Before You Buy A New Property! - The Vivansaa

1. When we look at a house that is so beautiful in a great locality with the best of amenities and facilities, at the best price, we would instantly dive into making a purchase with the thought of not letting such a good deal slip away from our hands. But, such a hasty decision may sometimes be a wrong one. If you have simply made a choice of buying a property without getting into the details of its legal aspects, you are going to pay for it later. Property documents are a very vital part of any property investment, and you must thus look into their details before finalizing on a deal. Take a look at all the documents you need to check before making a decision. Building approval plan Most importantly, the building plan must be sanctioned and approved by the associated government to ensure that the building is not illegal. The plan should be approved by the jurisdictional Commissioner or an officer authorized by him. These approvals include the zonal classification, road width, floor area ratio, and plot depth. The drawing should also meet the applicable laws. Mother deed This document traces the origin or antecedent ownership of the property right from the beginning. It also helps in establishing the new ownership. In case of the absence of the Mother Deed, certified copies should be taken from the registered authorities. Ensure that if the property has had multiple buyers, the Mother Deed should be continuous and not

2. broken anywhere in the middle. In case of a missing sequence, get the records form the registered offices and revenue records. Sale deed This document proves that the sale is done and the property has been transferred under your name. It is a registered document that states all the terms and conditions as agreed upon between the buyer and seller. Before the sale is done and sale agreement is signed, it is important that you make sure that the property has a clear title and if it is subject to any encumbrance charges. All kinds of property tax, water tax, society charges, maintenance charges, and electricity charges should be settled before executing the sale deed. Encumbrance Certificate (EC) This certificate consists of all the registered transactions done on the property during the period for which it is sought. It brings evidence of purchase/sale, and the presence of any transaction or mortgage. Power of Attorney The Power of Attorney is a very powerful authorization given to another person by the property owner on his or her behalf. One may give a general or special Power of Attorney to transfer one’s rights over the property. Latest tax paid receipts All property tax bills must be cleared, and the receipts should be available for each. These receipts ensure that the taxes are paid up to the date. Only after the taxes are completely paid can the buyer get a Khaata issued under his name. Thus, it is very important for the buyer to ensure that all the dues are cleared by the seller. You must ask for the original receipts and check for the owner name, tax payer name, and date of payment. Also ensure that other bills like electricity bill and water bill are paid up to date. Other than this, for a constructed property, Commencement Certificate, Completion Certificate, and Occupancy Certificate are also important. The Commencement Certificate denotes that the property has had approval to commence the construction after inspection of the site. If not, the construction is considered illegal, which may attract penalties or eviction. The Completion Certificate denotes that the construction is complete and is in compliance of all the government approvals. The Occupancy Certificate denotes that the project is ready for occupancy. Only after you have checked for all of these documents should you take up a decision of making a property purchase. Until then, any decision you make is at risk. But, when you make a purchase from Vivansaa for the villas and flats for sale in Sarjapur Attibele Road Bangalore, you needn’t worry as everything they do is legal and in compliance to the laws. And, along with this, everything is up-to-date with all the luxuries and comforts that you can imagine, all at a very budget-friendly price!

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