Are you a non-resident of India and looking to purchase a property like 3 BHK flats in Mohali in your home country? Well, it is possible but it comes with certain regulations. These regulations govern how such a purchase can be financed. An NRI can also use his/her credit, the money which is in non-resident external (NRE) rupee or non-resident ordinary (NRO) or foreign currency non-resident (FCNR) account, maintained in India.
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Real estate transactions generate revenue for the state government, which is collected through stamp duty and registration fees. When the government assesses this charge, it is used to register a piece of real estate in a municipal registry in the name of the property’s owner.
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Difference between Agreement of Sale and Sale Deed
Before purchasing your property, it is important to keep in mind the terms and differences between the Sales deed vs. sale agreement so that you have no confusion or misunderstanding. These terms might confuse you a bit. Since they are important to know, the information below will shed light on everything.
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