Buying a property in Kolkata is a wise investment with commendable returns. However, as you must have often heard, ‘With great power comes great responsibility.’ To ensure that your property investment yields empowering benefits, you first need to take up the responsibility of verifying its legal status.
Ever see an apartment and feel tempted to buy it right away? Before being too impulsive, you should, however, know that even the most perfect-looking apartment might be riddled with grave legal issues that are not apparent on the face. These include unresolved disputes over ownership, unpaid taxes or illegal land use.
If you don’t want to become a victim of such hassles and don’t want your money to go down the drain, the first step is to check the legal status of the property you are planning to buy.
The process sounds quite dreary and overwhelming, right? Well, not anymore. We are here with the only checklist you will need to ensure that the property you are planning to buy in Kolkata is free of legal issues and good to own.
Make Verification Easy With These Documents
Here is a list of official documents which will make the verification process easy and hassle-free for you.
Title Deed
A title deed acts as legal proof of the ownership of a legally verified property. It denotes crucial information like the name of the owner, property details or past records of ownership.
The title deed shows that one has made a legal purchase of an apartment from a reliable real estate company. To verify a title deed in Kolkata, you can either go to the West Bengal Registration and Stamps Department or do it online at https://wbregistration.gov.in/ .
No Objection Certificate
The No Objection Certificate (NOC) is also an important legal document for all people buying apartments in Kolkata. It testifies that the property is free of legal disputes and verified for purchase.
Encumbrance Certificate
An Encumbrance certificate bears testament that a property is legally free of mortgages, debts or pending loans. In short, it shows that the property is legally and financially safe to purchase. Before buying apartments in Kolkata, you should obtain this legal document from the concerned sub-registrar’s office.
Property Tax Receipts
Property tax receipts depict that a property has no unpaid taxes. Before you purchase a property in Kolkata, make sure that it is not legally bound to any dues. You can obtain these receipts by visiting the Kolkata Municipal Corporation or going directly to the West Bengal government’s official website.
Site Plan
The site plan, also known as the building plan, is yet another essential document which is indicative of the blueprint of the entire project. Before buying a property in Kolkata, you need to make sure that its site plan has been approved by the Kolkata Municipal Corporation.
You should also check whether the actual construction is happening according to the building plan. This way, you can ensure that the property is legally sanctioned and won’t lead to complications in the future.
All of the above documents play a pivotal role in determining the legal status of a property in Kolkata. Apart from having these legal documents in place, it is also important to buy apartments from a reputed real estate company in Kolkata.
As a homebuyer, it is crucial for you to opt for a real estate company which offers apartments that are not just ideally situated and priced but also legally verified.
Established in Kolkata since 1960, the Oswal Group has earned a reputation for being a superior real estate company in Kolkata. We combine innovation with reliability in our customer-centric living solutions.
All properties by the Oswal Group are built in compliance with legal requirements and hence stand free of any legal disputes.
Orchard Amritaya by the Oswal Group presents the apartment of your dreams right here in Kolkata. Whether you are looking for a desirable flat to live in or a profitable property investment, Orchard Amritaya is your go-to choice.
Here, you can get premium 2- and 3-BHK riverside flats located away from urban chaos. Apart from a prestigious location and contemporary luxuries, this property in Kolkata also delivers peace of mind. This is because it has been constructed legally and promises the buyer freedom from any legal hassles.
Your Final Takeaway
To buy a property in Kolkata in a smooth and hassle-free way, it is indispensable to first check the legal status of your desired property. There are numerous kinds of legal documents which make the legal verification of an apartment in Kolkata simple and direct. These include the title deed, encumbrance certificate, property tax receipts and the site plan. Through proper verification of all these documents, you can ensure that:
The Oswal Group is one of the best real estate companies in Kolkata, which offers legally-compliant apartments to homebuyers at reasonable rates. If that sounds appealing to you, do not forget to check out Orchard Amritaya, the best residential project by the Oswal Group in Kolkata.
Yes, absolutely. By checking the legal status of a property in Kolkata, you can keep yourself free of any legal issues. Such issues could be related to ownership or pending debts, loans or taxes, which can become burdensome after you purchase the property.
If you are a homebuyer choosing to buy an apartment in Kolkata, you can check its legal status by verifying some legal documents. These include title deed, encumbrance certificate, property tax receipts and the site plan.
The Oswal Group is undoubtedly one of the best real estate companies in Kolkata. It offers state-of-the-art apartments built in compliance with legal requirements.