You must always remember that property documents are the
most vital part of any investment in properties. In order to avoid fraudulence
attempt to cheat you, it is essential to check the following documents:
1.
Sale Deed:
This will be the core legal document that will act as proof of sale as well as
the transfer of ownership from your buyer to you. that This should be
registered compulsorily. It is to be noted prior to the execution of Sale Deed,
you must execute the sale agreement while at the same time checking for the
compliance of various terms and conditions as agreed upon by you and your
seller. Also, well before executing the sale deed, you must check whether the
property under deal is bearing a clear title.
2.
Mother
Deed: This is the parent document which is an important legal document that
would help you in tracing the antecedent ownership of the property under deal
right from the start. You will need this document to further sale your
property. In case, there is no mother deed available, you must make sure that
you obtain the certified copies from the registering authorities. Also, it is
very much important that the mother deed has recorded the references to
previous ownerships in a continuing sequence. In case, something is missing,
you should refer the records from registering offices. The sequence should have
been updated until the current owner. This is very important if you’re buying
through a home loan.
3.
Approval
Plan of Your Building: Any building owner must obtain an approval plan
either from the jurisdictional commissioner or any other officer who got
authorized by commissioner. One will be required to submit a set of documents
in order to obtain a building approval plan. Those documents include:
·
Title Deed
·
Property Assessment Extract
·
Property PID number
·
City/Panchayat survey sketch
·
Up-to date tax receipt
·
Earlier sanction plans
·
Drawings of the property
·
Demand drafts
·
Foundation certificate
·
Land use certificate
4.
Conversion
Certificate: With the major amounts of land being agricultural in documents
to check India, a conversion certificate is important to be obtained from the
legal body. This is the certificate that will be issued by competent revenue
authority in order to change the use of land from agricultural to housing
purposes. A NOC should be obtained from the Tahsildar office and land
regulatory for this conversion.
5.
Encumbrance
Certificate: This would mean changes in the ownership on property that has
been held against a home loan. This would consist of all the registered
transactions that are done on the property during the time duration for which
this EC is filed. In simple terms, this will provide you with evidences of
mortgages, title transfers or any legally registered transaction that affects
your property.
6.
Power of
Attorney: This is a legal procedure that is used in giving the authority to
another person by the owner on behalf of him/her. The PoA holder can let-out,
mortgage, sell the property on your behalf. So be careful before giving Power
Of Attorney. In late 2013, the government has made registering PoA mandatory to be valid. Obtain in original the
PoA given by the previous owners to any person.
7.
Tax
Receipts: These would ensure that the taxes have been paid until the date
of sale. You must make sure that you ask your seller for the latest original
receipts in order to check the details of owner’s name along with the tax
payer’s name and date of payment. If your seller does not have the tax
receipts, you are allowed to contact the municipal body by using survey number
of the property in order to confirm the ownership. Other bills like water and
electricity bills are also need to be checked.
8.
Completion
Certificate: This will be issued by the municipal authorities stating that
building is in compliance with rules and is built according to the approved
plans. This is very important at the time of purchasing
9.
Occupancy
Certificate: An inspection will be performed by the authorities when the
builder is applying for this certificate in order to ensure that the building
is meeting all the norms that are specified. In simple terms, the certificate
would certify you that the project is ready for occupancy.
