Property sell regarding


This query is : Resolved 

Quick Summary
When selling your flat to a buyer seeking a home loan, you'll need to provide property papers. It's generally advisable to give photocopies. Regarding payment, if the property value exceeds £50 lakhs, the buyer must deduct TDS, which you can later claim. For ready-to-move flats, GST is not applicable once an occupation certificate has been issued.

11 June 2024 I am going to sell my flat to buyer. Buyer want to take home loan. Buyer is aksing for property papers. I need certain clarifications:-
1. Should i give him property papers zerox copies or not?

Please help me

Viksa garg

11 June 2024 Give zerox copies

11 June 2024 Thanks Sir for reply,
Also the buyer will pay the sell amount after deducting tds??

11 June 2024 Yes, TDS need to be deducted if the value of the property is Rs. 50 lakhs or more which you can claim in relevant ITR.

11 June 2024 Thanks Sir for reply. Is GST applicable on ready to move flat?

11 June 2024 No GST once occupation certificate being obtained.

31 August 2024 Good luck.


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