First step after selecting property is find an answer of the question documents required to buy property. Probably most of the buyers don’t get documents right. Even more not having complete documents property owner or buyer leads to struggle on the time of selling of property. In fact, most of the buyers and sellers are not aware of each paper or document. It plays an important role in purchasing process, as original or not and sometime requirement of documents varies from case to case in each state.
There is list which might be considered as checklist of document required to buy property.
This is main legal document required which admit the ownership of any property. Above all it refers the transfer (Purchase) of ownership in favour of buyer from seller. For the reason that it’s called legal proof for ownership of property.
Khata is an account registration as record in local municipal office to confirm construction of property , finally as approved plan.
Certificate– It is mandatory document for registration of new property after paying all taxes. Therefore Khata certificate will need to be present as name mentioned as owner of the property only. Hence not for any member of family.
Extracts– This is another document, refers as detail of property as registered format contains name, size, purpose of property (residential/commercial), assessment land.
These documents buyers need to have , with a set of date when possession would have handed over from developer. Therefore original copy of this document need to be in front of bank while applying for loan.
The owner has legal bound to pay tax on property. Similarly that’s why owner make to ensure about none of tax pending should be with concern property before purchasing it . Also tax receipts also considered as legal ownership of property.
The documents required if anyone is buying new property so ask original receipt and if the property on resale ask for copy of receipt.
Certainly local authority ask developer to make sure that property is finally ready to handover as a result of sanctioned plan.
This document shows that no pending mortgage or legal due with property . It is one of the key documents which is mandatory for loan approval for the property also . Form 15 need to have when property is in encumbrance and even that Form 16 need to have when no encumbrance with property.
Finally , this document admits construction of the project is according to approved plan and need to come in front of the bank when applying for home loan.
Building plan sanctioned by statutory authority
Most noteworthy , NOC from electricity /pollution department board