Simple ways to check Genuity of a Property

Buying a property is one of the biggest decisions you’ll ever make, so making sure the property is genuine is absolutely essential. With so many options out there, it’s easy to get confused or even fall into the trap of fraudsters. But don’t worry, checking the genuineness of a property doesn’t need to be complicated. There are some simple ways to ensure you’re making a safe investment. Let’s walk through the most important steps you should take before sealing the deal.

First off, always ask for the property’s title deed. This is the most crucial document that proves who owns the property. Make sure the name on the deed matches the seller’s name and that the property has a clear title. If there are any doubts about this, consult a property lawyer. Verifying the title deed can save you from a lot of future hassles.

Next, check the encumbrance certificate. This certificate will tell you if there are any legal dues or mortgages on the property. It’s an important step because sometimes a property may look perfect but can have hidden liabilities. To get this certificate, you can visit the local sub-registrar’s office or check online if your state provides digital records.

Have you checked the property’s property tax receipts? Genuine property owners pay their taxes on time. Ask for the latest tax receipts and verify that all payments are up-to-date. This not only confirms the owner’s authenticity but also ensures you won’t have to deal with unpaid taxes after buying the property.

Another essential step is to verify the property’s building plan approval. Every genuine property must have all necessary approvals from the local municipal authority. This includes sanctioned building plans and completion certificates. Don’t hesitate to visit the local municipal office to double-check these documents. Skipping this step can lead to legal trouble if the property has any unauthorized construction.

If you are buying from a developer, ask for the RERA registration number. The Real Estate Regulatory Authority (RERA) was set up to protect buyers from unfair practices. A property registered under RERA means you can check all project details online, such as project status, completion date, and developer’s credentials. This adds another layer of security to your investment.

It’s always wise to do a physical verification of the property. Visit the site, talk to neighbors, and observe the surroundings. Sometimes, neighbors can offer valuable insights about the property’s history or any disputes. Real estate fraud often happens when buyers skip this step and rely only on paperwork.

Don’t forget to check for any litigation or court cases related to the property. You can do this by searching court records or consulting a legal expert. Properties involved in disputes can be risky investments, so it’s better to be safe than sorry.

Finally, before signing any agreement, read all the terms carefully. Ask questions, clarify doubts, and never rush the process. Whether it’s a residential property, commercial space, or a plot, the steps above are important to check the authenticity of any real estate purchase. By following these simple ways, you can confidently invest in a property that is genuine, legal, and safe for your family’s future.