Buying a resale flat can be a good investment, but verifying the property’s ownership, legal status and outstanding dues is essential before making a payment.
At VerifyMyProperty, we help property buyers understand the legal and documentary aspects of a property before committing their money.
Essential Documents to Check
1. Registered Sale Deed
Verify the seller’s ownership and the property’s description.
2. Chain of Title
Examine previous ownership documents to identify gaps or inconsistencies in the title history.
3. Encumbrance and Mortgage Records
Check for registered mortgages, charges and other recorded interests affecting the property.
4. Society Share Certificate
Verify the seller’s membership and the relevant flat details in the society records.
5. Occupation Certificate (OC)
Check whether the applicable OC covers the building or wing in which the flat is located.
6. Approved Building Plans
Review relevant sanctioned plans and approvals for discrepancies affecting the flat.
7. Property Tax and Maintenance Receipts
Check for outstanding taxes, society maintenance and other applicable dues.
8. Seller’s Identity and Authority
Confirm the seller’s identity, ownership interest and legal authority to transfer the property.
9. Litigation and Dispute Records
Check for relevant court cases or legal disputes affecting the property.
10. Draft Sale Deed
Review the sale consideration, payment terms, property description, representations and transfer conditions before signing.
Before You Pay the Token Amount
Do not rely solely on the seller’s latest Sale Deed or society share certificate. Review the relevant documents together and investigate any missing records, inconsistencies or unresolved liabilities.
A property-specific legal review can help identify potential risks before you complete the transaction.
Buying a Resale Flat? Verify Before You Buy.
VerifyMyProperty™ helps property buyers with title verification, document review and legal due diligence.
Before You Buy, Let’s Verify.