Before buying an apartment in Kottayam, or anywhere else in India, there are a few things you need to make sure are in place. Apart from checking into the credibility of the seller and the property, you have to ensure that you are equipped with the required documents for a property purchase. Here is a list of important property documents that are required to buy an apartment or an independent house.

1. Land ownership record check:

You have to ensure that you are dealing with the legal owner of the property because only the rightful owner has the right to sell their property. So the first thing to check is the ownership records of the property for at least, the past 30 years. This would give you the list of all the transactions that have been associated with the property in this period.

2. Encumbrance Certificate:

An encumbrance certificate is to find out whether the property that you are planning to purchase has a mortgage/charge on it as the current owner may have pledged the property to a bank to get a loan. The encumbrance certificate will give you an idea on all the transactions that have been registered relating to the property for any specified period.

In order to obtain an encumbrance certificate, you have to approach the sub-registrar’s office, where the deed for the land has been registered.

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3. License/development right/ approvals of the builder:

If you are buying a ‘ready to move in’ apartment or house from a reputed builder, make sure to ensure the proper conveyance of Title in favour of the builder, the license/development right/ approvals of the builder and the clear and marketable title of the project.

4. Allotment letter/ Sale Agreements:

Ensure whether reputed financial companies approve the project as this will help you in getting financial loans. Also ensure the execution of proper Allotment letter/ Sale Agreements on your payments. continue reading

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