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Q.

What are the precautions to be taken before buying a property?

Tags: money, real estate, law & legal
Asked by Joseph Chacko, 23 Apr '12 07:34 pm
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Answers (2)

 
1.

1. Check whether the title is clear and all owners are ready to sign the deed. Sometimes, there are many hereditary owners and if some do not sign the deed, the buyer can land in trouble.
2. Check whether the property is settlement, agricultural etc zone as approved by the state authorities.
3. Check whether any government agencies/public authorities are likely to acquire the property for development e.g. roads etc.
Check whether the price is in keeping with the prices in that area.
Answered by Francisco, 23 Apr '12 07:42 pm

 
  
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2.

* Clear & Marketable TITLE DEEDS (Searching for 33 years)
* Non-encumbrance AFFIDAVIT & NOC from the seller/Mortgagee/ Allottee-if applicable
* Current PARCHA & RENT RECEITS
* Death Certificate/Deed of Conveyance/Deed of Gift ( wherever applicable)
* News-Paper Publication ( with 30 days waiting)
* NOC from the local PANCHYATS / BANKS etc.
* Price-structure from local BLRO /Municipal authorities, as applicable.
* Collect a SURVEY MAP of the area & the plot.
Answered by Kanai Chakraberti, 23 Apr '12 07:52 pm

 
  
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