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Showing posts with label Flat purchase guidelines for Navi Mumbai. Show all posts
Showing posts with label Flat purchase guidelines for Navi Mumbai. Show all posts

Wednesday, February 28, 2024

Foolproof way to purchase a flat in Navi Mumbai 2024

 

  • Identify flat/property you like
  • Scrutinize property papers, title documents, municipal permits, flat ownership papers, society status, CIDCO NOCs etc
  • Make sure society conveyance has been done (without this, no CIDCO NOC will be possible and without CIDCO NOC no bank will give you a loan). This is not for fresh purchases in a New Project. In a new project, no society is formed until 60% of the flats are sold by the builder.
  • Fix Price
  • Formulate MOU (Memorandum of Understanding)
  • Make Token/Part payment if taking a loan. Take a receipt for the same
  • Formulate and register the Agreement for Sale (Sale Agreement) If taking a bank loan
  • Apply for CIDCO Transfer/CIDCO NOC
  • Obtain CIDCO NOC
  • Apply for Mortgage NOC (Only if taking a loan)
  • Obtain Mortgage NOC from CIDCO
  • Get bank to disburse the loan
  • Formulate and register Sale Deed
  • Apply to CIDCO for ‘Final Order’
  • Submit CIDCO ‘Final Order’ to Society for transfer of name in Share Certificate
  • Apply for change in name in Electricity and Gas department records
  • Apply for change in Property Tax Records (If applicable). Cost of Transfer is approx Rs 200 per square meter in Navi Mumbai. No Property Tax Transfer can take place without CIDCO Final Order.
  • Apply for change in Water Department (If applicable)
  • Transaction Complete

Rate list for our services

CIDCO Transfer only15,000
Mortgage NOC only15,000
CIDCO Transfer + Mortgage NOC20,000
Only Drafting/Documentation5,000
Drafting and Registration of Sale Agreement/Sale Deed10,000
Brokerage (Purchase/Sale transaction)2%
Brokerage (Rentals)1 month rent/year
Consultation over Phone/Whatsapp/Zoom/Google Meet5,000/30 mins
Property Tax Name Transfer10,000
Water Bill Name Transfer10,000

Everything you wanted to know about CIDCO Transfer in Navi Mumbai

CIDCO Transfer Charges are compulsory in Navi Mumbai for purchase/sale of all types of real estate – Shops, offices, flats, plots etc. Witho...