Hello viewers , Do you know that Purchasing your first house is a great achievement, but be sure everything is legal before you do. This is a thorough list of all the paperwork you must confirm before completing your transaction.
Definition: This is the parent document tracing the ownership history of the property.
Importance: Ensures that the property has a clear and undisputed ownership chain.
– Definition: A legal document that proves the ownership of the property.
– Importance: Confirms that the seller has the right to sell the property and that it’s free from any legal encumbrances.
– Definition: These documents include land revenue records, payment receipts, and more.
– Importance: Verifies that the land associated with the property is recognized by the revenue department and is not in dispute.
– Definition: Documents that provide the detailed survey and measurement of the land.
– Importance: Confirms the exact dimensions and boundaries of the property.
– Definition: A map that shows the property’s location within the village or locality.
– Importance: Helps in verifying the location and surroundings of the property.
– Definition: Officially approved plans and sketches of the building or apartment.
– Importance: Ensures that the construction is legal and adheres to local building regulations.
– Definition: Certificates from various departments like fire, water, electricity, and environment.
– Importance: Confirms that the property has all necessary clearances for construction and habitation.
– Definition: A document that records the details of the property in the municipal records.
– Importance: Required for property tax payment and to establish the property’s legal status.
– Definition: Proof of property tax payment by the previous owner.
– Importance: Ensures there are no pending property taxes on the property.
– Sanction Letter: Approval from the local authority for the building plan.
– Occupancy Certificate (OC): Certifies that the building is ready for occupancy.
– Completion Certificate (CC): Confirms the construction is complete as per approved plans.
– Release Order: Issued by the builder once all dues are cleared.
– Importance: These documents ensure that the property is legally constructed and fit for habitation
– Definition: A document that shows the history of financial and legal transactions related to the property.
– Importance: Ensures that the property is free from any monetary or legal liabilities.
Although understanding the laws of purchasing a property might be difficult, FourQuarters is available to assist. Our professionals make sure that all your paperwork is in its right place, ensuring a safe and easy property purchase process.
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