Where can I get some basic information regarding property deals?

Q: I know there are a lot of documents like OC, Conveyance and all that. Where can I get basic info? Also, one more question is where can I get some reference rates for properties? How do you know which zone or sub-zone you are in? What is CTS no.? What will be andaaz se property rates of various areas?

Rushabh Doshi,

16th October 2014

Property Selling in Mumbai

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@Shrikant,
In Mumbai Suburban District, there are three Talukas viz. Kurla, Andheri, Borivali and 86 village . City Survey of these are done by 10 city survey offices. Along with the above CTSOs there is an independent Office of the Taluka Inspector of Land Records, Mumbai Suburban District. The Suptd. of Land Records is the controlling authority of all the CTSOs & the T.I.L.R.

Ashish Bhoite, Mumbai

17th November 2014

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HI,
The City Survey Record is prepared for all the villages in Mumbai Sub District. The City Survey record for each individual parcel of land has been created and given a particular number which is known as City Survey number. A property card for each City Survey number is also prepared. The P.R.C. it self contains the following details.

City Survey number is also prepared. The P.R.C. it self contains the following details.

Ashish Bhoite, Mumbai

17th November 2014

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It also indicates the names of the Holders, only incorporated if the property is non-agricultural. If the property is agricultural, only tenure is mentioned as agricultural in P.R.C. When the property is converted to N.A. and after producing necessary documents by the applicant name of the holder is incorporated in the P.R.card after N.A. measurement and following due procedure.

Shrikant Kejriwal, Mumbai

17th November 2014

Thank you all for the replies. However, I wanted to know where can I find a book on basics/ some article online for getting all this information

Rushabh Doshi,

18th October 2014

Comment

Hi,
It is also considerable that you may wish to consult a lawyer to understand better the process of buying a property and your rights and obligations before signing any document. In engaging a lawyer you should also clarify the scope of services to be provided as well as the fees payable.

Abhijit Thanki, Mumbai

17th October 2014

Comment

Hi,
In terms of the input data we discussed above, here is where you should be looking for each of these:
1) Property Details: This information should be available from the seller, but more comprehensive and detailed information can also be obtained from your local County Records Office i.e. registrar office.
2): Purchase Information: It’s worth having the property inspected by a professional building inspector to ensure that there are no hidden issues or problems.
3) Financing Details: Get an idea about the cost of the loan and the necessary down payment.
4) Income: You can also talk to the property management company currently running the property to get this information and it should come directly from the seller.
5) Expenses: Similar to income, details about expenses should come directly from the seller (last warning not to trust pro-forma data!) or the property management company currently running the property.

Praveen Modi, Mumbai

17th October 2014

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