The majority of us consider purchasing a home to be the most significant decision of our lives because it involves a significant amount of effort and investment of life savings. Make sure you are investing your hard-earned money in the suitable property to avoid having your efforts go in vain. This blog includes the essential paperwork that every home buyer must review before making a purchase.

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Verifying the paperwork involved in the acquisition of a home is crucial since it proves that the property has no legal problems attached to it. Regardless of whether you are purchasing from a builder or an individual owner, you must be cautious while handling the compliant documentation.

RERA authorization

Each state’s real estate regulatory authority requires all real estate developers to register with them. Every developer and project receives a special registration number & certificate after registering. You must look up a hard copy or a digital copy of the RERA certificate or registration number.

Registered Systematic Agreement

The ownership of the property is describe in the meticulously record agreement for sale between the prior parties. In this document, you would find:

• Timeline for finishing the project
• Payment terms
• The imposition of interest and penalties on a buyer
• Penalties and approvals that the builder has received
• Endorsed project design
• Title Act
• Mortgages and loans, if any
• Financial support (equity finance, joint ventures, or partnerships)
• Refund provisions in the event that the project is not completed

7/12 Property Extraction and Village Form No. 6

The ownership, occupancy, rights, responsibilities, and other details pertaining to both agricultural & non-agricultural land parcels are detailed in this revenue document. The excerpt includes details about the:

• Number of the land survey
• Name of owner
• The total land area
• Name of the cultivator
• When referring to an agricultural plot, whether the land is irrigate or rain fed
• Crops produced during the most recent growing season

Real estate card

A prospective homeowner must confirm that the property card contains ownership information. It should be made very apparent the history of the landowners under the jurisdiction of a village in an urban area.

Location Plan approved

The property’s correct location for geographical tagging & determining the jurisdiction over the property is summarized in the authorised location plan.

Planned city survey

Either a city survey plan from the relevant authority or a revenue department survey plan.

The local administration has authorised the layout plot plan.

This document, sometimes referred to as a site plan, will include a schematic outlining the project, road position, equipment arrangement, and utility runs. It will also include other buildings from past or present project locations. Buyers should be aware that the city or state’s land authority, not the panchayat, has approved the design of a building or project, not the panchayat. The phrase “panchayat approved plots” is misleading and encourages the false marketing of developments with unapproved floor plans. Therefore, a buyer must confirm that one of the following authorities has provided the layout approval:

a.) The Director of Town & Country Planning (DTCP), a division of the Department of Town and Country Planning

b.) Nodal planning organisations like:

• Metropolitan Development Authority of Chennai (CMDA)
• Metropolitan Development Authority of Hyderabad (HMDA)
• Development Authority for Bangalore Metropolitan Region (BMRDA)
• DDA, the Delhi Development Authority

Certificate from an Architect Regarding the Layout Plot

This Interim Certificate from the project architect attests to the project’s successfully completion.

The most recent title & search report

This document includes information about the subject property from a lawyer or advocate for at least the last 25 years. This document certifies who actually owns the property. The description of the property and the name(s) of the owner(s) will appear on the title deed. The property owner will receive specific advantages as a result. These rights will then be given to the future owner of resale homes.

Non-Agricultural Order

It is crucial to have a non-agricultural order attached and the necessary government approvals. This ruling essentially grants authorization to turn agricultural land into one that is not use for farming. Without permission, a piece of land that has been designate for agriculture cannot be use for something else.

Clearance Document

Once the builder has obtain all of the NOCs verifying that the payments for the purchased property have been made, he is given this certificate. The constructor needs permission for drainage, environment, fire, hydraulic, sewage, water, and archaeological survey.

Construction/Structural Plan

a document attesting to the competent authority’s approval of the structure’s or building plan in accordance with the laws and regulations governing development control.

Clear Certificate of Commencement

After receiving permits and sanctions for the project map & establishing the groundwork for the boundaries and superstructure, the builder is given this certificate by the municipal planning authority. Simply expressed, the certificate enables the builder to start the project’s construction.

Clear Certificate of Completion

After a project’s construction is complete, the builder issues this certificate. This legally require document certifies that the building project was finish in line with state safety regulations and the Government Buildings Act of 1899.

Certificate of Clear Occupation

This certificate, which the municipal corporation issues, attests to the fact that your building conforms with all state regulations and is thus fit for habitation.

Proof of registration and stamp duty payments

• Landlord and Builder Execute Development Agreement or Agreement for Sale for Development or Transfer of Title, Right &/or Interest to Builder
• Draught transfer deed that is intend to be perform in the applicant’s favour: This paper, which the seller signs, declares that the buyer now owns the property.

Buying a home is a dynamic activity with numerous variable aspects. We strongly advise speaking with a reputable real estate agent and a knowledgeable attorney to obtain the paperwork you need to review before making a real estate investment.

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