buying guidlines

8/3/2019 Buying Guidlines

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The legal status of the land is one of the first issues that you shouldaddressed before confirming a property. Dont make any confirmation by

paying advance before checking the legal status of the property. Beforepurchasing a property, there are a number of enquiries that need to be done

to confirm that the land has a clear and marketable title. The first thing is to

find out the tenure and legal right of the holder of the land in governmentrecords. The tenure or possession right could be freehold, leasehold or may

be held under a government grant. Freehold land is always most preferable.The seller should provide all the necessary documents to the buyer

Title DeedsFirst and foremost, check the title deed of the property which is being

purchased. Confirm whether the property is in the name of the seller and therights to sell the property lies with only him and no other person is involved

in it. Dont satisfy yourself with the copy of t he title deed. Insist on seeing

the original deed. Sometimes the seller may have taken a loan by pledgingthe original deed. It also needs checking whether the seller has permitted

any access to others through this land and whether any other fact has beenleft undisclosed by the owner of the land.It is better to get the original deed

examined by a lawyer. Along with the title deed, the buyer can also demand

to see the previous deeds of the land available with the seller.

Tax receipt and billsProperty taxes which are paid to government or municipality are a first

charge on the property. Hence, enquiries must be made in government and

municipal offices to ascertain whether all taxes have been paid up to date.

The owner should also possess the latest tax paid receipts, which you mayinspect. While investigating in different departments of the municipality, youneed to ascertain whether any notices or requisitions relating to the property

have been issued and are outstanding and not yet complied.While inspectingthe property tax receipt, it can be noted that there are two columns in the

tax receipt. Make sure that the name entered in the owner's column is

correct. The second column will be for the name of the one who paid the tax.Sometime the owner may not have the tax receipt with him, in such cases,

contact the village office with the survey number of land and confirm theoriginal owner of the land. If you are buying a house along with the

property, then the house tax receipt should also be checked. Also make surewater bills and electricity is been paid up to date and if there any is balancepayment to be made, ensure that it is made by the seller.

Encumbrance Certificate.Before purchasing the land or house, it is important to confirm that the land

does not have any legal dues. Check the Encumbrance Certificate issued by

the sub register office where the deed has been registered, stating that thesaid land does not have any legal dues and complaints.


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Pledged landSome people may have taken loan from the bank by pledging their land.

Ensure that the seller has paid back the entire amount due. Don't besatisfied with the receipt of the payment made. Release certificate issued by

the bank is necessary for all the debts over the land. You could buy a land

without the release certificate. But if you want to take a loan in future, therelease certificate is a must.

Measuring the land

It is wise to measure the land before registering property in your name.

Confirm if the measurementsof the land are accurate. You can do this with the help of a recognized

surveyor to avoid problems in thefuture. You could also take the Survey Sketch of the land from the Survey

Department and compare for

accuracy.

Check the mother deed and the sale deed.

Try to get an approved layout plan. This will help in a hassle-free sale of your land infuture.

Never sign any document without completely reading and understanding it. It is alwaysimportant to have the copies of the original title deed.

Team, I'm in search of residential plot but I'm confused to understand theterminologies. Can you please help me understand DC Converted site, AKhata site, B Khata site, BDA vs BBMP site etc ..... out of these, which is thebest or safe thing to buy?Even though it is difficult to explain every thing in nutshell, let me try: 1. DCconverted land in Karnataka means Non Agriculture permission obtainedland for residential or other purpose from and by DEPUTY COMMISSIONER(DC). 2. A KHATA of a property isjust the certificate of property issued by revenue department with details ofownership & annual tax liability. 3. B KHATA is nothing but Bogus khata,Read as: There is no provision under the KMC Act to issue B khata.Because an illegal property is listed in the B register, the Palike devised on

its own a B khata, OR " B register listing properties that are illegal as perthe KMC Act." 4. BDA stands for Banglore Development Authority and BBMPstands for Bruhad Bangaluru Mahanagar Palike. 5. Please check latestupdates from any local expert. 6. Any property with latest sanctioned plan ofBBMP with A Khata should be safe to buy, but advised to get cheked by alawyer


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Recently in Bangalore I made an agreement with the seller of anewly constructed house property on plot 30x40. Owner says it is a"A" Khata property and all necessary documents are in place. Thebank in which I applied for loan asked documents (1) Endorsementunder section 79(a) and (b) of KLR Act of Survey number XX/X, XX/X

is the survey number under which the property comes. (2)Judgement and decree in O.S No XXX/XX, O.S here might be order ofstay (3) MR 6/2003-04. Question 1--> Seller is not ready to provide(1) and (2) above. What are these legal documents and how itaffects even if I buy by taking loan from bank which does not botherabout these. What will be issue if I try to sell the property in future.Question 2--> Seller mentioned the property is on plot 30x40 plotareabut in actual it is on 29x42 will there be any issue in future when Itry to sell the property ?. Asked by: Ishwarappa Ishwarappa (Fresher)30/09/2011 10:13:38 PM , in Buy Residential Property, Bangalore,

Ramamurthi Nagar1. Section 79A & B endorsement U/KLR Act, 1961: These are issued byTahsildar.These endorsement certifies that there no cases pending againstthe person owning the agriculture land / property. Secondly Courts havebeen issuing stay orders for many such lands which were in greenbelt/encroachments over governmental land etc. 2. The Bank is verifying (onyour behalf !!) for any such litigation over the land for its Title. If you wish toinvest your life time savings to be safe, hassle-free and marketable, thenfollow the bank's advice. 2. You may get loan from other bank who may passon the loan without such checks, but shall ask you to clear these defects(ifnoticed afterwards) at your costs and responsibility. 3. Requested to get

verified the documents from any well versed local lawyer personally.

I looked at a residential gated community project in bommasandra-jigani link road. Its Celebrity galaxy annexe. They say it is BMRDAapproved with B Katha. What does this mean ?. Is it safe to buy ?.Its also approved by LIC Housing FinanceAsked by: Nabil (Fresher) 30/09/2011 12:44:55 PM , in Buy ResidentialProperty, Bangalore, Electronic City As on today you shall not get approval ofbuilding plan by BDA on sites having B khata. Advised to consult any locallawyer or wait for high court's order on AKARMA SAKARMA expected nextmonth.

1.Conversion land in BBMP region means the revenue land or agriculturalland permitted to be used for residential purpose by Deputy Commissioner,DC, also known as DC converted locally. It was recorded in B Khata. Whilerevenue land is second name for Agricultural land. 2. You cannot purchaseany agricultural land unless you are farmer. Even after that you will have toconvert it to NA for house building, which it self is a tedious process forcommon man. So, for residential purpose its always advisable to buy land


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with 'A khata'. 3. For the title of any agricultural land you can look for 7/12extract along with changes in 6/12 extract and search report from revenueoffice for last 25 years.

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