Can car parking be sold?

Can car parking be sold?

Way back, on 31st August 2010, the Supreme Court of India ruled that a builder/ developer/ promoter (of flats/ group housing) cannot sell open or stilt parking area (meaning uncovered or covered parking space) once the owners’ society is formed, as the said space becomes a part of “common areas and facilities” of the …

Does super built up area include parking?

Parking is an amenity provided along with the flat and hence it should not be added as a component of area. Hence in your case, area of the parking floor on ground floor should not be added while arriving at super built up area of the flat. The builder may add its cost while calculating the price / rate for the flat.

What is head in parking only?

Head in parking only ensures that they can just make a pass by and scan all the plates. As someone else said in a place like a university it allows for a quick check of the parking decals, then if one is not seen they can quickly just run the plate.

What is included in super built up area?

Super built-up area is the built-up area in addition to the proportionate share of entrance lobby, corridors, stair cases, lift shafts, lift lobby, generator rooms, club house, security room and any other common areas in the complex.

What do I do if someone blocks my drive?

If the vehicle is blocking access to your driveway you should first make enquiries with the neighbours to see if they know who the car belongs to, so they can move it. If your local council hasn’t taken on CPE, you will need to contact your local police force.

Is staircase counted in FSI?

It is calculated by dividing the total covered built-up area on all floors of a building by the area of the plot it stands on. The constructed area would include staircases and other basic structures. The fees paid to the government for this construction is known as FSI fees.

Is parking considered in FSI?

FSI, however, prohibits public amenities such as common area, parking area, interior open space, pipes and basement completely used for parking. These areas are excluded while calculating FSI.

What percentage of people Cannot parallel park?

We surveyed 1,000 Americans per question and found: Nearly half of Americans (49%) have parallelophobia, or the fear of parallel parking.

No. The car parking is a part of the society’s common area which cannot be sold. In 2010, the Supreme Court had held that developers had no right to sell parking to apartment-owners, including stilt parking or garages.

What is a parking podium?

Podium Parking means parking spaces that are covered by the ground floor of a building and are completely enclosed by walls. Podium parking may occur at or below the grade of the adjacent sidewalk.

Where can I find information on recently sold commercial property?

In the past, finding information on recently sold commercial properties was fairly difficult. The best option would have been to visit local county offices to gain access to public property records and take note of recent changes in ownership.

How long has it been since property has been sold?

When selecting dates, you can search for sales within the last 7 days, or sales within the last 31 days. Once you run your search, you’ll be given a list of properties that have been recorded as sold within the designated time frame, with images of the official documents themselves.

Where are the parking lots across the street from Disneyland?

Disney Buys More Land Across The Street From Disneyland. They theorize that Disneyland adding a new parking structure could allow the Mouse to do something with the Lion King parking lot behind Paradise Pier Hotel (area C in red in their image above) and the remote parking lots (area A in blue) south of Katella and East of Harbor Blvd.

Where can I find information on my property?

Online, those records will typically include transaction history, ownership history, mortgage information, liens, or so on. Property history public records can be found online through locally-based property assessor and appraisal sites, as well as on other more broad, government entity-run websites for cities or entire states.

Can a parking lot be classified as real property?

While a parking lot is considered real property, it does not necessarily fall under Section 1250. If a parking lot is integral to the business, it is classified under Section 1245; if it is not, it falls under Section 1250.

Do you need to know parking rights before buying property?

In any of these cases — all of which you need to know about before you buy the property — you need to decide if you want to purchase a property where you could lose your parking rights and/or get in a multi-year legal battle over spaces. (Hint: It’s not worth it!)

How can I find out what parking space I have in my condo?

Many common interest developments’ homeowners associations (HOAs) have a “condominium map” that shows what parking spaces are deeded to each unit. You should also be able to look at the title documents recorded on the property to verify what spaces go with your property.

Can a parking lot be depreciated under Section 1250?

However, if your company has a parking lot that falls under Section 1250, do not fear. Because all post-1986 real estate is required to be depreciated using the straight-line method, it is incredibly unlikely that you will have to deal with this ordinary income taxation.