Property verification is a crucial aspect to consider when buying or selling real estate in India. This process, also known as due diligence or title verification, ensures that the property’s legal status is clear and free of disputes.
Get Your Property Verification
Make your business global. Apply from anywhere in India with Property Verification
Auriga Accounting has a team of registration experts who can provide complete guidance to register your Property Verification.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for Property Verification
Your Property Verification Done
Auriga Accounting has a team of registration experts who can provide complete guidance to register your Property Verification.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for Property Verification
Your Property Verification is Done
Verifying property ownership is crucial, as it confirms that the individual claiming possession is the rightful owner and that the property is free from any legal disputes. In India, conducting property verification is essential when buying or selling real estate; this process is referred to as property due diligence or title verification. It entails a thorough examination of ownership and title to ensure clarity and security for all parties involved.
Historically, property records in India were not digitized, leading to restricted access to vital information. This situation often led to numerous legal disputes regarding property ownership and conflicting claims. The process of verifying ownership typically includes reviewing the title document and confirming the seller’s identity, as well as investigating any claims or liens associated with the property, checking tax records, and determining the intended use of the land. By following this process, the likelihood of future legal disputes concerning the property can be significantly reduced.
Property Type: The nature of the property can impact the verification duration. For instance, verifying a residential property typically takes less time than a commercial property.
Property Location: The geographical location plays a role in the verification process. Properties situated in remote areas may necessitate more extensive verification compared to those located in urban centers.
Record Availability: The accessibility of relevant records can also influence the time it takes to verify a property. Properties with a lengthy history may require more time to gather and confirm records.
Transaction Complexity: The intricacy of the transaction can affect verification timelines. For example, properties with multiple owners or those serving as collateral for loans often require more in-depth verification processes.
Auriga Accounting has streamlined the real estate property business in India. To facilitate a thorough due diligence process and ensure a sound investment, please submit the following documents:
Document Chain
Property Title: The property title indicates the current ownership of the property and is officially registered at the sub-registrar’s office.
Mortgage Documents: If the property has any existing mortgages, it is essential to review the corresponding documents. The buyer should be prepared to proceed with the purchase under the current mortgage conditions, while the seller must resolve any outstanding mortgages prior to the sale.
Encumbrance Certificate: An encumbrance certificate certifies that there are no encumbrances on the property, such as mortgages, liens, or unpaid property taxes.
Step 1: Reach out to our team and share all relevant property documents.
Step 2: We will allocate a qualified lawyer or property expert to manage your case.
Step 3: The assigned professional will review the title deed and ownership history of the property.
Step 4: We will conduct a detailed examination to identify any encumbrances or liens affecting the property.
Step 5: The lawyer or expert will obtain an encumbrance certificate from the appropriate authority.
Step 6: We will assess property tax receipts to confirm that all payments are current.
Step 7: The assigned professional will verify that the building plan approvals comply with regulations.
Step 8: The lawyer or expert will cross-reference all collected information with relevant authorities.
Step 9: We will confirm the seller’s identity and their legal ability to sell the property.
Step 10: The assigned lawyer or expert will deliver a thorough legal opinion.
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