When planning to buy a property, whether plot or constructed building, make sure you check for all these important property documents so that you know that you are buying a legal property from a genuine builder.
Call Girls in Sarai Kale Khan Delhi 💯Call Us 🔝8264348440🔝
Have you checked for these documents before buying a property
1. Have You Checked For These
Documents Before Buying A Property?
There are times when we are planning to buy a home and we see an exciting offer, so
irresistible that we just want to grab it before it slips out of our hands. But, hold on! That offer
may be a one-time super-gain, but then it could be years of misery later. You wonder why so?
Taking hasty decisions while buying a property is not wise. You need to be very sure about
everything you know about the property and the seller before you decide to buy one, to make
sure you are buying a genuine property. If you are looking for genuine villas projects near
Narasapura Bangalore, you must consider Adisesh Prime. Rest assured that it is a legitimate
property, clear of all kinds of taxes, legal procedures, and other required elements.
However, you must still check for all the important property documents, no matter where you
wish to buy your home. Whether an empty plot or a built property, you must make sure you
have checked for all of the property documents we speak about here beforehand to save
hassles later.
Building Approval Plan
The building plan must be sanctioned by the respective state authorities and corporations. It is
a must that the building owner has the plan approved from the jurisdictional commissioner or a
relevant authorized officer. For this, the owner needs to submit documents like Title Deed,
2. property PID number, property assessment extract and city survey sketch, property drawings,
up-to-date tax paid receipt, foundation certificate, and land use certificate issued by the
authority. So, if the building plan is approved, you are sure that everything is legal and
authorized.
Commencement Certificate OR Completion Certificate
If you are planning to purchase an under-construction plot, you will need to check for a
Commencement Certificate, which is a legal document issued by local authorities, stating that
the project meets the given criteria. Absence of this certificate will mean that construction
done on it will be illegal, levy penalty, and will also attract an eviction notice. Similarly, for
purchasing a constructed building, you must check for a Completion Certificate issued by the
municipal authorities indicating that the building is in compliance with the rules of height, road
distance, and other measures.
Mother Deed / Parent Document
This legal document traces the original ownership of the property, right from the beginning,
and helps in establishing the new ownership. Only with this document can further sale of
property be legalized. If this document is missing, certified copies of the same should be
obtained from the registered authorities. It is very important that you have this document
stating the records of previous ownerships, and records your ownership too, may it be through
purchase, gift, inheritance, or partition.
Occupancy Certificate
After the completion of the construction, authorities carry out an inspection to ensure that the
construction meets all the specified norms, after which it issues this certificate. Before the
builder allows people to take possession of the property, it is important to achieve this
certificate to certify that the project is ready for occupancy.
Sale Deed
A sale deed is the legal document that proves the sale and transfer of ownership of the
property from seller to buyer. You must first check for a sale agreement and its compliance to
various terms and conditions that both buyer and seller have agreed to. Next, you must ensure
that you have a sale deed that is valid and registered. Also, make sure that all the property
taxes, water charges, society charges, maintenance charges, electricity charges, and other
expenses have been cleared by the seller before you purchase the property.
3. Encumbrance Certificate
This depicts the charges in the ownership or liabilities created on a property that is held against
a home loan as security. It consists of all registered transactions done on the property,
indicating the presence of transaction or mortgage during a particular period. A copy of the Sale
Deed is needed to be submitted in order to achieve the Encumbrance Certificate.
Power of Attorney
Power of Attorney is used to give the authority of the property to another person by the
property owner on his/her behalf. It could either be a Special Power of Attorney or General
Power of Attorney to transfer one’s rights over one’s property.
For more details, please visit: Adisesh Prime