Ensuring Legal Safety with Proper Property Documentation

Overview

Are you looking to buy a property? Buying it could be cumbersome for you if you are not familiar with the buying process. Apart from having patience, you need to follow a legal process. For this, property documentation servicescan help you a lot. There are certain documents that you need to check, otherwise you might be the victim of forgery.

Documents Required for Property Purchase

The documents required for property purchase include the following:

Agreement to Sell the Property

This is one of the most important property legal paperworkfor purchasing a property. It contains all the information related to description of the property, sales, and terms and conditions agreed between you and the seller.

Absolute Sale Deed and Title Deed

This document has the record of transfer of ownership. You need to get it registered with the sub-registrar of your region. So, be ready for sale deed preparation.

Title Search and Report

You need title search and report document when you are applying for a home loan. It contains a description of the property, information of previous tenants and owners, etc.

Encumbrance Certificate

Encumbrance certificate document contains all the details of transactions related to the property. This certificate proves that you have no pending loans. Thus, encumbrance certificate assistanceis a must for you.

NOC Certificate

You are required to get NOC for property purchase. You can get various NOCs from Traffic and Coordination Department, Environmental Department, Sewage Board,Pollution Board, etc.

Power of Attorney

This document clarifies that if any individual is acting on the authorization of the owner of the property.

Sanctioned Building Plan

This document ensures that as a buyer you are cautious of any deviation from the sanctioned plan made by the developer.

Statement from the Bank

When you are buying a property, ask the seller to provide you a bank statement on the property. It is a proof for an outstanding loan against the property you are buying.

Occupancy Certificate

This certificate is issued by the municipal corporation after the building has been constructed. It states that the building was constructed in accordance with the sanctioned plan and is ready for occupancy.

Receipt of Property Tax

This document proves that all the taxes have been paid by the previous owner. In addition, it ensures there are no dues left against the property and maintains the legal status of the property.

Khata Certificate

This document has an evidence that the property you are going to buy has an entry in the local authority records.