Checking the legality of a property before buying is very important as otherwise it can land you in trouble. Apart from zeroing down on a property as per the budget, location and building quality, it’s worthwhile to maintain a check-list of the legal documents to ensure a smooth process of buying a house.
Once you decide on a property, there are a few steps required to be taken to check its legality.
To help you understand how to know the legal status of a property and the legal documents required to buy a property, Magicbricks is conducting a hangout session with a renowned Bangalore-based lawyer Vatsala Dhananjay, advocate & founder at Shri Vatsala Dhananjay & Company. Join the Hangout to ask your query and to know how to make sure that the property you are buying is legally transparent.
Some of the key topics to be discussed in the session are:
- Checking the legalities of a property before the purchase
- A Khata and B Khata
- Stamp Duty and Land Tax
- Valuation fees
- LegaI property verification process
- Involvement of local authorities
Source - TOI
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