Wednesday, March 5, 2008

Minimum check list before buying a property

  1. Trace the parent titles of the property and find whether the link of seller and purchaser are in continuity and also verify the schedule of the property mainly Survey Nos.
  2. Please verify that any conditions have been imposed on sale.
  3. If any conditions imposed on sale, please confirm it is cleared.
  4. Please get fresh encumbrance certificate for the property and confirm that no encumbrances are on the property.
  5. If find any encumbrances on the property, Please confirm that it is cleared.
  6. Please verify that patta is available for the above property.
  7. If building is available on the salable property, please verify that proper planning permission and building permission were obtained from the competent authority.
  8. Please verify that Land tax, Quit rent tax and other taxes, like Urban Land Tax, Property tax, Water tax, EB bill etc., etc., are being paid upto date.
  9. If the Vendor/s as per the last sale deed, is/are not alive, please verify the legal heir certificate.
  10. Please confirm from the seller that any agreement and unmarked encumbrances like mortgage, deposit of deeds, lease etc., etc., are not created on the property.
  11. Please confirm that any civil suit or any other suit are pending on the property and also confirm that no other litigation are on the property.
  12. If the property is flat/apartment, please confirm that the construction was made on planning permission given by the competent authority and constructed as per the plan obtained.
  13. Please confirm that the possession of the property is in the hand of the vendor/agreement holder/power of attorney