FAQ's
Common Queries
Have questions? We've got answers. Browse our frequently asked questions to learn more about buying, selling, renting, financing, and our services. If you can't find what you're looking for, our team is always here to help.
A Developer is the company or person responsible for conceptualizing, financing, constructing, and managing a real estate project. The developer acquires land, obtain approvals, appoint architects, Consultants and contractors, and completes the project. A Realtor or Real Estate Agent is an intermediary who helps customers purchase, sell, or rent properties.
In simple terms:
• Developer = Creator / Builder of the Project
• Realtor = Sales Agent / IntermediaryA Residential Project is a planned development consisting of apartments, villas, towers, bungalows, or residential units with facilities such as security, parking, lifts, landscaped areas, power backup, and recreational amenities.
As per RERA, Carpet Area means the net usable floor area inside the apartment. It excludes external walls, balconies, terraces, verandahs, and service shafts but includes internal partition walls. Carpet Area represents the actual usable area available inside the flat.
Built-up Area includes Carpet Area plus the thickness of external walls, Balconies, Verandahs, Terraces and other covered usable spaces within the unit which doesn’t form the part of Carpet Area.
Super Built-up Area includes the Built-up Area plus proportionate share of common areas such as lobbies, staircases, lifts, corridors, Underground water Tank, Fire Tank, Overhead Water Tank, Fire Refuse Area, clubhouse, and amenities.
Loading Factor is basically proportionate Common Area of the project which is proportionally loaded on the Built-up Area of an Apartment to arrive at Super –built-Up area. In Bengal it is mostly expressed as percentage over Super-Built-up Area.
Earnest Money is a booking amount paid by the buyer to confirm his/her/their serious intention to purchase a property. It is usually 10% of the Total Consideration amount and is adjusted against the total consideration amount.
Floor Area Ratio is the ratio between the total built-up area permitted on a plot and the total plot area. It determines how much construction can legally be done on a property.
CAM charges are fees payable by property owners or tenants for maintaining common areas such as elevators, parking areas, security systems, gardens, lobbies, and corridors in residential or commercial properties.
Freehold property provides complete ownership rights over the property and land for an unlimited period. Leasehold property is given on lease for a fixed duration, after which all the rights regarding Property usage will revert to the original owner or authority.
In a Real Estate a joint venture (JV) property is a project or property wherein Landlord gives his Land to Developer for Development with requisite powers in lieu of certain constructed or finished areas (Area Sharing) or in lieu of money consideration (Revenue Sharing) and wherein Developer is responsible for construction or development of the Land in a mutually agreed ratio.
Unit
1 Mtr. or 1,000mm
1 Ft.
1 Sq. Mtr.
1 Acre
1 Decimal
1 Chatak
1 Katha (WB)
Equivalent
3.281 Ft.
12 Inches
10.7635 Sq. Ft.
43,560 Sq. Ft.
435.6 Sq. Ft.
45 Sq. Ft.
750 Sq. Ft. / 16 Chatak
RERA Registration means the project is registered under the Real Estate Regulatory Authority. It ensures transparency, timely possession, accountability, and protection of buyers’ interests.
Projects with land area exceeding 500 square meters or having more than 8 units generally require RERA registration.
Stamp Duty is a tax payable to the State Govt. by the Buyer during property registration. It is calculated on the higher of market value or agreement value.
Registration Charges are government fees payable by the Buyer for legally recording ownership of the property in the buyer’s name.
An Agreement for Sale is a legally binding agreement containing details such as sale consideration, payment schedule, possession timeline, specifications, and obligations of both parties.
A Sale Deed or Conveyance Deed is the final legal document executed after full payment in which ownership, right title and interest in the property is transferred or conveyed from the Owners to the buyer.
Agreement for Sale: A promise to sell under agreed terms and conditions. Sale Deed: Final transfer of ownership rights after full payment and registration .
Completion Certificate is issued by the competent Authority confirms that the building construction has been completed according to sanctioned plans and applicable rules.
Before purchase, buyers should verify:
• RERA Registration Certificate
• Title Ownership Documents
• Approved Building Plan
• Draft Agreement for SalePossession is a stage when developer hands over the physical unit to the buyer after completion of construction and required formalities.
Before possession, buyers may need:
• Full payment clearance
• Execution of Sale Deed
• Stamp Duty and Registration payment
• Acceptance of Possession Letter
• Utility charge clearanceA Possession Letter is an official document issued by the developer confirming handover of the unit complete in all respect for their peaceful possession.
In case of delay beyond the committed timeline and grace period, buyers may be entitled to compensation, interest, refund, or revised possession timelines according to RERA and Agreement terms.
After possession, buyers become responsible for maintenance charges, property tax, utility bills, interior works, follow society rules, and upkeep of the unit.
Fit-out means the buyer is allowed to start interior work and customization before full occupancy.
Maintenance Charges are collected for operation and upkeep of common facilities such as lifts, lighting, security, landscaping, housekeeping, generators, and common utilities.
Sinking Fund or Corpus Fund is a reserve fund collected for future repairs, renovation, replacement, and emergency maintenance of common infrastructure.
Preferential Location Charges (PLC) are additional charges applicable for premium units such as garden-facing, south-facing, corner, podium-facing, or park-facing units.
Floor Escalation Charges are additional charges levied on higher-floor apartments due to better views, ventilation, and market preference.
DG Charges are collected for providing diesel generator backup facilities for common areas and individual units.
Mutation Charges are payable for updating ownership records in municipal or revenue department records after transfer of ownership.
Club Maintenance Charges are collected for operation and upkeep of clubhouse facilities such as gym, indoor games, swimming pool, and recreational areas.
Association Formation Charges are fees collected for creating and registering residents’ associations such as Apartment Owners Association or Resident Welfare Association.
Nomination/Transfer charge means the charge that is levied on any transfer/assignment/nomination by the Purchasers of the said unit before the Deed of Conveyance is executed by the Developer.
Depending on the nature of the property, buyers may need to pay GST, Stamp Duty, Registration Charges, Municipal Taxes, and statutory levies.
GST is generally applicable only on under-construction properties. Ready-to-move properties with Occupancy Certificate, resale properties, and land purchases usually do not attract GST.
Current GST Rates
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Affordable Housing: 1%
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Residential Under-Construction Property: 5%
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Commercial Under-Construction Property: 12%
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Ready-to-Move Property with OC/CC: No GST
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Affordable Housing generally means properties valued up to ₹45 lakh subject to prescribed carpet area limits under GST regulations.
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Under income tax laws, buyers purchasing property above ₹50 lakh must deduct TDS and deposit it with the government.
Yes. Buyers may be eligible for tax benefits under income tax laws on:
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Principal repayment of home loan
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Interest paid on home loan
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Eligibility depends on the property type, loan structure, and applicable tax laws.
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Yes. Charges such as PLC, floor rise, parking, clubhouse, and amenities may attract GST depending on prevailing government rules.
Yes, maintenance charges may attract GST if they exceed the prescribed government threshold. This typically applies to the services provided by the developer or facility Management Company.
If you have any questions or concerns regarding this Privacy Policy, please contact us at: realestate@yadukagroup.com