Going For Buying a land ??? Check This First
A Land – People calls it a “Gold Stone”. To purchase a land is not an easy task especially for first time buyers. A person buys a land for investment purpose or for its own residence or commercial purpose, though each and every person should considered points to check before buying a land or plot.
1. Clear and Marketable Title:
First to check whether land have clear and marketable title or note. Next thing to check is right of the seller, who is the seller, is he or she is the only person who owns this land or it has more owners written on land of title.
2. Legal Dues On Land:
Second thing to check about is there any legal dues are there in name of seller on the land? An unpaid Tax, you can simply know by having a certificate name encumbrance certificate which you can collect from sub registrar office where the deed has been registered.
3. Permission For Construction:
Research about concerned authorities have given permission for any kind of construction. A infrastructure is must around land or plot, check legal authorities maintains infrastructure like road, street light or you have to manage by your own. Ensure that planning permission and building approval has been obtained from the concerned authorities.
4. Layout of Plan:
In further to verify about a concerned authorities has approved a layout plan of land, T.P Scheme Number, also land survey would be better at time of purchase will make list complete. It will helps you in knowing about any dispute related to boundaries and other issues.
A buyer required Document the Title Deed, Receipt from payment of stamp duty charges, House Plan Approval documents are required from the seller's end is 7/12 Document, An Encumbrance Certificate from the Sub-registrar's office for the last 30 years, Release Certificate from the bank of loan verification, Original property tax receipt and other bills relating to the plot.