Need information on title deed
Nayana R
(Querist) 19 February 2016
This query is : Resolved
Hi,
I have plannings to take a property wherein the seller is not having any title deed. is encumbrence certificate is enough to proceed further or is there a necessary to record a title deed before taking the property?
If at all i have to record a title deed on this property what could be the cost i will have to pay?
could you please help me on this.
Devajyoti Barman
(Expert) 20 February 2016
A general checklist is given to decide on title.
Here is the list of documents required:
Absolute sale deed in present seller’s name
Khata certificate & extract from BBMP
Latest tax paid receipt
If any loan outstanding on the property, latest statement from bank
Encumbrance Certificate from date of purchase till date
Agreement of sale & construction executed by developer in favour of seller
Latest electricity bill & receipt for the said flat
NOC from Apartment Association
Sanctioned building plan
Possession/occupancy certificate from builder
All title documents of land owner
Joint development agreement, GPA, & Sharing/supplementary Agreement, between land owner and builder
Whether originals are available for inspection if no loan is taken?
A Copy of all registered previous agreements (in case of re-sale property)
RTC (Records of Rights and Tenancy Corps) or 7/12 extract
Conversion Order issued by the concerned Authority
Registered development agreement (If in case of Joint Development Property)
Power of attorney/s if any
Photocopy of Society share certificate & Society registration certificate.
Rajendra K Goyal
(Expert) 20 February 2016
If seller is not having title deed, how he own property. He may have equitably mortgaged the property with some financial institution or otherwise.
Certified copy from registrar office can be received. Discuss in detail with local lawyer after showing him all telated documents.
ADV-JEEVAN PATIL, MUMBAI
(Expert) 21 February 2016
Sellee cannot sell Property without title.Fist ask him to title it n then buy
Nayana R
(Querist) 25 February 2016
Is it possible to record a title deed by the buyer during the time of purchase.
The seller is clear with the EC but only thing is that he is not having the title Deed.
