Is your property safe?

Right Priya,
Property verification is very simple. To verify the history of the property, you can check the updated current 7/12 extract of the property duly issued by the office of local Talathi.

Through the 7/12 extract you can come to know the name / names of the owner / owners, the Hissa (share) of the owner, the property Gat Number or the Survey Number, if any other person or entity does have any right in the property then it is mentioned in the column of the other rights in the 7/12 extract, and all the mutations numbers of the past transactions made in relation of the same property.

Hi Rakshit,
I want to know that the same checklist required for resale property or there are few other documents that a buyer should ask for?

I heard that documents such as sale agreement, sale deed, mother deed and tax paid receipts by the builder on total saleable area are to be obtained at the time of property registration, in case of under-construction property. What is your view?

That is correct Rakshit. The 7/12 extract is a very important tool as it provides all the important information and history of the property. Clarity of the past transactions will help provide clear information about the transfer of the property.

@Anurag those documents are to be obtained at the time of registering the property. Some other documents to keep in mind for an under-construction property are: 1) Write to the development authority and check the land use certificate to ensure that the property you plan to purchase is in the residential zone. 2) Construction Clearances 3) Building Plan/ Layout Approval 4) Master Plan of the Area 5) NOC and other Clearances 5) Booking Form, Allotment Letter and Builder Buyer Agreement.