Check Off List for Buying A Property in Goa

Check Off List for Buying A Property in Goa

Buying a property is not all that easy any where and one need to think about many aspects such as the appreciation potential, Rental potential, tax benefits, legal hassles, builder repute , home loan approvals and all other connected issues. That is why I tried to prepare a check list for you that will come in handy while you buy a dream property: -
















    - Check whether the property is in seller name or is it with Joint venture  development

    - Check for Conveyance Deed

    - Title Verification Report of Land in the name of seller

    - Identity and address proof of the seller

    - Check if seller obtained Loan for the property, accordingly a paragraph in sale deed be added stating that the seller is responsible to clear all the dues
  
    - Ask for Moola pathram/Parental Documents

    - All major children ie., major children of Sons & Daughter’s should sign in the bond/agreement
  

   - Municipal tax dues/House Tax/Water tax dues/Land Revenue dues & any other dues to be paid fully before the transaction

   - Villangam & Viharam nothing has to assured. In case, of above and any hindrance to property the seller will clear the issue and dues on his own accordingly a paragraph to be included in sale deed

  - Obtain No Encumbrance certificate from concerned authorities.

  - Mention the Flat No & Plot No in South/East/West/North/Complete Land area Length/Breadth and Diagonals also in the Sale deed.

  - Check on State EB charges and dues
 
  - Seller’s any of the blood relation should not claim in future & if any claim arises then it will be sole responsibility of the seller to get involved and clear all such disputes.

   - Obtain all payment receipts, Patta , Chitta ,Adangal extracts ,Up to date tax payments receipts of Water/GSEB/Property/Corporation/Municipality/Revenue & other taxes etc.
   - Confirm the originality of stamp papers and only purchase stamp papers from Govt services ie., Registration of Assurance offices only
   - Date of purchase of stamp papers must match with the date of the documents Most important

   - Obtain Genealogical tables (family tree) of the seller, will, certificate of husband/wife and other inter connected all documents although the above many not be required for registration

    - Crystal clearly shows door no/flat no/plot no and other descriptions of the property

    - Check if any third party interests, suppression of previous transaction, prior agreements if any, litigation and other pending matters, which are brought to light during various stages of purchase /negotiation