What are the Documents Required for Property Registration?

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What are the Documents Required for Property
Registration? February 21,2018 fc Real Estate
Allotment letter, Completion certificate,
Documents Required for Property Registration,
Encumbrance certificate, General power of
attorney, Occupancy certificate, Property tax
receipts, property website bolgs, Real estate
blog, real estate documents required, Sale
agreement Srishti Chandola
Are you planning to purchase a property? Well,
you need to be ready for some major paperwork as
the process that involves giving to the
authorities and bank in the case you are taking a
home loan and acquiring various documents
ensuring the ownership over the property. Here is
the list of documents that one needs for
purchasing a property-Sale Deed This is the prime
piece of paper that is required for the purchase
of the property. The sale deed needs to be
produced in original as it builds the ownership
title of the property. One needs to register for
the sale deed in sub-registrar's office of the
region where the property is actually
located. Extracts Khata certificate or the
extracts is known by varied names in different
states and is an integral document for the
registration of the new property. Also, it is
required if you want to transfer ownership of the
property at later stages. The document is a proof
that property has an entry in local municipal
records, as well as the construction, has been
done as per the approved plan. The banks ask for
the paper before granting the home loan. Mutation
register extract This explicit document is for
the Gram Panchayat properties and gives in the
details of previous ownership. Though not needed
in original, this is compulsory to produce if the
property that you are buying is in the
jurisdiction of the Gram Panchayat.
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General power of attorney
This specific document is required to prove
whether the purchase or sale of the specific
property is being done by an authorized person on
the behalf of the property owner. This has to be
produced in original for getting the home
loan. Copy of building plan The buyer must
acquire a copy of the building plan that is
approved by a statutory body to build that
property construction is legal and is done as per
the set rules and regulations. No objection
certificates There are over 19 non-objection
certificates that have to be acquired by
developers from varied authorities while building
a residential project. The number, however, may
vary as per specific state rules. Ask the
developers to give the copies of these
non-objection certificates and keep it in the
personal record. Allotment letter The allotment
letter is the most integral documents required
for getting a home loan. It is issued by the
developers and the residential authority, stating
that the description of the property and the
details of the paid amount by buyers to the
developer. Keep in mind that the allotment letter
is not similar to the agreement sale. The
allotment letter is issued on the letterhead of
the authorities while the sale agreement is
documented on the stamp paper. Furthermore, the
allotment letter is issued to the prime owner and
the other owners can actually ask for a copy of
an original letter from the seller. Sale
agreement The document lists all kinds of
information as per the property, its terms, and
conditions, the payment plan, the possession
date, the details about common areas, the
specifications, and the facilities, etc. Also,
the agreement holds developer that is responsible
for property construction. This document has been
produced in original for buying the property and
acquiring a home loan. Possession letter This
document is given to the buyers by the developer
as well as sets the date on which latter would
grant the former possession of the property. The
original copy of the document has been produced
for getting the home loan. Some facts about
possession letter and occupancy
certificate Payment receipts Collect original
payment receipts from developers if you buy a new
property. If you buy a resale property, ask for a
receipt copy from the seller to be produced to
the bank. Property tax receipts The property
owners have to pay the taxes. Make sure that
previous occupier or owner had paid the property
taxes as well as there are no pending dues. Also,
the property tax receipts help in giving the
legal status of the property. Encumbrance
certificate The encumbrance certificate is needed
to prove that property doesnt have any pending
legal dues or the mortgages. This is the key
documents banks ask for they grant the loan. The
certificate has all details related to the
transactions that happened over the period of
time. In the country, form 15 is issued if the
property has encumbrance registered, otherwise,
form 16 is given to the owner stating that there
are no encumbrances.
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Completion certificate
The document is required for getting the home
loan. The paper establishes that the fact that
building is constructed as per the approved
plan. Occupancy certificate The occupancy
certificate is issued by local authorities to the
developer to establish the building which is
finally ready to be occupied as well as the
construction has been done as per the sanctioned
plan.
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