Property Documents: It is very important to thoroughly check the required documents and legal procedures before buying a property. Lack of correct information may lead to frequent visits to police stations and courts. Therefore, before finalizing a deal for a house or other property, carefully check all the aspects-
Property Documents Buying a house is everyone’s dream, but negligence in this can create big trouble. It is very important to thoroughly check the necessary documents and legal procedures before buying a property. If you do not have the right information, you may have to visit the police station and court.
Therefore, before finalizing the deal of a house or other property, check all the aspects closely. Pay attention to important points like property ownership, status of documents and registry, so that there is no problem in future.
Check these 5 things before buying a property-
– Property deed can be prepared in two ways. In the first method, you directly meet the deed writer or advocate and tell them about your transaction, and they prepare the deed and get the registry done. In the second method, the entire work is done through the property dealer, in which the dealer also does the work of getting the deed made. In any case, it is necessary to get the deed prepared four-five days before getting the property registered.
Many times the deed writer just changes things like name and address and copy pastes the previous registry and prepares the registry. If any detail is entered incorrectly in the registry, then you may face trouble in future. It is better to get the deed prepared 4-5 days in advance and check each and every thing.
Check the property details in the deed closely. Check that the mutation of the property is in the name of the person who is selling the property to you. Secondly- the measurement and boundary mentioned should be correct. If you are not able to understand anything in the deed, then you can take the help of an advocate.
– Correct calculation of stamp duty on the deed is very important. According to Advocate Naresh Kudal, when getting a title deed made, even if the stamp duty is high, the documentation should be correct. Many people try to save stamp duty by giving wrong information, but this problem can increase later. Therefore, it is better to give correct information in the first time so that any kind of trouble can be avoided in future.
– The most important thing is that it is very important to check the title of the property whose registration you are going to do. For this, one should never wait for the day of registration. You should ask for a copy of all the title papers of the property from the dealer or seller through whom you are dealing. Those papers should be carefully looked at to see if the title chain is complete or not.
The dealer or seller should also be asked whether he has the original copy of all the documents available with him or not. If not, what is the reason for it and whether any missing report has been lodged with the police. Advocate Kudal says that if you have even the slightest doubt in the papers, contact the advocate.
– Before buying a property, make sure that the seller actually has possession of it. Many times it happens that after buying a property, when you take possession, someone else is in possession of it. Therefore, it would be beneficial to prepare a possession letter on a stamp paper of Rs 100, which has the signatures of both the buyer and the seller. Making a video while taking possession can also be a security measure, so that any dispute can be avoided in the future.
What is important on the day of registration?
– At the time of registration of the property, you have to take all the original papers from the seller. It will be better if you get a stamp paper of Rs. 100 made while handing over the property papers.
– It is also very important to check whether there is any kind of loan or any department’s dues on the property you are buying. Like house tax, electricity, water, telephone broadband bills. At the time of registration, you should also take a copy of their latest bills.
– When you register a property, at least 2 witnesses are required. The signatures of these witnesses are also on the document and their biometrics are also recorded in the sub-registrar office. Many people do not take the subject of witnesses seriously. Many times, the property dealer or deed writer is made a witness and they get the signatures done. If there is a need in future, such witnesses will not be of any use to you. Therefore, always keep in mind that you should keep such a person as a witness who can testify in the court if required.
– The thing to be kept in mind here is that do not make any of your close relatives a witness because if the case ever goes to the court, the court considers such witnesses as selfish.