Verifying property documents before purchasing a property is crucial to ensure that you are making a safe and legal investment.
Here are the steps you should follow to verify property documents:
Title Deed Search:
- Request a copy of the property’s title deed from the seller or their representative.
- Verify the name of the current owner on the title deed and ensure it matches the seller’s information.
- Check for any encumbrances or liens on the property, which may be mentioned in the title deed.
Obtain an encumbrance certificate for the property from the local sub-registrar’s office. This document will show all transactions related to the property over a specific period, which helps you confirm the property’s ownership history.
Check the land records at the local land revenue office or municipal corporation to verify the property’s details, including its survey number, area, and classification.
Examine the sale deed, which is a legal document that transfers ownership from the seller to the buyer. Ensure that it is executed on a non-judicial stamp paper, properly signed, and registered.
Property Tax Receipts:
- Review the property tax receipts to confirm that the property’s taxes are up to date.
- No Objection Certificates (NOCs):
- Check for any NOCs required for the property, such as an environmental clearance, water connection, and municipal approval.
If the property is in a multi-story building, check for an occupancy certificate, which confirms that the building complies with local building regulations and is safe for habitation.
Obtain a Khata certificate, which is proof of property ownership and is essential for property tax payment.
Approved Building Plan:
Review the approved building plan with local authorities to ensure that the construction is legal and as per the sanctioned plan.
Non-Agricultural (NA) Certificate:
If the property was originally agricultural land, verify that it has been converted to non-agricultural land, as agricultural land has restrictions on use and ownership.
Legal Due Diligence:
It is advisable to consult with a lawyer or legal expert who specializes in property matters to conduct a comprehensive legal due diligence.
Physically inspect the property to ensure that it matches the details mentioned in the documents and that there are no encroachments or discrepancies.
If you plan to take a home loan, the bank will conduct its due diligence on the property before approving the loan. Their assessment can provide an additional layer of verification.
Verification with Local Authorities:
Contact local municipal authorities and government offices to cross-check the property’s status, any pending legal issues, or disputes.
Survey and Boundaries:
Hire a licensed surveyor to verify the boundaries of the property to ensure that it matches the records.
It’s essential to be thorough in your document verification process to avoid potential legal and financial complications in the future. Consulting with legal professionals, property experts, and conducting due diligence can help you make an informed decision when purchasing property.
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