Hi Pratik, Here are 11 important documents to check before buying a new property. a) Sale Deed, b) Mother Deed, c) Building Approval Plan, d) Commencement Certificate, e) Conversion Certificate for agricultural to Non-agricultural Land, f) Encumbrance Certificate, g) Betterment Charges Receipt, h) Power Of Attorney, i) Latest Tax Paid Receipt, j) Completion Certificate and, k) Occupancy Certificate.
You can check or verify your property papers without a lawyer. Due diligence of your rights can certainly protect you against unscrupulous practices by developers. It is always best to physically check all documents before buying any property. Must check the complete details of the seller. Must read the delay penalty clause. A penalty clause should be incorporated in the purchase agreement, clearly specifying milestones and the penalties in case of failure from both seller and buyer.
Hi Pratik, It is a very easy and simple process. Here are the list of documents you have to verify before buying a property. a) read the title deed carefully, b) check the sale deed of the apartment, c) building approval plan, d) commencement certificate, e) encumbrance certificate, f) land use conversion certificate, g) completion certificate and, h) occupancy certificate. You can some of the documents from local body or municipal corporation and rest of from tehshildar or registrar office.