Be it a fully furnished apartment or an empty plot or an independent house, property documents play a vital role. Before buying a dream house, it is a must for every individual to be aware of these ten important property documents. One should make sure of these legalities which in turn helps to avoid a legal battle with the respective seller. Before fulfilling your ambitious dream wait a minute and know about the property documents. Here is the list of essential property documents one should know about, before buying any property in India.
Mother deed is an important document that gives complete details about ownership from the start. This document is also known as a parent document. In general, these documents must be collected from the Mother Deed at the time of purchase. These copies can also be collected from registering authorities in the absence of mother deed. Mother deed includes information about partition, gift or inheritance and change in ownership of property.
Before processing the sale deed, the seller should make sure of the settlement of water charges, electricity charges, property tax, society charges, maintenance charges, etc. Sale deed act as proof for the transfer of ownership of property from the seller to the buyer. Before executing Sale deed, one should check about terms and conditions and the buyer should make sure of the clear title.
Khata certificate is considered compulsory for registering property. This is important for a new property and also for transferring of property. Khata extract is different from khata account, where khata extract only provides the property information. One should not buy property with B khata as it is considered illegal. Purchasing property with A khata is legal as it is listed under BBMP
Betterment charges receipt
Before issuing khata betterment charge is to be paid to BBMP. The same should be produced during property purchase.
Latest tax paid receipt
To ensure that all taxes are paid up to date this receipt is mandatory. It is a buyers responsibility to ask for latest tax paid receipt to avoid further risk from municipality/government.