Checklist of Property Documents
1. Sale Deed/Title deed /Mother deed/Conveyance Deed
A purchase agreement functions as the seller’s primary legal property paper to prove the selling and pass of estate ownership to the customer. It also functions as the principal estate paper for the buyer’s further purchase as it creates its ownership evidence on the estate.
Usually the purchase deed is performed after the purchase contract has been completed. Sale deed confirms compliance with the terms and conditions specified in the offer contract as decided between the customer and the vendor. Registering the Sale Deed in the department of the Sub-Registrar in whose jurisdiction ownership is situated is compulsory. Registering the selling agreement within 4 months from the deadline of execution is compulsory otherwise, you will have to settle the punishment or it will be void.
2. RTC Extracts
The Village Accountant issues R.T.C. It contains details of the extent of the land in a survey number or a sub-survey number, the extent of the kharab land in it, the names of the present and former owners, their respective holdings and the tenants ‘ names. It also includes information such as the type of soil / crop, any mortgages, fees on the assets found therein, land classification (whether inam land or not), purchase request amount, deadline in event any assets transformed therein from agricultural to non-agricultural use, links to mutation and inheritance records, etc.
Why it is required: To establish the Title of Land, if the property is located on converted land e.g. converted from agricultural to non-agricultural use
Mandatory: No
Required in Original: No
Required For: Property Purchase
3. Katha Certificate and Extracts
Khata implies an office and Khata is a city-owned person’s account. Two kinds of Khata are available: Khata Certificate and Khata Extract. It is renowned by various titles in distinct countries. It is basically a register of the local municipal committee and shows partially that the apartment is being built according to the authorized scheme.
For two purposes, the Khata license is needed: to register afresh estate and to pass any estate. Khata can be received from the agent (of the corresponding region) of the Assistant Revenue. This license is required for any proprietor of the estate.
After collecting the tax, Khata Certificate will be acquired for any fresh registering. Khata license is awarded saying that in the title of individual X there is a specific No’ N’ estate. To qualify for water attachment, electricity connection, commercial license, and construction permit, this certificate is needed. The Khata license is only provided to the property owner or representatives of his relatives. On his behalf, no one else can bring it. Khata Extract looks for information from the evaluation log. To obtain a trade permit or purchase a specific asset, the extract is needed. It is an excerpt of any specific estate from the evaluation log. It has the information of the estate in a specific structure with the title, magnitude of the estate, use of the estate (business occasion, housing), weekly valuation, if last evaluated. An excerpt is the only route to get any property information.
Why it is required: For transfer of property
Mandatory: Yes
Required in Original: Yes
Required For: Property Purchase + Home Loan
4. Mutation Register Extracts
Mutation Extract issued by the Village Accountant or Tahsildar contains an extract from the mutation register or inheritance certificate with details of the previous owner, the present owner, the method of acquisition of the property, the total extent of the property and the order stating that the Khatha of the property may be transferred to the name of the present owner.
Why it is required: To establish the Title of Land if the property is located on converted land e.g. converted from agricultural to non-agricultural use
Mandatory: No
Required in Original: No
Required For: Property Purchase
5. Joint Development Agreement
You may join a JDA by an external landowner and a contractor. A JDA’s main characteristic is that the landowner contributes property and the contractor carries out construction exercise on it. The joint development proportion is chosen between the sides, depending on the property cost. The builder will agree to allocate X no of flats to the landowner in most cases and there is no exchange of money between landowner and builder. In view of this, the landowner will act in favor of the contractor or his nominee with his portion of the property. He also allows the contractor to build a flat on his property and distribute the number of apartments decided upon.
Why it is required: To establish whether the original title of the property rests with the Builder or with Landowner
Mandatory: Yes
Required in Original: No
Required For: Property Purchase
6. General Power of Attorney
A “power of lawyer” is a legal instrument by which one individual authorizes another individual to behave as his legal agent on his or her basis and to create legally binding legal and monetary choices on his or her basis, including the sale or purchase of property on account of the buyer or seller.
Why it is required: To establish whether the previous Sale or Purchase was carried out by an authorized person on Seller or Buyers behalf
Mandatory: Yes (If any of the previous Sale/Purchase were executed through GPA)
Required in Original: Yes
Required For: Property Purchase + Home Loan
7. Building plan sanctioned by the Statutory Authority
The authorization method for the building scheme refers to the problem of constructing permission depending on particular laws and laws.
Why it is required: To establish whether the property is authorized or unauthorized
Mandatory: Yes
Required in Original: No
Required For: Property Purchase