After saving for a lifetime, a person buys a property. If he is cheated in such a situation, he cannot emerge for the rest of his life. If you are also thinking of buying a property, then definitely check these four documents.
The case of Twin Tower was in discussion a lot in the past. The cost was paid in the form of a long battle by those who had booked flats in it.
This is not the only case, often such cases related to property purchase come to the fore when people become victims of fraud. Many people are afraid to buy property even if they want to because of this reason. Today let us tell you what things have to be confirmed before buying any property.
full identity of the seller
Don't ignore the identity of the seller while buying a property. To confirm the identity, it must be checked whether the person from whom you are taking the property has the government authority to sell the property or not. It is important to identify whether the seller is selling the property as a company, firm, or partnership firm. It is necessary to verify all the documents establishing the identity of the seller (Aadhaar Card, PAN Card, Income Tax Return) to confirm your right of ownership and transfer of the property.
Property Ownership and State Laws
Also take information about the land use pattern. Many state laws in the country prohibit the purchase of agricultural property by non-agriculturists. As a buyer, be aware of the master plan of the project and ensure that the property is being developed as per the plan.
Must check RERA registration
While taking any property, make sure that it is registered under the rules of RERA (Real Estate Regultory Authority). There can be difference in RERA rules of different states. RERA rules do not apply to flats or houses built on less than 500 sqm. Every state has its own RERA website. Enter the RERA number of the property you are buying by going to the website of the respective state and gather complete information.
In this you will get all the information. You should join only those projects which are registered under RERA. Also ensure that all the necessary provisions under RERA are being followed.
Sale Deed is also important
When a land or house is inherited by someone from his family, many times there are no sale deed ie registry papers on such property. But they should have Jamabandi papers. Every 5-6 years the government gets the survey done by the Patwari of the area and the land is registered in the name of the original owner. Do check this paper.
keep these things in mind
- When you decide to buy a house or land, you must ensure that the real estate is free from any defects.
- A verification report should be obtained from the buyer to verify that you are transacting with the genuine party.
- Make sure that the property you are taking is not under litigation.
- If there is any loan running on the property, then definitely take information about it.
- Also verify the details of the property with government records
