What are the precautions to be taken before buying a notary plot..?
Ramu
(Querist) 06 July 2016
This query is : Resolved
Dear Sirs/Madam,
I am planning to buy a plot in Hyderabad. I have shortlisted a property to buy, but it is just a notary plot wherein a house is constructed with a proper H.No., metered electricity connection, municipal water connection and paying property tax regularly. Seller is also promising me to register this plot on my name. In this situation,
1. Should I go ahead to buy this plot?
2. What are the precautions to be taken before purchasing it?
3.What type of documents should be prepared to bring legality?
4.What are the other procedures to be followed to become a legal owner of this property?
A ton of thanks if you clarify it...! Regards
Ramu
Kumar Doab
(Expert) 06 July 2016
'Buyer Beware'.
Show all docs to a very able counsel specializing in such/property/revenue/civil matters and obtain proper legal opinion on title,encumbrance, link documents etc
Devajyoti Barman
(Expert) 06 July 2016
The checklist to buy a proeprty is long and varies with nature of proeprty.
It is mandatory to get all the relevant papers checked by a lawyer beofre buying a property.
Do not depend in online advice for this.
adv.bharat @ PUNE
(Expert) 06 July 2016
DOCUMENT REAUIRED FOR PURCHASING IMMOVABLE PROPERTY:-
1)Title search report for past 30 years from property lawyer.
On google search Type property registration in pune u will get my details
2)Town plan sanctioned lay out of site showing carpet area measurement given for you flat
3)NA order issued for construction of work
4) work commencement certificate
5) Work completion certificate
6)Occupancy certificate from the authority
7)Structural stability certificate from the licensed structural engineer of the muncipal corporation or local authority
8)NOC if society is formed
9) Builders contribution document like MOU, Sale deed of land from original owner, Partnership deed, Proprietorship or artical of association or any other document as required.
R.K Nanda
(Expert) 06 July 2016
Nothing to add.
Ramu
(Querist) 06 July 2016
Thank you all for valuable suggestions. The owner of this property has only a notary document along with notaries of previous sellers. But he is giving assurance for registration. Records of SRO is showing it as Govt. land.But people are living here since last 2o years with a valid House number from local municipal corporation, metered electricity connection, municipal water connection and paying property tax regularly. How to proceed now..?
With the best Regards,
Ramu.
Guest
(Expert) 06 July 2016
Mr Ramu,
What you said, all these sorts of plea are not proof of valid ownership. Notorised deed has no relevance, if not registered.
However, if on that basis you want to take the risk, nobody can prohibit you, but your question to the experts was irrelevant in that case. The experts have given you their opinion on legal angle, not on precedents, which cannot be valid in the eyes of the law.
Kumar Doab
(Expert) 06 July 2016
NO change in previous reply.
'Buyer Beware'.
Show all docs to a very able counsel specializing in such/property/revenue/civil matters and obtain proper legal opinion on title,encumbrance, link documents etc
Your counsel may opine to avoid it .......
Or render considered opinion after examination of all docs and inputs from you.
Kumar Doab
(Expert) 06 July 2016
Query is also posted at:
http://www.lawyersclubindia.com/forum/What-are-the-precautions-to-be-taken-to-buy-a-notary-plot--139392.asp
Kumar Doab
(Expert) 06 July 2016
It is almost certain that you will get same reply from a counsel worth his/her salt that you have already received.
