Important documents to check before buying a house in Bangalore
A prospective buyer of flat or apartment in Bangalore, before entering into any contract with OR making any payment to the owner must verify the following documents. It is advisable to engage a competent legal professional and get the documents scrutinized by him.
Mother Deed: It contains the chain of titles of the relevant house/apartment/ flat and of the land on which it has been constructed. It traces the original ownership of the property and all subsequent transfers which must be seamless and uninterrupted.
Khata certificate: If the project containing the property is under joint development agreement between the owner of the land and developer, the certificate has to be in the name of the land owner and if the land is owned by the developer then, khata must be in the name of the developer.
Tax paid Receipts: It must be ensured that up-to-date tax is paid to the concerned authority against the khata. Unpaid tax (if any) may become liability of the flat owners.
Joint Development Agreement: It contains the terms and conditions set and agreed by and between land owner(s) and developer and constructed area sharing ratio between them. It must be scrutinized to ensure that nothing contained in the agreement leads to subsequent litigation.
Non-encumbrance certificate: At least for the last 30 years must be obtained to ensure that the land /property is not charged / encumbered against any obligation and / or undischarged liability.
Sanctioned Plan: A copy must be obtained and preferably scrutinized by a professionally competent architect to ensure that the construction is strictly as per the sanctioned plan.
Approvals and Clearance Certificates: The project must be approved and “No Objection” / “Clearance Certificate” issued by the appropriate authority such as Municipal Corporation, Electricity Board, Area Development Authority, Water Supply and Sewage Board, Fire department, Income Tax, Urban Land Ceiling authority, Environmental Clearance etc. (according to applicability).
Occupancy Certificate: It is issued to the developer for the entire project by the civic body and in turn a copy is given by the developer to every flat owner. Issuance of this certificate ensures that the completion of the project is in accordance with the statutory requirement of the civic body and there is no outstanding payment against the project.
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This article is contributed by -IndianPropertyLawyers, simplifying property
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