Buying property? Read this legal checklist so you don’t regret it later!

New Delhi. Buying property is not just a matter of money but also of legal responsibility. Many such properties are being sold in the market whose ownership, map or registry is not clear. In such cases, the buyer may have to face big problems later. Therefore, before buying, it is important to ensure that the property you are investing in is legally valid and dispute-free.

Verification of ownership and documents
The first step is to check the title deed (ownership document). This document tells who is the real owner of the property. Apart from this, Encumbrance Certificate shows that there is no debt or legal restriction on the property. Also, it is important to see that the builder or seller has not taken any mortgage on the property.

Map, approval and RERA registration
Before buying a property, also check whether its building plan and layout is approved by the local authority or not. Many times builders construct without permission, which may later lead to demolition of the property. If the project is new, ensure that it is registered with RERA (Real Estate Regulatory Authority). RERA registration guarantees security and transparency to the buyer.

Registry, tax and possession confirmation
Once you have checked all the documents, also verify the property registry and tax records. It is important to see that there are no house taxes or municipal dues outstanding on the property. Also, get a possession letter and sale deed registered in your name at the time of possession. Before making the final payment, take the help of a lawyer or legal advisor, so that there is no possibility of any dispute or fraud in future. This legal checklist not only assures you of a safe purchase, but also ensures that your dream home does not get embroiled in any dispute. With a little care you can make your investment completely safe.