Namma family builder

In India, we follow strict & lengthy documentation procedures in the property registration process.

The sale of immovable property of more than All transactions of sale. property above RS.100 is compulsory under registration act XXXX. Section 17.

The buyer must always be very clear about the Legal documents for buying a plot. Buying a plot and examining it before signing a deal.

Property investments are capital intensive.

The land has been the best investment since the beginning of time.

The checking process must be done, to make sure that the buyer has a fair right over the property.

It should bring peace of mind and a sense of security to the buyer.

In real estate investments, the goal is to put our money to work today so that we have more money in the future.

The value will increase in the coming years and there is no depreciation value for lands.

If we make a mistake, the consequences can range from minor inconveniences to major disasters.

The property should be free from legal issues.

Identifying the problems beforehand saves more expenses in the future.

With proper legal advice, scrutiny of documents and verification of relevant information about the property must be done.

The parent deed document is also referred to as ‘thai pathiram in Tamil and includes the unbroken flow of the title up to the present owner.

A parent deed is a statement that has the details of the rightful owner over a particular piece of property.

These legal documents for buying a plot record the change of possession of the title, rights, and ownership of the property to the buyer from a seller.

This Sale deed is a legal documents for Buying a plot that records the change of possession of title, rights, and ownership of the property to the buyer from a seller. When the 2 parties in a property transaction agree, the title of the property is transferred through a sale deed.

This is an essential document, both the buyer and the seller are required to be present at the time of the deed.

The name and details of both parties must be mentioned in the deed is done at the sub registrar’s office.

While buying a property, need to trace at least 30 years of history. Documents that identify the later owners of the property up to the present owner should be traced.

In case of Documents missing, the buyer can trace the title from the earliest document that the seller has.

The buyer can register an F.I.R. An advertisement can be published in a Newspaper within a time frame. If no 1 claims ownership within that time frame, the property will be considered legal.

The Encumbrance certificate shows whether the property is free from monetary and legal liabilities.

1 of the most important documents which were taken a loan against property from banks it shows all the details about transactions relating to the asset.

It will help to achieve proper entitlement.

It holds the name of all owners from the past 12 to 30 years.

It also includes the ownership title transfer, mortgages, etc.,

It also states that the property is free from all encumbrance.

Most banks demand this document before approving the home loan.

The Encumbrance Certificate should be bought by the buyer.

It is provided at the deputy registrar’s office and can apply offline form 22.

The real estate contract, in the simplest definition, is a promise enforceable by law.

The making of the contract requires the mutual assent of 2 persons, 1 of them making an offer and another accepting.