1. Sale Deed
The Sales Deed is an important document representing in writing the transferring of ownership of the property from the seller to the buyer, which, under the Registration Act, has to be duly registered with the local authorities of Raipur. It evidences the sale, and without it, such sale cannot be proved to have taken place. This document makes the selling and buying of the property requisite.
Why It Matters: It's the legal proof of ownership for the buyer, and without it, the property sale isn't valid.
2. Title Deed
The Title Deed establishes the fact that the seller is the rightful owner and has the right to sell his property. It verifies that no court cases or disputes are attached with the concerned property. This document should always be scrutinized with the help of a legal expert or real estate agent in Raipur to avoid any complications.
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Why It Matters: Ensures the title of the property you are buying is marketable and free of any litigation or legal encumbrance.
3. Encumbrance Certificate
An Encumbrance Certificate ensures that your property is not burdened with any financial obligations, unpaid loans, or disputes arising in court. This paper serves as prime importance to buyers because it ensures no dues are pending against the property.
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Why It Matters: Protects buyers against any hidden financial burdens attached to the building.
4. Building Plan Sanction
If you are buying a completely new house or an under-construction property in Raipur, ensure that the building has all the necessary approvals from the local municipal authority. This will also involve the sanctioned plan, assuring that the building is not in violation of the local building regulations and zoning laws.
Why It Matters: Ensures that the construction is within the law, saving the owner from penalties or orders for demolition in the future.
5. Sale Agreement
The conditions of sale between the buyer and the seller are brought down in this agreement. This includes but is not limited to things like the price of sale, payment plan, and the date of possession.
Why It Matters: Both parties are legally bound through this agreement to the transaction, saying each terms clearly to avoid discrepancies later on.
6. Property Tax Receipts
The buyer must make sure that the seller has paid all property taxes that are due. Property tax receipts show that the property has no dues pending towards the local government. This is important for buyers and sellers so that the transaction remains clean.
Why It Matters: Ensures there are no pending property taxes, which could lead to future financial or legal issues.
7. NOC (No Objection Certificate)
While transferring ownership in Raipur, NOC is to be sought for everything from the water board, electricity department, and local municipality. Indeed, the sellers have to procure these NOCs before the actual and legal transfer of property.
Why It Matters: Averts future complications regarding basic services and verifies that there are no legal objections to the sale.
The Plan for Seamless Transaction
Therefore, proper documentation will save you from legal complications and delays in Raipur’s property-buying or selling process. Coordinating with a well-reputed estate consultant or legal adviser will ease the property buying and selling process by ensuring that all papers are duly scanned and submitted. Whether selling or buying, the right support will make the entire process smooth and hassle-free.
Want professional assistance to execute any kind of property transaction in Raipur? Our real estate agents will ensure you can handle all kinds of legalities smoothly and make buying or selling hassle-free. Contact us now to get started!