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All property documents including title check and sale deed are diligently examined before finalization.
Verification of property for any existing legal disputes that could affect buyers.
Thorough checks on ownership, outstanding loans, and potential fraud risks.
End-to-end assistance throughout your property buying journey.
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Purchasing a property can be a costly endeavor. Exercise caution and thoroughly review all essential documents before finalizing the agreement.
Examine all title documents including sale deed, gift deed, will, and succession certificate. Verify title nature and proper registration.
Verify that the builder has the necessary approvals from the local municipal body, including water, sewage, fire safety, and environmental clearance.
Ensure that the property is in accordance with zoning regulations, particularly regarding agricultural land use for non-agricultural purposes.
Verify that the property is free from encumbrances like mortgages or loans. Obtain an Encumbrance Certificate to ensure there are no existing claims on the property.
Ensure the builder provides an Occupancy Certificate, which confirms that the property has been completed in accordance with regulations and is safe for occupancy.
Request the tax payment receipts to ensure that the seller has paid all due property taxes. If taxes are unpaid, the responsibility might fall on the new buyer.
Frequently asked questions
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.
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%.
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.
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.
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.
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.