List of Documents to be checked before buying a property in Bangalore

List of Documents to be checked before buying a property in Bangalore

documents for buying a property

Purchasing a home in itself is a mind-boggling technique, but when you include the aspect documents involved, it becomes even more complicated. Even minor defects in the document or a document being unavailable can cause you legal troubles in the future. Thus, it becomes very important that you verify and check all the required documents thoroughly and we would suggest more than once.

For your benefit, we will list the documents that you should demand and check before buying a property.

Land records:
The records note only include title deed and Parent deed which provides you the information of current ownership and the past ownership and also tells whether there is or was any loan against the property. These are the most important documents and should be checked with utmost seriousness.

Building Layout Approval:
The developers of any project are required to obtain a layout approval of their plan from concerned authorities, but many times it has come to light that properties are without this document. The absence of this approval can cause you trouble later, so make sure genuine approval is taken

Land-use Certificate:
Lands are divided by the authorities based on their usage in categories like residential, industrial, agricultural etc. A land coming under one category cannot be used for other purposes without getting the category changed through proper legal channels. If the land use has been changed a CLU ( Change of Land Use) certificate should also be present.

Allotment Letter:
It’s a record that should be signed by the developer which will be done after some token payment is made. This letter works as an early agreement between the buyer and the builder. Ensure you get this letter and read all the clauses as these are legally binding and builder can be apprehended for not delivering on the promises like time of delivery.

No objection certificate (NOC)
NOC is required and issued by numerous agencies like the fire safety department. Make sure that the builder has all the required NOCs, as it is unlawful to sell a property without these and even you can get into trouble for buying and owning such a property.

Occupancy Certificate:
A human requires more than just a mere building to reside, facilities like water, electricity, drainage, cooking gas etc, are as essential as all the doors and walls. This is where Occupancy Certificate comes in; in simple term this certify that a building is suitable for human habitation.

Certificate of commencement:
It is a mandatory endorsement that a developer must acquire to start any development. , and you should make sure it is available before buying the property

Completion certificate:
It is a record issued by a city board after the undertaking has finished development. 

Possession certificate:
This is a declaration that will be given to you after you have gotten the sales deed. At the end of the day, this is authentication that approves the ownership for the property after the individual has physically taken control over the property. 

Sale deed registration:
This is issued by the registrar’s office and can be understood as merely being proof of ownership, and it is only issued after the construction is finished and the builder has finished the project. This document is , and you should not go ahead in its absence.

In case of a ready-to-move-in property this list changes, if you are buying such a property, make sure to check and verify the authenticity of the following documents.

Title deed:
In this case, it is essential to get the title deed of the house in the original form. This is a testament that checks the legitimacy of the property and will provide the details of the seller/owner, loan details, etc.

No-encumbrance certificate:
This certificate contains the record of this land, it is of at least 13 years and cannot be of more than 30 years. It provides the details of all the past owners during those years, any legal issue concerning the property, it will also provide the information if part of the property is sold to somebody else. This document should be evaluated very thoroughly.

NOC from the bank:
In case there is a loan taken on the house, guarantee that you acquire a No objection certificate from the bank. This is a declaration given by the bank that ensures that the total of obligation has been paid by the borrower. 

Possession certificate:
This is a declaration that will be given to you after you have gotten the sales deed. At the end of the day, this is authentication that approves the ownership for the property after the individual has physically taken control over the property. 

Bills and receipts of various taxes and utilities:
Check the bills of various utilities like electricity to make sure that no due is there and you will have no issues with transferring these on your name. Also, check various tax receipts concerning the property; this will make sure the legitimacy of the property.

Change in share certificate:
To obtain an owner certificate on your name, you are required to submit this along with relevant forms, signed by both seller and buyer.

No objection certificate (NOC):
NOC is required and issued by numerous agencies like the fire safety department. Make sure that the building has all the required NOCs, as it is unlawful to sell a property without these and even you can get into trouble for buying and owning such a property.

Society related records:
If you are buying a house in a society, make a point to review these records to ensure the genuineness of the house. These record incorporate property card, and so forth. 

Sale deed registration:
This is issued by the registrar’s office and can be understood simply as being proof of ownership; it is only issued after the project is complete in all ways. This document is absolutely necessary and you should not go ahead in its absence.

Share certificate:
It is always issued in the name of the owner of the property and is issued when you buy a house in CGHS (Cooperative Group Housing Society)

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