A Fraudulent Deal Could Cost Your Life's Savings
- Consult the best legal experts
- Get end-to-end assistance
- Ensure safety of your investment
Consult a Legal Expert. Know Why?
All the Property documents like title check, sale deed are diligently examined by the legal expert before the property deed is made final.
Protection from Legal Disputes
A legal expert verifies the property for any legal disputes that might get a buyer into trouble.
Safeguards against Fraudulent Sellers
A Legal Expert makes sure to check on the property ownership, any outstanding loans on the property and prevent potential fraud.
Legal experts offer end-to-end assistance in the legal process of your property buying journey.
Prevent yourself from any kind of Property Scams!
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- A detailed analysis of Property Documents
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What's the Right Time to get Legal Assistance?
Finalize a property
Find the property you want to buy & negotiate on the final price
Let experts verify the documents before you close the deal
Get it inspected for any serious defects & save your money
Sale Deed & Property Registration
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Key Documents to Check Before Buying a Property
Purchasing a property can be a costly endeavor. Any error in conducting proper legal due diligence has the potential to result in significant legal conflicts. Hence, it is crucial to exercise caution and thoroughly review all essential documents before finalizing the agreement.
Take a look at some of the most important documents you must verify before buying a property:
Property documentsIt is essential to thoroughly examine all the documents related to the property, which encompass Title documents such as sale deed, gift deed, will, and succession certificate. Furthermore, it is imperative to ascertain the nature of the title, whether it is freehold or leasehold. Additionally, it is crucial to verify that all the Title documents have been properly stamped and registered.
Construction approvalIf you're considering purchasing an apartment from a builder, it's essential to verify the necessary approvals from the local municipal body. Moreover, it is advisable to ensure that approvals for water, sewage, fire safety, environmental clearance, and other relevant factors are in place.
Land use permissionThe sale of agricultural land for non-agricultural purposes is generally prohibited in most states. Therefore, it is crucial to ensure that the property you are considering to purchase conforms to the regulations outlined in the zoning plans pertaining to agricultural land use.
Encumbrance certificateAn encumbrance refers to a situation where a property has been mortgaged, indicating the presence of an existing loan against it. It is advisable to steer clear of purchasing properties burdened with encumbrances. To ascertain the presence of any encumbrances, obtaining an Encumbrance Certificate can provide valuable clarity.
Occupancy certificateThe document is an official certification provided by local government agencies, verifying that the project has been successfully finished in accordance with all applicable laws and regulations. This certificate serves as a crucial requirement for the Builder, confirming that the constructed building is deemed safe and suitable for occupancy.
Tax payment receiptsEnsure that the seller has fulfilled their obligation of settling all property taxes with the municipal authorities. Additionally, request the corresponding receipts as evidence of payment. If the seller has neglected to clear the taxes prior to selling the property, it is possible that the responsibility may transfer to the new buyer.
Frequently asked questions
Q. How much does Property Registration cost?
The cost of Property Registration varies depending on several factors such as the location, property value, and local regulations. It's best to consult the local registrar's office or a real estate professional to obtain accurate information for your specific case.
Q. How is the stamp duty on Property Registration calculated in India?
The stamp duty for Property Registration in India is calculated based on the property's market value or the agreement value, whichever is higher. Rates vary across states and are usually a percentage of the property's value, typically ranging from 4% to 10%.
Q. What all should a Sale Deed include?
A Sale Deed should include details such as the names of the buyer and seller, property description, sale price, payment terms, possession date, warranties, and any specific conditions agreed upon by both parties.
Q. When should I get the property documents verified?
It is advisable to get the property documents verified before making any purchase or entering into a transaction to ensure legal compliance and avoid potential risks or disputes.
Q. What all documents are verified in the Property Verification process?
The Property Verification process typically involves verifying documents such as the Title Deed, Encumbrance Certificate, property tax receipts, building plan approvals, occupation certificate, and any other relevant documents related to the property.
Q. Why is it important to consult a legal expert for property transactions?
Consulting a legal expert for property transactions ensures that all legal aspects are thoroughly examined, potential risks are identified, and necessary safeguards are put in place. This helps in mitigating legal disputes and protecting your interests in the property transaction.