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By registering the transaction of an immovable property, it becomes permanent public record. Title or interest can be acquired only if the deed is registered.

The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary. Section 30, of Bombay Stamp Act, 1958 states the liability for payment of stamp duty.

The stamps are required to be purchased in the name of any one of the executors to the Instrument.

The Sub-Registrar of the area, in whose jurisdiction the property is located, is the appropriate authority for knowing the market value of the property.

Stamp duty refers to the tax paid to the government just like sales tax or income tax and should be paid on time and in full. A stamp duty paid document is an important and legal instrument to be taken care of

A buyer can choose a good developer by getting references from people, finding out how happy they are with their homes, construction quality and builder’s conduct. They can get quotations from shortlisted builders in writing, mentioning all the details of the project like site maintenance, necessary approvals and permissions, required clearance, material supplies, charges, etc. It is very important to check the reputation of the builder.

Buying a property comes with a huge investment and that being said, the level of seriousness in terms of every single thing is mandatory as it could even be an investment for a lifetime! Here are the legal documents you need to collect without fail before occupying the property.

Individual Khata: This is an account that allows the owner to sell and transfer the property and to identify the legal owner of the property. This includes Khata Certificate and Khata extract, and in this, we have types like,

A khata: To certify that the property meets all the regulations of tax and legal etc.

B khata: Related to pending taxation and violation of laws etc.

E khata: This is an electronic form of khata that allows owners to pay taxes online. Title Deed: it is also called a sales deed, This is a deed for transfer of the ownership.

NOC: It is a no-objection certificate. These are the papers we need to collect from major government-aided departments like electricity, water, fire, safety and more such departments

Tax receipts: collecting receipts of at least 3 years will help in ascertaining that there are no dues on the property that you are willing to own.

I would rather say that the best and the easiest way to ensure that the documentation is trustworthy is to get into a bank and issue the paper to them as they will surely discover a loophole that you can work out.