The true property costs in your metropolis are hovering. You’ve waited too lengthy to personal your personal residence. Uninterested in staying in these rented homes? The true property costs have lastly crashed…
A Golden alternative to purchase your personal residence. You’ve simply seen a lovely residence which matches your expectations. Time to lock the deal. Bear in mind: Haste makes waste. All the time test your paperwork earlier than shopping for your residence.
Check out the title deed:
Test the title deed of the land on which the residence has been constructed. The title must be clear and marketable. The title deed (proving possession of the land) must be within the fingers of the vendor of the residence.
The title deed provides you the historical past of possession of the land. Who the earlier homeowners have been? The change in possession of the land (as it’s transferred between homeowners as a present, sale or an inheritance 부동산 중개).
Test the sale deed of the residence:
A sale deed of the residence provides the vendor the proper to promote. It transfers the possession of the residence from the vendor to you. Guarantee that the vendor of the residence has the sale deed (The proper to promote the residence to you).
You the client must pay the stamp obligation and the registration costs.
The constructing approval plan:
The constructing must have the approval of the Municipal Company (Authorities approval).
The vendor of the residence has to register the paperwork with the Municipal Company to get the mandatory approval.
Guarantee that the residence you intend to purchase has the constructing approval plan accredited by the Municipal Company.
Test for the Encumbrance certificates:
You might want to test if the residence you purchase has an encumbrance certificates. The residence you purchase could have been mortgaged as a safety (debt) to a financial institution.
You’ll have to test the sub-registrars workplace for any encumbrances on the residence saying it’s free from mortgage and litigation.
Land use conversion:
Land is transformed from agricultural land to a non agricultural land by a Deputy Commissioner. The transformed land is named DC transformed land.
The Deputy Commissioner checks that the land has been accredited by the Division of City and Nation Planning for land use conversion after which it’s transformed.
Your residence must be constructed on land which has been DC transformed.
The Constructing Completion Certificates:
The constructing wants to stick to sure norms of building.
The peak of the constructing: Mustn’t overlook a army set up.
Needs to be at a sure distance from the highway.
Needs to be appropriate for habitation.
Occupancy certificates:
Your residence will get the occupancy certificates when it has the mandatory water, sewage and electrical connections.
The occupancy certificates additionally proves that your residence has been constructed in accordance with the constructing structure accredited by the Authorities.
The development of your residence is authorized solely as soon as it obtains the occupancy certificates.
You might want to test all these paperwork earlier than making a remaining determination to buy your residence.