A Checklist Before You Buy Property in India

Buying a new property is exciting but also a very tedious work that needs a lot of caution. The property should be verified in various ways before buying it. You really like the new projects in Ahmedabad and you are planning to buy it. But you are confused how to go about with the procedure? Let us help you out. You should keep some things in your mind before buying the property. Or better yet, make a checklist.

Legal issues

It is very important to check the title deed of the property. It is necessary that the property you are about to buy should be under the name of the seller. In fact you should try and look out for the original papers and not copies. This will also give you an information about the kind of usage permitted on the property, whether it is residential or commercial or both.
 

Land measurement

It is necessary that you measure the property before buying it. There are high chances that the seller has put wrong figures in the documents. So, it is very important to measure the land confirm, before you buy it.

Kind of property

It is advisable to find out if the property is leasehold, freehold or government accommodation. Leasehold property means you can live on the property rightfully for a given amount of time. Freehold property on the other hand means the land on which the property is built is owned by you. In most cases it is better to have a freehold property.

Pledged land 

Many a times, people take loans from banks to buy properties. You must make sure that the seller ahs paid his dues before you buy the property. It is very important for the seller to have the Release issued from the bank.

Check receipt and bills

Our government takes property taxes from us, while buying a new property we must ensure that the seller has paid his taxes and has a receipt of the transaction. We must also check if the other bills like electricity, water and taxes are paid and not left behind for the new owner to pay. If any other notices or applications that concern the property are in question, they must be taken care of at ones. When you buy the property, no bill, nothing should be kept pending by the seller.

Certificate of Encumbrance 

Encumbrance certificate certifies that the property is not mortgaged. This certificate is available at the sub registrar’s office. In case if the land is mortgaged or has any dues pending, they must be paid by the seller before he sells the property.
      
One must be very sure about the property and also the documents before buying the property. This helps to avoid the legal problems, if any. The documents of the land on which the property is located should also be checked before finalizing the deal. It is important to check all the documents, bills, receipts and certificates before you put your money in it. The new projects in Ahmedabad look very promising, now that you have checklist, go grab the new flats in Ahmedabad. You must to have a healthy discussion with the seller about the property. Make him tell you every smallest detail of the property and also the locality. If you are planning to stay in the house, you must know what kind of people and things you will be dealing with. You should know everything about these new flats in Ahmedabad.  It is best to have ones doubts and queries before going on with the transactions.