Property Buying Guide: Verify These 10 Legal Documents Before Purchasing Any Property, Otherwise…

Owning a house or investing in property is a dream for many individuals. However, lack of knowledge about the property purchase process often leaves buyers vulnerable to fraudsters, resulting in the loss of their hard-earned money.

To avoid such unfortunate circumstances, it is crucial to familiarize yourself with the essential documents that validate the authenticity of the property you intend to purchase (Property Buying Guide). These ten documents provide valuable insights into the condition of the house, shop, land, or any other type of property. By diligently examining these legal documents (Legal Documents for Property) prior to making a purchase, buyers can protect themselves from deceitful practices and forgery.

In each state, there exists a property regulator known as RERA, which oversees the buying and selling of houses, flats, and plots. This regulatory body safeguards the interests of buyers and shields them from fraud and potential losses. It also monitors builders and real estate companies, ensuring their compliance with the established regulations. Unfortunately, despite the presence of these protective measures, some builders and property sellers still prey upon unsuspecting customers who may not be well-informed about these rules.

Things to Consider Before Purchasing a Property

If you are planning to buy any type of property, there are a few important steps you should take to ensure a safe and secure purchase.

First and foremost, it is crucial to verify the RERA (Real Estate Regulatory Authority) registration and thoroughly examine all the related documents of the property. By doing so, you can protect yourself from falling victim to fraudulent practices.

Make sure to carefully scrutinize the original documents of the property or house you intend to buy. These documents serve as proof of the property’s authenticity, assuring you that your hard-earned money is being invested in the right place. See the list below:

1. sale deed
2. title deeds
3. approved building plan
4. Completion Certificate (for newly constructed property)
5. Commencement Certificate (for under construction property)
6. Conversion Certificate (if agriculture land is converted to non-agriculture)
7. Account Certificate (Exclusively in Bengaluru)
8. Encumbrance Certificate
9. latest tax receipts
10. Occupancy Certificate