Property verification

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What is Property Verification

What is Property Verification

Buying a property can be an overwhelming experience, both financially and emotionally. Hence, it is absolutely necessary to ensure that all the legal intricacies are absolutely unambiguous so that there is no legal hassle in the future. The intricacies to be kept in check are: Legal due diligence on the property by the buyer & an inquiry into the seller’s capacity to pay; Agreement to sell and earnest money; execution of sale deed; possession, Registration and completion of payment.

Documents required for Property Verification

  • Conveyance Deed
  • Sale Deed
  • Agreement To Sell
  • GPA/Power Of Attorney
  • Will (if any)
  • Relinquishment Deed
  • Partition Deed
  • Freehold/Mutation Details etc.

BENEFITS OF PROPERTY VERIFICATION

  • Assurance that property involved in transaction is free from litigations
  • Easier to take loans against property after verification
  • Assurance that seller has right to sell the property
  • Avoiding a transaction if fake or forged documents are presented
  • The seller might try to sell the same property multiple times and fraud people which can be avoided through property verification online

What's Included

a) Generating Title Search Report of the last 13 years & Certified Copy from the Registrar / sub registrar office.

b) Verification of previous ownership documents for checking the title and rights of the seller.

c) Verification of Sales Deed for checking the title and rights of the seller.

d) Verification of Agreement to sell for checking the title and rights of the seller.

e) Verification of Conveyance deed and Will for checking the title and rights of the seller.

f) Verification of Perpetual lease deed for checking the title and rights of the seller.

g) Verify and check that the documents have been registered and appropriate stamp duty has been paid.

FAQ

If you’re a businessman taking a property on long-term lease, are purchasing a home (whether against a loan or not) or taking a loan against a property, this verification procedure is essential.
It will give you complete peace of mind to know that there are no other claimants to your property. This is a big deal, given the vast sums involved in such a transaction.
This will be done through expert property lawyers.
If all the documents are in order, property verification will take no longer than a week.

You will receive Title Search report for the past 13 years as part of this package.

Legalstartup provides the best solutions for property verification online.You can follow the steps mentioned above for online property verification online.

The list of documents mentioned above for property verification are the documents that are needed for purchase of property.

The documents required depends upon the type of business you are running as. Following below documents required for GST Registration: –

Passport Size Photograph

Aadhar card or Passport or Driving License

Pan card of business entity

Address proof of business premises 

Bank Statement or Cancel cheque or Passbook

Whenever you are buying a property, or taking it on a lease or taking a loan against property you need to do the property verification to check the authenticity of the property documents.

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