In case you are going to purchase a resale property then you have to pay attention to some advice that is mentioned below:
1. During the resale of the property, the document requirement will be as same as that required during the primary sale of the property. It should be ensured that the seller is having an original copy of all the required documents.
2. Before buying the resale flat you should get the documents related to the property to be verified by a competent person. As a buyer you should also talk to the builder of that property.
3. As a buyer of a resale property you should be aware that the property transfer from the seller to your name and re-registration are necessary in case of purchase of any resale.
4. In case if you are buying an apartment in a society, the original sale deed and the society share certificate will be needed. In the sub registrar's office, along with the sale deed, a letter from the society mentioning the details about the number of floors in the building, its construction year, and the relevant information such as built-up area, etc.
5. It is necessary to check whether the seller is the true owner of the property or not. In case if the ownership of the property has changed multiple times then the buyer should seek clear ownership history of that resale property.
6. As a buyer of the resale property you should ensure that the seller doesn't have any dues pending against the house which you may have to pay later.
7. An assessment bill is also required to be submitted in the society issued by the local civic body.
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Authors Of The Question
Need legal advice on purchase of resale property
Apeksha
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1 Answers
4 Year
2020-12-05T03:45:12+00:00 2021-03-09T18:02:18+00:00Comment
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