GOING TO MOVE INTO YOUR NEW DREAM HOME? WELL HOLD YOUR HORSES! IT’S
BETTER TO BE SAFE THAN SORRY, CHECK YOUR PAPERWORK TO AVOID PIT FALLS.
1) No objection certificate:
This document contains all the proofs needed that the project has all the
necessary approvals from the government and it’s totally legal for you to
invest in that property.
2) Encumbrance Certificate (EC): This
certifies that the property is free from legal liabilities and monetary
liabilities such as mortgages, unclear loans by the property owner. It is
important for an investor as this not just to secure the legal papers showing
that the property is legal but has also a vital role for obtaining loans from
banks and other financial institutions which are against the property or for
the property.
3) KHATA:
This is the documents that hold the legal identification of the person owning a
property, it contains the name of the owner, location, size of building, etc. It contains how much taxes the owner
should pay to the BBMP. This holds the data on size of the property, location
of the property, build-up of the property. It’s required in other situations
such as applying for an electricity connection to BESCOM, applying water
connections to BWSSB, applying for a mortgage from a bank and use the property
as collateral for the loan. A property listed under A-KHATA comes under the
jurisdiction of the Bruhat Bengaluru maha nagara palike (BBMP). Buying a B-KHATA
property should be avoided as it will be deemed as an illegal construction.
4)
Occupancy certificate: This document contains the necessary
proof containing the construction complied with approved building laws and
plans. In order to obtain this document please refer the picture below it
contains Commencement certificate, a completion certificate, built and section
plan (elevation and site), NOC for fire and pollution, Area calculation sheet
of floor signed by architect, Photographs of completed building, Tax assessment
with tax paid receipts, Photographs of rain water harvesting and solar panels
if any and finally a copy of the sanction plan.
5) Building plan approval( BPAS ) :
This document holds the approval of building structure by local authorities.
6) Commencement Certificate: It’s
a documentation that is issued from Municipal authorities concerned to that
place which give permit to the builder to begin their construction work, in a
nutshell this certifies from the designated authority to the builder after
fulfilling the specifications in IOD.
7) Sale Deed: This is an
important document containing the proof of sale and transfer of property from
the seller to the buyer. It also known as the conveyance deed.
8) Mother deed: This is a
legal document that helps trace the antecedent ownership of the property. As
ownership of a property changes through many owners so there will be multiple
transactions which is hard to keep track of so this documentation is required and
it’s also required if there are plans of selling your property in the future.
Make sure this deed has recorded the reference to previous owners in a
continuous sequence till the current owner only then it can be considered as a
legal property.
9) Completion Certificate: This certifies that the building is in
compliance according to all norms and regulations where the authorities award
this only after inspection and if they are satisfied with the construction has
been don according to the building plan and certain standards has been
maintained.
10) Conversion certificate: Almost 60% of
the land in India is agriculture based. So the authorities have issued a
conversion certificate, which holds a no-objection that the land is being used
for housing.
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