Documents required while buying property are Identity Proof like Voters' ID card, Passport, Driving License, Ration Card and Pan Card. Be careful of the Sale Deed/Agreement and also check that the complete property chain is mentioned in the Deed.
Here are the important things to check before you sign the agreement with the developer:
The best way is to check if the banks are funding the project. Generally, banks approve projects and start disbursement only after all the approvals are in place.
If you are buying a new property, you have to pay Service Tax, VAT and Stamp Duty on the total amount of purchase. If you buy re-sale property, then you do not have to pay any of these taxes.
The transaction of sale is considered complete when either the possession is given or Conveyance Deed is registered.
Capital gain is applicable when: