Property documents: Buying a home or land is a big dream, but this is where most people make mistakes. They finalize the deal without properly understanding the paperwork.
Property fraud and disputes are common in India, so it’s crucial to thoroughly check every document before signing or making any payment. This will protect your property and prevent you from getting into legal trouble.
Start with the title deed
The title deed is the document that establishes the true owner of the property. Always ask for a copy. Make sure the seller’s name matches the official records. Also, ensure the title is clear, meaning there are no lawsuits, disputes, or mortgages on the property, and the owner has full rights to sell.
View Encumbrance Certificate
An Encumbrance Certificate (EC) indicates whether there are any outstanding loans or legal encumbrances on the property. You can obtain it from the sub-registrar’s office. It typically covers a period of 15 to 30 years. Any outstanding bank loans on the property will be listed on the certificate. This will clearly indicate whether the owner is shifting his or her debts onto you.
Check the building plan
If you’re buying a flat or home in a project, make sure the builder has received all approvals from the local development authority or municipal corporation. Be sure to ask for an approved building plan and verify that the actual construction is being carried out in accordance with it.
If the builder has made any illegal changes that are different from the plan, you may get a fine or demolition notice later.
Be sure to check your tax and utility bills
Unpaid taxes or electricity and water bills could cause problems later. Therefore, be sure to ask the seller for recent tax receipts and proof of electricity and water payments. This will also confirm that the property is properly registered with the local authority.
Verify RERA registration
If the property is currently under construction, check to see if the project’s name is registered on the state’s RERA website. RERA registration means the builder must comply with established regulations and provides buyers with additional legal protection. This is a small step, but it can prevent major disputes later on.
Please seek the help of a lawyer
People often wonder why they should spend money on a lawyer, but that very expense could save you lakhs later. An experienced property lawyer thoroughly examines documents, catches flaws, and ensures that your ‘Agreement to Sell’ and ‘Sale Deed’ are completely secure.
Buying a home is an emotional decision, but the real security lies in the paperwork. If you carefully review every document from the outset, your dream home won’t be entangled in legal complications later.
