What Is A Possession Certificate?
Using the MeeSeva website, you can submit an online application for a possession certificate. A number of documents, including the completion, occupancy, and possession certificates, are requires when purchasing real estate. Examine the characteristics of a possession certificate, its significance, the paperwork needed to apply for one, and the procedures for doing so.
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What is the definition of a possession certificate?
A government-approved document known as a possession certificate certifies that the seller (developer/promoter) has given the buyer ownership of the property. It contains the date on which the buyer took possession of the item. In urban regions, the Tahsildar issues a possession certificate; in rural areas, the Revenue Divisional Officer (RDO) does the same.
What distinguishes a possession letter from a possession certificate?
A letter of possession is provided by the developer. The property is being turn over to the buyer, according to the letter. But this doesn’t demonstrate legitimate ownership.
To prove that a piece of property is legally owned, a possession certificate—issued by the local government—is needed.
As a result, while a possession letter might demonstrate your authority over the asset, a possession certificate might be requires to establish ownership.
The importance of a possession certificate
Proof of ownership: The possession certificate certifies your legal ownership of the asset.
Home loan: One of the documents that banks and other financial institutions need in order to provide a home loan is the possession certificate, if you are thinking about applying for one.
Selling property: You should have a possession certificate, which verifies your legal right to sell the property, when you sell it.
Enhancement of property: You are able to make allowed improvements to the property after obtaining the possession certificate.
Renting the property: You are able to generate revenue by renting out your property.
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What is a certificate of conditional possession?
A buyer of a house may choose to have a conditional possession certificate issued if the possession certificate is accompanied by specific problems, such as inadequate or incomplete construction. This allows a buyer to list all of their complaints about the property that the developer hasn’t addressed and to request that the developer do the work before you acquire ownership. If the developer disregards this, you have the option to file a court case using the conditional possession certificate as support.
Documents needed for a possession certificate
Identity proof: Any document issue by the government, such as a driver’s licence, passport, or voter ID, can be use as identification proof.
Proof of address: phone bill, bank statement, rental agreement, electricity bill, etc.
Details of the bank account: to choose the account from which the money will be taken out by the bank.
What is included in a possession certificate?
A certificate of possession will contain:
- Description of the property
- Additional items included in the property contract, including parking spaces
- When the property was first possessed
What are the steps for obtaining a land possession certificate?
- Get an application form by visiting the Right to Public Service (RTPS) or Anchal Adhikari offices.
- The land revenue portal for your state has the possession certificate form available for download. Complete the form and turn it in to the appropriate office.
- Once the form is submitted, you will receive an acknowledgement that may be use to monitor the status of the submission.
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How may an online application be made for a possession certificate?
- Open MeeSeva and log in.
- After selecting “Revenue,” select “Possession Certificate.”
- Enter the details of the property.
- Upload all of the document.
- Make the necessary payment.
- You will receive a payment acknowledgement as soon as the payment is received.
How to check the possession certificate status?
- Navigate to the “Transaction History” section of the e-district website for your state.
- To view the status, enter the application number.
Alternatively,
- Visit MeeSeva’s website.
- Go to “Track application status” and click.
- To track status, enter the application number.
Time taken to obtain a possession certificate
Getting a possession certificate might take a variety of times, depending on the project, the location, and the deadlines that the local authority has set. It might take, on average, seven days.
What is a certificate of occupancy?
A certificate of occupancy attests to the built project’s suitability for habitation. A person cannot move into a place and remain there without an occupancy certificate. This is due to the possibility that it is unfit for habitation, and you run the danger of being evict by the local government.
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What distinguishes a possession certificate from an occupancy certificate?
The transfer of ownership of the property from the seller to the buyer is confirm by a possession certificate. The property’s suitability for habitation is mentioned in the occupancy certificate.
Viewpoint on Housing News
Real estate transactions depend on paperwork that we frequently forget about, even though they may not have been provided to us during ownership. One of these official documents is a possession certificate. Obtaining a possession certificate is the following stage for the developer after receiving an occupancy certificate. The possession certificate will come in handy for future property sales and home loan applications, so don’t throw it away.
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