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Related Documents To Verify Before Buying A New Property.

Property transaction in India is document-intensive exercise because of the complex legal, statutory and regulatory framework. Property papers are an important part of any property investment, be it a vacant plot or a completely provided residence.

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Related Documents To Verify Before Buying A New Property.

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Presentation Transcript

  1. Welcome to Legal Properties

  2. What are the documents you need to check before buying a property? • Sale Deed • RTC extracts • Encumbrance Certificate • Power of Attorney for Property • Property Tax Receipt • Intimation of Disapproval (IOD)

  3. Sale Deed • A Sale Deed is the focus right document that works as a confirmation of buying and transfer of possession of the property from the agent to the buyer. • A Sale Deed should be mandatorily disclosed. • It is essential that before the Sale Deed is executed one should accomplish the sale contract and should check for • The agreement of various terms and conditions as agreed upon between the buyer and the seller.

  4. RTC extracts • RTC is evermore issued in hectares/acres of village lands, with the trademarks of the Tahsildar /Deputy Tahsildar or Hologram mark. • Work of Rights, Tenancy and Crop Inspection are committed to as RTC in short or Pahani in the local language.

  5. Encumbrance Certificate • An encumbrance certificate is a record that indicates a property is authorized free from any mortgage or pending loan. • If you have still to be doubted, you can take a Possession Certificate of the ownership of the particular land, which is available from the village office that is called encumbrance certificate.

  6. Power of Attorney for Property A power of attorney for property(real estate) is a simple legal document that permits you to give someone the authority to buy or sell real estate for you, or to carry any other business including real estate that you own. The lawyer can have broad legal authorization or limited authority to make legal judgments.

  7. Property Tax Receipt • Property tax certificates also help in fixing the legal situation of the property. Individual property taxes are levied annually next tangible personal property and due upon receipt of the tax. • Property landlords have to settle taxes. Assure that the previous occupier/buyer had prepaid property taxes and there are no pending due.

  8. Intimation of Disapproval (IOD) • The IOD provides a clearance to the builder to start the construction process after several checks from local authorities are doing. • IOD indicates the Intimation of Disapproval is extraordinary permission given to the constructor by the BMC to redevelop a current structure. It is called intimation of disapproval, • But here disapproval refers to an authorization or permit. The thing of fact, it is also requested building permits or IOD in development.

  9. Contact Us Contact Us for more information 877096003 You can subscribe on social media

  10. THANK YOU

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