I have bought property in india.Do I have to be present to take its possession?
817184
You need not be present physically to take possession, if you mean taking handover and taking the keys. Your authority to someone is enough, and yes if your father in law has the POA, he can do that even without you knowing that he did.. \n\n..but when you need to do the official registration of the property, your physical presence is a must. Power of attorney's for property registration is not accepted anymore since the new property law for non resident Indian's was enacted in 2003.
1043738
depends on your state. In mine, it is 30 days if the property was sold.
1149681
I am 99% sure that the answer is no.  If you are not on the tittle then you are not the owner of the home.  You should really double check with a lawyer if you are thinking of taking possesion.
1061024
I would be interested but im pretty sure that even though that you have the deed to the property doesnt the government have to make the final determination of whom can buy there.\nI remember something to that nature my ex saying.
72363
I think you are talking about adverse possession.\n\nIf no one discovers this, the laws are different in different states. Some states say that since you did not know it wasn't your property, you can be sued for encroachment. Others say that you have successfully occupied the property long enough that it is now yours.
1075594
incomplete detail.\n\nIt was ancestral property ? When your father left India? When did he die.  it is a complicated issue. You may be entitled for share. \nHindu joint family acts like a trust. All the members are like members of the trust.  But succession law is quite complicated. \n\nyou need a real lawyer.
401218
I do not urge you to buy it for investment unless you want to move there,I do not trust the Government there.The only place that you can be safe to own a home and land is in U.S. and the rest take a hike because the government ownes everything and it can take over your home any time.( By law)
556408
You can set up any sort of agreement with the buyer that you and the buyer agree to.\n\nIt is, in fact, fairly common to have a provision that the seller will remain in possession until the happening of a certain event (such as close of escrow on the property the seller is buying) or a date certain.  It is a subject for negotiation whether the seller will or will not pay rent or reduce the final price of the property for the time the seller remains. \n\nIf you know that you will be moving to Malaysia on a certain date, just include in your instructions to your broker and make sure escrow instructions include that you will remain in possession of the property, and/or title will not change hands, until a specific date.  Just in case there are unexpected glitches, I'd make that date at least two weeks after you plan to be gone; you can always tell the buyer he/she/they can move in earlier.
647796
It will cost you and you need to send it away to the copyright offices. I'm not sure how it done in India, but here in North America, you have to mail the design to yourself as proof that it is yours.
729943
Try doing some more research on property investment in India before you part with your money seek expert advice also.\n\nThe websites below may be of interest to you tho about investing in a property in India:\n\nhttp://www.indianground.com/\n\nhttp://www.mgiworld.com/doingbusiness/BusinIndia.php\n\nhttp://www.thinkinvestments.com/property-market-in-india/growth-in-the-indian-property-market.html\n\nGood Luck with your venture.
359956
It is possible to own property in many countries. Best thing to do is find a real estate attorney in the country where you want to buy this house. It will cost you alittle bit more, but you will know that you are following the rules.
434134
See, there are lots of issues which determine the taxability of capital gains under I T Act1961 .You have not given complete detail.\n    Presuming , its a residential property, then first the compuation has to be done by taking the Indexation method . Find out the date of purchase of the residential property and cost as on that date. If it was purchased before 1984, then market value as on 1.4.1984 has to be taken as cost and then indexation has to be applied.\n    This way, capital gains has to be computed. If there is capital gain is there, you have following option\n   1. Purchase /construct a residential house within two years of the amount equal to long term capital gain.\n   2. If you do not want to purchase immediately, but plan to purchase within   3 years, deposit the amount of capital gain in SBI or other bank in Capital Gain Account scheme , before filing return of income.\n  3. Under 5EC of the I T Act, there are capital assets in which if capital gains are invested for at least  three years, then the capital gain is exempt from taxation.\n\nHope your
521478
Unfortunately, you can only roll it over into another investment property (Like-kind exchange)  Applying it to your residence will not work.  You have sixty days (before or after the closing) to identify another property and 180 days to close on it.  If you held the property for investment (say yes) and held if for over 12 months, you will pay tax on it at the lower capital gains rates. If you held it for less than 12 months, it is considered ordinary income and is taxed at your regular rate.  If it is less than a year, see if the buyer will wait until the year is up.  Give them soem money back at closing to compensate them for waiting.  It could be worth your while.  To see what the tax might be, use your tax software to estimate what your tax would be.  Sorry to hear about the medical problem, I hope everything works out.  Also, ANY profit is a good profit!!!!!
83270
Yes, while at least you are suppose to.Just think of th ebasic defination of Real Estate-\nReal Estate is a piece of land, including the air above it and the ground below it, and any buildings or structures on it \nIts called Mineral Rights-A mineral right is an interest in minerals in land, with or without ownership of the land surface. The right can be either to actually take the minerals out of the ground or to receive payment for the minerals taken out.\n\nOwnership of mineral rights can be separate from ownership of land; thus a person who owns a mineral right may not be the landowner. Included in a mineral right is the right to go onto the land in order to remove the minerals. Mineral rights can be leased or sold. A landowner who leases mineral rights often receives a royalty, which is a percentage of the value of the minerals that are mined by the leaseholder.\n\n\nThe state, of course, will try to take it.
847026
shouldnt be any so long as you effectively live in one of them until of them are sold.  if you are liable to cgt then you can claim the costs of conversion as well as your original purchase price as the purchase price
1167182
As they say, Possession is nine tenths of the law, not majority rules. Basically they have told you to get out, but they have nothing to back that request up right? If they want you out so that they can sell the house and split the money that is fine, let them know that you will make sure that the house is presentable and available to show, and once the sale goes through you will move. Until that time let them know that you are not leaving.
1060061
Technically you hold title to the house until the day of the auction. Once the auction is complete either someone bought it, or it goes back to the bank. You'll probably have about 2 weeks give or take before someone comes over to secure the property. By that I mean they will change the locks, disconnect all  utilities, put stickers on the house advising that trespassing is illegal, etc.\n\nYou won't know  until you call the mortgage company directly.