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Lawyer's Fees and Title Search Cost: Pune

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Lawyer's Fees and Title Search Cost: Pune

Last updated: October 9 2018
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  • Lawyer's Fees and Title Search Cost: Pune

    Hi friends,

    I am going to buy a 1 BHK in Magarpatta, Pune. Getting loan of 30 lakhs from HDFC bank. The loan agent is saying that apart from the processing charges (12k and 6k for stamp duty), I need to pay for the lawyer and title search report. Is that really necessary?

    Lawyer Fee: 10K

    Title search : 4K

    Government Documentation charge: 1.5 K

    Is the quoted price right? Also, what will be the lawyer's involvement other than executing the sale to agreement paper execution?

    Thanks.
    Last edited September 24 2018, 02:04 PM.
  • #2

    #2

    Re : Lawyer's Fees and Title Search Cost: Pune

    Hi,

    I think its not required. Just walk into nearest HDFC home loan branch and talk to the branch manager. BTW at what price your buying the 1 BHK and which project in Magarpatta city?

    Thanks.
    Last edited September 24 2018, 06:18 PM.

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    • #3

      #3

      Re : Lawyer's Fees and Title Search Cost: Pune

      Ideally, the lawyer is required to verify the title of the property and encumbrances, if any. Executing the deed of sale is only a procedural thing.

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