What is Property Verification


Buying a property can be an overwhelming experience, both financially and emotionally. Hence, it is absolutely necessary to ensure that all the legal intricacies are absolutely unambiguous so that there is no legal hassle in the future. The intricacies to be kept in check are: Legal due diligence on the property by the buyer & an inquiry into the seller's capacity to pay; Agreement to sell and earnest money; execution of sale deed; possession, Registration and completion of payment.

Procedure for Property Verification


Connect to Lawyer

We will connect you to a property lawyer, who will generate all the required reports from the sub-registrar office.

Verification

Once the documents are received, the lawyer will verify all the property-related documents for checking the title and rights of the seller. The documents will also be verified to check that the documents have been registered and appropriate stamp duty has been paid.

Documents required for Property Verification


  • Conveyance Deed
  • Sale Deed
  • Agreement To Sell
  • GPA/Power Of Attorney
  • Will (if any)
  • Relinquishment Deed
  • Partition Deed
  • Freehold/Mutation Details etc.

FAQs on Property Verification


If you’re a businessman taking a property on long-term lease, are purchasing a home (whether against a loan or not) or taking a loan against a property, this verification procedure is essential.
It will give you complete peace of mind to know that there are no other claimants to your property. This is a big deal, given the vast sums involved in such a transaction.
This will be done through an expert property lawyer.
If all the documents are in order, property verification will take no longer than a week.
There are numerous frauds that can be committed. For example, the seller may not have the right to sell the property, or have only a partial right to sell it. Moreover, there may be a claim by some other person or party over the property.
You will receive Title Search report for the past 13 years as part of this package.

Why Vakilsearch


4 Business Days

At Vakilsearch, we can deliver all your documentation requirements in just four working days. And if you're not totally satisfied, we'll take another couple of days to work on the modifications you need. All at the lowest price, both online and offline.

9.1 Customer Score

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

160 Strong Team

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.