1.Invest your hard earned money in projects
promoted by renowned developers having proven track record. Do not go by glossy
brochures or attractive advertisements. Do not believe the words, ‘Financial
Institutions approved Projects’.
2. Check up the documents with a learned Advocate. Ensure that the documents of title of the property you intend to
purchase are clear. Defective title will
create problems at any point of time.
3. Always go for a property, which has a
resale value.
4. Ensure that the building has been
constructed as per the sanctioned plan and any deviation is within the allowed
percentage and it is not in a low-lying area or in a filled up water body.
5. You may always rope in the services of a
reputed real estate agent and fix his commission well in advance.
6. Purchase the property in a developing area.
The value of land will appreciate.
7. If you prefer a ready-to-occupy Flat,
locate it off the main road on a wide street with adequate water supply away
from slums, cinema hall, marriage hall, open drain, factories, place of worship
but not very far from school, college, commercial complex, temple and hospital.
8. If you buy the Flat/Building underconstruction, visit the work site regularly and see the work progress.
9. You may not be a Vaastu believer, but
purchase House or Flat or land that is Vaastu-friendly from resale point of
view.
10. If
any body offers flats/sites for a cheaper rate than the prevailing market rate,
there may be certain hidden problems. So you should be extra-ordinarily careful
on finalisation of such a property.
11. Ensure
that the developer has Clearance Certificates from government departments,
viz., Electricity Board, Water and Sewage Board, etc..
12. Commencement
Certificate and Occupancy Certificate are other very important documents that
are necessary while buying the flats.
13. Check
up the genuineness of the documents with the concerned authorities in person.
14. Ensure
Agreement for Sale and Sale Deed, duly stamped, executed and registered are in
your possession. Both should contain fair clauses for both the parties.
15. Incase of flat purchase, specification of the building, including material used,
difference between the carpet area and the super built-up area are the
important factors to decide the rate.
Other facilities like Club House, Swimming Pool etc., also will have to
be considered.
16. Check
whether there is adequate water supply and sanitary line facility.
17. In
case of GPA transaction ensure the validity of GPA
Documents
Required:
The
Documents required for scrutiny of the Title will vary in each case. In general
the following documents are required to verify the title deeds of the property.
However, based on these documents, further documents will also be required to
come to conclusion.
Documents required for purchase of BDA property
(formerly CITB):
1. Allotment Letter.
3. Lease-cum-Sale Agreement.
4. Possession Certificate.
5. Absolute Sale Deed
6. Khatha certificate from the BDA
7.Tax paid receipts from the Bangalore
Development Authority.
8.Khatha Certificate from the Bangalore
Mahanagara Palike(if it comes under Corporation Revenue Jurisdiction.
10.Encumbrance Certificate from the date of allotment
to the date of possession.
11.Re-allotment Letter / re-conveyance Deed if
property re-conveyed by the BDA.
12.Documents to prove why BDA re-conveyed the
property.
Documents
required for purchase of Converted Revenue Lands:
1.Conversion Order issued by the Dy.
Commissioner.
2.Conversion amount paid Receipt.
3.RTCs for 30 years issued by the Village
Accountant
4.Tax Paid Receipts issued by the Village
Accountant
5.Documents of ownership
7.Agarband/Tippani/Podi Extracts
8.Surveys/Boundary Map
9.Village Map
10.Nil Tenancy Certificate
11.Confirmation
from the competent authority that there is no acquisition proceedings.
12.Layout
Plan Approval by the competent authority.
13.Khatha
Certificate issued by the Revenue authority.
14.Latest
Tax Paid Receipts
16.Validity
of the Power of Attorney
17.Zonal
Regulation Map.
Documents required for purchase of
Agricultural Land
1.Origin of the Property
2.Flow of Title
3.Mother / Parental Deeds
4.Index of Land and Records of Rights
5.Grant Certificat e if any / Saaguvali chit
6.RTC/Phani extracts for the last 30 years
7.Relevant Mutations / Extract
8.Endorsement from competent Authority
confirming that there is no acquisition proceedings.
9.Village Map
10.Survey
map
11.Agarband,
Tippani, Poddi Extracts
12.Relevant
Sale Deeds.
13.C.D.P.
Plan pertaining to the area.
14.79
(A) & (B) Certificate under Land
Reforms Act.
15.Land
Tribunal Order, if any.
16.Certificate
for change of survey number, if any
17.Nil
Tenancy Certificate
18.Latest
Tax Paid receipts.
19.Encumbrance
Certificate for last 30 years.
20.Family
Tree of the Vendor
21.Endorsement from Tahsildar that the land does not fall under “Grant” or “Inam” category.
22.Phani
of the Purchaser
For more details,
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