Bank Reference Letter For Residential Use Only: Fill & Download for Free

I can tell you my experience as I went through this 2 times.When your appointment completes at Passport seva kendra, the Passport office sends a form to the nearest police station given in the residential address in which, the Officer in charge of the station has to sign.As per the rules, they should visit your given residential address to verify. But, generally, they call to the police station for verification.In my case, they didn't even call me. I myself visited the station with all my documents and address proof after a week of appointment and found that they were having my passport form. Generally they ask for more than one address proof, I had only my rental agreement as my address proof so he asked me for more documents like HR reference letter mentioning my duration of stay and address, electricity bill, gas connection or bank statement mentioning my address. I was like what the hell is that but I didn't argue as I needed it on urgent basis. So, I said ok I'll come tomorrow with the details and then he gave me one more form to get the sign of my neighbor to testify my address.I didn't had my passbook mentioning my address as I was using Citi bank. Finally I logged in to my net banking requested address change and I downloaded my statement mentioning my address. Next day I asked my HR to provide the letter and my office mate to sign on the neighbor form to testify my address. Next day I visited with these documents, police took all the documents then he said give and go and I knew he is asking for bribe then I was ready for that and I hand over him 500 and said please proceed it fast. Last time whem I applied i didn't bribe and they submitted adverse report and my passport got rejected. This time I wanted it on urgent so I did whatever he asked.But even though he didn't uploaded my documents so after 5 day I again visited the police station and requested him to upload it soon. After that he uploaded all the documents and forwarded my file to commissioner office.After 3 days my report got clear and printing initiated.Thanks

Most answers with NO are having following trends to base on, and create sentiments out of:Generalize and debunk Mr. Oak’s claims, then make it a base to conclude. And / ORRefer to other ‘Mughal’ monuments that themselves are under question of whether they were by Mughals and captured and turned into.Use other Indian structures that look different, and then use them for claim.Few similar things were used by many of those with YESBe it a Mughal structure, a temple or something else, sentiments cannot conclude. We do not even know if it is in its original form and tampered at some point.There are some basic questions to answer that were ignored, or cleverly avoided. WITHOUT answering these, there is no point in concluding:While its construction completed in 1653, fully with white marvel, why did Aurangjeb have to seek help of King Man Singh in 1651 itself by writing a letter for repairing an ‘under construction’ building?What is ‘ॐ’ doing there, carved inside the structure called ‘Taj Mahal’? No Mughal will do it.What is the pot and leaves kind of structure doing at the top?If it revolves around Mumtaj,Why is it not ‘Meenar-e-Mumtaj’ or ‘Mumtaj Makabara’ or something similar?If Shahjahan loved her so much, why did he have to marry with lot others after Mumtaj?She died in Burhanpur in 1631 and buried there, why would Shahjahan build something 600 km away that takes another 22 years?Why is there no record of whether her remains were taken to Taj Mahal?Islamic tradition and text does not include architecture. What made mughals so expert all of a sudden after they entered India?Why was it built on a river bank? Does islamic tradition recommend / permits that?The small water body (fountains) and a high platform with a structure across, and few more structures around, is it really how tombs are built in Islamic world?Why does the carbon dating of a wooden door there suggests of 11th century?Whether its a tomb or Temple, one thing is for sure that there is something very fishy, and best efforts are being made to ensure that it remains fishy.

Caution: Long answer but worth reading…In general, flats are bought under two circumstancesUnder construction propertyReady to move-in propertyThe buying procedure is slightly different for under construction and ready to move-in property. Let me explain the procedure in a systematic way from under construction to ready to move-in.Under construction property:It's very important to verify the land document before we make a booking amount for under-construction property. Generally, booking amount ranges from 5–20%.Some unethical builders or sellers support document verification only after the booking amount paid. Kindly hold and never initiate transactions unless the documents are verified.General land verification goes as below1.RTC Extract: (Land record) RTC stands for Record of Rights, Tenancy, and Crop Information. RTC contains the details of,Survey numberLandowners detailsType of landArea of measurementWater rateSoil typeAgricultural, commercial, nonagricultural residential flood areaLand conversion detailsNature of possession of the LandLiabilitiesTenancyCrops grownExtract the RTC from Bhoomi Online service https://rtc.karnataka.gov.in/Service78/, it cost you Rs. 10/- to download an RTC extract.Please be note: It's advisable to extract few important documents directly from government server instead of depending on seller or builder. Chances that few unprofessional sellers or builders may tamper or duplicate the document. Do your own extract of important documents,An RTC looks like below image,2.Encumbrance certificate (for land): An encumbrance certificate is a certificate issued by the sub-register office of revenue department. An encumbrance certificate popularly knows as EC. An EC helps to verify,Mortgage liabilityCourt attachmentOwnershipProperty scheduleRegistration date and allotment numberMarket price and consideration priceDeed type (Acquired through sale deed, gift deed or inherited)History of registered transactions & ownershipsIf the land has been encumbered with court attachment, property has no marketing title and cannot entitle to sell.If the property has not encumbered, it has a clear marketing title to sell, buy, and build an apartment.The encumbrance certificate is usually issued in 2 forms: Form 15 or Form 16Form 15: is issued when the property has any encumbrance during the said period, Nature of encumbrance could be gift, partition, loan, lease, legality, and parties involved in dispute.Form 16: is issued when the property doesn’t have any encumbrance during the said period. Also, know as NIL ENCUMBRANCE CERTIFICATE (NEC). Having a clear marketing title to build.An encumbrance certificate looks like below image,An EC consist of 9 columns, refer the below image for the description of each columnYou can extract the EC from Kaveri Online Services https://kaverionline.karnataka.gov.in/ at the cost of Rs. 40/- per EC.3. Property Tax receipt: A property tax receipt, contain the details of,Tax payment (Amount and date of payment)Ownership detailsProperty scheduleApplication NumberWard numberKhata numberProperty tax receipt looks like below image.We can extract the property tax receipt from https://bbmptax.karnataka.gov.in/ at no cost. It's free to extract property tax. You need PID number or application number to extract tax paid receipts.4. Khata Certificate & extract: Khata is the recording of one's property in the books of the Government (here BBMP).When one registers Sale Deed in sub-register office, it is just an agreement between the seller and the buyer but when the Khata (of the property) is registered/transferred to one's name, it means the property is in the current owner's name in the government books.This also identifies the person/persons (on whose names the Khata is registered or transferred) Registered person(s) are primarily responsible for paying the tax.Khata certificate & extract contains the details of,Khata NumberOwnershipKhata transfer feeA Khata certificate & extract looks like below image,Page 1Page 2:Page 3:Khata can be extracted through Sakala online services Registration Page5. Landowner and builder agreement (if join venture): If the project is a joint venture between landowner and builder. It's important to go through the joint venture agreement to understand the responsibility of landowners and builders.The main intention of going through the joint venture agreement is to understand the feasibility & possibility of the partnership better the landowner and builder.If there is trouble in join venture, A project may halt for some duration of time till the issue get resolver among landowner and builder.A joint venture agreement must be a registered agreement.6.Building approval plan: Approval Plan from BIAPPA/BDA is necessary. Approval is provided based on the regulation of residential land, basic utilities, safety in place. Should not be an issue to construct a residential building here.7. Floor plan: Helps clearer visuals of the entire property. Buyers can use a floor plan alongside photos to understand the layout and space of the house. A clean floor plan shows the true size and potential of every roomAt the time of booking8. Agreement of SALE: It's important to execute an “agreement of sale” on or before making the booking amount to seller or builder. This is the promissory document that seller or builder is agreed to sell the property in future date, subject to terms & condition mentioned in sale agreement.Stamp duty: 0.1% of consideration value or market value, whichever is higher. Paying 0.1% stamp duty is important for loan documentation.Stamp duty can be paid in form of e-stamping or franking.At the time of project completion9. Completion Certificate: Completion certificate is issued by Municipal Corporation once the project is completed as per the approved layout plan.10. Occupancy Certificate: is also issued by Municipal Corporation after ensuring that basic amenities like Electricity Connection, Water Supply, Sewage Connection are provided as per the approved plan.At the time of Possession11. Sale Deed Registration: Once the project is complete in all respects and has received Completion and Occupancy Certificates from BBMP, the Builder shall transfer the property in your name by executing a Sale Deed that will be registered at the respective sub-register office.Sale Deed is the important document of ownership, it should be retained safe. In case, you have taken a home loan, original copy of Sale Deed may be retained by Bank till the loan repaymentTo boost the real estate sentiment in the State, the Karnataka government has announced a cut in the stamp duty rate on properties priced below Rs 20 lakh and between Rs. 21 -35 lakh.The announcement was made on 27th May 2020 during the COVID 19 pandemics.The rate cut is focusing on affordable housing. Rate remains same as before for premium housing that is valued more than Rs. 35 Lakh.The below table describes the latest stamp duty and registration charges,0.5% cess charge applicable across all the segments of affordable and premium housing.The stamp duty & registration charge calculation goes as belowExample 1: The purchase price is Rs. 20 Lakh,Stamp duty : 20,00,000*2% = Rs.40,000/- (DD on the name of respective sub-register office)Registration charge : 20,00,000*1% = Rs.20,000/- (DD on the name of respective sub-register office)Cess : 20,00,000*0.5% = Rs.10,000/- (DD on the name of respective sub-register office)Example 2: The purchase price is Rs. 35 Lakh,Stamp duty : 35,00,000*3% = Rs. 1,05,000/- (DD on the name of respective sub-register office)Registration charge : 35,00,000*1% = Rs.35,000/- (DD on the name of respective sub-register office)Cess : 35,00,000*0.5% = Rs.17500/- (DD on the name of respective sub-register office)Example 3: The purchase price is Rs. 80 Lakh,Stamp duty : 80,00,000*5% = Rs. 4,00,000/- (DD on the name of respective sub-register office)Registration charge : 80,00,000*1% = Rs.80,000/- (DD on the name of respective sub-register office)Cess : 80,00,000*0.5% = Rs.40000/- (DD on the name of respective sub-register office)Note: 0.1% of stamp duty in sale agreement, can be offset at the time of sale deed registration. Avoid double payment.You should carry following documents at the time of sale deed registration.Sale agreementProperty tax receiptKhata certificate & extractAdhara ( Preferably link your mobile number for digital signing - Its easy & convenient at the time of registration)12. Possession Letter: Once, Sale Deed is registered in your name, the builder will give you possession letter after handing over physical possession of the property.13. Allotment letter: Builder will provide the allotment letter for parking space.Below are the few points to be considered while buying a flat in Bangalore.Avoid choosing the property next to STP, recycling plant, garbage dumping spot, graveyard, high way, railway track, and polluting industry. Stay away from pollution for cause of your health & well being.Visit the project history of builder and check the quality of constructionFlat should have natural light and decent air circulation.Avoid 100% self-financing. Prefer bank loan, loan helps to control your cash flow. Bank supports for document verification besides offering loans.Avoid verbal agreement and verbal promises from seller. Keep all the possible terms & conditions in sale agreement till the sale deed executionAs you know real-estate market is not fixed. we need strong negotiation skills to bring down the price.Keep the booking amount as low as possible. Release rest of the amount only after you get confident about project progress. Avoid complete settlement in advance. Make the payment in installment as the project progress.Under-construction properties are paid based on the progress of the project. like on-booking. 10%, Basement 10%, 1st floor, 10%, 5th floor 10%, plastering, finishing and registration. Release the fund slowly as the project progress.Keep the record of payment. Avoid cash. Make payment through online, cheque or DDFranking of sale agreement is mandatory to opt for bank loan.Franking your agreement gives you better legal stand in case fail in delivery of possession, deal cancellation, delay possession by seller.If the agreement is signed by GPA holder, collect the registered GPA from seller for cross verification.Keep the eye on penalty clause in sale agreement. if delay in payment. Most seller demand at-least 18%.What is sale agreement says, if builder delay in delivering the possession.What is in sale agreement, if buyer cancels the deal? Most seller deducts at least Rs. 1.5 Lakh or 10% of booking amount as liquidated damage. The Balance amount will be initiated only after the schedule property sold to other prospective buyer. Refund process is time-consuming and losing bank interest for buyer. (Try to modify this clause on your favor)16.Most seller allows the property registration only after the complete payment that includes consideration price + parking charge + administrative charge if applicable + corpus fund if applicable + 3 years maintenance cost in advance + Utility implementation charges if applicable ( electric meter + bore-well +STP + water recycling + water softener etc..17. Most seller provides only bore well water facility. At later stage, if owners association decided to access Cauvery water connection, each flat owner may suppose to contribute around Rs. 45,000/- per flat for cauvery water connectivity.18. Buyer may spend another Rs. 10,000 for property tax application, khata transfer application, name change at electricity bill19. Additional cost applicable for modification. The modification should be informed well in advance at the time of slab construction. Seller will not permit buyer to do modification on his/her own or modification should be done with permission of builder.20. Most builders monopolies the interior contractor but you can take a call with price & quality competitive vendor after the sale deed is done.21. You may not able to choose your parking space. Parking space is allotted by the builder. You should be lucky if no water or STP pipe running just above your parking space or there might be occasional water dripping from pipe. which might spoil the place and vehicle due to constant dripping. (Keep note of this point and inform the seller about your preferred parking spot at the time of paying booking amount itself)22. Avoid parking space just above the underground water tank or STP. Such parking spot are very dangerous and not authorized to allot such space for parking23.Hidden charges:Most builders charge administrative fees of at least Rs. 50,000/-. I really don’t understand why most builders charge an administrative fees of Rs. 50,000/- when the buyer itself pays for all the paperwork of stamp duty and registration charge.Most builders charge the non-refundable corpus fund of at-least Rs. 50,000/-. apart from 1st 3 years of maintenance cost in advance. Maintenance cost roughly around Rs.3.5 per sq.ft.For example, if your flat size is 1000 Sq.ft. you need to pay Rs. 1,26,000/- as 3 years maintenance cost on or before registering the property24. Be aware of your taxation. If the consideration value is more than Rs. 50 lakh. Buyer should pay TDS. TDS is 1% of considerable value. Pay TDS on time to avoid late payment fee. Most sellers are least bothered to discuss taxation part. Take interest and clear your tax on-time.25. Get the property inspected by professional before you get the possession from seller. Make sure the tiles, kitchen granite, piping, wiring, switchboards, and doors are fitted well.No seepage, no wall cracked and decently painted. Seller may not care to address the issue once after the possession letter is signed by you.We provide the service of document verificationWe provide the service “sale agreement” drafting + execution + arranging seller & buyer signature + franking + home deliveredWe provide the service of sale deed drafting + execution + home delivered.To opt for our service, please whatsapp 9 7 4 2 4 7 9 0 2 0.Thank you for reading…