6 Documents Every Flat Buyer Must Check When Buying a Flat |
Posted: April 4, 2019 |
After narrowing down your dream properties, it is now time for you to analyse whether the investment is worth it or not. One of the basic things to check is the status and compliance. At a time when people of Kolkata are going gaga over luxury flats near Narendrapur, Kolkata, you should examine the following 6 documents before making the final call: Title Deed It is one of the primary documents that you need to check. Title Deeds are basically a set of documents that provide the blueprint of the ownership of a particular property. Primarily based on the Title Deed, the present owner can claim complete ownership of a particular property. So, you need to check that the seller has the right interest and title over the discussed property. If it is not in the name of the seller than you should entertain the deal as it may lead to future disputes. Building Plan The next big thing to check out for is the sanctioned building plan. Entirely based on the stipulations by the local authorities, the builders need to submit a document. This document needs to get approval from the local body. This is called the sanctioned building plan. This gives an outline of the legal aspects of the building concerned. The primary requirement of any construction project is to secure ‘sanctioned building plan’. If there is no building plan than you are risking your investment by buying an illegal property. Occupancy Certificate After obtaining a Sanctioned Building Plan, the project construction begins. After the building is almost completed and is ready to welcome residents, the local bodies again intervene. They issue a certificate called ‘Occupancy Certificate’ deeming it fit for occupying. This certificate proves that the construction of the building was carried out in total compliance with the regular norms and it is fit for residential purpose. Tax Paid Receipts This is one of the most important documents to look out for when looking for a new flat or a building. A buyer should ask the builder for tax receipts. Tax receipts are an acknowledgement of the tax paid to the Government based on the land on which the building is constructed. For instance, you become the owner of a particular building for which the builder didn’t pay taxes then you are entitled to pay the taxes along with added penalties, as imposed by the law. Encumbrance Certificate It is a document from the Sub-Registrar that showcases the encumbrances related to the property such as lien, mortgage, charge, etc. After careful inspection the Sub-Registrar issues a clean chit to the property by issuing such a certificate. Mutation Document It is a document that is essential for legal identification. This document contains various details relevant to the property like building size, location, the name of the owner, etc. This information is essential when it comes to filing property tax. The Right Destination waits If you are in Kolkata and looking to invest in a flat with an excellent location, then get your own paper-ready flat near Narendrapur, Kolkata at a jaw-dropping price. These flats are developed by some of the most renowned developers in the city and so there are no hassles when it comes to documenting verification. Added to that, these new-age flats are staffed with modern amenities like swimming pool, gym, coffee parlour, sports grounds, spa centre, club, ATM, 24-hour security, and much more. Furthermore, these flats are located in the lap of nature and are backed by the surreal natural ambience that facilitates healthy living.
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