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12th Aug 2014, 08:40 AM #1OPProbation
Kerala Real Estate
Property buying in Kerala has picked up pace in recent years. With the influx of foreign remittances into the state, land and Property in kerala is selling like hot cakes. However, there are some precautions that need to be taken while buying a property or land in the state. While buying a land, it is important to check the title deed of the property. This is to ascertain the ownership of the land and to confirm that the land actually belongs to the seller. It is important to crosscheck whether the property is a pledged one or if there are more than one holders of the property. Property encumbrance certificate should be taken to confirm that the land is not under any legal issues. The period to be checked for encumbrance is thirteen years but one may demand a certificate for the past 20 years. If the property was pledged in the past, it is important to confirm if all the payments have been made. And in case it has been done, one should ask for the release certificate from the bank. This is useful especially when you want to take a loan in future by pledging the property.
The property or house tax documents are helpful in judging the authenticity of a property. If the land you are buying is an agricultural land and is to be used for non-agricultural purposes, it is crucial to possess the Non-Agricultural Land permission. This is possible by obtaining a Non Agricultural Order from the collector of the district where the property is located. Property buying is a stressful process and calls for greater amounts of discretion on the part of the buyer. By sticking to rules and methods, the process can be made a pleasant one.Baileyd Reviewed by Baileyd on . Kerala Real Estate Property buying in Kerala has picked up pace in recent years. With the influx of foreign remittances into the state, land and Property in kerala is selling like hot cakes. However, there are some precautions that need to be taken while buying a property or land in the state. While buying a land, it is important to check the title deed of the property. This is to ascertain the ownership of the land and to confirm that the land actually belongs to the seller. It is important to crosscheck Rating: 5
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