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Average Down Calculator Averaging down can be an effecive stock market investing strategy when you believe the price will move higher


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Section 55 of Transfer of property Act requires two Indexes to be maintained regarding to property transaction

Index No. I shall contain the names of persons executing the document and persons claiming under every document entered/filed in Book No. 1.

Index No. II shall contain the particulars (description with boundaries, etc.) of the property and other particulars relating to every such document as may be directed by the Inspector General from time to time.

There are Rules under the Registration Act prescribed for every state including karnataka.

As far as your query is concerned, it is mandatory to have the description of property mentioned in 2 places in the sale deed.

The details of the subject matter of the sale deed will be mentioned in 2 places.

1) Subject matter of the sale deed: (this appears in either the main document) : THis is basically to ensure that both the vendor and vendee agree to the sale of same subject matter .

(In the first instance, the details of the properties that is survey numbers, door numbers, location, Flat No. xyz,having a super built up area 1234 square feet with terrace xy square feet along with undivided interest in the land namely sq ft,

The boundaries, land mark, location of the property are not mentioned in main subject matter.

2) The second instance i.e property schedule is more about identification of property and also provides unique details of the property along with its boundaries, area, location, land mark etc.

The property schedule comprises of

Property situated at Survey No.PQR, Property No.PQR, admeasuring an area of __________ situated at --------- Village, , Bangalore South Taluk etc plus the following:

1) Flat No. xyz,having a super built up area 1234 square feet with terrace xy square feet along with undivided interest in the land namely sq ft, with One parking area admeasuring xxx square feet

2) Floor number , in the residential apartment building known as “ABC Apartment”,

3) Boundaries

North

South

East

West etc


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What is schedule b property in bangalore?


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