Re: purchase of flat
AMAN
(Querist) 01 February 2012
This query is : Resolved
Hi,
I would like to know the full procedure of purchasing the flat/house in Delhi.
Thks,
A V Vishal
(Expert) 01 February 2012
There are certain documents which need to be taken care while purchasing the property.
Title Deeds
First and foremost, check the title deed of the property which is being purchased. Confirm whether the property is in the name of the seller and the rights to sell the property lies with only him and no other person is involved in it. Don’t satisfy yourself with the copy of the title deed. Insist on seeing the original deed. Sometimes the seller may have taken a loan by pledging the original deed. It also needs checking whether the seller has permitted any access to others through this land and whether any other fact has been left undisclosed by the owner of the land.It is better to get the original deed examined by a lawyer. Along with the title deed, the buyer can also demand to see the previous deeds of the land available with the seller.
Tax receipt and bills
Property taxes which are paid to government or municipality are a first charge on the property. Hence, enquiries must be made in government and municipal offices to ascertain whether all taxes have been paid up to date. The owner should also possess the latest tax paid receipts, which you may inspect. While investigating in different departments of the municipality, you need to ascertain whether any notices or requisitions relating to the property have been issued and are outstanding and not yet complied.While inspecting the property tax receipt, it can be noted that there are two columns in the tax receipt. Make sure that the name entered in the owner's column is correct. The second column will be for the name of the one who paid the tax. Sometime the owner may not have the tax receipt with him, in such cases, contact the village office with the survey number of land and confirm the original owner of the land. If you are buying a house along with the property, then the house tax receipt should also be checked. Also make sure water bills and electricity is been paid up to date and if there any is balance payment to be made, ensure that it is made by the seller.
Encumbrance Certificate
Before purchasing the land or house, it is important to confirm that the land does not have any legal dues. Check the Encumbrance Certificate issued by the sub register office where the deed has been registered, stating that the said land does not have any legal dues and complaints.
Pledged land
Some people may have taken loan from the bank by pledging their land. Ensure that the seller has paid back the entire amount due. Don't be satisfied with the receipt of the payment made. Release certificate issued by the bank is necessary for all the debts over the land. You could buy a land without the release certificate. But if you want to take a loan in future, the release certificate is a must.
Measuring the land
It is wise to measure the land before registering property in your name. Confirm if the measurements of the land are accurate. You can do this with the help of a recognized surveyor to avoid problems in the future. You could also take the Survey Sketch of the land from the Survey Department and compare for accuracy.
Apart from the above it is advisable to engage a local lawyer and get a legal opinion about the intended property before proceeding further.
Raj Kumar Makkad
(Expert) 01 February 2012
You may also get search report from a lawyer which shall contain all points as discussed above as well as of pending litigation, interest of minor, any proposed acquisition and so on.
Devajyoti Barman
(Expert) 02 February 2012
yes apart from adopting the methods as stated above, do make search in local Registration Office and in Courts of law.
