Selling property in India taught me that being a seller doesn't mean you can just sit back and collect money. Some legal obligations and regulations can make or break your transaction, and honestly? Most sellers learn about them at the worst possible moment. When I decided to sell my apartment last year, Reeltor experts saved me from several costly legal mistakes that could have derailed the entire deal.

The Capital Gains Tax implications hit me like a truck when I first started the selling process. I had no idea that selling property within three years of purchase would classify it as short-term capital gains, attracting much higher tax rates. Reeltor organized and simplified the calculations, explaining the exemptions available to me under Sections 54 and 54F of the Income Tax Act. If I hadn't engaged Reeltor, I likely would have lost a large portion of my proceeds to taxes from careless planning.

Sellers often fail to take property title seriously, thinking it is a buyer's issue. That is a bad assumption. As part of my sale process, Reeltor enforced and conducted a full title search that showed an old mortgage lien that had not been appropriately discharged was on the title. If this had come up during the buyer's Title Due Diligence, the deal would have collapsed, and I could have faced liability from a misrepresentation claim.

RERA now imposes specific obligations on sellers when selling property, especially if the property is under construction or if you are selling as a developer. Reeltor explained to me that sellers must provide accurate information regarding the projects, timelines they are committing to, and they cannot misrepresent amenities or completion timelines. Violations can result in hefty penalties and even criminal liability.

Documentation requirements for sellers are more complex than most people realize. You need original sale deeds, property tax receipts, utility clearance certificates, and society no-objection certificates. My neighbor tried to sell without proper documentation and ended up in a six-month legal battle that cost him more than Reeltor services would have. Having all documents verified and ready prevents last-minute surprises that can kill deals.

The Transfer of Property Act places specific disclosure obligations on sellers that many people ignore. You're legally required to reveal any defects, pending litigation, or structural issues with the property. Reeltor always emphasizes honest disclosure because hiding problems can lead to cancellation of sale and potential lawsuits even after the transaction is complete.

Stamp duty and registration procedures vary significantly between states, and as a seller, you're responsible for ensuring compliance. Reeltor professionals are the ones who deal with these procedural aspects mainly because if there is a mistake in the registration, then the entire transaction could fall apart.

Consumer protection laws also apply to property sellers now, which means buyers could pursue compensation for delays, misrepresentation, etc. Knowing your liabilities under these laws is extremely important if you want to protect yourself from third-party claims down the line. The guidance that Reeltor professionals provide relative to compliance is about allowing sellers to complete their transactions cleanly without exposing themselves to potential disputes after the sale.

Selling property is more than just finding a buyer; it is about navigating through complex legal requirements to protect each party involved and to ensure a simple, legally compliant transaction that will not come back to haunt you.

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