FAQs

Frequently Asked Questions

As per the Transfer of Property Act, 1882, there are several ways in which a property can be transferred from one party to another. It can be done through inheritance or WILL, through relinquishment of the property in a land, through settlement or partition of properties, through gifts or by purchasing the ownership of the property.

The process of valuing the immovable property and arriving at its market value and ascertaining the proper stamp duty is called ‘adjudication’. For the process of adjudication, one can apply to the Collector of Stamps along with copy of the agreement containing the details of the property.

The Index 2 is used as proof to show transfer deed execution or to confirm the legitimacy of the execution of a registered document. It is used at the time of Mortgage/Loan/Sale/Transfer etc. to show the completion of the Transfer of Immovable Property as per the Transfer of Property Act.

Land revenue means all sums and payments in money or in kind received or claimable by, or on behalf of Government from any person on account of land held by, or vested in, him, cess, rate or other impost payable under the provisions of any law for the time being in force.

‘Transfer of property’ means an act by which a living person conveys property, in present or in future, to one or more other living persons; or to himself and one or more other living persons. ‘Living person’ includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.

Our team is experienced and expert in drafting and registration of various kinds of deeds viz. Agreement for Sale, Sale Deed, Conveyance Deeds, Deed of Assignments, Relinquishment Deeds, Lease Deeds, Mortgage Deeds, Cancellation Deeds, Correction Deeds, Deed of Declaration, Agreement of Development, Redevelopment Agreements, Deed of Exchange, Will etc.

Maharashtra is one of the states in the democratic union of India. Several ministries like General Administration, Law&Judiciary, Information & Public Relations, Information Technology, Forest Department, Finance, Planning, State Excise, etc exist to perform specific roles in governance.

Banks avail a number of services from an experienced legal firm like G&K Associates. These services include legal advice, representing banks in courts, drafting and registering agreements/deeds, adjudication & impounding of documents, transfer of property, etc.

A law firm or an advocate does not play a direct role in the banking sector, however, every major financial transaction requires a the supervision of a legal analyst. This happens because, the legal documents of an individual or organisation are scrutinized by a legal expert/s.

The submission of appropriate documents and proper payments of the taxes imposed by the government is extremely necessary if the concerned parties do not want to be penalised for any irregularities. For this purpose, an experienced law firm like G&K Associates helps its clients in fluent operations in this regard.