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Key Documents to Check Before Buying a Property
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Frequently Asked Questions

  • How much does Property Registration cost?

    The cost of property registration includes stamp duty and the registration fee. Both the charges are calculated based on the value of your property. Also, the charges may vary from state to state.

  • How is the stamp duty on Property Registration calculated in India?

    The stamp duty is the fee charged by the state governments to validate your property registration. This duty is calculated as a percentage of the property's value. In India, the stamp duty charged is generally in the range of 5%-7% of property's value.

    Also, in some states, women property owners get concessions on stamp duty. For example: In Delhi, if the owner is a woman, the stamp duty is just 4%, as compared to 6% if the owner is a man.

  • What all should a Sale Deed include?
    There are certain things that a sale deed should include. Check them out:
    • Full details of the parties involved
    • Details of the property being bought/sold
    • Sale consideration (price at which property is sold)
    • Indemnity & Encumbrance clauses
    • Property handover/possession date
  • When should I get the property documents verified?

    If you are purchasing a home or any other property or are taking a property on lease, then it is important to get the documents verified. When you verify the documents, you can make sure your investment is safe and you're not getting into any scam or property fraud.

  • What all documents are verified in the Property Verification process?
    There are various documents that these experts verify during the verification process. Some of the most common documents include:
    • Agreement to Sell
    • Conveyance Deed
    • Power of Attorney
    • Will
    • Relinquishment Deed
    • Partition Deed
    • Mutation Details
  • How long does property verification take?

    It usually takes around 7-10 days to verify all the documents and prepare a final report. Once the final report is ready, you will get a call from the lawyer where he/she will walk you through all the findings and answer your doubts (if any).

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Living on rent is such a headache when you have to move your furniture along with you. But renting a furniture from one of the magicbricks partners made my life sorted. Now, I can move to any property tension-free.
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I had heard a lot about Magicbricks and 2 months back I got in touch with them as I wanted to rent out my flat. Also their service of tenant verification was of great help. All the details of the tenant were verified for me and I didn't have to bother at all. Great service!
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I rented a few furniture items for my home through one of the Magicbricks facilitators. The experience was good and response was quick. And the best part, I did not have to go to multiple websites to choose and compare.
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