Monday, 29 August 2016
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/