Dear Sir,
My answers are as follows:
1. Which one is legally safe a. Buying a flat of landowner entitlement or b. Buying a flat of builders and developers entitlement?
Ans: Always prefer to buy flat of landowner entitlement because if any problem arise you can trace out the land owner but builder will close down his office abscond after project is over.
2.what are all the documents necessarily need to be checked for purchasing land owner entitled flat and builder entitled flat?
Answ: The list is five below. You are advised to purchase in the name of wife to get more wife if you did not suspect her bonafides.
2. I am purchasing a 3 bhk flat in chandapura to anekal road bangalore, what is per square feet cost of this area currently approx value please?
Ans: This cannot be predicted as it depends upon various factors and facilities provided.
4.how to check the lifetime of an appartment? That will be available in any legal documents?
Ans: You must get all the documents from the vendor and get cross checked in the Sub Registrar Office and also get legal opinion from the Advocate.
5. On what basis the life time of the appartment is fixed? What is the government rules and norms for demoishing an appartment? People are saying appartment lifetime is 30 years is it true?
Ans: Don’t worry, by that time law changes many times.
6. Kindly give me opinion or critics about India infoline finance limited?
Ans: It cannot be, you can check online.
7. For a RERA approved project if builder not completed the project within stated time what will be the penalty buider pays to buyer?
Ans: 10% penalty as per RERA rules.
8. Does a lawyer's opinion letter will help me in future infringement litigations? or to make the opinion about the property more stronger i can go for any aggrement signing with lawyer?
Ans: It is only opinion it cannot bind the lawyer because the vendor never share originals with the lawyer.
9. What is this credit linked subsidy sheme under pradan mantri awas yojana scheme?
Ans: You may please check with concerned government authorities.
10. What is the document specifically need to be verified to see whether the land or property is SC Grant land or not?
Ans: Those documents will be provided by the vendor, Without NOC from the Asst. Commissioner, agricultural land cannot be converted into non=agricultural land.
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1. Title Deed
This is a type of document that typically outlines the chain of ownership of the respective property. It provides full right to the owner to claim the absolute ownership over the property. While buying the property, check if it belongs to the respective seller. Check the deed thoroughly, and if have no knowledge about it you can seek help of a property agent. If the title of the property isn't in the name of the seller, then legally the property shouldn't be purchased unless the consent from the real owner.
2. Sanctioned Building Plan
Every developer at the start of the construction has to get the approval from local planning authorities. The developer has to submit the required documents for the sanctioned plan approval. So when you hunt for a residential apartment, do check if the developer agrees to present the sanctioned plan, if not then the construction is termed as illegal.
3. Completion/Occupancy Certificate
This is yet another essential document the developer of the property has to submit to the buyer. Municipal authorities issue the Completion Certificate (CC) after the completion of the project. Occupancy Certificate (OC) is issued by the local government agency after the inspection and states safe for the residents. These documents are an important part of the home loan and should be in your checklist.
4. Tax Receipt
The property owner has to present you with the legal tax pay receipt failing to which the government is authorised to impose a penalty of certain percent every month on the property buyer. So do make sure to check if the existing property owner has completed the tax regime.
5. Encumbrance Certificate
It is a document issues by the sub-registrar to check if there is any encumbrance on the property like mortgage, charges, etc. The sub-registrar issues the certificate with complete details about the legal dues pertaining to the property. It is important for the property buyer to check whether the property is under mortgage or loan.
6. Mother Deed
This document is needed when you buy a resale property. This is the parent document tracing the ownership right from the start. There are situations where the owner may do some fraud activity by undertaking the ownership of the property illegally, which will certainly effect your investment.
7. Power of Attorney
This is an important document when buying a property. It is required to know if the seller has complete right over the property and selling it. You can even check with the real owner to have a check over the enforcing of power of attorney to the seller.
8. Mutation Document:
This document contains all the details about the property including the name of the owner, property size, location, and other important information. It is issued by the municipal authority in the name of the present owner.