Property Buying Checklist For 2020

 Buying a property is always a huge investment for any individual considering the current property rates going on for properties for sale on SV road. You will want to be very considerate when choosing a property that will provide its worth in every way possible. People usually make some mistakes buying new properties as they are not much educated or are unaware of the important things to check before purchasing.

So here we have compiled a checklist to make it easy for anyone heading out for purchasing of properties for sale on SV road.

1. There is less hassle in inspection now as RERA has strict rules and there are hardly any unauthorised constructions found. For checking the details of the property on the RERA website get the RERA number.
2. The current on-going rate of 1 BHK properties for sale on SV road can be checked by inquiring few people or agents. You must do this step so that you do not land up with a deal that will cost you more than the actual rate.
3. Check the registration of the properties for sale on SV road and if the society is well maintained so that you have lower chances of getting cheated and the legal matters are also handled smoothly.
4. Prior to giving out the token money for the deal check the original documents and any of the previous sales chain of the documents.
5. Know whether the property is eligible to get a loan from banks. Enquire why? If not eligible. And if yes, check whether there are on-going loans if it is cleared or not.
6. If the property is 10-12 years old, you have the benefit of saving some money while paying the stamp duty payment. For this, you will have to get a letter from the municipal corporation.
7. Check the space area mentioned for 1 BHK flats for sale on SV road whether it is carpet area, built-up area, or super built-up area.
8. Check if the property is approved by CIDCO or if it old, whether they have proper CC, plan copy and 7-12 utara documents with the seller.
9. Check if all the previous dues are cleared for amenities in the property like the electric bill, yearly municipal tax charges, society maintenance charges, etc.
10. Before registering any property, it is a must to obtain a No Objection Certificate (NOC) along with property clearance note from the society.
11. Saving on stamp duty is not a good idea as during the time of litigation you will not be able to fight legally with it. It is good to interact with the secretary of the society, as it will help you know some of the legal pending from society, matters related to share certificate, maintenance, and NOC.
12. Prior to giving token amount for 2 bhk flat for sale on SV road check some important documents for society NOC, name on the electricity bill, receipt of property tax paid, name on maintenance receipt, previous agreements of purchase and sale, floor plan of the building and the win you plan to purchase the flat, and the legal government stamps on all the documents.
13. The most important step is to get the signatures of the seller on a 100-rupee stamp paper along with the left thumb fingerprint and the photo of the seller before handing the token amount. The terms for registration date and if for any reason the deal gets cancelled must be made very clear.

Conclusion

It is mandatory on the part of the buyer to check all the above points when purchasing properties for sale on SV road to avoid getting into any wrong deal.

Chandak Group makes sure you have a smooth running on all the legal processes carried on regarding the purchase of the property. To know more visit their website at www.chandakgroup.com