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What documents should be checked before buying a flat?

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What documents should be checked before buying a flat?

5 documents you must verify before buying ready-to-move flats

  • Sale deed. A sale deed tops the checklist while verifying documents for your new home.
  • Completion/Occupancy Certificate.
  • Building plan.
  • Encumbrance certificate.
  • Mutation certificate.

What are the documents required for apartment purchase?

The documents include- Sale Deed, Mother Deed, Building approval plan, Commencement Certificate (For under construction property), Conversion Certificate (Agricultural to Non-agricultural land), Khata Certificate and Khata Extract, Encumbrance Certifciate (EC), Betterment charges receipt, Power of Attorney(POA), Latest …

What are the property documents?

Here is an important checklist of property documents you need to have a look at!

  • Sale Deed:
  • RTC Extracts:
  • Khata Certificate and Extracts:
  • Mutation Register Extracts:
  • Joint Development Agreement:
  • General Power of Attorney:
  • NOC:
  • Ratification Deed:

What is the procedure for buying a flat?

What is the Legal Process For Buying a Flat in India?

  1. The Legal Process of Buying a House in India.
  2. 1) Title Verification.
  3. 2) Seller’s Identity Verification.
  4. 3) Documents Related to Land Use.
  5. 4) Construction Approvals.
  6. 5) Occupancy Certificate.
  7. 6) Payment of Taxes.
  8. 7) Mortgages and Other Claims.
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How do you know if a flat is legal?

How To Check If Your Property Is Legally Verified?

  1. Check for the title papers. A property should have a clear title, without any dispute.
  2. Ask for bank approvals.
  3. Encumbrance certificate.
  4. Tally the approved plan with actual site.
  5. Check out property tax slips.
  6. Project has a registered society.

What is the procedure to buy a flat?

What is the Legal Process For Buying a Flat in India?

  • The Legal Process of Buying a House in India.
  • 1) Title Verification.
  • 2) Seller’s Identity Verification.
  • 3) Documents Related to Land Use.
  • 4) Construction Approvals.
  • 5) Occupancy Certificate.
  • 6) Payment of Taxes.
  • 7) Mortgages and Other Claims.

What is sale agreement of flat?

What is a sale deed of flat? A sale deed is a legal document used in property transactions as evidence for sale and transfer of ownership of property in favour of the buyer from the seller. It is made for the sale or purchase of land or any construction made on it.

How do you prepare property documents?

Checklist of Property Documents

  1. Sale Deed/Title deed /Mother deed/Conveyance Deed.
  2. RTC Extracts.
  3. Katha Certificate and Extracts.
  4. Mutation Register Extracts.
  5. Joint Development Agreement.
  6. General Power of Attorney.
  7. Building plan sanctioned by the Statutory Authority.
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How do you prove you own a house?

To officially prove ownership of a property, you will require Official Copies of the register and title plan; these are what people commonly refer to as title deeds because they are the irrefutable proof of ownership of a property.

How long is the process of buying a flat?

Usually, the whole process can take between 6 weeks to 8 months however if you have a good team in place (solicitor, estate agent etc) then this will always help the process run more smoothly. Finding a property means researching the area, finding estate agents and searching websites.

What to check before buying a plot?

There are certain factors you must keep in mind before buying a residential plot:

  1. Location. This is a really significant reason when you decide to buy a residential plot.
  2. Value of the plot.
  3. Area of the plot.
  4. Builder verification.
  5. Title deed verification.
  6. Necessary approvals by the local body.

What to check before buying a flat in Hyderabad from a builder?

Look at the below things to check before buying a flat in Hyderabad from a builder. The title deed is the legal way of saying you have the right to own something. In real estate, title deed refers to ownership of the property. You have the right to use the particular property.

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What are the documents required to buy property in Mumbai?

Certificate of Commencement. Certificate of Completion. Land information – like M.H.A.D.A, M.M.R.D.A, Freehold Land, Leasehold Land, etc. NOC from the builder to buy investor’s flat. Public notice in the newspaper on buying property in Mumbai is highly suggested. It could be one in English language and one in local language.

What are the documents required to buy a new construction flat?

O.C. stating that the flat is not having any pending dues or liabilities to the society. In case of a new construction, B.M.C. approved architect’s plan. Redevelopment agreement between the Society and the Developer – This is required when you go to purchase a property under construction redevelopment property. Certificate of Commencement.

What should I do before buying a flat?

Before you purchase a flat, you have to have a title and document search conducted by a competent advocate. You cannot do it yourself. You have to use the services of a competent advocate. It is a professional job to be done with professional assistance. Do take Xerox copies of all the documents at the time of entering into agreement.