Land Buying Tips | Points to Check Before Buying A Land | Documents to Check Before Buying Land

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Land Buying Tips | Points to Check Before Buying A Land | Documents to Check Before Buying Land

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About This Video ------------------------------------------------------------------------------------
In this video Er. Kishan Ojha, Corporate Trainer of Civil Guruji explaining about Land Buying Tips | Points to Check Before Buying A Land | Documents to Check Before Buying Land

What are the Steps before purchasing land?
And Which documents are wise to check in the purchase of property? In this blog, we’ve outlined the Process of steps before purchasing land. If you follow, you would never befall into the trap of the wrong property seller. Follow the below steps and execute while buying your land or keeping it for future reference for a real knowledge Guide. Land Buying Tips | Points to Check Before Buying A Land | Documents to Check Before Buying Land

Sometimes, people try to sell disputed properties at low prices. This prospect might seem attractive in the beginning but would eventually prove to be a major headache. Also, never engage with a seller who wants you to give brokerage money to make the purchase in order to save taxes. This could also lead to a lot of future troubles. So, let’s dive deep to know more inside. Land Buying Tips | Points to Check Before Buying A Land | Documents to Check Before Buying Land

Checklist for your new land documents
Explained below-
1. Sale Deed

2. Receipts of taxes Bills paid

3. Power of attorney

4. Verify the identity of the seller

5. Land-use permissions

6. Status of tax payment

7. Conversion Certificate

1. Sale Deed

It is a legal document that verifies the ownership of the property. Or there is also evidence that the property has been transferred from the old owner to the existing seller

2. Loan Certificate
This certificate ensures that there is no loan or other liability on the concerned property. Meaning at the time of land buying, it should be free from all kinds of debt or liability.

This certificate issued by the sub registrar's office tells what kind of transaction related to the property has been done and what is its actual condition at present. In other words, this certificate is proof of any mortgage, title transfer, or legally transaction so that the property is not in question

3. Power of attorney

It is a legal document with the help of which a person authorizes another person to take care of all or sell the property.
However, this document also needs to be registered otherwise the same property is sold to many people. And it happens huge loss of revenue to the government and has to face more cases of litigation

4. Tax and Bill Related Certificates

The person buying the property should ensure that all dues have been cleared and should have the necessary tax receipt or bill for the same.
Ask for all original receipts in the genuine from the person selling the property and never trust photocopied receipts.

5. Verify the identity of the seller
Check documents of the seller and confirm identity- To confirm the seller has a proper Identity proof and have the valid identity issued by the Indian Government-include his Aadhaar number, PAN number, passport, income tax returns, salary certificates, etc

6. Check the status of Land-use permission
Check do The buyer must examine and satisfy that the property is developed in accordance with the zoning plan – such as-

Residential
Commercial
Industrial
Public/semi-public
Parks and open spaces, etc.
So you must obtain orders from the Town Planning Authority permitting a change of land use is mandatory.
Property must be Registered on the RERA (Real Estate Regulation and Development)

7. Warning tips for Land Buyers
Never Ever do these things- Without doing your own research, Never ever agree to sign on the dotted line or on the Plan paper.
Even if an agent or a developer is known to you, check their RERA ID (Real Estate Regulatory Authority) and Proper registration.
Never offer money in black, in lieu of tax discounts.
Don’t buy a property on someone else’s behalf.
Check if the Disputed Land.
Fake document

8. Keep these small but important points in mind before buying a Land
Never Ever do these things- Before buying a plot, see that it is not in the lower part. If this happens then you may have trouble during the rainy days and it also brings an inferiority complex to the mind. There should not be a drain, cremation ground, graveyard, etc. around the land.

Land Buying Tips | Points to Check Before Buying A Land | Documents to Check Before Buying Land