8 things you must check before buying home
divakar.thumb.jpg Start-ups are not aware of basic regulatory and tax requirements: MeetUrPro.com
October 30, 2019
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October 30, 2019VERIFY TITLE DEED
First thing you need to check is whether the seller has a right over the property. See the title deed of the land to confirm whether the seller has the full right to sell the land. You can also take the help of a lawyer to get the deed examined. Divakar Vijayasarathy, co-founder, MeetUrPro.com, says, “A mere NOC from the panchayats or other local bodies would not constitute approval by the authority.”
CHECK ENCUMBRANCE CERTIFICATE
It is important to verify that the land is free from legal dues. Sumit Jain, co-founder and chief executive officer, CommonFloor.com, says, “For this, check encumbrance certificate for, at least, 30 years. Given at the sub-registrar’s office, this states that the said land does not have any legal dues and complaints.”.