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Property खरीदने से पहले देख ले ये 12 Documents I Documents required before buying any property - YouTube
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Which 12 documents should be maintained
before purchasing any property?
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If you know these 12 documents, your
hard-earned money will never go to waste.
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What are these documents?
We will see this in the video.
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Let's see what are these documents.
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[Intro Music]
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Hello, I'm Advocate
Naman Mohnot
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and you are watching Legal
Shots. This channel will provide you
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with all small to big information.
Do subscribe to this channel so
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that we can keep providing
you with such informative videos.
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Today we're going to about the 12
documents which we should keep
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in mind before purchasing any property,
because we have often seen that if
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you have not seen the proper documents
or there are any mistakes in the document,
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then we buy the property which is already
sold or someone else has right over it.
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Then this property gets involved in court cases
and then all your earned money goes to waste.
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So, today we're going to
talk about these documents.
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The most important document you
have to look at is the Title document.
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The meaning of this document is, from whom
-soever you are buying this property means
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the seller who is selling you this property,
how that person got this property.
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Generally, the property comes
in 3 ways, one is Sale Deed,
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This means that the person who
sells the property to you from where
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does he gets that property, this will be
in the sale deed so you have to look at
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the original document. If the person selling
you the property has the sale deed.
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so see it once. Secondly, if they don't have
a sale deed then there is a gift deed meaning
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the seller has got it from someone as a
gift so you have to look at the gift deed,
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and see if it is properly
executed and registered.
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Or else if the seller
has bought it from
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any UID or corporate instruments
then there is a Conveyance deed.
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This deed also can be seen for
confirmation. I want to say that,
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the person from you are buying
the document should have the
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source of the document. So check
if that document is valid or not.
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Here, the important thing to note down
is, whenever you buy or sell the property
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then the General power of Attorney
(Aam Mukhtar Nama) is used to
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buy or sell which
is totally illegal.
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In law, it is not permitted.
Usually while saving our stamp duty
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we always sell our property through GPA
(General Power of Attorney) which is not valid.
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This means if you are buying property
from someone who has GPA or has
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bought that property using it from
someone, then don't buy that property
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because the day when there is a dispute
your property will not be considered valid.
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So these are the important
things about the first document.
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The second document is Channel
documents. It means when the property
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is sold from 'X' person to 'Y' and
from 'Y' to 'Z'. So whenever this
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property is sold and a registered
deed is made or any trial is made
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in which everything is checked in it.
The property, the person sold to you,
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from where he got that property,
and the person from he bought it
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from where did he got from all
these things are checked in it.
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That's why you have to look
at every channel document.
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If they got property from a will,
then do that will have their name,
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or after getting the will have
they registered their name on it.
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There are many things that we have
to look at in the channel documents.
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The third most important certificate
is Encumbrance certificate.
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This certificate tells you about
the property which you are buying,
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has any mortgage, meaning if any bank
loan is taken, or any tax is pending or
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has any penalty on it. Generally,
we don't look at this certificate
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and believe in anyone, but I request
that whenever you buy any property,
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first, go to the registrar office
and in Form no. 22, generally
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every state has a form
no.22, but it also can vary,
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in form no.22 fill in all
the details of the property
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There are some fees
charged by the government
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so pay those nominal fees and you will
get every information about the property,
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who has bought it, who seld it,
taxes on them, any pending penalty
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or any type of mortgage
or any loan is taken.
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If there is nothing pending,
then through form 15,
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you will get it
back and if any
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taxes are pending they will give you
information through the forms system.
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But there is one limitation. If the registry
(means who register the land )
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department has no
information available
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then they will not be able to provide the
information. so we can't rely on it fully
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but most of the things, if we try to obtain
information about, we can obtain it
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and will not suffer
from any fraud.
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One more thing, here
Generally, we think that do we
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need a lawyer when we buy any land,
here I will suggest that if you buy
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any big land where you're investing
more money then engage or hire a
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lawyer and say them to make a title
search report. In the title search report,
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the income tax certificate is checked
and they give you information about
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the land you are buying is free
from taxes, penalties, etc.
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Fourth is the occupancy certificate,
it is not important that in every situation
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you will get the
occupancy certificate,
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generally, if anyone buys
land from a developer,
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then they get the occupancy
certificate from a particular UID or the
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local government, that the building you have
built it according to the sanctioned plan.
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Fifth is the possession letter,
If you are buying any flat then
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you need to look if that builder
has the possession letter or not.
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This is given by the government when
all the rules and regulations are followed.
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Sixth is Mortgage, you have
to look at that, the property you
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are buying has not kept any
mortgage in exchange for a loan
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if there is a mortgage
it is not useful at all.
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So you have to check it if it has
mortgage on it or not
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and for this, you can make
a title search report through
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your lawyer or you can apply for an
income tax certificate in the registry.
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Seventh is tax receipt,
Generally, on every land
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the local municipality
takes land taxes,
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you have to check that the previous
owner has fully paid the taxes or not,
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It will save your liabilities and you will
also know that in local department
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who has the right
over this property.
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So, if the previous owner is trying to do
fraud with you so with the help of
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tax receipt you can know right over
this property. Eighth is the utility bill.
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you have to look if the previous
owner has paid all the utility bills.
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Ninth is the Car Allotment letter,
If you are buying any building like
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in metropolitan cities, there is a car
allotment letter for parking the cars.
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So you have to look for a car allotment
letter and if it is not there then in future
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you may come across many problems.
The tenth is for the people who take any
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flat in colony or building, where Residential
welfare association is available,
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so you have to look for NOC, if our
the previous owner has NOC or not,
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because many times we don't pay
maintenance charges in society,
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and if that is not paid then the next the
owner will have to pay that liabilities.
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That's why important to look
whether our previous owner
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has NOC from residential
welfare association or not.
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The eleventh document is
a mutation, (Jama Bandi).
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Although from the mutation
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document, we will not know
who has right over the property
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but it is a shred of additional evidence,
you have to check if where ever
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you are buying the property,
the government documents
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have the previous owner
name registered or not, and
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when you buy that property
register your name in it.
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This is called a mutation.
To describe it, it means that
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in local records your name
should be registered.
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means your name should
be there on your property
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Twelfth and one more important
document isconversion certificate,
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Generally, we say that,
There are two types of land -
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One is Commercial land and
second is Agricultural land,
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You cannot build any building
commercially on Agricultural land,
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but the person selling the property
says that it is commercial land
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then you have to verify if that person has
converted it to commercial from agricultural.
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If without ensuring it, you
bought that property
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then you cannot use it commercially
and if you want to use it you have to
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pay a hefty amount to
the local department.
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so that it is converted to
commercial from agricultural land.
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So it is important to look
at the conversion document.
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So, there are
these 12 documents,
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in which if you pay attention, then
you will not be tricked by anyone
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and if you didn't pay attention
to it, there is a chance
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that you may get involved
in court matters.
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I'm sure that you loved today's video.
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Now you must have become aware,
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that whenever you go
for buying any property,
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you will look for these documents.
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Do subscribe to this channel,
like this video and share it with
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the people who are looking
for any property to buy and
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tell me in the comments if I should
make videos related to property further.
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Till then,
Jai Hind! Jai Bharat!
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