28/02/2018
Things To Check Before You Buy A Property In Wayanad (Kerala)
People invest their entire lifetime savings in buying property hence it is important to get property documents verified and checked before purchasing the property and secure themselves from risk of fraud, defective title and fraudulent documents.
A buyer should exercise utmost caution while buying property in Wayanad, be it for residential or commercial interests. Before buying a land, a number of checks need to be done to confirm that the land has a clear and marketable title.
1. Sale Deed - Title Deed
This is a deed document executed by seller and buyer. By this, the title of property is \'conveyed\' by the seller to the purchaser. Conveyance is the act of transferring ownership of the property from a seller to the buyer. The first step is to see the title deed of the land which you are going to buy. Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person.
2. Mother Deeds
Mother deed an important document tracing history of ownership. Property changes hands through a series of transactions. It is very important to trace the ownership of a property, especially when it is either being purchased or is being offered as a security.
Mother deed acts as the main legal document and evidence of ownership of a property. It also acts as the main document for further sale by the buyer as it establishes proof of his ownership. This is the document that traces the origin of property as well as all other relevant conveyance deeds. A property generally changes hands by various modes like sale, gift, partition, and inheritance. Each change of ownership has to be traced with the help of a transfer document. The sequence should be in chronological order, continuous and unbroken. Any missing link has to be carefully scrutinized by referring to the records at registering offices, revenue records and recitals in other documents, and if possible, by ascertaining from the parties concerned. The flow should be traced up to the present owner. The right of each intermediate owner to transfer the property should be thoroughly checked.
3. Latest Tax receipt
These would ensure that the taxes have been paid until the date of sale. You must make sure that you ask your seller for the latest original receipts in order to check the details of owner’s name along with the tax payer’s name and date of payment. If your seller does not have the tax receipts, you are allowed to contact the municipal body by using survey number of the property in order to confirm the ownership.
4. Possession certificate
The Possession Certificate will prove the present possession of the property concerned as on date. On verifying the relevant documents and site inspection of the applicant by the Village Officer, he will certify with his signature and office seal.
5. Non Attachment certificate
Certified that the land shown in the schedule below is in the possession and enjoyment of the person as detailed above and it is not under any other attachments. This certificate contains Taluk, Village, Old Survey Number, Resurvey Block Number, Re Survey Number, Extend of Land, Thandapper Number, Class of Land, Date of issue of certificate.
6. Encumbrance certificate
An encumbrance certificate is an important document that helps you verify whether the immovable property you plan to buy is free from claims such as loans, leases, unpaid debts, etc. The Sub-Registrar’s office issues the encumbrance certificate after verification of the relevant property documents, and it certifies all the transactions made on the property for the time period you specify. It is important that you get the encumbrance certificate (for a period of at least 30 years) before you enter into an agreement for the sale.
7. Location Sketch of the property
It shows the area of location of the requested property. It contains distance from main station and if any subway the distance from main road to the property .etc...The land mark of the property, boundaries of the property, measurement of the property, if there is any building or house the detailed description of the same will be mentioned in the location map.
8. Basic Tax Reciept
This document issued by the concerned land authorities contains details like survey numbers, area, and date - from which current owner is registered as owner and Is the mutation effected or not in his name .Sometime the owner may not have the tax receipt with him, in such cases, contact the village office with the survey no. of the land and confirm the original owner of the land
9. Measurement of the Land
It is always advised to precisely measure the area before getting the land registered. You should ensure that the taken measurements are accurate and precise. A recognized surveyor will help you in this process.
After all these initial checks are made you can go about the actual process of buying the land.
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