Documents need to be verified before purchasing plot or flat

Knowledge Zone Logo

Nowadays when there is scarcity of land and the prices of lands are reaching to sky high limit, everybody still dreams to own a piece of land/plot and build their beautiful home of dreams. Those who cannot afford to buy plot, they go for purchasing apartment/flat. Also some people purchase these assets as an investment.

Before buying, we make almost every enquiry of the asset. But still sometimes we get trapped into the fraud and end up losing almost the whole money. Therefore before taking a final call on the purchase of plot or flat, the necessary documentary proofs of the legality of the asset should invariably be checked without fail.

Though there are many documents that you will need to ensure that your developer has cleared in his files or not but out of these, RTC Extracts is the most critical document which ensures the Title and proof of rights. The following is the list of documents which you should verify before purchasing the plot of flat.

  1. Sale Deed, Title Deed, Mother Deed, Conveyance Deed
  2. RTC (Records of Rights, Tenancy and Crops) Extracts
  3. Katha Certificates and Extracts
  4. Mutation Registration Extracts
  5. Joint Development Agreement
  6. Power of Attorney
  7. NOC from Electricity Dept. / Pollution Dept. / Water Works / Port Authority etc.
  8. Sanctioned building plan
  9. Sale & Construction agreement between Developer/Builder & 1st owner
  10. Copy of Possession letter from Builder / Developer
  11. Any Loans on Property verification
  12. Sale Agreement with the Seller
  13. All Paid Tax receipts
  14. EC up to date for last 13 years
  15. Demand letter from Vendor before disbursement
  16. NOC from Society / Building
  17. No Due Certificate
  18. Approved Plan
  19. Approved layout plan
  20. Auction Sale confirmation letter from local authority
  21. Release Deed if any
  22. Completion Certificate
  23. Occupancy Certificate
  24. Deed of Declaration
  25. Latest Electricity Bill

From the above list, some documents may or may not be applicable to you. Therefore, please take legal advice before you step forward to crack the deal.

Also read 11 Things you should check before taking possession of flat.

If you liked this article then please like us on Facebook or follow us Twitter or Google+.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


*