Property Documents Check

Importance of property documents check

Properties are regarded as one of the costliest forms of investment, which is highly intensive of capital. In case a single mistake is made, it can cause big trouble for the buyer to proceed further with the process. This factor makes it crucial to perform the procedure with high caution, especially when examining property documents. Interestingly, proving ownership of any land requires validation through a set of documents, as a physical asset cannot merely be proven to be someone’s without verification. Legal advice is necessary to avoid scrutiny of documents and attain peace of mind and assurance.

Now that we know why property documents check is crucial, let us head on to understanding the benefits of document verification.

1. Setting the purchase checklist for flat

As the first step, it is necessary to ascertain the title with the seller for securing the property. Documents that are more than thirty years old should be examined thoroughly, and the seller should be asked to provide the below-mentioned documents-

• -Documents pertaining to the property’s title include government order of grant, certificate of succession, deed of sale, gift deed, and deed of partition, to name a few. These documents act as evidence of the transfer of the title in the past.
• -Title’s nature- leasehold, development right, or freehold
• -Power of Attorney executed in the seller's favour and issued by the owner.
• -All titled documents, stamped and registered at the office of the sub-registrar. 
• -Khata that is registered in the name of the seller.
• -Information pertaining to pending or previous litigation.
• -Availability of original documents with the seller.

2.Verification of the seller’s identity:

Similar to the verification procedure of the property title, the buyer should ascertain the seller’s identity and terms and conditions that will govern the seller’s ability to transfer the property ahead. It is imperative to check the documents before buying any plot. These documents consist of Aadhaar card, PAN card, passport, salary certificates, and income tax returns, to name a few.

3. Permissions of land use and conversion

Due to the high rate of urbanisation and agricultural land merging with big business makers for revenue, conversion of land for non-agricultural purposes has started to gain great importance. 

There are certain laws that restrict conversion of agricultural property by non-agriculturists. Hence, it is crucial for the buyer to carefully examine the master plan of the property to check whether it has been built according to the zoning plan. These plans highlight whether the zones are residential, commercial, public, parks, or open spaces, to name a few.

4. Approval for construction

The buyer should go through the building plan or layout plan, sanctioned by the concerned municipal authorities, and approvals from government, statuary and regulatory authorities. One should request copies of NOCs from various departments, including the Pollution Board, Environment Department, Sewage Board, and Traffic and Coordination Department.

WebLex’s Stance:

Building the home of your dreams can be a cumbersome process that demands compliance with various legal procedures. This is where it becomes highly crucial to go through a thorough property document check. Following a process for property document check will enable you to understand what sorts of documents need to be submitted for verification and then finalise the property sale in compliance with the State and Central laws. So, now you know what to do next time you want to finalise a property!