Buying property in India involves several legal considerations to ensure a smooth and secure transaction. First, it is crucial to verify the
title of the property
to ensure that the seller has clear and marketable ownership. This involves checking the chain of ownership, encumbrance certificate, and any outstanding loans or disputes. Second, the buyer must ensure that the property has the necessary
approvals from local authorities
, including building permits, land use permissions, and compliance with zoning laws. Additionally, properties purchased from builders must have
RERA (Real Estate Regulatory Authority) registration
, ensuring transparency and accountability. It is also essential to examine the
sale agreement
for clauses related to possession timelines, penalties, and other contractual obligations. Other key considerations include checking for
stamp duty and registration fees
, verifying that property taxes are up to date, and understanding any applicable
inheritance or tenancy laws
. Consulting a legal expert to perform due diligence can prevent future legal complications.
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What are legal issues while buying property?
varunk
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5 Year
2020-08-27T14:55:33+00:00 2020-11-11T17:25:04+00:00Comment
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