Important legal documents checklist for buying a house

Important legal documents checklist for buying a house

Buying a property includes a capital investment. And a mistake could result in a great deal of trouble along with monetary damages. Homebuyer needs to be cautious when checking property documents.

India has a strict, lengthy, and cumbersome documentation process for owning a house. A lot of paperwork is involved in the formalities required to own a home.

Here is the list of documents you need to check while buying a house –

Sale Deed- It has various names, is also known as Title Deed, Mother Deed of Conveyance Deed. It is one of the crucial documents, without which you cannot transfer the ownership from the seller to the buyer. A person cannot sell the property if the title of the house is not in his name, so it is better to make sure the person from whom you are buying the house is the legal owner of it. Make the property you are buying is free of any disputes over the ownership of the house. It is to register with the registrar under whose jurisdiction area the house is located.

Type of title of transfer- Sale deed, succession certificate, Government order for grant, sale deed, gift deed, will, partition deed, etc.

Title category- Freehold, Leasehold, or development rights.

Encumbrance Certificate-

It is important to find out if the house you are buying is free of any standing dues or not. An encumbrance certificate is a mandatory document in property transactions indicating freehold ownership. You can find these details about the house you are buying at the sub-registrar office. The office can provide you with all the background details about any mortgage, third-party claims, liens, etc. Sale deed duplicate is to be submitted to obtain the Encumbrance certificate. You can obtain the EC from the Sub-registrar by filling a form.

Master Plan-

Sometimes, to entice buyers, developers endorse falsehoods such as nearby shopping malls, schools, highways, and the construction of the metro line. Hence, before buying a property, you should investigate. You can obtain the master plan from the local town planning department. You can ascertain from the master plans if the tall claims of the developer would ever come into existence. Don’t forget to notice the land use zone in the Master plan.

House Plan Approval

Verify if the building plans have been approved, also ensure if the land is approved for construction where the building is located. Check if the developer has obtained all the necessary approvals from the respective departments.

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