RERA is the Real Estate Regulatory Authority created to improve transparency and accountability in the real estate sector.
Eligible projects and agents must register with the relevant state authority. Buyers can check project approvals, timelines, promoter details and complaints on the state RERA portal.
Visit the official RERA website of the state where the property is located.
Search using the project name, developer name, location or RERA registration number.
Important documents may include:
An encumbrance certificate records registered transactions affecting a property during a specified period.
It can help identify registered mortgages, previous sales, gifts or legal claims.
A sale deed is the legal document through which ownership of a property is transferred from the seller to the buyer.
It records the property details, agreed price, payment terms, possession and rights transferred.
An agreement to sell records the terms under which the property will be transferred in the future.
A sale deed completes the ownership transfer and is registered with the Sub-Registrar.
Stamp duty is a state government tax payable on property documents.
Registration charges are paid for officially registering the sale or transfer document.
Rates vary by state, location, property value and ownership category.
A completion certificate confirms that the building has been constructed according to the approved plan and applicable building regulations.
An occupancy certificate confirms that the completed building is suitable for occupation under local regulations.
A freehold property gives the owner ownership rights over the property and the land attached to it, subject to applicable laws.
A leasehold property gives the buyer the right to use the property for a specified period, while the underlying land may remain owned by a government authority or another entity.
TDS may apply when the transaction value or stamp duty value crosses the prescribed limit.
The exact treatment can differ when the seller is a resident or non-resident, so buyers should confirm the latest requirements with a tax professional.
GST may apply to eligible under-construction properties.
It is generally not applicable to completed ready-to-move properties where the required completion conditions have been met.
