If you are preparing to buy land in any city, you must know the legal rules and precautions. If you try to buy land without information, you may run into trouble and even experience financial loss.
6 documents must be checked while buying land.
Before buying any property, it is important to look at its title deed. The lien is such and will be recorded in the name of such property. How did he get the property? Is it inherited from family or someone bought it.? Overall, the title agreement specifies who you are buying the property from. Whether they actually own the property or not is known.
Loan Clearance.!
The second most important document in buying any property is to see the loan clearance. It is important to know that there is no loan on the property you are going to buy. If the loan is outstanding after you buy the property, the bank can foreclose on your property. So know about this in advance.
NOC!
No Objection Certificate (NOC) is the third important thing that a land or house buyer should pay attention to. The person selling the property has to issue NOC. This shows that the property you are buying is not controversial. If anyone has any objection regarding the property, they can speak about it only at the time of purchase. Do not buy property without NOC.
Sale deed.
This letter shows the sale and ownership of the property or land in your name. This document should be registered in the office of the Sub-Registrar. That is, selling the land or forcing a sale deed before buying the land.
Photocopy of all documents.
If you are registered to sell land, photocopy of all documents like income certificate, pan card, bank account details, aadhaar card is required.
Jamabandi Receipt.!
It is a record of land acquired by Municipal Corporation or Block and Gram Panchayat. Information is given about land irregularities and the situation in Jamabandi.
General Jamabandi Note : In this, any property is regularly reserved.
Property tax.
If you register any land for sale, it is necessary to keep that land as an asset. From it a certificate is obtained which is the proof of ownership of the land.
Cash No. Receipt.!
After registering the land, a cash number receipt should be submitted. Through this receipt, you can find out the value of the land and prove it.
Tax Receipt.
Customers buying land ask for a tax receipt. With this document, there is proof that there is no debt on the land. Therefore, this document may be required to sell the land.
It is very important to consider some important factors before selling your land. For, land is always a profitable asset. Therefore, if this aspect is observed, the profit will be better and the trouble will be less.