important documents


Almost every individual dreams to own a property in his or name. But what if your hard earned money is being invested in such a property which comes out to be in the name of any other person other than the person from whom you have bought the property? Or there comes out any other misrepresentation or misappropriation with any legal or general important documents of the property? What then? Worried? Of course, it is a matter to be because the colossal money you are going to invest in either your hard earned money or from a huge bank loan which you still has to pay off along with huge interest.

But do not worry; following are the legal and important documents which you must consider while purchasing the House Property:

  1. Title deed: This is the foremost and an essential document. It will tell you whether everything associated with the property is legal or if there is any litigation pending against the property.  It also confirms that the seller himself owns the property and has the right to sell the property also he has the freedom to transfer ownership.
  2. Intimation of disapproval (IOD): There is a set of permissions which must be obtained by a developer of the property at multiple stages of construction. ‘This would involve acquiring approvals and NOC short for No Objection Certificate from multiple departments such as the Sewage Departments, Forest Department, Environment Department, Storm Water, and Drain Department, Airport Authority and Pollution Board,  Traffic and Coordination Department, Chief Fire Officer, among others.
  3. Patta / Khata / Mutation (Certificate / Extract): Mutation refers to the change of title of ownership from one person to other when the property is disposed of or transferred. The new owner gets the title of the property recorded on his or her name in the land revenue department.
  4. Commencement certificate (CC): The local authorities must issue this certificate to start the actual construction work.
  5. Approved layout plans: The appropriate planning authorities must approve the layout plans. Home buyers need exercise caution as there have been cases where developers deviated from the approved layouts, by adding extra floors or reducing open areas.
  6. Encumbrance certificate: Registration authority has the authority to provide this certificate. It tells you whether the property carries any monetary or legal liabilities.
  7. Purchase agreement: One must go through this document carefully to make sure that it includes every legal thing you were promised. You can only hold a builder or seller legally accountable for what is written in the purchase agreement and not for whatever has been promised and said verbally to you. The contract should contain all significant details of the construction project.
  8. Occupancy certificate (OC): Local authorities also issue this Certificate; it states that the property has been constructed in compliance with the permissions provided.  The developer would have completed all the necessary electricity, sewage, and water connections. So, these are some important documents that are to be considered while purchasing the property in your name.

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