It can be tedious to verify the property details. If you buy or rent property from someone, ensure that they are the rightful owner. Property details can now be checked online. Let’s find out how!
1) How can I check if a property is legal online?
Online Registration Information Systems are available in every state in India. They are government portals where the public can get information about property. One can check the status of the property by going on the official website of the State-specific Online Registration Information System. You can find all the information about the property on the government portal. Property Details for Maharashtra and Delhi can be found on the “IGR Maharashtra” and the “Delhi Online Registration Information System” (“DORIS”), respectively.
You then need to click on the E-search option on the webpage. In DORIS, for instance, it is the second option from the left. Once the E-Search button is clicked, a new window will open where you can find multiple options for searching the property’s details. “Name or Property Address” can be used to search and verify the correctness of the property information. It is a legal property if the owner and property details are genuine. In addition, different property documents need to be verified to ensure the property complies with the laws of the state/centre.
2) How can I check the ownership of my property online in India?
Each state maintains a separate website dedicated to property information. To find out who owns the land, one will need to visit the official website. The official websites of the various states provide land records. You will find an option to translate the page to English on the upper right corner of the web page, even though the contents are in Marathi. The most important thing to note here is that each website will have a unique interface. If you go to the official Maharashtra website, a map will appear. To search, either enter the details manually or click on the appropriate district on the map, which will direct users to the relevant district’s records.
3) What is the best way to verify property documents?
Verifying the property is perhaps the most important part of buying a property. It is of extreme importance to perform due diligence on documents, as it provides insight into whether the property is legal or not. A clear property title helps us determine whether the property owes any loans, etc.
Online document verification is now available from many legal service providers. Property lawyers in the district court can also verify documents on behalf of their clients.
Verification of the following documents is required
- Deed of Sale
- Power of Attorney
- Property Title
- Sale Agreement
- Certificate of No Encumbrance, to confirm there is no mortgage or lien on the property.
- Documents such as Partition deeds or Wills may also be used in this context.
Verification of the legality and technicality of a property:
Verifying a property legally and technically is generally safer. When a lender takes a property loan, the lender goes to the bank. In addition to banks, non-banking financial companies also check the documents before the lender approves the loan. Documentation is done within the legal department of the bank. Therefore, lenders will not be caught in a dubious and fraudulent transaction, and banks will be able to verify the authenticity of documents while providing loans.
Technical Verification of Property is carried out by the Technical Valuation team. Valuation examines a property physically before granting a loan to a lender. The company examines the property physically, its condition, what it could sell for, the market rate, and the area of the property. A sale on the open market is done to make sure the bank can recoup the loan if the borrower defaults. The Bank will be willing to provide a loan to the lender if the property is worth Rs. 50 Lakh in the open market. Regardless of the failure of the lender to repay the loan, the bank can sell the property to recover its money. In such a case, the Bank will not fund 70-80 lakhs for the same piece because it will be near impossible to recover the funds.
You should always check the title and other information about a property before buying it. Since all states now have their own websites and the ability to check property details online, determining a property’s ownership is easier.