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Property Documents: When purchasing a property, a person invests a significant amount of their hard-earned money. Therefore, it’s crucial to thoroughly verify the legality of the property being purchased. Therefore, there are certain documents that are crucial to verify before purchasing a property.
Property Documents: People put their entire life’s earnings at stake to buy a property. It is possible to build your dream home after hard work. Buying a house is a very complicated task. Even a small mistake can ruin your entire life’s earnings. While buying a property, it becomes very important to check its legality properly. Therefore, it is necessary to investigate thoroughly before buying any property. One small mistake of yours can prove costly. You can get entangled in legal complications. After this, you are forced to visit the courts.
Everyone should check certain documents on their own before purchasing a property. Taxbuddy shared a post on the social media platform X, detailing the documents to check before purchasing a property. Let’s find out which seven documents should be checked before purchasing a property.
1.Check the Title Deed and Chain Deed
Merely registering a property in your name does not make it yours. Registration only transfers ownership. Therefore, when purchasing a property, be sure to check the Title Deed and Chain Deed. This will determine whether the person selling the property is the real owner. The Chain Deed reveals who owned the property before you. Do not deal with a property without the Title Deed and Chain Deed.
2. Land Record Information
Check the land records of the land you’re purchasing. If you’re purchasing agricultural land, you can get the documentation from the state government’s revenue department. Find out the land’s Khasra number. The Khasra number will provide all the information related to the land. If you’re buying land to build a house, first find out if the land you’re buying has residential permission. If the property is commercial or industrial, avoid buying it because you won’t be able to build a house there.
3. If you’re buying a property in a township, check these documents.
If you’re buying a property in a township, check the land use. See if there’s Town and Country Planning permission. Also, check if the map is approved by a local authority, such as the Municipal Corporation. Most importantly, check whether the colony you’re buying land in is legal. Many people assume that if the government registers the property, it’s legal, but experts say this isn’t the case. During registration, the government only examines the property from a revenue perspective. The responsibility to verify whether a property is legal lies with the buyer.
4. Provide Newspaper Notices
Before purchasing a property, it’s essential to provide public notice in the newspaper. People often overlook this, but providing public notice strengthens your position. If there’s a future dispute regarding the property, you can present your case strongly in court. Similarly, it’s important to register the agreement. Nowadays, this is done simultaneously with the registration. Many people don’t get the agreement registered. If you do not do this, you become legally vulnerable.
5. Encumbrance Certificate
When purchasing any property, be sure to check for an encumbrance certificate. This will help you determine if there are any encumbrances against the property. It can also provide information about any loans taken against the property.
6. Check the Occupancy Certificate
An Occupancy Certificate (OC) is issued by the local authority. This will inform you that the property has been constructed in accordance with the rules, regulations, and approved plans. Living in a building without an OC is considered illegal. Electricity and water connections are also not available without it.
7. Check Property Tax Receipts
Before purchasing a property, you should also check the property tax receipts. This will help you determine whether the previous owner has paid the taxes or if there are any outstanding dues.
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