7 Steps to Check if a Property is Legal in India
Budgeting December 4, 2024
Siddhi Sharma
Money Coach, Lxme } NISM Certified
How do you make sure you are buying a legally verified property? For women, single or married, or part of a family, this step is not only a financial investment but also a commitment to building a home. Buying a property is a big decision, and you want to protect your hard-earned money. The last thing you want is to get involved in a legal dispute over the property.
For many women, buying property can be a bit overwhelming as we navigate social expectations, managing finances, or dealing with gender biases. Legal verification of property, even though it seems complicated at first, is straightforward. By following a few simple steps and using property verification online, you can reduce the chances of buying an illegal property.
In this blog, we’ll go over the various ways how to check if a property is legally verified. From understanding the important documents to verifying ownership, each step will help you to make a smarter choice. With the right knowledge and preparation, you will be able to buy a property with confidence, knowing that you have taken the right precautions to secure your investment.
Is Your Property Legal? Check your Title!
This is important for property verification. When a property is sold, the title/deed is given to the new owner. This document is proof of who owns the property, that the seller has the right to sell the property, and that the title is free and clear from any claims or liabilities. Having clear title papers is important for women to build long-term safety nets, especially if the property is going to be passed down to future generations.
Crosscheck The Encumbrance Certificate (a legal document that confirms a property’s ownership status and the absence of any legal or financial claims):
Go to the local sub-registrar’s office to get this document as it shows that the title is free of legal and financial issues. This could include mortgages, unpaid taxes, or any claims from other people.
Inspecting Your Property Plans:
Make sure that the property is not built on land that has been illegally taken and that the building plan has been approved by the right authorities. Additionally, visit the land to make sure it matches the information provided in the property documents. Any differences between the two could be a red flag. You can also conduct property verification online through your state’s Real Estate Regulatory Authority (RERA) website to double-check registered properties and developers.
Tax Proof: Let’s Check The Slips!
Property verification requires that the current owner has paid all property taxes up to the date of the transaction. Check that the tax slip shows there are no unpaid taxes and that the local government recognizes the property.
No Objection Certificate (NOC): Your Green Light for Property Transfer
An NOC is a document obtained from the government authority, local municipality, or relevant organization. It shows you that there are no issues with transferring the property.
Why Bank Slips Matter:
One of the best ways to do property verification is to ask for bank approvals because banks conduct a thorough check before approving home loans for a property.
Lawyer Up!
Get help from a good property lawyer to review all your documents. This extra check is comforting for women as they can assist you with legal verification of property by spotting potential risks and guiding you through the legal process of the transaction.
Other key documents to keep in mind:
The Completion Certificate shows if a building was built correctly. The Khata Extract gives details about who owns the property and taxes. The Occupancy Certificate will confirm that the building is safe for you to live in. The Possession Certificate proves that you as the buyer have taken ownership.
Lastly, don’t hesitate to reach out to other women who have gone through the legal process of buying a property. Legal verification of property is an important process for buying a property. After following the steps outlined in this blog, you can reduce the risks associated with your property by understanding the importance of title papers, encumbrance certificates, property tax slips, and other key documents including resources for property verification online.
Following these steps will not only ensure that your journey to buying a property is smooth, but will also protect your investment. With the correct knowledge and preparation, you can buy your property with confidence knowing that you have done your due diligence to secure your investment for the future. Happy house hunting!
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FAQs
What are the essential documents needed to verify a property’s legal status?
To check if a property is legally safe, you need some important documents. First, the title deed shows who owns the property. The encumbrance certificate shows if there are any liabilities on it. Property tax slips confirm that taxes are paid. An approved building plan ensures the construction is legal. Lastly, a no objection certificate (NOC) says that there are no problems with the property transfer.
How long does a complete legal verification process typically take?
The time it takes to complete legal verification can vary. Generally, it takes about 1 to 4 weeks. This allows enough time to carefully check all the documents and talk to legal experts. If any documents are missing or need extra approvals, it could take longer. It’s important to be patient and plan ahead so you’re not rushed during the process.
What are the most common legal issues found during property verification?
When checking a property’s legal status, several common problems might come up. These include unclear ownership, meaning it’s not clear who can sell the property. There may be unpaid taxes that the buyer would have to pay. Sometimes, there are loans or liens on the property. Additionally, there could be illegal building work that doesn’t follow local rules. Finding these issues early can save a lot of trouble later. Hiring a lawyer would be helpful in finding these legal issues.
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