Is your ‘gonna-buy’ property docs legally verified?


With growing encroachment drive in Bangalore how do you verify that your property is safe?

if you are buying a new property how do you verify the title is good and free from all encumbrances?

ideally I have less contacts with property lawyer and it was taking Himalayan effort to verify each and every document

on my own. so here is what i did.

 

visit http://zippserv.com/

choose a service for legal verification.

choose a lawyer (you can get recommendations over phone also for which lawyer to be selected)

place an order.

zippserv

now you will need to submit the documents. so you can initiate the shipment where the documents are collected at your doorstep

and submitted to the lawyer for verification

 

you would get a written opinion on the property docs verified and get all your queries clarified.

 

here are my experiences

 

very neat process. you don’t find a necessity to go for a visit at lawyer’s place.

queries are clarified in a good way. experienced lawyers. I got this done for 5000 INR.

although they say it takes 10 days. for me it took 20+ days as they came up with missing documents from developers to be submitted and I had to submit them again. But still I was in no hurry and gave lawyer his time to evaluate the documents thoroughly.

builders do try to follow up on you and tell you to speed up the process, I say better wait for a while than regret later upon any faults. Although you should have a word with lawyer to get the status and check if everything looks fine on whatever they have verified.

you can even opt for sale agreement review at an additional cost.

Complete process is hassle free as lawyers put in all their experience in safeguarding your value for money

here are the recommendations I got by the lawyer as a checklist of documents when you buy property

  1. RTC Extracts
  2. Full copy of commencement certificate,
  3. Encumbrance Certificate till date
  4. Layout Plan
  5. Sites release order from competent authority
  6. E-Katha
  7. Tax paid receipts
  8. Endorsement regarding 7A,
  9. Endorsement regarding PTCL
  10. GIFT DEED if any

 

there are many, but these are basic documents to be checked. few are applicable in Bangalore and few are applicable all over India

 

 

after all, when you invest lakhs together for a property you should be ensuring that your hard earned money is safe and your investment is safe.

so investing in a good property lawyers is a must

 

do share me what experiences/challenges you had in the similar process if any.

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 How do you safeguard your Property documents ??


propdoc

I had struggled a lot to safeguard and maintain the inherited property document after few of them had been misused by frauds
but now i have found various ways to organize and keep it safe

  • Make multiple photocopies and keep each copy in different places . one at home , one at your parent’s house and one set in the bank locker
  • get an external hard disk and keep all scanned copies in it. save one set in your personal laptop too . whatever you prefer
  • watermark every document . you can use online free service like watermark pdf onine
    or any other offline method
  • watermark
  • you can also save a copy in Google drive or any other cloud which is safer. but make sure you encrypt files or password protect them or add additional level  of security
  • make a master list of all documents.
    Go digital . create online account with government website like Bangalore Water Supply and Sewerage Board (BWSSB), The Bruhat Bengaluru Mahanagara Palike (BBMP),  BESCOM : Bangalore Electricity Supply Company Limited , etc. so that you can get tax paid details, water, electricity bill paid details, and many other details offered online

These are few idea I have for now . do share me if you have different ideas. i will incorporate them .