Buying a home is a dream come true. As you spend a lot of money while buying a house, you have to be very careful, as a single mistake can lead to a lot of problems. You might end up falling prey to property fraud. These days property frauds are on the rise and many people have lost their money while buying a house. So, it is very important to check certain documents while investing hard earned money in a house or apartment.
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1. Sale Deed
A sale deed is an important legal document which is executed between the seller and buyer. This document serves as evidence of sale as well as the transfer of ownership from the seller to the buyer. Registration of the sale deed is compulsory.
2. Mother deed
Mother deed or title deed is also an important document which must be checked while buying the property. It is a legal document which traces the origin of the property. If you want to sell your property in the future, you must have this document. You must make sure that the mother deed has recorded the references to previous ownership in a continuous sequence up to the current owner.
3. Encumbrance Certificate:
Encumbrance Certificate is a very important document just like the sale deed and the title deed. This document provides evidence of mortgage, title transfers or any legally registered transaction against the property.
4. Approval plan of the building
It is mandatory for each building to have an approval plan either from the jurisdictional commissioner or any other officer who is approved by the commissioner.
5. Conversion certificate
We all know that large parts of land in India are being used for agriculture. So, it is very important to obtain a conversion certificate from the legal body. This certificate is issued by the revenue authority, stating the change in land use, from agriculture to housing. For this conversation, a NOC (No Objection Certificate) has to be obtained from the Tahasildar office.
6. Power of attorney
Power of attorney is nothing but giving authority to another person to sell or mortgage the property on behalf of the seller. The registration of the power of attorney has been made mandatory.
7. Tax receipts
To make sure taxes have been paid until the date of sale of the property, you must go through the tax receipts. In case the seller does not possess tax receipts, you can get in touch with the municipal body by using the survey number and confirm the ownership.
8. Completion Certificate
It is very important to check the completion certificate before purchasing the property. The municipal authorities issue the completion certificate, stating that the building is in compliance with rules and is built according to the approved plans.
9. Occupancy Certificate
The Occupancy Certificate shows that the building is ready for occupancy. When a builder applies for this certificate, the authorities perform an inspection to ensure that the building meets all specified norms.
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