A few months back, I was able to sell my property located in the Hebbala region of Bangalore. I can share the list of documents required to sell property in Bangalore. Having these documents on hand validates the property's legal existence and shows that you genuinely intend to sell it.
What is the List of Documents Required to Sell Property in Bangalore?
Here is a comprehensive list of essential documents,
Sale deed: The sale and subsequent transfer of property title from the seller to the buyer are officially documented by a sale deed, which is an essential legal document.
Encumbrance certificate: This document attests to the fact that the property is free of debt, including mortgages.
Khata Certificate: The Khata Certificate includes vital property data, such as built-up areas, measurements, and tax information. It establishes the tax liability and legitimate owner of the property. This certificate is mostly relevant in the State of Karnataka. There are two possible Khatas: A and B.
Mutation Register Extract: After registering a property in your name, obtaining a Mutation Register Extract is an important step to take into consideration. In government records, mutation denotes the formal transfer of property ownership.
Power of Attorney, or POA: When the property owner is not present or cannot handle their property management, they must obtain a Power of Attorney, or POA.
A Completion Certificate: This is evidence that your property was built strictly following the authorized building plan, verified by the appropriate authorities.
Occupancy Certificate: After a construction project is finished, local government agencies or planning organizations issue an occupancy certificate. It means that the building is completely prepared for ownership and safe for habitation.
Property Tax Receipts and Utility Bills: Ensure you have copies of the payment receipts for any previous utility bills, stamp duty, property taxes, and registration. These receipts, which attest to the lack of outstanding debts, are sometimes needed to apply for a home loan.
No-Objection Certificates (NOCs): Builders often need NOCs before starting construction from a variety of government agencies, including Fire and Safety and Pollution Control Boards.
Succession Certificate (if applicable): A civil court issues a Succession Certificate if you are selling property that was inherited. It formally recognizes your right to sell the property and receive the proceeds as the heir. This is especially important in cases where the property owner has died intestate, meaning they left no will.
Patta: A patta, which can be obtained from the Tahsildar's office, is a legal document issued in the name of the real owner of the property.
Bank Approvals (in case of outstanding home loans)
Having these documents in order will facilitate a hassle-free sale process and ensure legal compliance. It's also advisable to consult with a legal expert to verify the completeness and accuracy of the documentation.
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What are the Documents Required to Sell Property in Bangalore?
Sunny
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1 Answers
6 months
2024-07-02T13:46:44+00:00 2024-07-08T21:34:28+00:00Comment
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