House buying process in Salt Lake Kolkata – Blog1
Process of Buying a Residential House in Salt Lake City (Bidhannagar), Kolkata under UDD is not as simple as property belongs under KMC, HIDCO and other detartments of West Bengal.
Know the step by step process of buying a property belongs under UDD (Urban Development Departments) in Salt Lake City (Bidhannagar), Kolkata and feel free from worries regarding this. Please follow few steps given bellow, which help you to understand the procedure of buying your dream property. You may also Contact Us to know the entire Procedure of buying a Residential Property in Salt Lake City Kolkata.
1. Find a Reliable & Experienced Property Consultant in Salt Lake Kolkata
First of all you have to find a reliable and knowledgeable property consultant/ agent who are dealing in residential property in Salt Lake City, Kolkata.
2. Tell your requirement and budget to the consultant you have appointed
After choosing the right property consultant out of the most who are dealing in residential property for sale in Salt Lake Kolkata, tell him your specific requirement with your budget that you can afford.
3. Visit all properties matched your requirement shortlisted and offered by your Agent/ Consultant:
Visit all suitable properties matched your requirement and budget. Collect all necessary information of properties visited by you from your Agent.
4. Select the best 2 or 3 out of all properties you have visited:
Choose the best 2 or 3 number of properties out of all properties you have visited.
5. Compare and choose the best property out of 2 or 3 properties:
Now it’s time to select the best property out of chosen 2/3 properties. Before taking the final decision for your, compare between 2/3 properties you have chosen. While choosing the best property, please compare all these major aspect like Price, Location, Age of Construction, Building Structure, Commercial Terms (Payment Terms) and many more. You may take a help from your appointed Consultant.
Negotiate with seller for Price and other all terms and conditions. Your Consultant will help you in this matter.
7. Ask for Documents for Legal Search:
You may ask to your property seller for all relevant documents required for legal searching. Your lawyer or consultant may help you in this regards.
8. Advance Payment & Agreement for Sale:
Now it’s the time to make an Advance Payment to seller and prepare an “Agreement for Sale” between buyer and seller.
9. Application for Transfer the Lease:
After Signing the “Agreement for Sale” between buyer and seller, seller will apply to Urban Development Department (in short UDD) to transfer the lease in the name of buyer.
N.B.: Most individual plots, bungalows and houses in Salt Lake City Kolkata are belongs to UDD and most are “Lease Hold” property. Contact us to know more.
10. Deposit of Lease Transfer Fee:
Just after getting Application for Transfer the Lease, UDD will call for hearing and ask to deposit lease transfer fee.
Cost of Transfer fee is depends upon plot size i.e. near about 5 Lacs per Kottah.
N.B. 17 clause properties are exempted from lease transfer fee. Contact us to know more.
Registration is the final step to buy a property. At the time of registration, you have to pay balance considered amount to seller, registration fees and other fees if any to respective authorities.
After the registration you have become owner of this particular property. Don’t forget to ask possession certificate from seller.
Mutation is the process to change of title ownership from one person to another when the property is sold or transferred. The new owner gets the property recorded on his name in the land revenue department and Municipal Corporation by mutating a property.
This is all about the process of buying a property in Salt Lake City, Kolkata. If you still have any query, feel free to Contact Us for an Expert Advice.