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How to buy an Apartment in Noida? Flat Registration Charges?

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Why should you buy an apartment in Noida? It’s important to consider carefully before investing so much money in an apartment, but you can’t afford to reject a fantastic offer. So, this is the post for you to read if you have any doubts about acquiring a residential property in Noida.

Over the last few years, Noida has grown as a popular location for apartment buyers and people prefer to buy an apartment in Noida only.. Noida and Greater Noida, as well as the Yamuna Expressway and Noida Extension, offer cheaper options to the national capital region’s middle-class consumers. The average Noida property rates in these areas are much cheaper than in Gurgaon, which is known for its high-end apartments.

Things to consider before buying an apartment in Noida

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  • Compare apartment rates along the Yamuna Expressway, which links Greater Noida and Agra.
  • Take down the whole payment conditions with the vendor before buy an apartment in Noida, including the gross amount, total stages, and payment duration.
  • Obtain all of the aforementioned paperwork from the vendor. Remember that each document is vital. 
  • If you miss any document, you may face legal troubles in the future. 
  • Ensure that all sections of the papers are thoroughly read and that penalty clauses are understood.
  • Consult a professional and thoroughly review the paperwork. Ensure that all papers are legitimate and have been authorized by the appropriate authorities.
  • Once the transaction is completed for buy an apartment in Noida, go to the Sub-Registrar Office in Noida with witnesses and identity papers like a Pan Card, Voter ID, or Aadhar Card to finish the registration procedure.

Reasons to buy an apartment in Noida

Cost of living

When compared to Delhi or Gurgaon, Noida, located in the green belt, provides a more inexpensive lifestyle. Delhi, India’s capital city, is crowded and has the highest housing prices. You can also get flats in Noida for 15 lakhs.

Employment opportunities in Noida

Noida is a commercial center with several commercial structures from well-known builders. Top Indian firms in Noida include Times of India, DishTV India Ltd, Paytm, and others. Tata Consultancy Services, Microsoft, NIIT Technologies, Adobe, Oracle, and Infosys are among the top IT businesses in Noida. Not only these many upcoming industries in Noida also offer job opportunities.

Potential for Investment

From an investment standpoint, one may easily acquire a house in Noida at a young age. Because Noida is undergoing significant infrastructure development, purchasers should expect substantial returns in the future.

Responsibilities are limited

A person or a couple must assume modest obligations from a young age, which will grow with the passage of time. As a result, if the house is acquired at a younger age, it will be easier for an individual or a couple to handle finances in addition to the other duties put upon them with time.

Also check: Buy an apartment in Gurgaon

Required documents to buy an Apartment in Noida

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Certain documentation will be required depending on the type of property being owned. Furthermore, these legal documents must be validated. If you want to buy an apartment in Noida residential plot.

You must complete the steps below while holding the necessary documents:

  1. Receive the builder’s booking form.
  2. Completed booking form, together with ID evidence, a check, and a copy of your PAN card.
  3. Begin the payment transaction (vary from builder to builder)
  4. Obtaining the Builder-Buyer Agreement
  5. Payment completion (depends upon the payment plan chosen by the buyer)
  6. Obtaining a certificate of no dues from the builder
  7. Begin the registry procedure by submitting the required papers, which include the PAN Card, Aadhar Card, No Dues certificate, and the presence of a witness and witness documentation.

How to buy an apartment in Noida? 

You may have a few alternatives if you want to register a house or apartment in Noida. You can speak with a real estate agent or even browse internet portals. In addition, you may get in touch with the developer directly for the apartment you want. Another option is to speak with a real estate firm and provide the necessary qualifications to buy an apartment in Noida. Last but not least, a lot of web sites now provide property buying, so you may utilise them to find your dream home. 

Additionally, If you intend to do the registration process of apartment in Noida extension, you must ensure that you have all of the appropriate papers and documentation with you at the time of registration. The following documents are necessary for property registration in Noida:

  • A copy of the No Duties Certificate
  • Allotment letter self-attested
  • A copy of the possession letter
  • If you have taken out a loan, you will need a Loan sanction letter.
  • Bank NOC after obtaining a house loan
  • A copy of your self-attested ID and PAN card
  • Address proof copy.
  • Bank-attested photograph and signatures.

Documents to be verified by the buyer

Before initiating the flat registration process in greater Noida, double check the below documents carefully.

  • Copy of the sale document from which the seller obtains property ownership
  • All previous sale deeds must be copied for verification of all previous owners of the property.
  • Registration information for a sale deed
  • Payment receipts from the buyer to the seller under the Property Sale Agreement
  • Copy of the sale deed for registration purposes

What is the approximate price to buy an apartment in Noida?

Area Apartment type Price
Noida Extension 2 BHK 30 to 40 Lakhs
Noida Extension 3 BHK 60 Lakhs and above
Grater Noida sector 16 2 BHK 60 Lakhs and above
Sector 128 4 BHK 3 crores and above

What are the registration charges while purchasing an apartment?

Stamp duty and registration charges in Noida 2022 are as follows:

The Noida Authority reduce the transfer cost for residential properties in the resale category from 5% to 2.5% in September 2021. The levies a 7% stamp tax on male and female owners. Females and male owners, however, receive a Rs 10,000 discount on flat registration charges in Noida. The registration price is 1% for everyone.

Also check: Buy an apartment in Bangalore

Conclusion

Noida has become a magnet for various global corporations, and its closeness to the capital city ensures that it will soon become a megalopolis. The new airport in Jewar has only accelerated expansion and will improve sales of projects in Noida, Greater Noida, and the Yamuna Expressway. Given its infrastructure and quality of life, Noida has the potential to be a top real estate destination with guaranteed long-term profits. All these reasons ensure that buy an apartment in Noida is a good idea.

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