plot booked in Mangadu Chennai from builder.
need to verify the legal check of thr property and need Ec For 50 years. pls assist.
You need to do below mentioned things before purchasing the plot :-
1. Check for the title papers
2. Tally the approved plan with actual site
3. Check out property tax slips
4. Encumbrance Certificate
5. Project has a registered society
One of the important documents that you need to apply and verify is an Encumbrance Certificate or popularly known as the EC. An encumbrance certificate is important not only while buying a property but also when you are applying for a home loan or going in for a loan against the property.
To get EC offline:-
- To obtain EC, you need to submit Form No. 22 (application for EC).
- You have to affix Rs 2 non-judicial stamp on the application.
- You need to provide complete residential address and the purpose for which the certificate is required.
- You have to provide the survey number and place where the property is located. It is important to also mention the period (how many years you want EC for?), full descripttion of the property, measurements and boundaries of the property. (If you are applying for a home loan then your lender may need EC statement for 10 to 15 years.)
- Enclose copies of your ID proof and residential address proof.
- Submit the forms to the concerned officer at the SRO (Sub-Registrar Office).
- You have to pay the required fees. The fee for EC is based on the number of years for which you would like to get the EC for. Kindly note that a fraction of a year is also considered to be a complete year. (EC is issued from the beginning of a Financial Year i.e, 1st of April)
- The fee can vary from State to State. Generally it is very nominal. The ‘search fee’ for 1st year can be in the range of Rs 15 to Rs 50 and for every additional year there can be fee in the range of Rs 5 to Rs 10 (approx).
- In some states like Andhra Pradesh, you can download the Encumbrance certificate free of cost online. But it is issued as a report for information purposes and not as a signed certificate. However, you can find all the required details even in online copy too. (Click here to visit AP Registration Dept’s website and search for e-Encumbrance Statement online).
- Barring a few states, encumbrance certificates in India are mostly issued physically. States that issue encumbrance certificates online are Andhra Pradesh, Odisha, Kerala, Puducherry, Tamil Nadu and Telangana.
- The time taken to get EC statement is around 10 to 30 days.
