Purchase - flat in bangalore
Ria
(Querist) 11 May 2012
This query is : Resolved
Respected Experts,
What are the legal documents that we should check for when we are buying a newly constructed flat in Bangalore ?
ajay sethi
(Expert) 11 May 2012
contact a local lawyer .
title search report
occupation certificate / building completion certificate
A V Vishal
(Expert) 11 May 2012
Process of Buying an Apartment:
The process of buying an apartment is a long procedure and it is as follows.
Verify the BBMP approval certificates for the building.
Check the encumberance certificate if any loan has been taken on the property.
Check the Khata certificate for the flat and land
Take a Xerox of all the documents mentioned above and verify it with a good real estate lawyer.
Also verify the Sale Agreement and Sale Deed with the lawyer.
i. Sale agreement is the first agreement to be signed on stamp paper between the buyer and the builder. It includes the booking advance, carpet area, built up area and super built up area, final amount to be paid and the due date to pay the final amount.
ii. Sale Deed is a document that states that you are the owner of the apartment,that is certified by the sub registrar of that area.It includes the address of the apartment and the amount for which you are buying the apartment.
Book the flat by giving the booking advance and get the sale agreement from the builder on stamp paper.
Give the final amount of the flat before the date mentioned in the Sale Agreement.
Get the Sale Deed registered from the sub registrar in the locality.
Get the khata for the property
Advocate M.Bhadra
(Expert) 11 May 2012
Before buying the property you should search the records and index of sub-Registrar office for previous transfer of the property,you should also search the records of ROR(Records of Right) in Revenue Office,and also municipal Holding Records as well as sanctioned plan issued by the Municipality,lastly you should get a Legal heirs Certificate from the Seller/vendor and Original documents.
Shonee Kapoor
(Expert) 11 May 2012
This query has been answered multiple times, dig LCI Archives.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
R.K Nanda
(Expert) 11 May 2012
I agree with Shonee Kapoor.
