notary.
Before the transaction is a notary certificate (extract) from the same register that there is no "charges" of the object, in other words, on its purity. The certificate reflects the presence or absence of a mortgage facility, the right to use the object of others, a ban on the sale, open court cases, etc. It also confirms the membership of an object a specific person - the seller. Identity (a statement) shows the object's state over the past 30 years.
It is also important document is the state valuation of the object, which is issued by territorial tax service. Based on the sales price determined by the size of the state duty to bargain and notary fees. Payment of stamp duty is required. In the case of nonpayment of the collection is assigned a penalty - 2% per month. Stamp duty is payable before the check.
For registration of real estate purchase - a foreign individual must submit a passport when you buy a legal entity - the constituent documents of the firm.
Once the document is signed by the seller and the buyer and certified by their signatures, the agreement is registered in the Insurance Registry Office. Head makes a change in the circumstances of the object in the state register of real estate.
The process of purchasing property on an individual very troublesome and requires at all stages of the personal presence of the buyer. In addition, foreigners can not sell the property sooner than 3 years after purchase.
Alternative - buying real estate entity. For etgo lawyer collects all the necessary documents, you need to personally prisutstvrvat when signing the founding documents. Usually the process takes 15-20 days for registration, and once on a company issued property. The only thing not very comfortable "but" - is that one of the founders have to be a Hindu. Accordingly, a formal property is owned by the company.
 Additional costs Nedvizhmimost acquired a legal entity:
-Opening of the firm - about 1667,-Euro
-Stamp fee - 5% of the real value of property
-Registration payments - 2% of the actual value of the property
-Legal payments - about 167,-Euro
-The annual cost of maintenance of the company sostavlyaet $ 750 per year (if the content of the firm is engaged in the management company) |
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Buying property - India