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New Delhi. A very strange incident has come to light in Bengaluru, Karnataka which has shaken the property market. Here 4 claimants for the same land have come forward. The interesting thing is that all four of them are calling their names as Radha and all four are claiming that they are the wives of the original owner of the land. The matter became more complicated when the son of one of these four Radhas made a land deal with a real estate company. 1 out of 4 Radha has died. According to the news, money has been taken from the Highway Authority on behalf of 2 Radhas by claiming the land as their own. To understand how complex this matter is, you will have to read this entire report. But in such a situation the question arises that how to find out who actually had the previous ownership rights on a land. So that you do not have to face any such confusion in future.
To understand how complicated this matter is, you will have to read it completely. But in such a situation the question arises that how to find out who actually had the previous ownership rights on a land. So that you do not have to face any such confusion in future.
Verification of ownership of land or property – The title clearance report tells who is the real owner of the property being bought or sold. In this it is seen whether the ownership documents are correct or not.
Information about any old dispute or case – The report also checks whether there is any court case, family dispute or legal hassle going on on the property. Due to this the buyer should not face any further problems.
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Verification of loan or dues on property – If the land or house is mortgaged against any bank loan, then it is clearly mentioned in the report. This shows how much clearance is required before purchasing.
Checking of government approvals and certificates – It is seen whether the map, construction, land use and local body approval of the land or building is valid or not. Due to this, there is no risk of demolition in future.
Verification of Encumbrance Certificate – The details of EC are checked in the title report to ascertain whether there is any claim, encumbrance or legal encumbrance on the property. This is considered the most important document.
Confirmation of the chain of title of the previous owners – The report tells in whose names this property has been in the last several years and whether the transfer was done properly or not. This gives the complete history of ownership.
Property boundary and area verification – In this, it is checked whether the size of the land or house mentioned in the documents is actually the same on the land. There should not be any kind of area mismatch.
Tax and Duty Clearance Report – It is also seen whether property tax, water-electricity bill or society charges are outstanding. This does not suddenly create any burden on the new owner.
Risk assessment for the buyer – Ultimately this report tells whether buying the property is safe or risky. Based on the report people decide whether to buy or not.
