Gujju Property

Question & Answer

Que. What should a lessee or occupant keep in mind while purchasing a flat or office?


Ans.

Some of the factors a lessee or occupant must keep in mind while rent a flat or office is:

  • .Locality i.e. transport, schools, hospitals, market, business district, entertainment centers hotels, restaurants, pollution levels
  • Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area
  • Car parking space
  • State of the premises, quality of construction, fixtures and fittings in the premises
  • Reputation of the Lessor
  • Sufficient water and electric supply, other utilities
  • Cost components: rent, stamp duty, registration charges, transfer fees, monthly outgoings and society charges, costs of utilities.
  • Any other distinguishing features or advantages of the property

Que. I want to sell my property, which are the documents a prospective buyer need from me?


Ans.

A buyer may ask for photocopies of original sale deed, tax paid receipts, encumbrance certificate.


Que. What is meant by Carpet Area, Built-Up Area & Super Built-Up Area?


Ans.
  • Carpet Area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. It is the actually used area of an apartment/office unit/showroom etc.
  • Built-up Area is the carpet area plus the thickness of outer walls and the balcony.
  • Super Built Up Area is the built-up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the Super Built-up area. Sometimes it may also include the common areas such, swimming pool, garden, clubhouse, etc. This term is therefore only applicable in the case of multi-dwelling units.

Que. What should a purchaser keep in mind while purchasing a residential flat?


Ans.

Some important points to keep in mind while buying the flat:

  • Locality – Proximity to the workplace, educational institutions, hospitals, shopping areas, entertainment centers, transportation, pollution levels.
  • Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area
  • Car parking space
  • Quality of construction
  • Reputation of the builder or seller
  • Sufficient water and electric supply, other utilities
  • Cost components: price, stamp duty, registration charges, transfer fees, maintenance charges, any other payments
  • Appreciation of the property for resale and rental.
  • Any other distinguishing features or advantages of the property

Que. What is meant by Carpet Area, Built-Up Area & Super Built-Up Area?


Ans.
  • Carpet Area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. It is the actually used area of an apartment/office unit/showroom etc.
  • Built-up Area is the carpet area plus the thickness of outer walls and the balcony.
  • Super Built Up Area is the built-up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the Super Built-up area. Sometimes it may also include the common areas such, swimming pool, garden, clubhouse, etc. This term is therefore only applicable in the case of multi-dwelling units.

Que. What should a purchaser keep in mind while purchasing a residential flat?


Ans.

Some important points to keep in mind while buying the flat:

  • Locality – Proximity to the workplace, educational institutions, hospitals, shopping areas, entertainment centers, transportation, pollution levels.
  • Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area
  • Car parking space
  • Quality of construction
  • Reputation of the builder or seller
  • Sufficient water and electric supply, other utilities
  • Cost components: price, stamp duty, registration charges, transfer fees, maintenance charges, any other payments
  • Appreciation of the property for resale and rental.
  • Any other distinguishing features or advantages of the property

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