A Property Tax is the amount paid by the landowner to the municipal corporation or the local government for his/her area. The tax must be paid every year. Property Tax is charged by the government on all tangible real estate that an individual owns. These real estate assets could include, residential homes, office buildings and premises rented out to third parties. It also known as House Tax.
An Agreement to Sell is a contract where one party agrees to sell some property to another party, at a future date, subject to its Terms and Conditions. Read in detail the definition of an Agreement to Sell.
CIBIL Score is a 3-digit number that ranges from 300 to 900. The higher the score higher the chances of loan approval. Read here to know what CIBIL Credit Score is and how it matters on loan approvals.
EMI stands for Equated Monthly Instalment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your Home Loan. Read here, to understand what is an EMI and how it is calculated.