Buying and selling real estate is considered a rare occurrence in the life of a common man. Therefore, most people do not know much about the documents required for buying and selling real estate.
Buying and selling real estate is called a registration pass in legal parlance. In this process of legalizing the agreement between the buyer and the seller, both the buyer and the seller have to prepare a variety of documents. Most people have to go to the customs office many times because they do not know the list of such documents and how to get them.
So today we are giving you detailed information about the documents required while passing the registration and how to get them.
1. Original and photocopy of land ownership certificate
When passing the land, you need the original and photocopy of the land ownership certificate to be bought and sold. It is possible to have a photocopy to see the details of the land and attach it in the file as evidence, but on the day of passing the land, the original land ownership certificate is required. Since this land belongs to the seller, the seller should be requested to bring the original parts on the day of passing the land.
2. Original and photocopy of the citizenship of the buyer and seller
The buyer and seller of the house and land should have the original and photocopy of citizenship. The photocopy should be included in the file by the person concerned, while the Land Revenue Officer or the employee should be present in-person to identify whether he/she is the person concerned and show the original copy of citizenship.
3. Receipt of payment of land tax and certificate of payment of tax including house
A photocopy of the receipt of payment of property tax for the current financial year and also a photocopy and original of the tax payment certificate of the house should be brought. Currently, such taxes are paid in the ward offices of the metropolis, municipality and village councils. After paying the tax as per the law, they give the receipt and the certificate of tax payment.
4. Deed of resignation
How much is the bag of house and land? Lot number of land, area, ward where the land is located, map seat no. To mention things in writing.
Documents required for the company
If the ownership of the land is in the name of a company or the buyer is a company, then in such a case some additional documents other than those mentioned above are also required. The first document is the management letter of the company. In which the provision for the company to purchase real estate should be mentioned, if there is no such arrangement, such an arrangement should be amended and maintained.
Documents such as company rules, tax payment up to the current financial year, minutes of the decision of the board of directors regarding purchase and sale, certificate of company registration, copy of company PAN / VAT registration, copy of citizenship of operators and share information of operators and authorization letter to the concerned person Should
The process of passing the real estate registration is completed only after the mentioned documents are collected. If the house or land to be passed has been withheld or done by somebody for some reason, it should be made to be sold first.
Such restraints may be due to court orders, banks or financial institutions holding land as collateral, or even government orders in case of non-payment of government obligations including taxes.
When buying and selling land, both parties must be present at the Land Revenue Office. If for any reason neither party is present, the person can be appointed as the authorized heir and the house and land can also be bought and sold through the heir.
Evidence of the check paid along with the identity of the buyer and seller is also sought at the Land Revenue Office, along with the proof of transaction.