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About Next Big Box:
1. Why should I choose Next Big Box properties?
Ans. We are a group of professional bankers extending our venture into real estate. We provide you with an end-to-end experience of purchasing and buying properties, helping you from the initial step through the entire procedure until the end.
2. In which cities do you offer services?
Ans. Our services are limited to Delhi NCR.
3. What kind of properties are enlisted on your website?
Ans. We offer Residential and Commercial properties.
4. Whom should I reach out to, in case of any queries?
Ans. We have a dedicated customer service team providing you assistance six days a week.
5. How can I book a property through NextBigBox?
Ans. To purchase a property, the following steps need to be adhered to:
(i.) Check our website or mobile application
(ii.) Choose the property required and place an enquiry
(iii.) Go on a site visit of the chosen property with our experts
(iv.) Close the deal – We handle all the documentation procedures with the bank and the builder.
Buyer’s Concern:
1. How many properties can I own?
Ans.You can own as many properties as you want.
2. What is the difference between long-term capital gains and short-term capital gains?
Ans.If a home is held for less than three years before its sale, then it’s called a short-term capital asset, and any benefits arising from the sale is referred to as a short-term capital gain. There are no tax exemptions for this. But if a property is sold after being held for more than three years then it’s called a long-term capital asset and any benefits arising from it is called long-term capital gain. These gains attract a flat exemption rate of 20 percent.
3. What are capital gains on a property purchase?
Ans. Property is regarded as a capital asset and the Capital Gains Tax is imposed on the gains arising from the sale of a property. These gains are calculated after monitoring the transfer, inflation rate, and renovation charges.
4. What are the taxes that I need to pay before buying a property?
Ans. The following taxes need to be paid by the buyer:
(i.) TDS on the amount exceeding 50lakh.
(ii.) Stamp duty
(iii.) Service Tax
(iv.) VAT
Seller’s Concern:
1. I am interested in selling my property? What are the documents a buyer would need from me?
Ans.A buyer can ask you for the original Deed Sale, Title Deed, relevant tax receipts, and Encumbrance certificate.
2. Who needs to pay the stamp duty? A seller or a buyer?
Ans. Only the buyer is liable to pay stamp duty.
3. Is it mandatory to register documents for the sale of a property?
Ans.Yes. This can be done at the sub-registrar's office of the concerned district.
4. When is the sale of a residential property formalized?
Ans. A sale of a residential property is finalized when the seller has received the entire consideration amount, registered the documents, and actual possession of the property is granted to the buyer.
4. I am a property broker. How can Next Big Box help me?
Ans. You can enlist the properties available for resale through our inquiry form which is made available on the homepage of the website. By registering as a broker, you would be associated with numerous buyers without paying any extra charges.
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