Investing in property, especially a plot of land, is a lucrative and profitable decision. Purchasing a plot of land allows you to build your home at your convenience, or you can sell it after a few years. There are many great suburban areas in Chennai where you can find affordable plots, like in Guduvanchery, among others. While purchasing a plot for sale anywhere in Chennai, you must be alert and buy from reputable and trusted property dealers. Conduct thorough research and familiarise yourself with the necessary documents involved in purchasing residential land to ensure you are well-prepared. Proceed accordingly.
Title Deed
The first step is to check the property seller’s original land ownership deed and confirm that the person is the actual plot owner. Check whether the individual has the full rights to sell the plot. You should get the original document, not a photocopy, and consult a property lawyer to determine whether the land is marketable and legal.
Patta
Patta is a document that serves as a record of the legal information of the individual who possesses the land or property. It is typically included in the Register of Land Holdings, which is maintained by the Tahsildar. The patta must be in the name of the current owner, who is selling you the land. Do not accept a patta that is not registered in the name of the current proprietor. Patta is a critical document that is necessary for the purchase of a property in Chennai.
Encumbrance Certificate
The sub-registrar issues this document, which is valid for a specified period of time and serves as proof of free ownership. This document provides proof of free ownership and shows whether there are any pending loans, legal cases, or property disputes. This certificate is important for property buyers as it ensures a transparent and hassle-free transaction process.
Sale Agreement
The sale agreement includes information about the plot’s ownership date, payment plan, and plot specifications. The agreement obligates the developer to ensure the property is ready for transfer. This document should be in its original form to buy a plot and to acquire a loan.
It is important to have all the documentation done properly before buying a plot of land. If you want to own land in Chennai legally, the list of documents required includes a title deed, Patta, an encumbrance certificate, and a sale agreement. Consult with a property lawyer before buying land for sale in Guduvanchery or other areas, make sure all documents are legal, and then proceed with the transaction process.
