House for sale in Trivandrum: Legal checklist for buyers

 

Planning to buy a house for sale in Trivandrum? Here is a legal checklist for buyers to make them aware of the complete process since property investments are highly capital and intensive.

In 2021, the property investments are highly capital intensive, and any mistakes made while buying a house for sale in Trivandrum can cause a great trouble for buyer.  Proper legal advice and document verification is required before buying a house for sale in Trivandrum.

By taking proper legal advice and after doing the document verification of the house for sale in Trivandrum, the buyer can ensure that investment in the house for sale in Trivandrum brings peace of mind and sense of security.

Property documents of the house for sale in Trivandrum

The buyer of the house for sale in Trivandrum should undertake due diligence, to ascertain the existence of the title with the seller.

• The nature of the title and its marketability of the house for sale in Trivandrum should convey clear and marketable title, free from encumbrance.

• All the property documents of the house for sale in Trivandrum for a period of 30 years, if not more at least for a minimum duration of 12 years should be available and must be examined by the buyer before buying the house for sale in Trivandrum.

Identity of the seller of the house for sale in Trivandrum

Similar to the property document verification the buyer should also ascertain the identity of the seller of the house for sale in Trivandrum.

• The buyer before investing on the house for sale in Trivandrum needs to check the specific governing condition of the seller to convey the property.

• Before buying the house for sale in Trivandrum some instances may be noted for illustration like residence status and nationality of the seller, the identification of seller of the house for sale in Trivandrum whether the seller is a company, firm, trust, partnership, society etc.

Construction approvals of the house for sale in Trivandrum

For purchase of the house for sale in Trivandrum the buyer should also scrutinize the building plan or the layout plan sanctioned for the house for sale in Trivandrum by the local municipal authorities of Trivandrum.

The buyer of the house for sale in Trivandrum should also look for approvals issued by the government, statutory and regulatory authorities for providing infrastructure facilities, water, sewage, electricity, environmental clearance etc. for the house for sale in Trivandrum.

Occupancy Certificate and Tax Payment of the house for sale in Trivandrum

In 2021, it is compulsory for the seller of the house for sale in Trivandrum to have the occupancy certificate issued by the competent authority prior to conveying the property.

• Use of the house for sale in Trivandrum without obtaining the occupancy certificate exposes the buyer to penalty under building bye-laws.

• Checking the status of the tax payment of the house for sale in Trivandrum is also an important factor. The non-payment of property tax of the house for sale in Trivandrum can constitute a charge on the property and will affect its marketability.

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