Buying
a property is one of the most significant investments a person makes in his lifetime. But, the hasty decision of
investing in a property without vetting all the legal property documents can
prove to be a costly mistake. If you are planning to buy a property in Dholera,
here are some legal and other aspects to keep in mind before buying a property.
1. Sale Deed:
A
Sale Deed acts as proof of sale and transfer of ownership of the property from
the seller to the buyer. Before the execution of the sale deed, sale agreement should
be signed, containing various terms and conditions as agreed upon between the
buyer and the seller. Before execution of the sale deed, the property should
have a clear title and all the statutory payments such as property tax, water
charges, cess, society charges, maintenance charges, electricity charges etc.,
should be settled by the seller before executing the Sale Deed.
2. Mother Deed:
Mother
Deed is a very important document that helps in the further sale of the
property, thereby establishing the new ownership. If the original Mother Deed
is missing, certified copies should be obtained from the registering
authorities. Mother Deed includes the change in ownership of the property, and
the sequence should be updated until the current owner.
3. Building approval plan:
Another
very important legal document to look for is the building approval plan. A
building owner must hire a registered architect who will draw a plan meeting
the applicable bye-laws.
4. Conversion Certificate
(Agricultural to Non-Agricultural land):
With
a vast amount of land being agricultural in nature in Dholera project, a Conversion Certificate is mandatory to be
obtained from the legal body for the property. It is issued to change the use
of the land from agricultural to non-agricultural purpose
5. Khata Certificate
Another
very important step is to obtain khata certificate, which is nothing but obtaining
the property details from the assessment registrar. It is needed while property
buying.
6. Encumbrance Certificate (EC)
An
Encumbrance Certificate consists of all the registered transactions done on the
property during the period for which the EC is sought. A copy of sales deed
must be submitted.
7. Occupancy Certificate (for a
constructed property):
Occupancy
certificate, which certifies that the project is ready for occupancy is
pertinent at the time of buying a property, or seeking a home loan, for the
transfer of Khata.
Before
you think of buying property in Dholera SIR Project, make sure you are familiar with the legal
procedures involved in buying theDholera property. This would help
protect your interests and make your purchase something that you can be proud
of. To find the best property deals that come with an assurance of quality,
visit Infinity Infra-the leading Dholera developers at-
http://www.dholerasmartcity.net/