Verify These Before You Sign
Before finalising a home loans, verifying key property documents protects buyers from legal disputes, hidden liabilities, and future complications. These eight documents confirm clear ownership, legal compliance, and safe investment of your home loan funds.
Registered Sale Deed and Title Deed
The registered sale deed is the core title deed confirming the seller’s legal right to transfer property ownership. Without a valid registered sale deed, no home loan lender will approve or disburse funds for the purchase.
Mother Deed and Parent Document
The mother deed or parent document traces the property’s complete ownership history over the past 20 to 30 years. It confirms there are no hidden owners or unresolved claims that could challenge your legal ownership after purchase.
Encumbrance Certificate
An encumbrance certificate confirms the property is free from outstanding mortgages, legal dues, and financial liabilities. Loan lenders always require a clear encumbrance certificate before approving funds to ensure the property has no hidden financial obligations.
Certificate of Occupancy
The local authorities issue the certificate of occupancy to confirm that the building is structurally safe, legally approved, and ready for occupation. Without this document, authorities may treat the property as unauthorised, and lenders may not approve it for a home loan.
Building Plan Approval
The approved building plan confirms construction adheres to local authority regulations and sanctioned layouts. Verifying building plan approval protects home loan buyers from future demolition orders, legal notices, or penalties for unauthorised construction deviations.
Khata Certificate and Property Tax Receipt
The Khata certificate shows that the municipality has registered the property for taxation purposes. Check recent property tax receipts to ensure there are no outstanding dues that could lead to legal complications after completing the home loan-funded purchase.
RERA Registration and No Objection Certificates
For under-construction properties, RERA registration ensures developer accountability and buyer protection. No Objection Certificates from relevant authorities confirm there are no legal objections, making both documents essential before any home loan disbursement is authorised.
Disclaimer: The information provided on this website is for general informational purposes only and should not be considered financial or legal advice. Please consult with a qualified financial advisor before making any decisions.
