There are essential legal documents needed to sell property in India, as well as buying property in India. Let’s break it down
Documents for Purchasing Property
Sale Agreement: Details the terms, property description, and agreed price between the buyer and seller.
Transfer of Ownership Documents: Registers the change of property ownership with the local authority, confirming the sale.
Property Title Review: Essential for home loan applications, providing a history of ownership and property details.
Local Authority Registration Certificate: Proof of the property’s record in municipal documents.
Property Tax Payment Evidence: Confirms that all due taxes by the previous owner have been settled.
Loan Clearance Certificate: Verifies no pending loans on the property, crucial for financing applications.
Habitation Certificate: Issued post-construction, certifying the building’s compliance with plans and readiness for occupancy.
Bank Loan Statement (if applicable): Shows any outstanding loans, ensuring transparency in financial obligations.
No-Objection Certificates: Required from various departments, confirming no legal impediments to construction.
Approved Construction Plan: Guarantees adherence to sanctioned construction plans by the developer.
Authorized Representative Document: Confirms the legal authority of any representative acting on the owner’s behalf.
Documents Required for Selling Property
Sale Deed: The primary document for transferring property ownership to the buyer.
Mutation Record: Important for updating government records with the new owner’s details.
Power of Attorney: Necessary for sellers not physically present, allowing representatives to act on their behalf.
Building Plan and Occupation Certificate: Confirms the legality of the construction and its compliance with approved plans.
I hope this helps!
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What are the documents needed while doing a purchase/sale of property, in India?
donaldjones
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2020-08-28T21:12:38+00:00 2020-12-15T13:47:07+00:00Comment
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