Resale property documents - tips
Hello
I am planning to buy a flat in Noida, sector 137, Ajnara Dafodil whose posession is in 3 months from now. The transaction is complicated and therefore I need suggestions and Tips to be Safe and Secure-
1. The current owner will Cancel his inventory with Ajnara once he receives a Token Amount from me. Ajnara Channel Partners will be involved.
2. Ajnara will then cancel the inventory and re-book the flat in my name as a new booking at the circle rate. I will pay 20% to Ajnara.
3. Ajnara will provide the Possession letter once I Pay the remaining amount through my home loan and registry will be done after that.
4. Before I get the posession, I will pay the differential amount (Agreed Rate minus Circle rate) to the current owner.
My Questions are-
1. HOw do I verify if the papers are not fake. Or will that be Verified by Ajnara while Canceling the inventory.
2. How do I know in case the flat is mortagaged.
Overall HOw safe is the Option. My biggest concern is Fraudulent papers and Later disputes like...Someone claiming the ownership etc.
Asked 9 years ago in Property Law
Religion: Hindu