"Let the Buyer Beware" is an adage
to go by in today's Bangalore as it is fast reaching a metropolitan
status. The price of property is soaring, and with the infamous
land mafia buyer's have to be absolutely certain before becoming
parties To any Agreement to sell. With the rise in prices of real
estate the volume of litigation is also on the fast pedestal. Any
Buyer before entering into an agreement must and should scrutinize
the following documents incase of Residential / Commercial properties.
Incase Of Agricultural Land.
- The mother deed which is the parent deed along with the antecedents
which show the flow of title.
- The encumbrance as on date which well depict the present status
of the land is regard of and encumbrances
- An assessment extracts which states the assessed Tax payable.
- The latest Tax paid receipts.
- The Khatha extract which would depict the present owner of the
- The sanctioned plan of the building to ascertain if there is
any illegal construction.
- A Layout plan if the land has been converted (a new layout)
to residential status.
- The R.T.C which is the mother deed depicting the ownership rights.
- Mutation registers which would show to flow of title.
- Encumbrance extract.
- Index of Land - Which would ascertain the ownership rights?
- Khatha as to on whose name the land stands.
- The family tree - A record of the family tree of the vendor
attested by the Gram Panchayat, this is to ascertain if there
are any claimants apart from the disclosed vendors.
- No Tenancy endorsement from the D.Cs office to ensure that there
is no tenancy.
- A survey sketch - depicting the extent of the land. It could
also be advisable to issue a paper publications, inviting the
general public to raise a claim/objections if any, As the concept
of " Let The Buyer Beware " is more applicable now than ever,
with all the antisocial elements and the land mafia engaged in
land grabbing. Once the property has been transferred it should
be fenced appropriately to avoid encroachments.
A Buyer could also check with the registry of the
Jurisdictional court to ensure that there is no pending litigation.
Before entering into any agreement it is advisable to contact an
advocate for professional assistance.