Property Tips: Avoid Losses When Buying or Selling a House

• Ensure all property documents, including title deeds, tax receipts, and no-dues certificates, are in order before selling.
• Clearly define your purpose for buying or selling to make informed decisions and avoid financial pitfalls.
• Be aware of additional costs like stamp duty (5-7%) and registration fees (1%) when purchasing a property.
• Understand the government-determined circle rate and compare it with market value to ensure fair pricing.
• Verify the actual land or built-up area with a licensed surveyor and check for legal approvals from relevant authorities.

Why It Matters: Thorough planning, document verification, and understanding market dynamics are crucial for successful property transactions.