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Buying an Apartment – What Documents Do You Need?

by SA Homes, Posted on

Buying your dream apartment in Palakkad, should be a memorable experience. It may be the most expensive investment in your life and therefore the legal aspects of the deal must be handled with utmost care.

You may be looking up apartments for sale in Palakkad, and you find your dream home in the apartment in Kalpathy locality! Before you buy the property, it is very important that you have all the legal details of the agreements covered.

What documents do you need?

  • Title deed/check for evidence of ownership.The title deed is the legal document that provides evidence of ownership of the property. Insist on seeing the original copy.
  • Mother deed: This is an important document that traces the origin/antecedent ownership of the property. Mother Deed includes the change in ownership of the property, be it through sale, partition, gift or inheritance. It is important that ownership references are in a sequence and not broken. This deed comes in handy during further sale of the property.
  • Building plan approval: The building plan has to be approved before the commencement of construction, else the building could be considered illegal. The building plan is generally sanctioned by the jurisdictional commissioner or other authorized personnel.
  • Commencement Certificates: This certificate is issued by the local authorities after inspection of the site. The document affirms that the building plan meets the given criteria.
  • Completion Certificates in case of completed projects.This document is very important at the time of purchasing property and seeking a home loan.
  • Paid tax receipts: It is important that the builder/seller has paid all the taxes to the concerned authority. This is very important because any outstanding payment can become a legal liability.
  • Occupancy Certificate: When the developer applies for this certificate, an inspection is carried out by the authorities to ensure that the construction meets all the specified norms, after which the certificate is issued. This certificate is obtained after the completion of the construction.
  • Encumbrance Certificate: It is essential to know that the land has no legal dues, this can be checked by going through the Encumbrance Certificate.
  • Others: water supply and power related documents must be checked. Documents stating regular supply of water and electricity is important.

It is best if you have a lawyer go through the sale deed, khata certificates and the power of attorney before you buy the Apartments.

Happy property hunting!

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