Legal Guidance To Buy Property

 In today’s world, most of you dream of buying a property. Because of the urbanization and restructuring of the joint families into nuclear ones, everyone feels it necessary to have property. If any issue occurs, you can quickly shift to the new property and live there at ease. However, when you plan to buy a property, you have to ensure that the legal work is conducted and there are no flaws, as it could lead to a bigger problem later.

For this, you can consult with a reliable property lawyer in Delhi to get the best advice for property settlement. However, before you get in touch with an advocate for property law, here is brief legal guidance for you regarding the property.

Steps for property law

1. Verify title and ownership

The first and foremost step is to verify the seller’s documents for at least 30 years, if not more. Then, ask the seller to show you these documents – government order for grant, sale deed, gift deed, succession certificate, partition deed, lease deed, etc., nature of the title, and the khata registered in the seller’s name.

2. Verify the identity of the seller

The buyer of the property should also examine the identity of the seller. For this, he has to take note of the religion and the nationality of the seller. In case the property is held jointly, the buyer should meet with all the owners. If the seller is a trust, or a company, or an institute, ask for the required documents of the property to verify if all the rules are rightly maintained.

3. Conversion and permit for land use

Since many states do not allow non-agriculturists to purchase agricultural property, the buyer must check and examine the master plan and make sure that the property is made in accordance with the zoning plan like a commercial, residential, industrial, public, parks, open spaces, etc. If the actual use of the property is different from that of the notified zoning, it is mandatory to take orders from the Town Planning Authority.

4. Construction approvals

Further, the buyer’s responsibility is to inspect the building layout and check whether the local municipal authorities sanction it. Besides the approval of the local municipal authority, the consent of the local government, regulatory and statutory authorities are also required.

5. Occupancy certificate

One of the most vital things that the seller has to acquire to live in a new property is the occupancy certificate from the competent authority before having a final talk with the property seller. Not having an occupancy certificate means the property buyer is exposed to penalties under the state’s applicable laws.

6. Tax payment

As a buyer, you have to learn whether the tax of the property is completely paid. Non-payment of property taxes leads to affect its market rate. Hence, the buyer must first verify whether all the taxes related to the property are paid.

Conclusion

So, if you are buying a property, you have to visit the office of the Registrar to get hold of an encumbrance certificate. The purpose of this certificate is to show whether the property that you have intended to buy has the proper chain of sellers and buyers that the property has.

Reference link (Originally Posted): https://karunasharmadelhi.edublogs.org/2021/11/08/legal-guidance-to-buy-property/