A possession certificate or a letter of possession is a legal document stating that the seller has transferred the rights of ownership over the property to the buyer after payment of a certain amount as decided between the two. The certificate is issued by the Revenue Officer of the state or Tehsildar upon careful inspection and verification usually within 30 days of the submission of application if everything goes well. The possession certificate can be used to get a home loan from the bank.
Now that you know what is possession certificate, here are the details that are enclosed in it.
1.Declaration of property transfer from seller to the buyer
2.Signatures of both the parties
3.Details of the property including additional information such as parking, garage, swimming pool area, etc.
4.Date of possession
For those wondering how to get possession certificate, here is a detailed description of the process and documents required.
1.Visit the land revenue office or their official website to obtain an application form for possession certificate.
2.Fill out the form carefully and attach the documents required along with it
3.Submit the application form and documents at the concerned office
4.Take the acknowledgement receipt from the officers which will have your application number.
5.The revenue department officers will carefully inspect the details and property. If everything goes well, they will give you the possession certificate within 30 days of submitting the application.
The list of documents to be submitted along with the application form are:
1.Sale deed agreement
2.Government approved Id cards
3.Certificate of encumbrance
4.Registered sale agreement
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The Possession Certificate meaning is a legal document issued by the local municipal authority or governing body that confirms the lawful possession of a property by its owner. It serves as proof that the property is in the possession of the individual or entity mentioned in the certificate.
What is the Property Possession Certificate?
The Possession Certificate is an important document used in various official and legal transactions related to the property.
Possession Certificates are typically issued by the local municipal corporation, panchayat, or other relevant authorities responsible for maintaining property records in a specific area.
These certificates are often required for a variety of purposes, including applying for utility connections (such as water or electricity), obtaining building permits, availing loans against the property, and during property transactions such as sale or lease agreements.
The Possession Certificate typically contains details such as the property owner's name, address, property description (such as plot or survey number), and confirmation of possession status.
Before issuing a Possession Certificate, the authorities may verify the ownership and possession status of the property through records maintained by the revenue department, land registry, or other relevant sources.
The validity period of this Certificate may vary depending on the local regulations and the purpose for which it is obtained. In some cases, it may need to be renewed or updated periodically.
To obtain a Possession Certificate, property owners or applicants typically need to submit an application along with supporting documents such as property title deeds, identity proof, address proof, and any other documents required by the issuing authority.
This is the complete possession certificate meaning.
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What is a Possession Certificate?
Tamanna Kesarwani
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2021-03-10T14:36:54+00:00 2021-03-10T14:42:14+00:00Comment
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