Purchasing a Property in Raipur - Important Documents To Consider

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Purchase of a property in Raipur Important
Documents to Consider
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INTRODUCTION

• The land is the most preferred form of real
  estate investment.
• While buying land, it is vital to consider
  several key factors, due to which your purchase
  might not be the sound investment you expected.
• If you invest in a property in Raipur, it will
  earn you income regardless of where your plot is
  located.

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Licensing and Approvals -

• It may be a bogey to deal with paperwork, but it
  is ultimately necessary.
• If you want to avoid splitting headaches in the
  future, these documents are essential while
  purchasing a property in Raipur.

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Title Deed -

• A clear title is necessary if you wish to be
  assured of undisputed legal ownership over land
  for sale.
• You should always ensure the title is clear on
  any property, whether it is agricultural,
  residential, or commercial.
• Deal with deeds whose transfer of the land to you
  is questionable as soon as possible.

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Release Certificate -

• It is an official document issued by a bank to a
  mortgagee to confirm that a mortgage loan with
  the latter has been settled or cleared.
• This letter proves that the debt was paid, so the
  borrower no longer owes the bank anything.
• If the property in Raipur has any outstanding
  loans, ensure that the bank has provided a
  release form indicating that the loans have been
  paid.

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Property Tax Receipts -

• The taxation process of a plot is one of the most
  important things to understand when investing
  inland.
• Everyone wants to avoid tax trouble! If you plan
  to purchase a resale property in Raipur, you
  should ask the seller for previous tax receipts.

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Local Approvals -

• To make significant capital gains through land
  acquisition, you must obtain a plot of land that
  is free from encumbrances.
• Usually, that means a piece of land with all the
  appropriate documents for your peace of mind.

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CONCLUSION

• If you keep the above factors in mind, you can be
  sure that your investment in any property in
  Raipur will turn out to be a logical
  income-generating choice.
• If your land is registered with the
  sub-registrar's office, you will need all the
  documents listed above.
• The seller must submit his Pan Card or Form
  Number 16 if the land is valued over Rs 5 lakhs.
  The seller must also provide two witnesses.

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