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Property Verification
You shouldn’t leave anything to chance when it comes to buying property. An inspection of the documents is a must.
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How does a property verification work for you?
A property verification ensures that the property involved in business and purchase is free from disputes
and lawsuits and hence offers a hassle-free property buying experience for you.
We connect you to experienced lawyers
The documents are collected and all the papers are examined
The lawyers submit all the findings
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 Lawyers
We will connect you to property lawyers, who will generate all the required reports from the sub-registrar office.
Verification
Once the documents are received, the lawyers 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.
FAQs on Property Verification
When should the property documents be verified?
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.
What are the benefits of verifying property documents?
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.
Who conducts the verification of my documents?
This will be done through expert property lawyers.
How long will it take for the procedure to be over?
If all the documents are in order, property verification will take no longer than a week.
What all frauds can be committed by a seller in a sales transaction?
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. The registration takes place at the office of the Registrar or Sub-Registrar.
For how many years will the title search report be prepared?
You will receive Title Search report for the past 13 years as part of this package.
Why Vakilsearch
Access To Experts
We connect you to reliable professionals and coordinate with them to fulfill all your legal requirements. You can also track the progress on our platform at all times.
9.1 Customer Score
Clients are delighted with our service! They have consistently rated us highly because of our focus on simplifying legal requirements and providing regular updates.
200+ Strong Team
Our team of experienced business advisors are just a phone call away, should you have any queries about the process. Our team will ensure that your interaction with professionals is smooth and seamless.
Recent Updates
21st February 2020: Single Platform to check property transaction and records
The State of Maharashtra is likely to have an e-portal for its citizens to check the record of rights, mutation records, land titles, water and electricity payment, and past transactions.
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