Verifying property documents is a crucial step in the process of buying or selling property in India. It is important to ensure that the property you’re buying or selling is legally and financially sound and that the title is clear and free from any encumbrances. In this blog, we’ll explore the steps involved in verifying property documents in India.
- Obtain a Copy of the Property Documents: The first step in verifying property documents is to obtain a copy of all relevant documents. This may include the sale deed, registration certificate, power of attorney, and any other relevant documents that pertain to the property.
- Check for Encumbrances: Encumbrances are any legal claims or liens on the property. These may include mortgage loans, tax liens, or other debts that have not been cleared. To verify the property’s title, you can obtain a copy of the property’s revenue records and search for any encumbrances.
- Verify the Ownership: It is important to verify the ownership of the property to ensure that the person selling the property is the rightful owner. You can verify the ownership by checking the revenue records and the sale deed. The revenue records should show the name of the current owner, and the sale deed should provide details about the transfer of ownership.
- Check for Pending Litigation: It is important to check for any pending litigation related to the property. This can be done by checking the records of the local court. Any ongoing legal disputes can negatively impact the property’s value and may also affect your ability to sell the property in the future.
- Obtain a No-Objection Certificate: If the property is located in an urban area, you may need to obtain a No-Objection Certificate (NOC) from the local authority. This certificate confirms that the property is not in violation of any local building codes or zoning regulations.
- Verify the Property’s Boundaries: It is important to verify the property’s boundaries to ensure that the property is of the correct size and shape. You can obtain a copy of the property’s survey map and compare it to the description provided in the sale deed.
- Check for Property Taxes: It is important to verify that all property taxes have been paid up to date. You can obtain a copy of the property’s revenue records and check for any outstanding tax liabilities.
- Hire a Lawyer or Property Consultant: Verifying property documents can be a complex process, and it’s important to have a professional handle it for you. You can hire a lawyer or property consultant to assist you with the verification process.
Verifying property documents is an important step in the process of buying or selling property in India. By following these steps, you can ensure that the property you’re buying or selling is legally and financially sound and that the title is clear and free from any encumbrances. Hiring a professional to assist you with the verification process can make the process smoother and less stressful, and help you make an informed decision.