tamapeer.blogg.se - Urban immovable property tax act 1958 pdf editor

#URBAN IMMOVABLE PROPERTY TAX ACT 1958 PDF EDITOR REGISTRATION#

Corresponding RERA Rules and regulations have been adopted by the States to ensure effective implementation of the Central Act at local level.

#URBAN IMMOVABLE PROPERTY TAX ACT 1958 PDF EDITOR REGISTRATION#

The Act established an adjudicating mechanism for speedy dispute redressal vide the Real Estate Regulatory Authority and the Appellate Tribunal and mandates compulsory registration of projects and key players in real estate sector. The Real Estate (Regulation and Development) Act, 2016 (RERA): This Act governs development, marketing and sale of real estate projects to protect the interests of consumers in the real estate sector.The said codes encapsulate division and classes of immovable property in a State, restrictions on transfer thereto, powers and duties of revenue officers, rules, regulations and penalties for contravening such codes. Land Revenue Codes: Various States in India have formulated their own land revenue codes, which govern laws relating to agricultural land-holding, land revenue, types of tenancy and matters connected thereto.Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013: This Act governs the acquisition of private lands by the Government for certain public purposes or for a company and the compensation and rehabilitative measures to be undertaken thereto by the Government.The chapters and sections of the Transfer of Property Act, 1882 which relate to contracts shall be taken as part of the Indian Contract Act, 1872.

The Indian Contract Act, 1872: This Act governs laws related to contracts in India including capacity to enter into a contract, execution and implementation thereof and breach and remedies available to the parties thereto.Registration Act, 1908 and Indian Stamp Act, 1899: The said Acts govern laws relating to payment of stamp duty and requirement for registration of various deeds, documents and instruments relating to transfer of interest in immovable property.Indian Easement Act, 1882: This Act governs the law relating to easementry rights to immovable property.The States must adopt the provisions of this Act.

Transfer of Property Act, 1882: This Act is a central act and provides general principles of movable and immovable property, such as sale, exchange, mortgage, lease and gift of property, part performance and lis pendens.

The following are some of the key pieces of legislation governing real estate in India: Over the years, various judicial precedents and judgments have also adjudicated upon various aspects relating to real estate, which are either binding or have a strong reliance value, depending upon the forum/court which adjudicated. Additionally, since India is a country with diverse sects, laws relating to aspects such as devolution, inheritance, etc., draw a large influence from various customs and practices, in addition to codified laws. This is because, in accordance with Article 246 of the Constitution of India, ‘Land’ is the subject matter of State List or List-II of the Seventh Schedule to the Constitution of India, which covers subjects for which only States can legislate, while ‘Transfer of Property other than agricultural land, registration of deeds and documents’ and ‘Contracts other than for agricultural lands’, fall under the Concurrent List or List-III of the Seventh Schedule to the Constitution of India, which are subjects for which both Centre and States can legislate. Real estate in India is governed and impacted by a combination of Federal and State-specific laws. Those relating to tax should be listed in response to questions in Section 9. Those relating to zoning and environmental should be listed in response to question 12.1. Laws relating to leases of business premises should be listed in response to question 10.1. 1.1 Please briefly describe the main laws that govern real estate in your jurisdiction.