Things to Know Before Buying Property

Below are few of the important things, one should know before he/she planning to buy/purchase a new property.

1) Check for rate of property currently going on in that location by asking few people/agents etc so that you will not land up putting up more money in the deal.

2) Check if the home you purchasing has well maintained society registered properly so that most of the legal matters are taken care and you are at lower risk of being cheated.

3) Check both Original documents and also previous sale docs (if any) before giving token money for the deal.

4) Check if that property can get Loan from banks, if not why ?

5) If property is very old (exa: 10 to 12 years) you can benefit and save money during paying stamp duty payment to be given. So pull out assessment letter for Municipal Corporation for same.

6) Check if the space area for Carpet, built up OR super built up.

7) Check if it CIDCO approved, or alternately if property is old then proper CC, Plan Copy and saat bara utara (7-12 utara) documents there with seller.

8) Check if all previous dues has been paid like (electric bill, yearly municipal charges for property, society charges) and get society NOC (No objection certificate) from society.

9) Ask your advocate to calculate required Stamp Duty and Registration Fees with advocate fees and be ready.