{"id":5843,"date":"2024-03-08T17:00:45","date_gmt":"2024-03-08T11:30:45","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=5843"},"modified":"2024-02-15T18:11:11","modified_gmt":"2024-02-15T12:41:11","slug":"nri-property-sale-step-by-step-guide-your-hassle-free-journey","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/","title":{"rendered":"NRI Property Sale, Step-by-Step Guide: Your Hassle-Free Journey"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Introduction\" title=\"Introduction\">Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Step_1_Consult_a_Chartered_Accountant\" title=\"Step 1: Consult a Chartered Accountant\">Step 1: Consult a Chartered Accountant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Step_2_Find_a_Genuine_Buyer\" title=\"Step 2: Find a Genuine Buyer\">Step 2: Find a Genuine Buyer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Step_3_Verify_the_Buyers_Authenticity\" title=\"Step 3: Verify the Buyer&#8217;s Authenticity\">Step 3: Verify the Buyer&#8217;s Authenticity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Step_4_Agreement_to_Sell_and_Registration\" title=\"Step 4: Agreement to Sell and Registration\">Step 4: Agreement to Sell and Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Step_5_Sale_Deed_and_Final_Payment\" title=\"Step 5: Sale Deed and Final Payment\">Step 5: Sale Deed and Final Payment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#About_the_Author\" title=\"About the Author\">About the Author<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><b>Introduction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you&#8217;re an NRI planning to sell your property in India, navigating the process might seem overwhelming at first. The good news is, we&#8217;ve got you covered! In this comprehensive guide, we&#8217;ll walk you through the step-by-step process for a hassle-free property sale experience. By the end of this article, you&#8217;ll have a clear plan and approach to make your property sale a smooth and successful one.<\/span><\/p>\n<p><b>Don&#8217;t let reading hold you back, Watch our video instead<\/b><\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/b2HFF10BXqM\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_1_Consult_a_Chartered_Accountant\"><\/span><b>Step 1: Consult a Chartered Accountant<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Before you take any further steps, it&#8217;s crucial to consult a chartered accountant who specializes in NRI property sales. They will help you understand the capital gains tax implications and advise on applying for a lower TDS (Tax Deducted at Source). Planning these aspects in advance, especially for inherited or jointly-owned properties, will save you time and potential complications later. Initiate the process for lower TDS as it might take up to 45 days, and you wouldn&#8217;t want to keep your potential buyer waiting.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5845 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-14-155438-300x208.png\" alt=\"Chartered Accontant\" width=\"392\" height=\"272\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-14-155438-300x208.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-14-155438.png 668w\" sizes=\"(max-width: 392px) 100vw, 392px\" \/><\/p>\n<p><b>Consult CA Arun Tiwari for more information at \ud83d\udcde 8080088288 or cs@aktassociates.com<\/b><\/p>\n<p><a href=\"https:\/\/pages.razorpay.com\/akt-nri-tax-consulting\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5776 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Consult-CA-A-Tiwari.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Consult-CA-A-Tiwari.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Consult-CA-A-Tiwari-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_2_Find_a_Genuine_Buyer\"><\/span><b>Step 2: Find a Genuine Buyer<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To find the right buyer for your property, explore various avenues. Register your property on online platforms like nobroker.com, 99acres, and magic bricks. Additionally, approach multiple brokers to get a clear idea of your property&#8217;s real value in the market. Don&#8217;t solely rely on one person&#8217;s opinion, as it might lead to incorrect valuation expectations. Remember, it&#8217;s essential to set a reasonable price expectation to attract genuine buyers. Avoid dealing in black money; strive to sell your property in white for both your benefit and the buyers.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_3_Verify_the_Buyers_Authenticity\"><\/span><b>Step 3: Verify the Buyer&#8217;s Authenticity<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once a buyer shows interest, take precautionary measures to ensure their authenticity. Ask for a small token amount (e.g., one lakh rupees) and provide them with a copy of your property documents for legal verification. This Memorandum of Understanding (MoU) will help you determine if the buyer is genuinely interested in the property. Avoid sharing property documents with every prospective buyer to prevent misuse.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5846 size-large\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-Sale-1024x403.jpg\" alt=\"NRI Property Sale\" width=\"1024\" height=\"403\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-Sale-1024x403.jpg 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-Sale-300x118.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-Sale-768x302.jpg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-Sale-1536x604.jpg 1536w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-Sale-2048x805.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_4_Agreement_to_Sell_and_Registration\"><\/span><b>Step 4: Agreement to Sell and Registration<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once you verify the buyer&#8217;s genuineness, proceed to execute the Agreement to Sell. Here, the buyer pays their contribution (e.g., 20% of the property value) and the required stamp duty. The Agreement to Sell is an initial document that marks a binding contract between you and the buyer. After registration, this document can be enforced if any party breaches the agreement. In case the buyer is availing of a loan, the agreement will be deposited with the bank as a mortgage.<\/span><\/p>\n<p><a href=\"https:\/\/aktassociates.com\/nri-lower-tds\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4867 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/N.png5664.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/N.png5664.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/N.png5664-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_5_Sale_Deed_and_Final_Payment\"><\/span><b>Step 5: Sale Deed and Final Payment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Finally, the sale culminates with the Sale Deed or the Conclusive Agreement. This legal document signifies that both parties have fulfilled their obligations\u2014the buyer has made the final payment, and you have transferred the property&#8217;s possession. In cases where the buyer availed a loan, the bank releases the balance payment, and you execute the Sale Deed. Remember, the Sale Deed ensures a smooth and conclusive property sale.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5847 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-scaled.jpg\" alt=\"NRI Property Sale\" width=\"2560\" height=\"940\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-scaled.jpg 2560w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-300x110.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-1024x376.jpg 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-768x282.jpg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-1536x564.jpg 1536w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Property-sold-2048x752.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">By following this step-by-step guide, you can confidently navigate the process of selling your property in India as an NRI. Seek professional advice, verify your buyer&#8217;s authenticity, and ensure all legal formalities are meticulously executed. Selling your property in white will safeguard your interests and provide a seamless transaction. Feel free to reach out with any questions or clarifications, and make informed decisions to have a successful property sale experience.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"About_the_Author\"><\/span><b>About the Author<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">CA Arun Tiwari is an expert in real estate transactions and taxation, guiding NRIs through their property sales with years of experience and expertise. His videos and articles provide valuable insights to help NRIs make well-informed decisions in their property sale journey.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction If you&#8217;re an NRI planning to sell your property in India, navigating the process might seem overwhelming at first. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"NRI Property Sale, Step-by-Step Guide: Your Hassle-Free Journey\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/nri-property-sale-step-by-step-guide-your-hassle-free-journey\/#more-5843\">Read more<span class=\"screen-reader-text\">NRI Property Sale, Step-by-Step Guide: Your Hassle-Free Journey<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":5849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[986,988,303,990,987,989],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NRI Property Sale, Step-by-Step Guide | AKT Associates<\/title>\n<meta name=\"description\" content=\"Discover the step-by-step guide for hassle-free NRI property sale in India. 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