North India Statesman
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Buying a dream home is one of the biggest decisions of life. Our entire life’s earnings are invested in this. Therefore, even a small mistake in this work can prove costly. Especially when it comes to property documents. The government has also tightened the rules of land and property registry and the Income Tax Department is keeping a close watch on every transaction.
If you are also thinking of buying any land, house or flat, then never forget to check these 8 important documents. It may happen that even if you pay the money, you do not get the ownership rights.
1. Sale Deed – the biggest proof
This is the most important and last legal document of any property. Only the original deed proves that you are the legal owner of that property. When you get registered in the sub-registrar office of your area, it is most important to take these documents. This is the biggest proof of your ownership rights.
2. Mutation – Change your name in government account
Mere registration is not enough. It is equally important to get that property registered in your name in government records (like Municipality or Gram Panchayat). This process is called filing-rejecting or mutation. This ensures that the old owner no longer has anything to do with that property and you will pay the property tax in future.
3. Loan papers against property (Mortgage Papers) – Is the property mortgaged?
It is very important to check that there is no old loan running on the property you are buying. Is it possible that the old owner has mortgaged the property with a bank? If you buy such a property without checking it, then the responsibility of repaying the old loan may fall on you. Therefore, finalize the deal only after the loan is cleared.
4. Property Tax Receipts – Dues of the old owner
Make sure that the previous owner of the property has paid all the property taxes on time. Be sure to check its old receipts. If tax is outstanding, you may have to pay it later along with interest, which will make your property expensive. If you want, you can also check this by going to the Municipal Corporation or the concerned authority.
5. Possession Letter – Proof of house keys
This document is given to the buyer by the builder or developer. It is written in it on which date the possession of the property was given to you. While taking a home loan, the bank also asks for the original copy of this document.
6. Occupancy Certificate (OC) – ‘Pass’ for occupancy
This certificate is given to the builder by the government department and it proves that the building is safe to live in and is built as per all the rules. It may be illegal to live in a property without an occupancy certificate. It is your right to ask for these documents from the builder.
7. No Objection Certificate (NOC) – No one has any objection
If you are buying property in a society or a big project, then definitely ask the builder for a copy of the NOC received from different departments (like electricity, water, environment). This ensures that no department has any objection to the project.
Only by examining all these documents can you avoid frauds and become the owner of your dream house.
