Quick Answer: What are the documents required to sell a property in Bangalore?

What all documents are required to sell a property?

The letter that confers allotment of the property to you from the relevant society or authority is a primary document you need to have in order. The original conveyance or sale deed from the previous owners of the property is needed. … A property with clear documentation and title commands a higher price in the market.

What legal documents are needed to sell a house?

What Paperwork Do I Need to Sell My House?

  • Energy Performance Certificate. …
  • ID and Proof of Address. …
  • Property Title Deeds. …
  • Fittings and Contents Form. …
  • Property Information Form. …
  • Additional Paperwork Required for Leasehold Properties.

What is the procedure for selling property?

This generally involves photographing your property, drawing up floor plans and writing your online ads. Sale and negotiation. Agent will auction your property or mediate between seller and buyers to reach a mutually acceptable price. The buyer will then pay a deposit.

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Can I sell my property without documents?

In order to sell the property you will have to obtain a certified copy of the registered sale deed from the sub registrar office in your area office. You would have to pay a nominal fee to procure the same. … Further if there is any buyer interested without that can sell it based on revenue entry and possession.

Is Aadhaar card mandatory for selling property?

Aadhaar is accepted as a identity proof for property registration and land mutation. … “Aadhaar is one of the documents, which executants of conveyance deeds are required to submit as proof of identity for registration of properties. However, the same, as on date is only an optional requirement,” it said.

What are the property documents?

Checklist of Property Documents

  • Sale Deed/Title deed /Mother deed/Conveyance Deed. …
  • RTC Extracts. …
  • Katha Certificate and Extracts. …
  • Mutation Register Extracts. …
  • Joint Development Agreement. …
  • General Power of Attorney. …
  • Building plan sanctioned by the Statutory Authority.

Is an electrical certificate required when selling a house?

When selling a house, there is no legal obligation to provide a buyer with any electrical safety certificate. … When selling a house the potential buyer may want to perform a safety test on both gas and electricity for their own assurance.

Do estate agents need proof of identity?

For landlords, sellers and buyers, this means that your estate agent is legally obliged to obtain proof of your identity and proof of your address. Estate agents will also require sight of all original documents or alternatively, certified copies.

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What is a Section 32 when selling a house?

Vendor statements, also known as a section 32, are documents that tell potential buyers what they need to know about a property before signing a contract to purchase. It’s a vital part of the buying and selling process and discloses all information that isn’t readily available during an inspection.

How do I sell my property on land?

Requires a long time – Selling a land requires more effort than selling a house.

Below are some tips that you have to remember when dealing with land buyers.

  1. Understand the buyer. …
  2. Location is key. …
  3. Beautify the land. …
  4. Think about the price. …
  5. Take good photos. …
  6. Give them the right contacts.

What is sale deed document?

A sale deed is a legal document that is used during a property transaction as an evidence of sale and transfer of ownership of a property from a seller to the buyer. This is the main document for the transfer of ownership. A sale deed is also referred to as the final deed or conveyance deed.

What is the tax on selling property in India?

Long term Capital Gains on sale of real estate are taxed at 20%, plus a cess of 3%, if the sale fulfils certain conditions. If you sell a property that was gifted to you, or that you have inherited, you will still be liable to pay capital gains tax on it.

Can I sell property without sale deed?

3. A property cannot be registered if the seller does not possess the sale deed thereof. No other deed or displaying of the name in the encumbrance certificate can take the place of the sale deed.

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Can we transfer property without sale deed?

“Immovable property can be transferred/conveyed only by a deed of conveyance (sale deed), duly stamped and registered as required by law. We, therefore, reiterate that immovable property can be legally and lawfully transferred/conveyed only by a registered deed of conveyance.”

Is it OK to give photocopy of the document of property?

It’s alright to give a photocopy of the sale deed to a potential buyer. In fact, without sharing that, he/she cannot make an informed decision, so they need it. Do not give away the original under any circumstance.