Property Buying Guidelines |
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Documents pertaining to Flats |
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For premises being purchased in a registered co-operative society - When one sets out to purchase a flat in a registered co-operative society the documents that need to be checked initially are
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The share certificate issued by that society in favour of the owner. This would ensure that the owner is recognized by the society.
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Previous chain of original conveyance/sale deeds. If the deed has been lodged for registration, then one should ask for the certified true copies of such conveyance, sale deeds, etc along with the original receipt of the Sub-Registrar where the document has been lodged for registration. c. Original stamped receipts for payments made to the previous sellers.
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For premises being purchased in society which has not been registered - In this case the following documents would be required to be checked |
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Previous chain of agreements with past owners in original with original receipt of registration(if any)/original letter of allotment issued to the first owner by the development authority. In case the latest agreement is pending registration the original receipt issued by the sub-registrar acknowledging the pending registration needs to be taken along with a certified true copy of that agreement.
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Original stamped receipts of payments issued to the previous and present owners by the builder/development authority/society.
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Transfer permission from the respective authority i.e. development authority/society. Copy of approved plan & occupation certificate issued by competent authority (like the Municipal Corporation)
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