The job is not
over till the paper work is done in a proper manner. There
are several
documents required while buying a home, either a new one or a resale
flat. The fact is, there is no getting away from the paperwork.
When buying a
flat directly from a builder, you will need to deposit the documents with the finance company
that will issue the loan.
· The original
allotment letter
· The original cash
paid receipt
· A legal opinion with
respect to the property certifying that the land owner, builder or developer
has a clear marketable unencumbered title to the property and no equitable
mortgage or any other subsisting mortgage
·
The original deed
of conveyance of land conveying the undivided interest in land, common areas
and facilities along with the original agreement for construction entered into
with the builder.
·
A certificate
stating nil encumbrances for the last 13 years
·
Khata or a 7x12
extract
· A copy of the ULC
order issued by the additional collector and a competent authority
·
A copy of the
latest tax paid receipt
·
A completion
certificate
·
The sanctioned
building plan/license
If
you have bought a flat on resale, you need to have the following documents
deposited with the finance company:
·
The original
absolute sale deed executed between the vendor and the original owner
·
The original
absolute sale deed executed between the vendor and yourself
·
An NOC from the
co-operative society
·
The original
possession certificate
·
The original
Khata or 7x12 extract
·
A copy of the
latest tax paid receipt Copies of parent deeds pertaining to the property in
question
·
The sanctioned
building plan
·
An encumbrance
certificate that covers the last 13 years
·
A copy of the ULC
order issued by Additional Collector and a competent authority
·
The legal opinion
with respect to the property certifying that the land owner, builder or
developer has got clear marketable unencumbered title to the property and no
equitable mortgage or any other subsisting mortgage.
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