Buy Property With Confidence

Property papers are verified generally under two circumstances, one is during purchase and other during lease of the property. Property paper verification is done to ensure that fraudulent acts or misrepresentation of the property has not happened, and it also helps in peaceful possession of the property. When you decide to buy a property or commercially lease a property, the first thing you should do is get the property papers verified by a property legal expert.

Depending on the type of property you are buying, you will need to get the relevant documents verified by a Property Lawyer. Sale deed in the name of the present owner, Agreement to Sale, Will, Partition Deed, Mutation Deed, Development Agreement, Sanctioned Plan, Encumbrance Certificate, GPA/Power of Attorney, Property Tax Receipts, Proofs of payment made to the builder. Apart from this, any other documents you have for the property.

An experienced property lawyer will do the property verification.

You can send the documents after the payment is processed. If any additional documents need to be sent then you can do so after logging into your account.

With every Property product purchase, you will be credited 60 minutes of Lawyer Consultation time. You can utilize these minutes to consult a Property Expert Lawyer and discuss your issues.

According to the Registration Act, 1908, any transaction having the sales proceeds of Rs 100 has to be registered. So, practically registration is a must wherever there is a sale and purchase of property or transfer of property. When you register your property, you will be able to establish your lawful ownership on the property. If you do not register your property, you will not be able to further sell the property. You will also not be able to mortgage your property or raise any loan against the property. In case your property gets acquired by the government, you won't be entitled to compensation if the property has not been registered.

The documents needed for registration must be presented within four months from the date of execution. Failure to register the purchase agreement of a property will attract a penalty. If a document that needs to be registered, remains unregistered, then it will not be acceptable by the court of law.

The stamp duty varies from one state to another. The stamp duty is calculated as a certain percentage of the sale value of the property. In some states, it varies from 5% to 7% of the property sale value. You can pay stamp duty in cash, cheque, demand draft, pay order, or NEFT transfer.

Previously, the Sale Deed document was returned after 4 months, but today, due to computerization, the copy of the Sale Deed is available on the same day.