Glossary-S

Sale

  • Transfer of property ownership from the seller to the buyer for an agreed amount

Security

  • Security is the collateral given, deposited or pledged to secure a specific loan amount from the bank

Shopping Mall

  • A retail space housing showroom, shops and eat-outs

Site Plan

  • The rough layout (blueprint) of site wherein construction activities are expected commence

Stamp Duty

  • The charge levied (as tax) by the Government on the total value of the property

Super Built-up Area or Super area

  • The area shared by all unit owners in equal proportions is said to be Super Built-up area of a property

Survey

  • A sketch depicting the legal boundaries of a property