What are the documents required to buy legal property?

What are the documents required to buy legal property?

documents required to buy legal property

The specific documents required to buy legal property vary depending on country, state, and local regulations.
However, to buy property in India, people generally require the following documents:

Deeds and agreements:

Sale Deed: This is the primary document that establishes the transfer of ownership from the seller to the buyer. It contains details of the property, the parties involved, the sale price, and other terms and conditions.

Title Deed: It serves as evidence of ownership and establishes the seller’s right to sell the property. It is important to verify the title deed for any encumbrances or legal disputes.

Mother’s Deed: This document traces the property’s ownership history from its origin to the present seller. It helps establish a clear and continuous ownership chain.

Other Documents required to buy legal property:

Property Registration: The local Sub-Registrar’s Office must register the property. The registration document serves as proof of ownership and legal validity. Also, registration documents are a must to buy legal property.

Khata Certificate and Extract: These documents verify the property’s tax assessment. The Khata certificate proves the property’s existence, while the Khata extract provides details such as the property owner’s name, property identification number, and tax assessment.

Encumbrance Certificate: This document verifies that there are no outstanding mortgages, liens, or legal claims on the property. You can obtain it from the Sub-Registrar’s Office, and it covers a specific period to buy legal property.

Building Approval Plan: If the property is part of a housing society or has undergone construction or modifications, an approved building plan and completion certificate from the local municipal authority are necessary.

No Objection Certificates (NOCs): Depending on the location and type of property, authorities may require various NOCs (No Objection Certificates). Moreover, these may include No Objection Certificates (NOCs) from the municipal corporation, pollution control board, water and electricity departments, fire department, etc.

Tax Receipts: To ensure there are no outstanding dues on the property, the buyer is required to provide proof of payment of property tax up to the date of purchase.

Identity and Address Proof: Buyers need to provide identification documents such as a PAN card, Aadhaar card, passport, or voter ID. Also, along with proof of address like a utility bill, bank statement, or rental agreement.

Power of Attorney (if applicable): If the property is being purchased through a power of attorney, the relevant document must be provided.

Loan Documents (if applicable): If the purchase is financed through a bank loan, the buyer will need to provide documents related to the loan application, approval, and mortgage.

It is important to note that the specific documents required may vary based on the state, city, and type of property.

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