Jameel replied on Sunday, September 16, 2012 07:32 PM
property tax is not related to Taxes at time of transfer, usually 5 Merla house Does not have property tax unless rented or used or located in commercial area, normally it is Nominal and in good area it just 2 thousands for 10 Merla per year.
For registry type area it is difficult to verify loan, One have to deposit original registry in Bank to get loan, and Bank Inform the registrar office that there is loan on the property. As Patwar Khana system is full of corruption so one can pay some thousands to Patwari not to disclose this information.
In this case it is very Important to recognize and understand original registry. If it is duplicate or called Naqal which every owner can request from Court then it is advisable not to do deal. So it is very important to understand papers.
In regulated society you pay major amount in front of transfer officer in form of Pay order, The Transfer officer's Job is to get the File of Property and study it then see and verify the Originality of Papers of seller and recognize seller in person by ID. when these things are done then you can give Pay order, These officers are expert and reliable so chances of deception are less.
In case of Patwar Khana the actual transfer takes place months after payment. The Court Registry does not verify originality of seller or his documents, neither Court have previous record. A Max they ask for Fard which is proof of ownership.
I dont know why you are doubting about loan if there is news like this it leaks |
