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NRIs have to consider encumbrance certificate as a vital document for NRI property investment. Renderers of services to NRIs, like S2NRI, help them in getting it without any hassles within 10 to 30 days. It requires details of property, its address proof and survey number etc. to submit it to the registrar. <br>
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Encumbrance Certificate It is a legal document of property which authenticates that there are no dues or mortgages against the property. And it is in the name of the seller.
Who issues encumbrance certificate? • The Office of the sub-registrar of the property • Registrar of the office puts stamp
How many days it takes for issuing and which forms are filled? • It takes 10 to 30 days which lasts from 13 to 30 days • Form number 15 or Form number 16 is to be filled.
What are the essential for getting Encumbrance Certificate? • Attested copy of the address proof • All the title details • Ownership details • Survey number • Mention of period • Detailed description of the property • Applicable fee
Which documents are not needed? • Equitable Mortgage papers • Testamentary documents • Leases • Unregistered Will • Oral tenancy • Tax liabilities • Prior unregistered documents
What’s the procedure of getting ‘No Encumbrance Certificate’? • Fill form number 22 with affixed non-judicial stamp. • Mention complete address. • Submit Ration Card & address proof. • Provide survey number & place of the location. • Give complete description of the property. • Submit application to the sub-registrar. • Pay fee. • Submit form number 16 or 15 if there is any outstanding mortgage against property.