Related Documents To Verify Before Buying A New Property

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.
We obtained it simple for you. Use this helpful guide to advise you navigate the real estate
deadfalls you may face while purchasing a home. While purchasing property,
Here is a list of important property documents required to buy an apartment or an independent
house.
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.
Sale deed confirms that the terms and conditions detailed in the sale agreement as agreed
upon between the buyer and the seller have complied. Sale Deed in Sub Registrar's office in
whose power property is located. It is compulsory to register sale agreement within 4 months
from the date of fulfilling else you need to pay a penalty or it stands invalid.
RTC extracts
Work of Rights, Tenancy and Crop Inspection are committed to as RTC in short or Pahani in the
local language.
Pahani (RTC) is an important land record. This record includes the features of the land, such as
legal owner's of the property, area, evaluation, water rate, soil type, the possession nature of
the Land, Responsibilities, adjoining landowner's name, Tenancy and Crops grown, etc. RTC is
evermore issued in hectares/acres of village lands, with the trademarks of the Tahsildar
/Deputy Tahsildar or Hologram mark.
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.
Meanwhile, buying a residence, house, flat or plot, it is necessary to confirm that the property
does not have any financial or legitimate dues. And encumbrance certificate (EC) assures that
there is total ownership of the property without any monetary or legal liability.
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 about the principal's property, finances
Apply this form if:
 You will be out of town or otherwise unavailable when important real-estate documents
need to be signed
 If you are not available to take care of your property for some time you can eligible for
Power of Attorney for Real Estate.
 You live far away from the property that you own and you want someone else to
manage it in your absence
Property Tax Receipt
Property landlords have to settle taxes. Assure that the previous occupier/buyer had prepaid
property taxes and there are no pending due. 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.
Intimation of Disapproval (IOD)
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.
The IOD provides a clearance to the builder to start the construction process after several
checks from local authorities are doing.
These checks are carried out during the site inspection process, where it is determined if the
land parcel is fit for construction or not. Engineers at the Building Proposal Office determines
the eligibility of the project before issuing the IOD.

Related Documents To Verify Before Buying A New Property

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Related Documents To Verify Before Buying A New Property

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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,

Power of Attorney for Property

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