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Things to watch out for before buying property in Kerala.

Here are a few things that you should check and verify before buying a property -

  • Documents relevant to the Land / Project / Building / Apartment
  • Documents relating to the Premises
  • Stamp Duty and Registration

Here are a few things you should check for -

Land Documents

Conveyance Deed or Sale Deed
7/12 Extract
Index II
Title Certificate
37(I) Clearance [No objection certificate under section 269 (3) of the Income Tax Act, 1961]
 


Things to check when you buy a Flat

Development Agreement
The Development Agreement is an agreement entered into by the builder with the landowner if the builder does not already own the land or has a contract with the landowner. It contains details regarding the terms and conditions on which the landowner has permitted development on his property. By this agreement, the landowner engages the developer to develop and build on their plot of land. This agreement generally may also have a Power of Attorney in favor of the developer.

Approved Building Plan
The building plan has to be approved by the Corporation or the concerned authority. The approved building plans should be checked.

Commencement Certificate
The certificate, issued by the Municipal Corporation permits the developer to begin construction once the plans have been approved.

Completion Certificate
This is a Certificate given by the concerned authorities to the developer once the building project work is complete and fit for occupation.




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