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I would like to know how do you ensure distribution of plots? Do you layouts available. Can plot be regester to buyer?
Q: I have a concern regarding managing distribution of plots. Does the builder show layout plan to show to purchaser to ensure that same plot is not saled to more than one individual.
How about registration? Are they regestering the plot in the name of purchaser?
Hi,
You are entitled to get a lay out plan from which he can choose the plot to purchase whichever remains unsold. Ask the builder to provide the plan and details about your doubts. Verify all the legal documents by a property lawyer and then proceed.
To purchase a piece of land, the following documents are required from the seller's end:
1) Original Land Deed of the current owner, known as the 7/12 document and also the previous owners with the proper names on the title.
2) An Encumbrance Certificate from the Sub-registrar's office for the last 30 years at least.
3) Release Certificate from the bank, stating that the loan on the land has been completely repaid.
4) Original property tax receipt and other bills relating to the plot.
Hi Rajesh,
Insist developer or the seller to give lay out of plot which you are purchasing and not to create 3rd party interest. Make Agreement of Sale.
Hi,
When you register the property anywhere in India system was introduced, it has become very difficult to find out the double registration or more of the same property in sub registrar office now-a-days. My advice to you register your property with the help of a property lawyer for future inconvenience.
Right Hamshika,
Limit change of jurisdiction (sub- registrar office) does not disprove your right on the property. So you have every right to set things right, it is not a waste if you are compelled to take legal recourse for your reasonable remedy.
Hi Rajesh,
When buying a property, legal due diligence is necessary to avoid getting difficulties in legal issues later. Here are some of the precautions you can take before finalizing a property deal. 1) Check the antecedents of the vendor (s). We all verify title deeds and all connected documents before buying the property. But we fail to verify the antecedents of the vendor(s).
2) Check the title of the property:- The title of the property forms the foundation of any contract. According to the Indian Contract Act, no seller can pass on to the purchaser a better title than what he already possesses.
3) Verify the title of the seller:- The vendor may have acquired his title either by purchase, by inheritance, by partition, by gift, by settlement or by grant.
4) Personal inspection of property under sale (site/building/flat/agricultural land):- You must take all reasonable steps to ensure that he is purchasing the property from a right person and also a right property.
5) Sale by holder of power of attorney:- If the sale documents are being executed by a person holding power of attorney on behalf of the owner, the said power of attorney should be scrutinized thoroughly.
6) Check the original documents-Always inspect the original documents of the seller and read all the documents carefully before signing them.
I think Pranab Is right. Purchasing a property/land requires utmost care. One has to examine and find out the title of the seller or nature of his right. A seller can sell only what he possesses. Therefore if a seller has proper and valid title, on purchase you will get valid title. If the seller's title is defective, you will get only defective title.