Buying a property is never an easy proposition, because of the need to examine carefully the various documents that are involved in buying. Here are a few documents you much check before buying a property in India.
Mother Deed
A property would have changed hands several times over the years and decades. The Mother Deed would have all the details tracing the ownership of the land, apartment to the very first person. This documents must be examined thoroughly before buying a property.
Sanction plans approval
In case you are buying an apartment make sure there is an approval from the relevant authorities. For example in Bangalore, the BBMP provides approval of the plans, without which the project cannot begin.
No objection certificate if there are several owners
In case you are buying a property from resale, then you need to see the NOC, if there are several owners of the property.
Encumberance certificate
This is another important document that you can get from the registar's office. This would show you if the property is in the name of the existing owner and if the property is free from any liabilities.
Title deed
Check the title deed to see if the property is in the name of the existing owner from whom you are buying the property.
It's important that you check the original deed.
Property tax receipts
Check the property tax receipts, especially where the property is an independent house. In case of a city like Bangalore, the BBMP would not transfer the Katha where there are dues with regards to property tax.
No objection from the society
In case of a society one needs to obtain a No Objection Certificate from the society.
Hire a good lawyer
Sometimes, it would be a good idea to hire a lawyer, who will take a look at the original title deed as well as the mother deed.
More From GoodReturns

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold Price In India Rebounds After Rs 78,000/100 Gm Crash In 2 Days, Silver Rate Today Stable | March 20

1:1 Bonus, 1:5 Split, 39 Dividends: Hindustan Zinc Share Rally 3% As Silver Rates Jump: Buy This Vedanta Stock

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Gold Rates & Silver Rates Today Live: MCX Gold & Silver Price Gives Up Some Early Gains; 24K, 22K, 18K Gold

Bengaluru Power Cut Today: Key Areas To Face 7-Hour Power Outage for BESCOM Maintenance On March 15| Full List

Gold Rates In India Crash Continues Today, 24K, 22K, 18K Gold Prices On Mar-16; Gold Rate Falls By Rs 41,400

Emirates, Etihad, Air India Express Cancel Dubai, Abu Dhabi, Dammam Flights on 16-17 March; Check Status Today

DigiLocker PVR Storage: How Indian Citizens Can Digitally Save Passport Verification Records?

Massive Crash in Gold Rate in India! 24K Plunges Nearly Rs 59,000 in Four Sessions; Will Slide Continue Today?



Click it and Unblock the Notifications