Description of the real estate document: If the owner or owner of the land has received a royalty in favour of a bank or financial institution, a LETTER NO OBJECTION OF THE FIN IS required. No letter from OBJECTION should clearly state the details of the real estate, the name of the borrower, the borrower`s account number, the dwelling, the floor, the surface, the parking lot, etc. and should be addressed to the buyer. The original letter should be in the buyer`s custody. When it is mentioned in “No Letter of Objection” that all payments from the buyer are made through the financial institution, this should also be taken into account. Previously, documents submitted for registration were returned to you after a period of six months. However, with the computerization of the sub-registry offices, the documents (with the registration number and proof that the documents were recorded by the Registrar) are scanned and returned on the same day. Khata Extract looks for details in the evaluation register. The extract is required to obtain a commercial license or to purchase a particular property. It is an excerpt from the assessment register of a particular property. It has the details of the property in a particular format with the name, size of the property, use of the property (commercial object, residential building), annual value, if the latest valuation.
An excerpt is the only way to get these details from any property. When searching for title, the chain of documents that document the property history is consulted. That is what happens in the chancellery. The title report is the written analysis of the property with respect to its description, the names of the owners, the common lease, the tax rate, charges, mortgages, mortgages and property tax. Many home loan lenders do not consider the “title report” to be an essential document, but they may require it for real estate transactions. A seller should pay all legal payments, such as property tax, water taxes, business expenses, electricity costs, maintenance costs, etc. (subject to agreement) before the sales statement is executed. In particular cases, where a party to the transaction cannot go to the sub-registry office, the sub-registry may submit each of its officials to the acceptance of the registration documents at that person`s home. The term “locked-in property” includes land, buildings and all rights related to these lands. The real estate document checklist is a crucial step in the real estate purchase process. Real estate transactions in India are complex due to a complex legal, legal and regulatory framework. Based on my clients` requests, I can conclude that approximately 80% of buyers do not receive complete real estate documents at the time of purchase.
These buyers are fighting when selling real estate. Another problem with real estate documents is that the buyer or seller does not know why a particular real estate document is needed, whether it is necessary or not in the original, etc. To help readers of my blog, I created a complete list of real estate documents. I will update this list of property documents if necessary. I would also like to add that some states in India need additional ownership documents that vary from case to case. A property in India may be acquired by Indian citizens, NRIs or a person of Indian origin (no citizens of Pakistan, Bangladesh, Sri Lanka, China, Nepal and Iran).