Pune is one of the best places to live in. It enjoys an equal status of a metro, a retired person paradise, IT and Ecommerce hub, Educational hub etc. it’s a dream to own a house here. The city of Pune has a lot of residential plots around it.
But buying a property is not an easy task. It involves a lot of paperwork. Eventually, at the end the pains and the stress are all worth it. Buying a plot and buying an apartment are altogether a different ball game. The documents required for buying a plot are different than that of buying an apartment. Every state follows a different process. Here is a checklist of the important documents that you should check before buying a new property: If you have purchased a property which is under construction, following are the documents that you need to check: 1. Land records A check should be done from your side to see that the builder who is selling you the land owns it. The land records will give us the details of all the aspects of the property. 2. Sales Deed This is document which holds the proof of the property transfer from the buyer to the seller. The registration of this document is mandatory. 3. Building approval plan This document is given by the government body. The owner of the building has to get it approved from the jurisdictional commissioner. 4. Commencement Certificate This document holds a lot of importance when you want to build a property on the land. Failing to provide this document you may have to pay penalties as the property will be treated as illegal. 5. Conversion certificate This document is a proof that the status of the land is converted from an agricultural to a non-agricultural property. 6. Khata Certificate This certificate shows account of the person owning the property and is mandate for the registration of the property. 7. Power of Attorney This document gives a person authority on behalf of the owner if he is not present physically to carry out the legal transactions. 8. Completion certificate This document proves that if any property is built on the land they have met the standards in terms of all the dimensions specified by the government. 9. Betterment Charges Receipt It is a development charge which is paid to the local government body. 10. Encumbrance Certificate It is a certificate which shows the transactions that are registered related to the property mentioned in chronological order. 11. Compounding Fee Receipt This document provides us with the information regarding the deviations in the plan that were carried out while building a property on the plot. 12. PTCL Endorsement It is known as Prevention of Transfer of Certain Lands Act (PTCL) and it is issued by the Tahsildar. It is a compulsion to hold all the above documents. There are even more such documents that are required. It is always suggested to take the help of the real estate agent as they can take care of all the documentation. Consider Sairung Developers as your partner in helping you out with these tedious tasks of purchasing a plot.
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AuthorSairung Developers, backed firmly by a sound financial base and trust, started its activities in 1979. Since its inception, the Sairung Group has spearheaded revolution in many areas like construction, development of gated communities and assured deliveries of developed farm and bungalow plots, NA plots, ensuring high returns year after year. Archives
December 2016
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