Hi,

I am taking a loan for a resale property in Hyderabad. My bank asked for certain documents and I submitted them all. Now, they have issue with the agreement of sale. They are saying that it must be registered with the registrar's office. Is it required for all banks that sale agreement must be registered for home loan? Or should I just apply at some other bank?
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  • Originally Posted by ajinky8605
    Hi,

    I am taking a loan for a resale property in Hyderabad. My bank asked for certain documents and I submitted them all. Now, they have issue with the agreement of sale. They are saying that it must be registered with the registrar's office. Is it required for all banks that sale agreement must be registered for home loan? Or should I just apply at some other bank?

    Depends on the bank. Try with other bank too.
    CommentQuote
  • Thank you. Also, is 1% TDS over 50 lacs is applicable on MV or the registration amount only? Say my MV is 60lacs but I am registering only for 30 lacs as per govt valuation, do I need to pay TDS?
    CommentQuote