Top Property lawyers in Chandigarh

Property in itself is such a word that connects its meaning to something particularly owned by a person. It could be movable, immovable, tangible, intangible. It includes anything that carries value and over which the right of ownership could be exercised. To deal with matters related to transfer of property, the Transfer of Property Act, 1882 has been implemented. The Act gives very systematic and regularized provisions for the systematic transfer of immovable property from one person to another or sometimes with a group of people. The process of registration is considered as one of the most important as well as the final step included in transferring the ownership of the property in the process of transfer of property.

According to the English as well as Indian Constitution, the property is broadly divided into two categories:

1. Real property
2. Personal Property

Real properties are the ones which generally specify the interest of a person in land or matters related to land. Whereas, personal properties include all those things which a person possess and also holds ownership over those properties.

The only difference that occurs in English law and Indian Law is, Property is divided into two categories that is Real and Personal, but when we talk about the division or classification of property in India, it is divided into two categories but they are movable property and immovable property.

When we specifically talk about finding advocates for property matters in Chandigarh, it somehow becomes a difficult task, because rules and regulations regarding property in Chandigarh are slightly different from other cities. So, before hiring a property advocate in Chandigarh, it is advisable that you always look for the Top Property lawyer in Chandigarh.

Before you hire a property lawyer in Chandigarh, there are some points that you should remember about the new property laws in India. Some of them are as follows:

1. As the main property act is centralized, so for transfer of properties, individual states will have to approve their own rules and regulations. As of now, there are only 13 states who have intimated the center with their individual property regulatory management laws.

2. Builders especially the Home builders are subjected to register themselves within three months with the high level local regulatory authorities of the state.

3. The buyers are supposed to provide the updates of the project and also, a 60-70 per cent share needs to be deposited. They are also required to reveal the exact information of the project and the time by which the construction will be completed.

4. Builder will have to enter into a registered sale if he charges more than 12 percent of the amount at the time of booking.

5. Now, the builder can promote their property only once after receiving approvals from the regulatory authorities.

6. If there is a delay in possession of the property, the builder has to refund the full amount to the buyer along with the interest levied until he delivers the said property.

7. In cases of property disputes, you can consult a Property dispute lawyer in Chandigarh at the very first instance.Now people can directly move to the RERA(Real Estate Regulatory Authority) established in every state.

Where to find the Chandigarh?

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