Uploaded on Feb 18, 2022
This content will guide you with proper documentation while purchasing a property in Raipur.
Purchase of a property in Raipur Important Documents to Consider
Purchase of a
property in
Raipur: Important
Documents to
Consider
INTRODUCTION
• The land is the most preferred form of real estate
investment.
• While buying land, it is vital to consider several key
factors, due to which your purchase might not be
the sound investment you expected.
• If you invest in a property in Raipur, it will earn you
income regardless of where your plot is located.
Licensing and
Approvals -
• It may be a bogey to deal with
paperwork, but it is ultimately
necessary.
• If you want to avoid splitting
headaches in the future, these
documents are essential while
purchasing a property in Raipur.
Title Deed -
• A clear title is necessary if you wish to
be assured of undisputed legal
ownership over land for sale.
• You should always ensure the title is
clear on any property, whether it is
agricultural, residential, or commercial.
• Deal with deeds whose transfer of the
land to you is questionable as soon as
possible.
Release Certificate -
• It is an official document issued by a bank
to a mortgagee to confirm that a
mortgage loan with the latter has been
settled or cleared.
• This letter proves that the debt was paid,
so the borrower no longer owes the bank
anything.
• If the property in Raipur has any
outstanding loans, ensure that the bank
has provided a release form indicating
that the loans have been paid.
Property Tax Receipts -
• The taxation process of a plot is one of
the most important things to understand
when investing inland.
• Everyone wants to avoid tax trouble! If
you plan to purchase a resale property in
Raipur, you should ask the seller for
previous tax receipts.
Local Approvals -
• To make significant capital gains through
land acquisition, you must obtain a plot of
land that is free from encumbrances.
• Usually, that means a piece of land with
all the appropriate documents for your
peace of mind.
CONCLUSION
• If you keep the above factors in mind, you can be
sure that your investment in any property in Raipur
will turn out to be a logical income-generating
choice.
• If your land is registered with the sub-registrar's
office, you will need all the documents listed above.
• The seller must submit his Pan Card or Form
Number 16 if the land is valued over Rs 5 lakhs. The
seller must also provide two witnesses.
Thank you for
following along!
For any questions, simply
approach me and I'll be glad to
help.
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