A well-managed sale from the first discussion to the final handover.

Usually your sale deed and the parent documents that show how ownership reached you, Patta and Chitta, a recent encumbrance certificate (EC, available online through TNREGINET; buyers and banks commonly ask for 13 to 30 years or more), the approved plan where applicable, and up-to-date property tax and EB receipts. If there was a loan, add the bank's closure letter and the released original documents; if the property is inherited or jointly owned, the legal-heir documents or every co-owner's participation. We review and assemble these before you go to market.

Often, yes, but it is usually better to address it first. A Patta still in a previous owner's name, or a survey number or extent that differs between the deed, Patta and FMB, will be picked up by a careful buyer or their bank and can delay the sale. Depending on the cause, the fix may be a Patta transfer or a correction with the Revenue Department. We identify the issue and the correction path before you go to market; see our guide to Patta transfer in Tamil Nadu.

Yes, this is common. The outstanding loan is usually closed from the sale proceeds, either from the buyer's payment or through the buyer's lender, after which your bank issues a closure letter and returns the original documents. Where the mortgage was registered, a release may also need to be registered so the encumbrance certificate reflects it. We coordinate the closure figure, the bank and the timing.

Start from prevailing market rates and recent sales of comparable properties nearby, then adjust for the property's size, condition, approvals and access, and for how quickly you need to sell. The guideline value is a reference for stamp duty, not a market price. We help you arrive at a realistic asking-price strategy; where you need a formal valuation report, for example for a bank or a legal purpose, that comes from a qualified valuer.

The legal heirs usually establish their rights first, for example with a legal heir certificate, and update the revenue records where needed. The heirs then typically join in the sale together, or some release their share to the others. Where heirs disagree or a Will is involved, an advocate should advise. We coordinate the paperwork and the people involved.

Generally, yes. One co-owner cannot usually sell the whole property alone: every co-owner signs the sale deed, or authorises someone through a properly executed and registered Power of Attorney. We plan the signing so that everyone, including anyone living elsewhere, can take part.

The buyer deducts TDS from the payment and deposits it with the tax department. For a resident seller, this is 1% where the sale value is ₹50 lakh or more, under Section 393(1) of the Income-tax Act, 2025 (the erstwhile Section 194-IA). For an NRI seller, TDS under Section 393(2) is usually much higher, and a lower-deduction certificate can be applied for before the sale. Make sure your PAN is correct on the documents so the credit reaches you, and confirm your position with a chartered accountant.

Yes, it can. If you held the property for more than 24 months, the gain is long-term and is currently taxed at 12.5% without indexation; resident individuals and HUFs selling property acquired before 23 July 2024 can compare this with 20% with indexation. Held for 24 months or less, the gain is short-term and taxed at your slab rate. Reinvestment exemptions may apply. Your actual liability depends on your cost, holding period and any reinvestment, so a chartered accountant should compute it; we coordinate with them.

NRI sellers usually face higher TDS, the sale proceeds generally go to an NRO account, and repatriation abroad is subject to RBI limits and conditions. If you cannot travel, a Power of Attorney signed abroad is properly executed and authenticated abroad, sent to India in the original and stamped in Tamil Nadu within the applicable time limit. It is generally not required to be separately registered in Tamil Nadu. Our NRI Property Services cover this end to end.

Once the sale deed is finalised and the stamp duty and registration fee are paid (in a typical Tamil Nadu resale the buyer pays them, currently 7% and 2% of the higher of the sale price and the guideline value, unless agreed otherwise), buyer and seller sign at the Sub-Registrar's office, where photographs and fingerprints are recorded. The registration is usually completed in a single visit. Keys, original documents and any title documents released by your bank are then handed over as agreed in the sale agreement. Finding a buyer and agreeing terms before this can take anywhere from a few weeks to a few months.