Showing posts with label purchase. Show all posts
Showing posts with label purchase. Show all posts

March 23, 2011

Purchase of Land -- Checklist


To learn about all necessary checks in connection with land transactions read this recommended article, which starts:


Purchase of Land – Legal Checklists

Owning a house is an important thing in one’s life. However, one needs to be careful while buying a property to avoid falling into legal hassles. Before buying a land, a number of checks need to be done to confirm that the land has a clear and marketable title. The legal status of the land is one of the first issues that should be addressed before confirming a property.

Title deeds

The first step is to see the title deed of the land, which you are going to buy.

Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person.

It is better to get the original deed examined by a lawyer. This is to check details like whether the seller has permitted any entry/access to others through this land and whether any other fact has been suppressed/left undisclosed by the owner of the land.

Along with the title deed, you can also demand to see the previous deeds of the land available with the seller.

In some cases, more than one person may own the land. So before registering, check if there is more than one owner, and if there is, get release certificate from the other people involved.

The article then goes on to cover the following categories:


Title deeds
Conveyance Deed or Sale Deed
Tax receipt and bills
Encumbrance Certificate
Pledged land
Measuring the land
Purchasing land from NRI landowners
Power Of Attorney
Agreement
Stamp Duty
Registration
Changing the title in Village office


To read the article in full go to this link here.


April 30, 2009

Ashoka Apartments

[Plans updated on June 25th, 2009]


Right-click on plans to view enlargement


In response to requests from readers of Arunachala Land, I am now posting drawings of the plans of the Ashoka Apartments, Ramana Nagar to be built opposite Sadhu Om Colony down the road from the Post Office.

The Ashoka Apartments will have 15 apartments, 6 of which will be for direct purchase and the remaining 9 apartments will be available for rent on 3 year Long Leases.

The Complex is 3 storey with secure perimeter gate. Each apartment will have a balcony facing outward and will be facing inward towards a centre arboreum (garden). Special facilites offered at this Complex include: meditation hall on roof, lift, 24-hour security, basement car parking and laundry room in basement.




Ground Floor



1st Floor



2nd Floor



Apartment Specifications

Ground Floor

Apartment A = 397.4 sq ft

Apartment B = 343 sq ft

Apartment C = 473 sq ft

Apartment D = 1219 sq ft


First Floor

Apartment E = 467 sq ft

Apartment F = 349 sq ft

Apartment G = 488 sq ft

Apartment H = 488 sq ft

Apartment I = 349 sq ft

Apartment J = 467 sq ft


Second Floor

Apartment K = 467 sq ft

Apartment L = 349 sq ft

Apartment M = 488. sq ft

Apartment N = 488 sq ft

Apartment 0 = 348 sq ft

Apartment P = 467 sq ft


Plinth Area in Square Feet (i.e. carpet area + balcony)

Please keep checking back as I will be posting more information, including drawings of what the completed apartments will look like. For specific enquiries please email me direct:
arunachalagrace@fastmail.fm

January 25, 2009

Ramana Grace Apartments



Currently underway is a project to construct a 12 unit apartment complex named ‘Ramana Grace’, five minutes walk from Chengam Road and Sri Ramana and Sri Seshadri Ashrams. The floor plans of the three storey complex are pictured below and the square footage of the apartments are as follows:


Flat 1 -- 640 sq ft, Flat 2 -- 640 sq ft, Flat 3 -- 690 sq ft, Flat 4 -- 690 sq ft, Flat 5 -- 800 sq ft, Flat 6 -- 850 sq ft, Flat 7 -- 950 sq ft, Flat 8 -- 950 sq ft, Flat 9 -- 800 sq ft, Flat 10 -- 850 sq ft, Flat 11 -- 950 sq ft, Flat 12 -- 950 sq ft.



Click on all maps and specification to view enlargement



First Floor







All the above apartments are for sale. For further information please contact through email address at the top left of this page.

October 29, 2007

Land for Sale/Lease


Agricultural Land, which can be developed into a Retreat Centre and/or Ashram or used for cultivation purposes, is available for sale or lease on the Northwest side of Arunachala. The land is owned by a professional who works at Chennai and is thus looking to raise finances through his Tiruvannamalai land.

The land is in prime condition, has an bountiful source of spring water (around 60 feet deep), has been maintained very well and is in excellent condition.

Behind the land there are Hills (Government forest land) that can never be built upon or developed and are thus ideal for walking and treking. In front of the land there is a 250 acre water catchment reservoir which fills in the rainy season - so therefore can never be developed. The land will therefore maintain its integrity and not be spoilt by development either in front or back of it.


Arunachala from the land



The proposal for the 7 acre land site is:

1) LAND SALE
Sale of 4 acres of the land (seller retaining the remaining 3 acres) at a price to be disclosed. The seller is not interested in delayed, prolonged or instalment payment for the land. The purchaser has to be prepared to pay the full amount immediately upon purchase.

-or-

2) LAND LEASE
Lease of 5 acres of the land (owner retaining the remaining 2 acres) by legal DEED for a term of UP TO 20 years (a further term can be negotiated) at a price to be disclosed. Every 5 years there will be a yearly rent increase of 20%.

We can supply photographs, exact pricing and additional details to people with a serious interest.
OFFERS FROM PROPERTY DEVELOPERS AND/OR SPECULATORS WILL NOT BE ENTERTAINED.

October 27, 2007

Arunachala Land

This website will give current, accurate information about regulations governing the buying, selling, bequeathing and leasing of land and property in India, (in this case as it pertains particularly to Arunachala and surrounding countryside).

We will also be posting pragmatic information advising about problems, pitfalls and complications one may encounter while engaged in either buying, selling or leasing property or land.

As well as information about regulations, we will also be posting news about particular land and property available for either purchase or lease. We can immediately provide the additional service of land agent to prospective purchasers, to whom we will submit a well researched report; verifying ownership and land title, checking on neighbours and their future plans, ensuring proper access to land, reporting on fluctuating seasonal changes (i.e. is it land that gets flooded in heavy rains etc), determining quality and availability of ground water, ascertaining future Municipal developments (installation of unsightly electrical pylons etc) and in everyway ensuring that the land purchased has every advantage.

We will be developing additional services in the coming months in which we will facilitate and arrange land leases, with or without a house.

We welcome all queries and suggestions.