India Real Estate Dictionary

Tax Deducted at Source at 1% of property sale consideration (if property value exceeds ₹50 lakh) — deducted by buyer from payment to seller and deposited to government. For NRI sellers, TDS rate is 20–30%.

Administrative sub-division of a district in India. Revenue records including Jamabandi, Fard, and Intkal are maintained at the tehsil level.

Person who occupies a property under a rental or lease arrangement. Rights and obligations governed by relevant state Rent Control Act and the rental agreement.

Legal ownership of a property. Clear title = unambiguous, uncontested ownership. Marketable title = title that can be sold without reasonable objection. Title verification is essential due diligence.

The document (sale deed, gift deed, inheritance) that confers ownership of property. The most fundamental property document.

Insurance protecting buyer against losses from defective title, undisclosed liens, or legal disputes. Not widely used in India but available from some insurers.

Small initial payment (₹11,000 to ₹1–2 lakh typically) paid to block a property before formal agreement. Typically refundable if deal does not proceed.

Central law governing transfer of immovable and movable property in India — including sale, mortgage, lease, exchange, gift, and actionable claims.

Common term for the Chandigarh metropolitan region comprising three cities: Chandigarh (UT), Mohali (Punjab), and Panchkula (Haryana). Major real estate market in North India.

Telangana State Real Estate Regulatory Authority — state RERA for Telangana. Official portal: rera.telangana.gov.in. Covers Hyderabad and all of Telangana.

Tamil Nadu Real Estate Regulatory Authority — state RERA for Tamil Nadu. Official portal: tnrera.in. Covers Chennai, Coimbatore, and all of Tamil Nadu.