Post by norrisnoel on Feb 22, 2012 1:23:55 GMT -5
Before buying land you need to prepare and submit many documents. A sale agreement is a certificate by which the title of property is transmitted by the seller to the purchaser. Here, transference is the act of transferring the ownership of the property from a seller to the buyer. This document will help you determine whether the property, which you are buying, is on land belonging to the society/ builder/development authority in which the property is positioned. Property taxes, which are due to the government or municipality, are a first charge on the property and, therefore, enquiries must next be made in government and municipal offices to determine whether all taxes have been paid up to date. Before buying any land or house, it is important to verify that the land does not have any legal dues. It is advisable to calculate the land previous to registering the land in your name. Then you need to provide an advance and write an agreement. This make sure that the proprietor does not alter his word concerning the cost as well as make a sale to someone else who offers more money. Stamp Duty is tax must be paid in full and on time. Registration is the procedure of recording a copy of a document, moving the title in fixed property to the office of the Registrar. It acts as proof that a transaction has taken place. The whole legal procedure of buying the property will be complete only if the new owners name is added in the village office records. All these procedure must be carried out before buying a land in Chennai.