Sakchi Jain's Expert Insights: Essential Documents for Property Buyers

Investing in property can be a great opportunity, but it's important to make sure everything is in order before you commit. Finance expert Sakchi Jain emphasizes that checking certain documents can help you avoid legal issues down the line.

The document you need to check:

Master Plan: This document shows you the zoning of the area where your property is located. It specifies whether the area is for residential, commercial, or other purposes. Ensure that your property meets the zoning regulations.

Title Deed: This will prove that the property is yours. Remember to ensure the title deed is clear and in your name.

Encumbrance Certificate: This will indicate if there are any legal claims or debts on the property. If your certificate of encumbrance is clear, your estate is exempt from any financial obligation.

RERA Registration: If you are going to buy any property in India, check RERA. This is some kind of proof that the business is fair and that your rights as a customer are upheld.

Property Tax Receipts: This is necessary to ensure that property tax receipts are in place. It acknowledges the previous owner paid all the dues and would not raise any future issues.

Completion Certificate: This certificate confirms that the building is complete and within the parameters of regulations. Thus, it is equally important to safety and legality.

NOCs: No Objection Certificate is sometimes required by several authorities for completing work or conducting use on the property.

Khata Extract: This document is important in certain states in India. It contains details about the property, including ownership and tax information.

Occupancy Certificate: This certificate indicates that the property is ready for occupation. It is crucial for getting utility connections and for legal occupancy.

Possession Certificate: This document certifies that you have taken ownership of the property. It is important for your chances of establishing yourself as an owner.

Approved building plan: Check that the building plan is approved by local authorities. This makes the construction legal and follows the agreed terms.

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Sakchi Jain reminds us how important it is to get the basics right when buying or investing in any property. Documents like title deeds and master plans are key to protecting your investment!