Sell Property Smartly: Avoid Costly Mistakes & Maximize Your Earnings!

• Understand capital gains tax (short-term vs. long-term) and Section 54 exemption for reinvesting sale proceeds into a new home.
• Accurately value your property based on market rates, circle rates, and demand, avoiding emotional pricing.
• Ensure all property documents are clear, including title, encumbrance certificate, and 'No Dues Certificate' for taxes and bills.
• Be aware of 1% TDS deduction by the buyer if the sale price exceeds 50 lakh rupees; obtain Form 16B for tax returns.
• Enhance property appeal with minor repairs and painting to potentially increase its value by 5-10% and attract buyers.

Why It Matters: Proper planning, legal clarity, and market understanding are vital for profitable property sales.