Checklist of Property Documents

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Checklist of Property Documents
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Checklist of Property Documents
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Checklist of Property documents is very crucial
step of property purchase process. Property
transaction in India is document intensive
exercise because of complex legal, statutory and
regulatory framework.
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Based on queries received from my clients, i can
conclude that approx 80 buyers dont get
complete property documents at the time of
purchase. These buyers struggle at the time of
sale of property. Another problem linked to
property documents is that buyer or a seller is
not aware why specific property document is
required.
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To help readers of my blog, i have created a
comprehensive checklist of property documents. I
will keep updating this property documents list
as and when required. Also i would like to add
that some states in India require additional
property documents which vary from case to case
basis.
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1. Sale Deed/Title deed /Mother deed/Conveyance
Deed
Description of Property Document A sale deed
acts as the main legal property document for
evidencing sale and transfer of ownership of
property in favor of the buyer, from the seller.
Further, it also acts as the main property
document for further sale by the buyer as it
establishes his proof of ownership on the
property.
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2. RTC Extracts
Description of Property Document R.T.C is issued
by the Village Accountant. It contains details of
the extent of land in a survey number or a
sub-survey number, the extent of kharab land
therein, the names of the present and previous
owners, their respective holdings and names of
the tenants. It also include details like the
kind of soil/crop, any mortgages, charges made on
the properties.
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3. Katha Certificate and Extracts
Description of Property Document Khata means an
account and Khata is an account of a person who
has property in the city. There are two types of
Khata Khata Certificate and Khata Extract. In
different states it is known by different names.
It is basically an entry in record of local
municipal committee and indirectly confirms that
apartment is constructed as per approved plan.
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For more details about Checklist of Property
Documents Visit below link
https//www.hdfc.com/blog/critical-aspects-check-b
uying-property-builderdeveloper/
http//www.nitinbhatia.in/real-estate/property-doc
ument/
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