Legal Documents Required For Purchase Of Property – Check These Now

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legal documents required for buying property
legal documents required for buying property

Are You know What are Legal Documents Required For The Purchase Of Property? Then, You Must Read this blog post. Let’s get into detail about the latest blog post- Legal Documents Required For Purchase Of Property

Buying a plot of land is a significant investment, and it’s essential to make sure that the property you’re purchasing has a clear legal status. There are several important documents that you should check before finalizing the purchase to ensure that you’re buying a property that’s free from any legal issues.

Here are some of the essential legal documents to check before buying a property:

1. Title Deed:

The title deed is the most critical document to check when buying a plot of land. It’s a legal document that establishes ownership and contains details about the property, such as its location, boundaries, and any restrictions or encumbrances that may exist. The title deed should be in the name of the seller, and you should make sure that the seller has a clear and marketable title to the property.

2. Sale Deed:

Coming to the sale deed is a legal document that serves as evidence of the transfer of ownership of property from the seller to the buyer. It’s an essential document that formalizes the transaction and protects the interests of both parties.

3. 7/12 Extract document:

The 7/12 Extract is a land revenue document in India that has vital details about a particular piece of land. It’s issued by the state Revenue Department and used to verify land ownership, sale or purchase, and for loans against the property.

This document is called the 7/12 extract because it’s taken from Revenue Department records. It includes land ownership, land use, survey number, area, and other relevant details.

4. Encumbrance Certificate:

The encumbrance certificate is a document that provides information about any mortgages, liens, or other claims on the property. It’s essential to check that the property is free from any encumbrances or disputes. You can obtain an encumbrance certificate from the local sub-registrar’s office.

5. Survey Sketch:

The survey sketch is a map that shows the boundaries and measurements of the property. It should match the information in the title deed and provide a clear indication of the land’s boundaries.

legal documents required for a property  to purchase
legal documents required for a property to purchase

6. NOC:

If the plot is located in a development area or society, it may require a No Objection Certificate (NOC) from the relevant authorities. It’s essential to check that the seller has obtained all necessary permissions from the local authorities.

7. Tax Receipts:

The seller should have paid all property taxes due up to the date of sale. You should check for receipts or other documentation to confirm that all taxes have been paid.

8. Mutation Register Extracts:

Mutation is the process of transferring ownership of property from one person to another in the official records maintained by the government. It’s essential to check the mutation register extracts to ensure that the seller is the rightful owner of the property.

9. Power of Attorney:

If the seller is not the original owner of the property, they may have obtained power of attorney to sell the property on behalf of the original owner. It’s crucial to ensure that the power of attorney is valid and legally binding.

10. Building Plan Approval:

If you plan to construct a building on the plot, it’s essential to check for building plan approvals from the local authorities.

Conclusion

Before buying a plot of land, it’s crucial to check the title deed, encumbrance certificate, survey sketch, NOC, tax receipts, mutation register extracts, power of attorney, and building plan approval. By doing so, you can ensure that the property is free from any legal issues and make an informed decision about your investment. Contact us now for legal experts.

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Frequently Asked Questions

Q: What is a sale deed, and why is it important?

A: A sale deed is a legal document that serves as evidence of the transfer of ownership of property from the seller to the buyer. It’s important because it formalizes the transaction and protects the interests of both parties.

Q: What are the essential legal documents that I need to check before buying a plot?

A: The essential legal documents that you need to check before buying a plot include the title deed, encumbrance certificate, survey sketch, NOC, tax receipts, mutation register extracts, power of attorney, and building plan approval.

Q: What is a 7/12 extract, and why is it important?

A: A 7/12 extract is a land revenue document in India that contains vital details about a specific piece of land. It’s important because it verifies land ownership, sale, or purchase, and is necessary for availing loans against the property

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