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Q.Proerty Verification

Q. Proerty Verification

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Anonymous

posted 4 months ago

Hello Sir,

We are planning to purchase a land through a Society. After paying 25 percentage of cost we will get a booking confirmation. Asper Them allotment will be done after 15 to 19 months and have below approvals.
1.EC Copy
2.Land Conversion 40 Acres
3.BMRD Approvals
4.BIAPPA Plan Approval in process
5.Survey Numbers
6.STRR road Planning Approval

Please Advice how how to Verify project before allotment and if there will be any delay in allotment then what Penality we can charge to them.
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A. dear client for better resolution you can approach to Senior Advocate having Civil Law as specialisation from your Area or neighbouring area.

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Deepak Bade

Experience: 9 Year(s)

Responded 4 months ago

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A. Dear sir, for details, pl.contact a local advocate through Vidhikarya.com for due diligence of the real estate. This involves departmental search especially the conversion certificate from agricultural land to non-agricultural status.

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Rajender Prasad

Experience: 5 Year(s)

Responded 4 months ago

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A. contact a local lawyer from Vidhikarya for due diligence of the real estate. This involves departmental search especially the conversion certificate from agricultural land to non-agricultural status.

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 4 months ago

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A. Dear Sir,
Land related matters will come under State laws and it will be appreciated if you can get a Senior Advocate having Civil Law as specialisation from your Area or neighbouring area.
Shanti Ranjan Behera
Advocate

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Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 4 months ago

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A. Dear sir better to approach any local lawyer. He will help you. Otherwise u can call me through vidhikarya

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 4 months ago

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A. Dear Sir,
Please contact me with the bunch of documents so that I see each of them. Any how must at least get following documents.
=====================================================
1. Title Deed
This is a type of document that typically outlines the chain of ownership of the respective property. It provides full right to the owner to claim the absolute ownership over the property. While buying the property, check if it belongs to the respective seller. Check the deed thoroughly, and if have no knowledge about it you can seek help of a property agent. If the title of the property isn't in the name of the seller, then legally the property shouldn't be purchased unless the consent from the real owner.
2. Sanctioned Building Plan
Every developer at the start of the construction has to get the approval from local planning authorities. The developer has to submit the required documents for the sanctioned plan approval. So when you hunt for a residential apartment, do check if the developer agrees to present the sanctioned plan, if not then the construction is termed as illegal.

3. Completion/Occupancy Certificate
This is yet another essential document the developer of the property has to submit to the buyer. Municipal authorities issue the Completion Certificate (CC) after the completion of the project. Occupancy Certificate (OC) is issued by the local government agency after the inspection and states safe for the residents. These documents are an important part of the home loan and should be in your checklist.
4. Tax Receipt
The property owner has to present you with the legal tax pay receipt failing to which the government is authorised to impose a penalty of certain percent every month on the property buyer. So do make sure to check if the existing property owner has completed the tax regime.

5. Encumbrance Certificate
It is a document issues by the sub-registrar to check if there is any encumbrance on the property like mortgage, charges, etc. The sub-registrar issues the certificate with complete details about the legal dues pertaining to the property. It is important for the property buyer to check whether the property is under mortgage or loan.
6. Mother Deed
This document is needed when you buy a resale property. This is the parent document tracing the ownership right from the start. There are situations where the owner may do some fraud activity by undertaking the ownership of the property illegally, which will certainly effect your investment.

7. Power of Attorney
This is an important document when buying a property. It is required to know if the seller has complete right over the property and selling it. You can even check with the real owner to have a check over the enforcing of power of attorney to the seller.
8. Mutation Document:
This document contains all the details about the property including the name of the owner, property size, location, and other important information. It is issued by the municipal authority in the name of the present owner.


For full procedure contact me on mobile through Vidhikarya.

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