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Buying & Selling Revenue and Legally Clear Properties

At AKS PROPERTY CHECKLIST we help in Identifying Revenue and Legally Clear Properties for buyers which is crucial for avoiding future disputes and ensuring a trouble-free ownership experience for the Buyers. The following are the  step-by-step guide to make this process easy, efficient, trouble free and trustworthy:

1. Benefits of Identifying Revenue and Legally Clear Properties

Saves Time, Money, and Energy:

  • This process reduces the need for lengthy legal processes / corrections in future.
  • Avoids unwanted disputes, penalties, and additional expenses.

Improves Trust and Confidence:

  • Transparency between buyers and sellers gives Reliability & Confidence.
  • The Transaction process becomes more easy which inturn gives a long-term satisfaction.

2. Steps to Identify Revenue and Legally Clear Properties

Step 1: Verify Legal Documents

  • Title Deed (Sale Deed / Gift / Etc.,):
  • Shows the ownership of the Property .
  • Being a Government registered document, it is also a valid evidence and proof of ownership.
  • Encumbrance Certificate (EC):
  • EC gives a clear picture about the overall transactions within the time period. It also ensures the property is free from liabilities, mortgages, pending loans, legal attachments.
  • Parent Documents:
  • Finding the ownership lineage of a current document is essential to know weather all the previous documents are transferred legally.
  • Will look for any irregularities / discrepancies in the lineage.
  • Occupancy Certificate (OC):
  • For built properties, ensure the local authorities have issued an OC confirming lawful construction.
  • Conversion Certificates (if applicable):
  • For agricultural land, confirm conversion to non-agricultural use, if required, with proper documentation.

Step 2: Revenue Records Verification

  • Land Records (Patta, Chitta, A-reg, FMB):
  • Obtain government records from the local revenue office to ensure the property is correctly registered.
  • Cross-check property dimensions, owner details, and classification (e.g., agricultural, commercial).
  • Tax Receipts:
  • Ensure all property taxes have been paid by the seller.
  • Tax receipts should match the seller’s name and the property address.
  • Pending Dues:
  • Check with local authorities for any unpaid utility bills, water charges, or maintenance fees.

Step 3: Physical and Legal Inspection

  • Site Visit:
  • Physically visit the property and verify the property’s physical condition and ensure there are no encroachments or boundary issues.
  • Physically match the property layout with the Revenu Records.
  • Boundary Demarcation:
  • Conduct a digital land survey to verify the exact dimensions and boundaries.
  • Use government-certified surveyors for accuracy. Or get an endorsement from him.
  • Litigation Check:
  • Search for ongoing court cases related to the property in the local judicial records.
  • Ensure the property is not under any dispute or legal restriction.
  • Third-Party Claims:
  • Verify that there are no claims by tenants, leaseholders, or relatives of the seller.

Step 4: Due Diligence by Professionals

  • Engage a Lawyer:
  • Hire an experienced property lawyer to review all legal documents and identify risks.
  • Revenue Consultant:
  • For complex revenue issues, engage a consultant to clarify the land classification and compliance.
  • Property Valuation Expert:
  • Get the property valued to ensure the price aligns with its market value.
  • Bank Legal Team (if taking a loan):
  • Banks conduct thorough legal checks before approving loans, providing an added layer of scrutiny.

3. Buying Legally Clear Properties

Step 1: Agreement Preparation

  • Draft a Sale Agreement outlining important terms (price, timeline, payment schedule, liabilities, etc.).
  • Include a clause stating the seller guarantees the property is revenue and legally clear.

Step 2: Registration Process

  • Register the property with the sub-registrar’s office.
  • Submit all necessary documents, including the sale deed, identification proofs, and tax receipts.

Step 3: Payment and Possession

  • Use a trusted escrow account or active bank account for payments to ensure security.
  • Take physical possession of the property immediately after registration.

4. Building Trust and Confidence

  • Transparency:
    • Share all documents and legal clearances upfront with the buyer.
    • Encourage open communication to address doubts.
  • Independent Verification:
    • Allow buyers to independently verify property documents and conduct inspections.
    • Offer assistance in coordinating with legal and revenue offices.
  • After-Sale Support:
    • Measure the property and handover the property in good condition.
    • Provide guidance on utility name transfers, mutation updates, and compliance after the sale.
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