Frequently asked questions

A few checkpoints to ask the seller before buying any plot will help in making a much-informed decision.

 

  • What is the actual land value in the locality?
  • Look for happenings and highlights of the venture and location
  • Check the location of the plot as per government records
  • What official documents are available?
  • Does the plot fall under farm/agricultural land? Ask for related documents

A few checkpoints to ask the seller before buying any plot will help in making a much-informed decision.

 

  • What is the actual land value in the locality?
  • Look for happenings and highlights of the venture and location
  • Check the location of the plot as per government records
  • What official documents are available?
  • Does the plot fall under farm/agricultural land? Ask for related documents

  1. Know the venture & location: Talk to the executive about the location, area of the venture, available sizes of the plots, venture highlights, and cost etc.
  2. Physical site verification: Opt for the company’s free site visit and ensure that the information provided on the advertisement is true, including distance from the main road, development status of the venture, and monitor the transportation system.
  3. Documentation verification: Collect all the photocopies of legal documents from the company and get them verified by the professional lawyer.
  4. Token amount for booking: Pay the advance amount and book your plot that you selected. Collect the receipt of payment and this amount will be deducted from the original amount during the registration process.
  5. Registration:
  6. Owing the plot: After registering, the buyer should get the title changed to their name and also apply for the mutation of the title along with the copy of the final sale deed at the office of the registrar.

A few factors need to be kept in mind before buying a plot: location, the value of the plot, the total size of the plot and land, builder verification, title deed verification, and necessary approvals from the respective local bodies.

  • Sale agreement
  • Encumbrance certificate
  • NOC
  • Allotment letter
  • No dues certificate
  • Land-use Certificate / Conversion Order
  • Payment receipts
  • Stamp duty receipts

Ensure you have the originals and photocopies of these documents at the time of  possession.

Project approvals can be confirmed by the corporation or the sanctioning authority's office, while ownership documents can be obtained from the Sub Registrar. Share certificates can be obtained from society itself.

  • Sale deed
  • Encumbrance certificate
  • Tax payment receipts
  • Loan clearance document
  • NOCs
  • Possession certificate
  • Conversion order
  • Building plan (in case of a constructed building)
  • Occupancy certificate (in case of a constructed building)

  • Title deed
  • Mother deed
  • NOCs and intimation of disapprovals
  • Commencement certificate
  • Approved layout plans
  • Encumbrance certificate
  • Purchase agreement
  • Occupancy certificate

A POA allows you to appoint someone you trust to make decisions or take actions on your behalf if you become incapacitated and unable to make decisions for yourself. A POA is a legal document that gives someone else the authority to make decisions on your behalf. If you become incapacitated, the person you appoint will be able to make decisions about your property, finances, business, and medical care.

No, because home loans are applicable only for properties that are constructed, under construction, or likely to undergo construction soon. However, to buy a plot, opt for a land loan.

The market value of a property is calculated by the stamp duty authorities using a Stamp Duty Ready Reckoner. This document is issued on the first of January each year and the charges are set by the state government. Few factors like property age, agricultural/non-agricultural classification, rural/urban classification, etc., determine the cost of the property.

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