Important Tips: Immoveable Property

Obtain and verify the following documents:

1. Three prior title deeds (including jenmom purchase deed)

2. Title deed

3. Authenticated sketch having clear boundary demarcations.

4. Non-encumbrance certificate. (For 31 years preferably)

5. Latest land revenue tax receipts.

6. If there is a building on the land, all the relevant documents (such as building permit, building tax receipt, sketch/plan, etc. along with the latest building tax receipts).

Examine whether

1. The buyer has road/pathway access for ingress and egress.

2. If there is a pathway, whether it can be used by the buyer as his/her own private right or easment right along with others.

3. If the pathway is to bought seperately from a third party,  what is the amount that has to be paid and whether the third party is willing to transfer the property.

4. If the property is belonging to a particular person's share in the joint family property, whether all other co-sharers are willing to execute the sale deed transferring the piece of land to the buyer.

5. It is important to verify that the property does not belong to ecologically fragile area and the person who offers to sell the property is not barred by any law from transferring the property.

6. How much amount has to be paid as stamp duty and registration charges by the buyer?

Contributed by: asharaj53 @ gmail.com

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