Checklist: The Requirements You Need
When it comes to buying your own property, there are a lot of things to keep in mind. This is because it involves legal documents and a huge amount of money… even if it is a house or a condominium.
Buying a property is also a hassle and confusing thing to do. This is because you need to process a lot of paperwork and make sure that it is accepted by The Land Registry. To make things easier for you, here are the most important documents you need:
Agreement to Sell
This is the most important document when it comes to buying a property. It is basically a document that contains a detailed description of the property, the price agreed upon, and the agreement between the buyer and seller.
Property Tax Receipt and Occupancy Certificate
It is best to get a copy of the property tax receipt to make sure that the previous owner or occupier had all the taxes paid (if there is a previous owner). This is also to check the legal status of the property which can also serve as a document of evidence.
On the other hand, do not forget to claim your occupancy certificate which indicates that the property is ready to be occupied.
No Objection Certificate (NOC)
It is a type of certificate that makes sure that there are no statutory dues pending. This ensures that the property is not under the demolition list of any government department. It is also the certificate which confirms that your property is regularised.
It is the certificate that serves as proof that your property has been assessed by the government. It is also a document maintained by the Bruhat Bangalore Mahanagara Palike (BBMP). It is where the owner’s name, tax details, built-up area, and property dimensions are written.
It is the certificate which states that the property is free from loans. This also serves as a document for a procuring loan against property from banks. It is also where all of the transactions relating to the property is indicated.
Title Search and Report
It is basically a paper that contains the chain of documents related to your property and proof that it has been already registered. It is also where a brief description of the property is written together with the name of titleholders.
Valid Identification Card
Do not forget any valid identification card. It is the most important document that allows you to acquire all of the mentioned certificates. It can be a passport, drivers license, or a postal ID.
If you are having a difficult time looking for the best property to purchase, Nproperty got you covered. Aside from providing you with several property options, we can also assist you in processing all of the papers needed to buy the property. Rest assured that we have specialists who can make your property buying experience much easier.
What are you waiting for? Give us a call and schedule an appointment for a free property consultation and ocular visit.