Buying a property is among the biggest financial decisions of your life. In India, various property laws govern buying and selling of properties.
Whether you are buying a commercial space, residential property, or a piece of land, you should verify all legal documents. Property buyers mainly focus on location, property price, and amenities. This may lead to frauds and property disputes.
Therefore, verifying documents becomes a crucial part of safeguarding your investment.
Why is Document Verification Essential?
In today’s era, property disputes and frauds are on rise. They are a part of civil litigation in India. Many such disputes arise as buyers may fail to conduct proper legal checks. Therefore, verifying documents is vital to:
- Confirm the ownership of a property
- Identify if there is any existing loan on the property
- Detect any fraudulent transaction
- Ensure the property comply with adequate local regulations
- Securing your investment
What Documents Should be Verified?
To protect your investment from fraudulent practices, you should verify all important documents. You can take advice from Dr Gaurav Manuja regarding property related issues and verification of documents.
These important documents are listed below:
Title Deed
In any property transaction, title deed is considered the most important document. It mainly establishes a seller’s ownership rights. It is also considered a reliable proof that they have legal rights over the property.
Sales Deed
It is a primary document that transfers ownership from a buyer to a seller. This document has all the details such as names of a buyer and a seller, sales amount, property description, rights and obligations of a property.
Mother Deed
It is an historical ownership document that helps you identify a property’s origin. It serves as an evidence regarding how ownership is transferred from one owner to another.
Occupancy Certificate
It is a certificate issued by local authority confirming that the building is being constructed as per plans and safety norms. The certificate is a proof that the building complies with all legal procedures.
Completion Certificate
The completion certificate states that a builder has completed the construction of a property in accordance with the plans. In case of a missing completion certificate, a building may be assumed as a part of unauthorised construction.
Property Tax Receipts
After the purchase of a property, outstanding taxes may become a responsibility of the owner. Therefore, before finalizing a transaction, you should verify all property tax records.
No Objection Certificate
Many government departments issue NOCs on the basis of a property’s location and its type. Common NOCs in this case include fire department, water supply, pollution control board, and electricity department.
Need A Professional Advice
Get comprehensive advice regarding property document verification from Dr Gaurav Manuja. His expertise and professional insights help you make an informed decision regarding your property. Contact 9810013263 and get in-depth consultation for your property matters.
