SlideShare a Scribd company logo
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,
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.
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

More Related Content

Similar to Have you checked for these documents before buying a property

6 Important documents to check before buying a resale apartment
6 Important documents to check before buying a resale apartment6 Important documents to check before buying a resale apartment
6 Important documents to check before buying a resale apartment
Leasing.net.in
 
Shahid balwa reveals important documentation to remember when buying property
Shahid balwa reveals important documentation to remember when buying propertyShahid balwa reveals important documentation to remember when buying property
Shahid balwa reveals important documentation to remember when buying property
chandrakant joshi
 
Registration of the Sale Deed
Registration of the Sale DeedRegistration of the Sale Deed
Registration of the Sale Deed
Prashant Vaxish
 
8 Important Documents needed to purchase a property in bangalore
8 Important Documents needed to purchase a property in bangalore8 Important Documents needed to purchase a property in bangalore
8 Important Documents needed to purchase a property in bangalore
CommonFloor.com
 
Home Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home Ally
Home Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home AllyHome Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home Ally
Home Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home Ally
PoojaShetty87
 
Buyers Package
Buyers PackageBuyers Package
Buyers Package
Marki Lemons Ryhal
 
Conveyancing in the 21st Century
Conveyancing in the 21st CenturyConveyancing in the 21st Century
Conveyancing in the 21st Century
lizw2324
 
Property registration process in india
Property registration process in indiaProperty registration process in india
Property registration process in india
Green Realtech Projects Pvt. Ltd
 
Real Estate Market In India : A Profitable Investment by MCHI
Real Estate Market In India : A Profitable Investment by MCHIReal Estate Market In India : A Profitable Investment by MCHI
Real Estate Market In India : A Profitable Investment by MCHI
shashikant
 
Buying, Selling & Renting
Buying, Selling & Renting Buying, Selling & Renting
Buying, Selling & Renting
Square Yards
 
Real Estate
Real EstateReal Estate
Real Estate
Righthorizon
 
The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...
The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...
The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...
Forms Legal
 
Transfer Of Property
Transfer Of PropertyTransfer Of Property
Transfer Of Property
Ricton Properties
 
Transfer Of Property
Transfer Of PropertyTransfer Of Property
Transfer Of Property
Ricton Properties
 
Buyers Advice - Transfer of property (Revised)
Buyers Advice - Transfer of property (Revised)Buyers Advice - Transfer of property (Revised)
Buyers Advice - Transfer of property (Revised)
Ricton Properties
 
Home Buyers Seminar
Home Buyers SeminarHome Buyers Seminar
Home Buyers Seminar
guest0175c9
 
Buying a Home
Buying a HomeBuying a Home
Buying a Home
Tom Glass
 
Ready to move in
Ready to move inReady to move in
Ready to move in
Pick A Home Pvt. Ltd.
 
Guidelines for taking possession of the property in india
Guidelines for taking possession of the property in indiaGuidelines for taking possession of the property in india
Guidelines for taking possession of the property in india
Green Realtech Projects Pvt. Ltd
 
Rules of buying a residential property in mumbai
Rules of buying a residential property in mumbaiRules of buying a residential property in mumbai
Rules of buying a residential property in mumbai
chandr joshi
 

Similar to Have you checked for these documents before buying a property (20)

6 Important documents to check before buying a resale apartment
6 Important documents to check before buying a resale apartment6 Important documents to check before buying a resale apartment
6 Important documents to check before buying a resale apartment
 
Shahid balwa reveals important documentation to remember when buying property
Shahid balwa reveals important documentation to remember when buying propertyShahid balwa reveals important documentation to remember when buying property
Shahid balwa reveals important documentation to remember when buying property
 
Registration of the Sale Deed
Registration of the Sale DeedRegistration of the Sale Deed
Registration of the Sale Deed
 
8 Important Documents needed to purchase a property in bangalore
8 Important Documents needed to purchase a property in bangalore8 Important Documents needed to purchase a property in bangalore
8 Important Documents needed to purchase a property in bangalore
 
Home Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home Ally
Home Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home AllyHome Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home Ally
Home Buyer's Guide - 10 Step Guide towards Home Buying, Godrej Home Ally
 
Buyers Package
Buyers PackageBuyers Package
Buyers Package
 
Conveyancing in the 21st Century
Conveyancing in the 21st CenturyConveyancing in the 21st Century
Conveyancing in the 21st Century
 
Property registration process in india
Property registration process in indiaProperty registration process in india
Property registration process in india
 
Real Estate Market In India : A Profitable Investment by MCHI
Real Estate Market In India : A Profitable Investment by MCHIReal Estate Market In India : A Profitable Investment by MCHI
Real Estate Market In India : A Profitable Investment by MCHI
 
Buying, Selling & Renting
Buying, Selling & Renting Buying, Selling & Renting
Buying, Selling & Renting
 
Real Estate
Real EstateReal Estate
Real Estate
 
The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...
The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...
The Detailed Procedure and Guidance to Create a Bill Of Sale of Personal Prop...
 
Transfer Of Property
Transfer Of PropertyTransfer Of Property
Transfer Of Property
 
Transfer Of Property
Transfer Of PropertyTransfer Of Property
Transfer Of Property
 
Buyers Advice - Transfer of property (Revised)
Buyers Advice - Transfer of property (Revised)Buyers Advice - Transfer of property (Revised)
Buyers Advice - Transfer of property (Revised)
 
Home Buyers Seminar
Home Buyers SeminarHome Buyers Seminar
Home Buyers Seminar
 
Buying a Home
Buying a HomeBuying a Home
Buying a Home
 
Ready to move in
Ready to move inReady to move in
Ready to move in
 
Guidelines for taking possession of the property in india
Guidelines for taking possession of the property in indiaGuidelines for taking possession of the property in india
Guidelines for taking possession of the property in india
 
Rules of buying a residential property in mumbai
Rules of buying a residential property in mumbaiRules of buying a residential property in mumbai
Rules of buying a residential property in mumbai
 

Recently uploaded

Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
olgashriki
 
SVN Live 6.17.24 Weekly Property Broadcast
SVN Live 6.17.24 Weekly Property BroadcastSVN Live 6.17.24 Weekly Property Broadcast
SVN Live 6.17.24 Weekly Property Broadcast
SVN International Corp.
 
SVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property BroadcastSVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property Broadcast
SVN International Corp.
 
Dholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdfDholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdf
Shivgan Infratech
 
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
knox groups real estate
 
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyAVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
Listing Turkey
 
Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!
shuilykhatunnil
 
Living in an UBER World - June '24 Sales Meeting
Living in an UBER World - June '24 Sales MeetingLiving in an UBER World - June '24 Sales Meeting
Living in an UBER World - June '24 Sales Meeting
Tom Blefko
 
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
a7xjm8n4
 

Recently uploaded (9)

Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
 
SVN Live 6.17.24 Weekly Property Broadcast
SVN Live 6.17.24 Weekly Property BroadcastSVN Live 6.17.24 Weekly Property Broadcast
SVN Live 6.17.24 Weekly Property Broadcast
 
SVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property BroadcastSVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property Broadcast
 
Dholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdfDholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdf
 
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
 
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyAVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
 
Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!
 
Living in an UBER World - June '24 Sales Meeting
Living in an UBER World - June '24 Sales MeetingLiving in an UBER World - June '24 Sales Meeting
Living in an UBER World - June '24 Sales Meeting
 
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
 

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