Encumbrance Certificate is vital when you are planning to buy a property because this certificate contains all the transactions registered relating to an exacting property for a period of time. Before buying any land or property make sure that the land does not have any legal dues.
An encumbrance certificate is proof that the property in inquiry is free from any financial and legal liabilities. It is confirmation that the property can be sold as a free title and the ownership will come to you without any associated gear .Encumbrance certificate is a document that you will be able to get from the registration authority’s office. It is buyer guarantee that the property they are about to invest in is clear of any legal dues and has a marketable title.
An encumbrance certificate is a certificate that is issued by the office of the Sub Registrar of the revenue Depts. Confirm thereby whether the properties in respect of which they said certificate has been claim has not been encumbered or has been encumbered during the time period for which the same is issued.
Encumbrance certificate means whether the properties have any lien on them, whether attached by the court, whether have ownership or sold etc. By the owner of the said properties.
If the properties are not encumbered then it means that the owner has a clear profitable title of the same. The EC is a takeout issued by the sub-registrar’s office that point out the details of the different transactions taken place in a particular survey number/plot/land/property number for a specified period of time. It provides evidence that the property in question is free from any financial and legal charge. Normally the applicant will have to clearly mention the search period for which the encumbrance certificate is required for.
Encumbrance certificate is simply a reference to any due in the form of finance or a loan against the property that has not been cleared. The encumbrance certificate is provided from the sub-registrar’s office where the particular property is registered.
Get Encumbrance Certificate online for properties in Hyderabad, Telangana
All the details of any transaction on the property will be listed in it. It is important for buyer to get this certificate if they plan to buy the property, take out a home loan for it or take a loan against it. In all cases, governmental authorities will maintain on a 12-30 years encumbrance certificate.
