Pune property buyers, sellers, and their families finally have a new option for document registration. The Department of Registration and Stamps, Government of Maharashtra (IGR Maharashtra) has announced that the state’s first Model Registration Office in Pune is becoming operational this month at Revolution Mall, Kothrud. This is part of a larger state initiative to…
Resale property deals in Pune move fast. A buyer likes a flat, the seller wants a quick closure, and both sides are often tempted to go straight to the Sale Deed to save time and one round of drafting. An Agreement to Sell, executed before the Sale Deed, is not paperwork for its own sake….
If you are an NRI who owns a flat in Pune, you cannot simply hand over the keys to a tenant and collect rent. Maharashtra law requires every rent agreement- legally called a Leave and Licence Agreement to be registered, no matter how short the term. The good news: Maharashtra was the first state in…
Many Non-Resident Indians (NRIs) selling property back home execute a Power of Attorney (PoA) believing it is a routine formality requiring a flat stamp duty of just ₹500. While true for “near relatives” or limited-scope documents, this assumption can be a dangerously expensive mistake when granting broad selling powers to anyone else—including cousins or friends….
Power of Attorney is one of the most misunderstood documents in Pune’s property market. The questions below are the most frequently asked by residents, NRIs, buyers, and sellers. General Questions About Power of Attorney What is a Power of Attorney (POA)? A Power of Attorney is a legal document by which one person (the principal)…
There is no consideration involved in a Gift Deed, so the percentage-based charges mentioned below apply to the Government Value (Ready Reckoner Value) of the property. For easy understanding, applicable stamp duty and registration fees are categorized based on property type, property location, and the relationship between the donor and donee: 1. Gift Deed in…
Everything you need to know about drafting, registering, and safeguarding your Will under Maharashtra law — with a clear step-by-step process for Pune residents. What is a Will? A Will (also called a Testament) is a legal document in which a person — called the testator — declares how their assets and property should be distributed after…
Buying a residential flat, commercial space, or plot in Pune valued at ₹50 Lakhs or more triggers mandatory tax compliance under the Income Tax Act. Property buyers are legally required to deduct 1% Tax Deducted at Source (TDS) before finalizing payments to the seller. Crucial 2026 Procedural Reform: The Launch of Form 141 The Income…
When you register an online Leave and License agreement in Pune, the e-filling IGR portal requires both parties to accept a standard, non-editable government template. Parties can insert details like name, property details, monthly compensation, deposit details, lock-in period, etc. but can not change the format of the clauses. While this template simplifies the e-filing…
Navigating the rental market in Pune—whether you are licensing a high-rise apartment in Hinjewadi, a commercial space in Kharadi, or a family home in Kothrud—requires a solid understanding of local property laws. Under the Maharashtra Rent Control Act, 1999, traditional tenancies are replaced by a regulatory framework known as the Leave and License Agreement. To…