If you are planning to buy land, then keep in mind that for this you have to be very careful. Many things should be carefully examined while buying land.
It is the dream of every person to have his own property. In this era of flats, there are many people who want to buy their land and build a house. So that you can build your house according to your choice. If you are also planning to buy land, then keep in mind that for this you have to be very careful. While buying land, many things should be carefully examined, otherwise, you may have to face problems later. Let us know what those things are.
While buying land, checking its title is the most important thing. You have to check that the person who is selling the land to you is the real owner of the property and he has all the rights. Land documents are quite complicated. It is better that you get these documents checked by a lawyer (advocate) so that after checking the receipts of sales deed and property tax, you can get a certificate of confirmation of the vendor's title. Be sure to trace titles for at least the last 30 years.
Transactions (change of ownership through deeds) and encumbrances (legal dues) in respect of the land to be acquired will have to be traced to the sub-registrar's office. Its process is different in every state.
Before buying the property, public notice should be given in the local newspapers inviting any claim on the proposed land to be purchased. From this, it is known that there are no third-party rights on the land.
The land is also sold through a Power of Attorney (POA) on behalf of the owner. The power of attorney should be thoroughly examined to ensure that the same property is being sold as the one you want to buy. It also happens when it is necessary to sign some documents within a certain period of time. It should not be delayed, it increases the cost. To avoid such situations, you can authorize someone else to sign on your behalf.
Whether the original title documents related to land transactions are correct or not. This thing must be checked before the deal. By doing this you will know that the seller has not created any third-party rights with the original. After the completion of the deal, definitely take these original documents.
If the property/land to be purchased already has structures or buildings, check whether the approved plans, required permissions, and NOC are in order.
Make sure to check that the property tax for the land you are buying has been paid till the date of transfer and the original receipts for this payment are ready for verification. Also, find out whether the account (revenue recording showing the name of the owner) is available in the name of the vendor.
While buying land, it is important to be aware of the local laws/rules of that area so that you do not face any kind of difficulty while buying the land.
It should also be checked whether the land has been mortgaged or not. Before buying the land, ensure that the seller has paid all the dues on the land. A release certificate from the bank is required to determine that the land is free from all debts.
It is also necessary to measure the land, which the person buying should get done before registering in his name. The buyer should take the help of an accredited surveyor for this purpose.
