Purchasing a property in Bangalore is a dream for many. With the best facilities, beautiful parks, amazing nightlife, and pleasant weather, Bangalore also has well-structured building projects that will carve the path for a better future. However, the process can be daunting, especially for first-time buyers. This article highlights the important documents to check while buying a home in Bangalore to ensure a smooth and legally secure transaction.
The Sale Deed – Proof of Ownership The Sale Deed serves as proof of the sale and transfer of the property from the builder to the individual buyer.
The Mother Deed – Tracing Ownership History It is necessary for loan applications as banks use it for due diligence to verify the property’s legality.
Land-Use-Certificate – Ensuring Property Compliance This document informs you about the designated land use, ensuring that residential properties are not constructed on commercial or agricultural land.
The Sale and Purchase Agreement draft – Defining Terms and Conditions It contains the mutually agreed-upon terms and conditions between the buyer and the seller. It outlines essential details, such as the properties pricing, which requires careful scrutiny.
The Approved Plan – Compliance with Regulations The builder must obtain necessary sanctions as per Planning Authority Bylaws, Master Plans, and Local Body Acts. This includes the Layout Plan and Layout Approval letter.
Encumbrance Certificate – Ensuring Clear Title The Encumbrance Certificate reveals any legal procedures, outstanding loans, or mortgages on the property.
The Khata Certificate – Property Tax and Identification The Khata Certificate contains crucial details about the property, such as its size, location, and area, required for paying property taxes. Various civic bodies issue the NOC, certifying compliance with safety, power, and water regulations. Purchasing a property without a NOC is illegal.
Conclusion: Be Well-informed It is crucial to be well-informed about the essential documents to check. From the Sale Deed to the NOC and everything in between, examining these documents diligently will ensure a smooth and secure transaction, making your dream home a reality.