Important documents a homebuyer should check before buying a property

Important documents a homebuyer should check before buying a property

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I Land Related Documents

1. Sale deed/Title deed – Title document is the document in the name of the landowner/Builder.  It reflects the extent of property and from whom the property has been purchased.

2. Prior Deeds – In order to verify the clear and marketable title of the landowner/Builder, the parent/prior deeds for the last 15 years (last 30 years in some cases) will have to be verified.

3. Encumbrance Certificate – Encumbrance Certificate is the certificate that shows if there is any charge on the property, which is in the possession of the landowner/Builder.  It is issued by the concerned Sub Registrar’s Office.

4. Possession Certificate – Possession Certificate reflects the ownership and possession of the property and it shows the extent of property and survey/re-survey number.  This certificate is issued by the concerned Village Office.

5. Location Sketch – Location Sketch is also issued by the concerned Village Office and it deals with the location of the property in question.

6.  Land Tax Receipt – Land Tax Receipt reflects the extent of the property, its survey/re-survey number and in whose name the land tax is being paid.  Land tax is usually paid every year.

II Building Related Documents

1.Building Permit – Building Permit is necessary for construction of a high rise building and it is issued by the Panchayat/Municipality/Corporation.  It reflects the number of floors and the area in each floor

2. Approved Floor Plan – This is also issued by the Panchayat/Municipality/ Corporation.  It reflects the plan for each floor.

3. Other Statutory Approach

a)     Clearance from MOEF (Ministry of Environment and Forest) – In case the total area exceeds 20,000 square metres, then clearance from State Environmental Impact Assessment Authority (SEIAA) is required.

b)    Aviation Clearance- For carrying out the construction activities clearance from Aviation Department is required.

c)     CRZ clearance (Coastal Regulatory Zone) – If the concerned property is lying in the Zone marked as Coastal Regulatory Zone (CRZ), then clearance is required for starting the construction activities.

d)    Fire NOC (from the Fire Department) – No Objection Certificate (NOC) from Fire and Rescue Department is also required for initiating the construction activities.

e)   NOC from Pollution Control Board (PCB) – No Objection Certificate (NOC) from Pollution Control Board is required for starting the construction related activities.

III Possession Related Documents

1.Completion/Occupancy Certificate – Once completion drawing is submitted, inspection by municipal authorities will be carried out and once they are satisfied, Completion/Occupancy Certificate will be issued.

2.Possession Certificate –Once the sale deed is registered, the apartment owner can apply for possession certificate with regard to his/her undivided share of land.

3. Building Tax (latest property tax paid receipt) – After change of registry, the apartment owner can pay building tax with regard to his/her apartment in his/her name.

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