What is FSI - FLOOR SPACE INDEX?
FSI is the ratio between the area of a covered floor (Built up Area) to the area of the plot on which a building stands. It helps you understand the amount of space available for you apart from your home.
What is CARPET, BUILT-UP AND SUPER BUILT-UP AREA?
Carpet area indicates the area that can be covered by a carpet, essentially the area you can actually use. Built-up area is the area after adding wall area in to carpet area and super built up is the area calculated by adding the built-up area and common areas like the corridor, lift lobby, lift, etc.
What is REGISTRATION AND STAMP DUTY?
Registration and Stamp duty helps you get the property legally transferred and registered in your name, which also helps to eliminate any ownership dispute.
What is BU?
Building Use Permission is important documents that every builder must possess. This state that the building is constructed as per safety regulations, standard laws and is ready for you to move in.
What is SALE DEED?
A sale deed is a legal way of transferring rights of ownership of immovable property from the builder or the owner of the property to the society. This is important as it lets you enjoy the ownership rights over the land, thereby giving society the power over themselves.
What does FREEHOLD PROPERTY mean?
A property where title paramount has conveyed the property in favour of the purchaser by conveyance/ sale deed with no restriction on the right of the holder of the property to further transfer the property. Record of ownership of the freehold property can be ascertained from the office of the sub-registrar. It can be transferred by registration of sale deed.
