LEGAL DOCUMENTS REQUIRED TO BUY PROPERTY IN INDIA

Buying property in India is a major financial decision that requires careful consideration of various legal aspects. The real estate market in India has become increasingly regulated over the years, and there are several legal documents that are required to be in place before a property purchase can be considered complete. In this article, we will discuss the essential legal documents required to buy property in India.

1. Sale Deed: A sale deed is a legal document that establishes the transfer of ownership from the seller to the buyer. This document contains details of the property being sold, such as the address, the total area, the boundaries, and the details of the parties involved. It also mentions the consideration amount (i.e., the price of the property), the mode of payment, and any other terms and conditions of the sale.
2. Title Deed: A title deed, also known as the ownership document, is a legal document that proves the ownership of the property. It contains details of the property’s ownership history, such as the previous owners, any encumbrances, and any mortgages or liens against the property. It is essential to verify the title deed to ensure that the property is free from any legal disputes or claims.
3. Property Tax Receipts: Before buying a property, it is essential to verify the property tax receipts to ensure that all property taxes are paid up to date. This document is proof that the seller has paid all the outstanding property taxes, and the buyer will not be liable for any outstanding dues.
4. Encumbrance Certificate: An encumbrance certificate is a legal document that contains details of any encumbrances or charges against the property, such as mortgages or liens. It is essential to verify this document to ensure that the property is free from any legal disputes or claims.
5. Building Plan Approval: Before purchasing a property, it is essential to verify whether the building plan has been approved by the local authorities. This document contains details of the building’s construction plan, such as the number of floors, the area of the building, and the building’s design.
6. Completion Certificate: A completion certificate is a legal document that is issued by the local authorities after the completion of the building’s construction. It certifies that the building has been constructed as per the approved building plan, and all necessary safety measures have been implemented.
7. Power of Attorney: A power of attorney is a legal document that authorizes a person to act on behalf of another person in legal matters. It is essential to verify the power of attorney if the seller is not available in person for the property sale transaction.

In conclusion, purchasing a property in India requires several legal documents to be in place before the sale can be considered complete. It is essential to verify all the documents thoroughly to ensure that the property is free from any legal disputes or claims. It is also advisable to seek legal guidance and consult a real estate lawyer to ensure that all legal formalities are completed correctly.