Overview
When purchasing a property, it is very important to ensure that there are no legal issues related to that property. With the development of the real estate industry, the rate of property disputes has risen as well. Many other important concerns may arise in your mind as a home buyer or seller, especially if you are a new home buyer or seller, including but not limited to, “ How to verify whether the property is legal or not through the internet?”, “Is there a chance where I can go for my documents verification regarding property online?”, “How does legal property verification work?” and many other questions of the same category.
While conversing with someone about Dream Location, this discussion will shed light on how to perform Legal Verification of Property and in particular how to carry out the verification process. You’ll find properties in which you will understand: all the necessary documents for property verification; how does one conduct property verification, what are the important steps to dependent verification of a property, when do high quality posts appear online and how do you or anyone else verify them, etc. Let’s check it out.
Underlying Principles: Title Verification Process of Property
Title verification of the property is an integral part of the property purchasing process. Here are some of the purposes of conducting verification of the properties held legally:
Minimizing Legal Problems
The inability to acquire all the required documentations in order to execute the necessary transactions pertaining to the real estate can turn into worst turn of events and entangle one in numerous dealings with the court. Many undisclosed issues revolving ownership of a piece of land, its extremely complicated titles or unpaid mortgages can range from expensive court cases threatening the transfer of ownership and even resulting in loss of funds.
Establishing Scope of Ownership
Real estate deals are aimed at owning the property, in this regard the papers for the estate are endorsed. This type of validation gives an assurance to the buyers that the estate they are attempting to buy is genuine and that the property is not disputed hence putting aside any chances of the buyer suffering a loss.
Financing Allotted to their Limitations
Encumbrances are additional factors concerning ownership over there being a mortgage, sell of share or even a lease on the estate. As a result these encumbrances may be a hindrance to the successful outcome of your plans regarding the estate and also add additional cost. All of these constraints are dealt with in the verification process thus enabling you to make informed.
Profit Marking Debt Free Investment
Purchasing a piece of real estate is expensive, occupies a large amount of funds and should be calculated carefully. Risk exposure is avoided, thus the reason why one can fund a transaction while being confident utilizing the verification process.
Taking Care of Mortgages and Loans
When it comes to giving out loans, the financial institutions and lenders are after clean titles and legal clearance on property. This is because a legal verification that has been completed confirms the procedure and guarantees that you can have various sources of funding relatively easily.
Documentation required
To start with, the first step is to understand the focus of this process of assessment, which is verifying property documents in understanding the legal status of the property. Hence, it is appropriate to dwell onto the listing of documents required for legal verification of property and its verification.
These are the essential documents you need for verifying the property:
- Mother Deed (Title Deed/Sale Deed)
- Mutation Certificate
- Encumbrance Certificate
- Property Tax Receipts
- Conversion Certificate (NA Order)
- Local Authority Approval (Commencement Certificate)
- Building Approval Plan
- Occupancy Certificate (Completion Certificate)
- No Objection Certificate (NOC)
- Power of Attorney (if needed, for example, when landlord is a NRI)
- Joint Development Agreement
Process to Follow for Property Document Verification Online
As a result of the rise of digital technologies, verification of property documents online is becoming an easier and a more available process. Indian citizens can now search for property information online without having to pay a lawyer although an attorney can often assist in spotting mistakes or red flags. In order to know how to check property legality over the internet and verify property documents, here are the steps:
Step 1: Go to the Government Portal of the State You Reside In
The first thing you need to do is visit the website of the respective state government department. Bring in the online platform that is relevant to your region since different states have different online platforms on offer.
For instance, the MeeBhoomi portal for Andhra Pradesh, the Bhoomi Online portal for Karnataka, and the e-Dharti Geo Portal for Delhi can be provided.
Step 2: Search Records of Property
Under the heading, “Records of Properties,” click on the tab which I think is provided. The records of every property in India are updated and maintained on the internet. Normally, you might be asked to give some details of the property like the district, zone or circle, village, or property ID number.
Step 3: See Property Details
Once you have entered the relevant information, you may then obtain property specifics. Some of the specifics include the property’s location, its area in square feet, its estimated value, and any mortgages that would be on or against the property.
Step 4: Verify Property Ownership
Cross-check that the owner’s name for that property in the listing provided by the website matches the name of the seller that you are dealing with. This ensures that the seller is in fact the legal owner of that property.
Step 5: Verify for Encumbrances
Ensure that you purchase outright and without any obligation, such as an outstanding loan or even a mortgage on the property. The buying procedure could become complicated if the properties being purchased are all tied to debts.
Step 6: Save and Download
If it doesn’t breach any regulations, grab a copy of the property records from the website. This might prove useful in the future when dealing with the transaction as well as for the full-fledged legal examination of the property.
What is the Right Time For Property Verification?
Here are a few instances where property verification is through in order to ensure a seamless and safe transaction:
Ensure Document Validation Prior to Purchasing Real Estate
This is the most typical case that will require property verification. However, before purchasing the property, it should be confirmed that the seller is the genuine owner of the property, there is no encumbrance on it, and other such formalities checking law compliance are done.
Check Property Records Prior To Applying For A Loan
Before availing the home loan, such financial brands supply verification of the property so that they know that the property is valid and strengthens their backing of the loan amount.
Check Property Records Before Rental or Lease Agreement
All records of the property are substantial for verification purposes prior to renting or leasing out a property so that the legal ownership is confirmed and no legal issues arise.
Check the Property Documents When There Is An Inherited Estate
Document verification in inheritance property is a good idea to do in order to ascertain that the estate has no legal issues.
What is a Legal and Technical Verification of Property?
To be able to assess and even purchase a particular property, legal and technical verifications come in handy. These verifications facilitate the transactions and make the property once again legally and technically applicable. Key components of each can be analyzed as follows:
| Legal Verification | Technical Verification |
|---|---|
| Title Deed Investigation | Site Assessment |
| Aim: To confirm legal ownership over the property. | Aim: to check areas where the building will be constructed. |
| Methods: Verification of title deed and any applicable encumbrances. | Methods: take the inactive survey on parcel site. |
| Land use regulations and zoning laws | Boundary and geometric developments |
| Aim: To ascertain compliance with zoning laws. | Aim: To ensure that the correct boundary measurement is provided. |
| Methods: Look into the local zoning laws. | Methods: Employ a survey expert to gauge the land. |
| Restriction Certificate | Stability of the building |
| Aim: To ascertain absence of claim on the asset. | Aim: To ascertaining condition of the structure. |
| Methods: Get the encumbrance certificate. | Methods: Conduct physical assessment of the structure. |
| Pending Payments and Loans | Systems of Water Supply and Sewerage |
| Aim: That there are no outstanding obligations. | Aim: To ascertain the existence of the water and sewage systems. |
| Methods: Follow the outstanding loan balances. | Methods: Check the pipes, sources and drainage. |
| Permits and Approvals concerning the planned works | Electrical and Plumbing Works | | Aim: Verify all needed approvals are possessed. | Aim: Risks and hazards mitigation. | | Procedure: Review and cross-check building plans etc. | Procedure: Examine electrical wiring systems and plumbing fixtures . | | Mutation Record Verification | Environmental Assessment | | Aim: Clear evidence of changes made, are on the record. | Aim: Evaluate how the property is going to impact the environment | | Procedure: Verify the appropriate records in the interested municipality | Procedure: Identify any possible environmental issues that may arise | | Power of Attorney Verification | Possession and Occupation Certificate | | Aim: The role of power of attorney is understood and legally binding. | Aim: Validate possession and occupation certificates. | | Procedure: Assessment of the power of attorney document. | Procedure: Look for certificates from appropriate local offices on the issue. | Both legal and technical verifications are a must step for completion of the whole property buying process. They enable the buyer to fully understand the site, both the legal and technical aspects of the property. It is advisable to engage experienced professionals like legal advisors, surveyors, inspectors to carry out the needed verifications.
Conclusion
Let’s not kid ourselves here, using a lawyer to check the property is essential otherwise you risk losing a lot of money and you also ensure that the entire process is by the book. However, The process of how to get a house has become a lot of easier and doable without having a lawyer at hand considering the various options available for document verification online.
Don’t gamble your investments—use your official online verification service to check your property today and start your real estate journey with Dream Location!