Crucial Documents That You Should Check Before Buying Any Propertyby Avadhesh Sharma SEO Analyst
Buying property in India is a daunting task and requires you to follow some norms in the complete buying and selling process. With constant changes in the rates of property in Sonipat Road Rohtak, tax rules and industry changes make the whole process a little more complicated. If you have found some worthful property on Sonipat Road, Rohtak, you should know certain things before making the deal as final.
Documents play a crucial role while buying or selling any property in India. Certificates and documents are used as criteria to decide whether to take the deal forward or not. Valid documents ensure that you are investing your money in a legal property. So, the following are the essential documents that you should check before spending your hard-earned money.
Title deed determines the name of owners of the respective property. It offers the owner to claim absolute ownership over the property. So, while buying any property, the buyer must ensure that the property belongs to the respective seller. In case of any discrepancies, the property should not be purchased without confirming with the real owner or could be illegal property.
Sanctioned Building Plan
Before starting the building construction, the developers need to get approval from the local planning authorities. Hence, the developer must submit the necessary documents for the plan's consent to the concerned authorities. So, when you hunt for any property like property for sale in Sonipat Road, Rohtak, you must check the sanctioned plan for the building.
The tax receipts are one of the most important documents concerning the property buy and sell procedure. Failure to pay the tax on proper time might lead to the penalty on the owner of the property. Therefore the property owner must produce the legal tax receipts and have completed the tax regime properly.
If there are any charges, mortgage, etc. on the property, then encumbrance certificate is issued by the sub-registrar in this case. The certification presents the complete details about the legal dues which are pending about the property. Therefore, the buyer should check if the property is under any such charges or not.
The mutation document contains all the details about the property like size, location, name of the owner, and all the crucial information concerning the property. The municipal authorities issue this document on the name of the current owner. Therefore, the buyer of the property could check this document to gain all the essential information about the property. This document also ensures whether the seller claims are right or wrong regarding the property.
So, whether you are purchasing a newly constructed property or a reselling apartment on Sonipat Road, Rohtak, you must consult with the property agents. Moreover, you could seek guidance from these agents regarding the crucial documents if you are a novice in this matter. Investing money on the wrong property could incur a massive loss for you, so it's better to seek guidance from the experts.
Created on May 28th 2020 23:04. Viewed 280 times.
No comment, be the first to comment.