Real estate investments require a number of processes. A number of things need to be taken into account before making such a large investment. One of the most important and cautious steps in the process is the legal verification of property documents. A small error could have a negative impact on the investor’s financial situation. Packers and movers in Hyderabad can do a lot of things for you but all of the legal documentation process must be verified by you. For the purpose of verifying property documents, this is the reason why people look for legal assistance. Lawyers typically bill large sums of money, depending on how serious the issue is. This additional expense can be avoided with the help of the information supplied here.
Importance of Property Documents Verification
Verifying title and ownership of real estate requires examining the relevant documentation. It is the buyer’s duty to confirm that the seller is the legitimate owner of the property and is authorised to sell it. To lessen the negative effects of fraudulent transactions, such as monetary loss and legal issues, one should verify the below documents
Mother Deed (Title Deed/Sale Deed)
Mutation Certificate
Encumbrance Certificate
Property Tax Receipts
Conversion Certificate (NA Order)
Approval from Local Authority (Commencement Certificate)
Building Approval Plan
Occupancy Certificate (Completion Certificate)
No Objection Certificate (NOC)
Power of Attorney (if applicable, especially if landlord is NRI)
Joint Development Agreement
Steps to Follow for Property Document Verification
In order to ensure that the property is legitimate and to provide you peace of mind, it is important that property records be verified. If you are new to the city, you can contact your local Packers and movers and they will help you. Follow these steps to verify property documents.
Collect documents
Depending on your particular jurisdiction and the kind of property involved, obtain from the seller all the documentation that is required for the property.
Preliminary inspection
Examine these documents closely to be sure they are legitimate and to look for any differences. Verify if the information in the documents corresponds to both the seller’s and the property’s details.
Verification from local authorities
Consult the local government officials to confirm the information contained in the property document. This can include going to the land record office, registrar’s office, or local municipal corporation. This is the place to look up information about the property, including its legal status, actual owner, and current property taxes. You can take help from local Home shifting service as well
Property visit and survey
Conduct a property survey, which involves looking at the property’s interior and exterior measurements, and borders and contrasting them with the information found in the selling deed.
Verify the Encumbrance Certificate
The Sub Registrar’s office, where the property’s sales deed has been registered, is where you can get the encumbrance certificate. This document will assist you in determining whether the property is subject to any outstanding debts or legal claims.
Consult with a legal professional
Even though you don’t need a lawyer to verify property paperwork, getting one is a good idea. A knowledgeable property lawyer may provide insightful analysis and identify any legal problems that the inexperienced eye might miss.
Issue public notice
Another way to find hidden problems is to publish a notice about your plan to purchase the property in local media. The notification ought to invite any claims or objections to the transaction that may be made.
Final agreement and registration
The next step is to register the property in your name at the municipal or state registrar’s office after the deal is finalised.
