Purchasing government property is not as simple as it appears.

There is a proper system in this situation that wishes to also be accompanied. Property is the government’s fault, as well as the country, has the ultimate word about whether or not to give land to humanity. The problem of land is a national one. When a country’s government wants to do is provide land to people, they usually send out a notice. A country’s land can be leased or purchased in a number of ways. You can visit the website to see if any government-sponsored property purchasing courses are offered.

Are you looking for new projects in Thane?

This is how you apply for land from the Government of India.

When you’re a Person of Indian Origin (PIO) or a Non-Resident Indian, you can’t buy farming land, farmhouses, or plantation cottages in India (NRI). You might be able to inherit them, though. Make a mental note of why you’re buying the land in your scheme. If the location is zoned for agricultural use, you can’t really expect the DC to accept your application. As a result, ensuring that you complete your work.

If you need to build a home, you can wait for the government to issue a housing project.

Let us just look at how it actually works:

The supporting documentation

The laborious paperwork may appear to be a nightmare, but it is a requirement. The following is a list of documentation that you must obtain from the seller.

Deed of Title: This document certifies that the seller is the only legal owner. A photocopy of the deed is not sufficient. Examine the original headline deed once you’ve received it. The land must be in the purchaser’s name. Check to see whether the buyer possesses full rights to sell the property and is also the sole owner. One can find out by conducting a ‘title search’ on the state government’s registration website. You can always get legal advice if you are uncertain.

The next document on our list is the Encumbrance Certificate, sometimes known as an EC.

This document is needed to define whether or not the plot is free of court battles. You can obtain it at the sub-office registrar’s where the land’s Contract For the sale was recorded. You have the option to take EC for the last 13 or 30 years.

Certificate of release: The Release Certificate is also something to add to your list. That’s only applicable when purchasing a resale home. This is to check that the seller has paid off all the property’s loans (if any). The bank makes a release certificate, which is helpful in the situation of the committed property.

An original land deed reads: You must obtain the original land deed of the actual owner and all past proprietors, often known as the 7/12 document (7/12 extract in Maharashtra and Gujarat and 7/12 Uttara in Karnataka).

Receipts and bills for taxes: If you will not get in trouble with the IRS, make sure you get the original bills and tax receipts from the vendor.

laying the groundwork

Following the paperwork, it’s time to evaluate the conditions on the ground.

Calculate the size of the property: Absolutely. The first step is to determine the show’s dimensions. You can also hire a survey to help you with all this.

Analyze the FSI: The extent of building on a piece of land was determined by a Floor Area Index (FSI). For example, if you do have a 2,000 sq. ft. property with an FSI of 100 percent, you can build a house on 2,000 sq. ft. If the FSI for the same plot is 50%, you can only build on 1,000 square feet of land.

Potential for appreciation: Do your homework and invest in a plot that will provide you with a decent return in the future. If you’re feeling brave, you might use the stock market method and buy an undervalued stock (plot) and wait for it to appreciate.

The procedure ultimately

Selling Agreement: As with any property, the first step is to establish a sale agreement that is signed by both parties. Your contract included the following elements:

• Specifics of the property
• The cost of the land has indeed been agreed upon by both the seller and the buyer.
• The amount paid by the customer in advance.
• The time frame in which the original sale should occur
• Clause of cancellation

Deed of Title: The next step is to have a government-licensed document writer write the Title Deed.

Receipt for stamp duty payment.

You can register the land in the sub-office registrars with the documents mentioned above. The seller must produce the Pan Card or Form Number 16 for registration if the land is worth more than Rs 5 lakh. Again for land registry, you’ll also need witnesses.

After your land has indeed been registered, the following stage is to get your house plan approved. This is only true if you want to build right now. For the creation of the building plan, you will need the assistance of a designer.

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