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Home Buying Tips

Home Buying Tips<br>• VERIFY TITLE DEED<br>• CHECK ENCUMBRANCE CERTIFICATE<br>• APPROVALS BY LOCAL BODY<br>• RELEASE CERTIFICATE<br>• PROPERTY TAX RECEIPTS<br>• VERIFY THE LAND-USE<br>• CHECK THE SITE<br>• TAXATION<br>First thing you need to check is whether the seller has a right over the Property. See the title deed of the land to confirm whether the seller has the full right to sell the land. You can also take the help of a lawyer to get the deed examined. "A mere NOC from the panchayats or other local bodies would not constitute approval by the authority."<br>It is important to verify that the land is free from legal dues. Sumit Jain, co-founder and chief executive officer commonfloor.com says, "For this, check encumbrance certificate for, at least, 30 years. Given at the sub-registrar's office, this states that the said land does not have any legal dues and complaints."<br>Make sure that the entire layout has been approved by the development corporation and local body of the city. Vijayasarathy, says, "The plan of the layout must contain the seal and signature of the authority approving the same. Without this seal and signature, the layout cannot be deemed to be approved."

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Home Buying Tips

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  1. http://www.smarthomesrevanta.com/

  2. http://www.smarthomesrevanta.com/

  3. VERIFY TITLE DEED First thing you need to check is whether the seller has a right over the Property. See the title deed of the land to confirm whether the seller has the full right to sell the land. You can also take the help of a lawyer to get the deed examined. "A mere NOC from the panchayats or other local bodies would not constitute approval by the authority." http://www.smarthomesrevanta.com/

  4. CHECK ENCUMBRANCE CERTIFICATE It is important to verify that the land is free from legal dues. Sumit Jain, co-founder and chief executive officer commonfloor.com says, "For this, check encumbrance certificate for, at least, 30 years. Given at the sub- registrar's office, this states that the said land does not have any legal dues and complaints." http://www.smarthomesrevanta.com/

  5. APPROVALS BY LOCAL BODY Make sure that the entire layout has been approved by the development corporation and local body of the city. Vijayasarathy, says, "The plan of the layout must contain the seal and signature of the authority approving the same. Without this seal and signature, the layout cannot be deemed to be approved." http://www.smarthomesrevanta.com/

  6. RELEASE CERTIFICATE Get a release certificate from the bank if the land has been pledged to get a bank loan. The certificate is to ensure that the loan on the land has been completely repaid. If there are co owners, take a release certificate from each of them. http://www.smarthomesrevanta.com/

  7. PROPERTY TAX RECEIPTS Ask for previous property tax receipts from the seller along with other bills related to the plot. The receipts will ensure there are no pending bills on the property adding later to the total cost. http://www.smarthomesrevanta.com/

  8. VERIFY THE LAND-USE Verify the land-use zone as per the city master plan for the plot. You can get the city master plan from the local body office in your respective city. It helps you to use the plot without any hindrance. http://www.smarthomesrevanta.com/

  9. CHECK THE SITE A thorough site visit should be carried out to make sure you get exactly what is represented in the layout. It is also helpful to interact with the neighbourhood to know about any illegal occupation or other disputes pertaining to the property. http://www.smarthomesrevanta.com/

  10. TAXATION You do not get immediate tax benefits in plots. Remember, for plots the tax deduction on interest is available only from the year the construction is completed. Jain, says, "Interest accrued during the construction period can be claimed as deduction over five years in equal instalments starting from the year the construction is completed. Thus, the tax benefits are delayed." http://www.smarthomesrevanta.com/

  11. About Us Revanta Smart Homes provides 2,3,4 BHK Flats in DDA L zone Dwarka with motive of customer satisfaction and comfort living. Revanta is a vibrant realty society with a vision of quality and on-time delivery. We turn people’s dreams into reality. Within a short span of time, we have experienced tremendous growth, thanks to our workforce and the faith of our clients http://www.smarthomesrevanta.com/

  12. Contact Us Contact One Of Our Executive at +91-9811845382 OR Mail Us at info@smarthomesrevanta.com http://www.smarthomesrevanta.com/

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