Everything you want to know about the proof of ownership

 Now that you are all set to own a property, say a flat, a landed property, villa - you will need to know everything about proof of ownership! You are about to invest a huge chunk of your savings and on top of it supplement with a home loan to buy the property. To claim the rights to a property, you will need proof of ownership.

Here’s everything you want to know about the proof of ownership.

Absolute sale deed and title deed 

The title deed or sale deed is the important document that records the actual transfer of ownership of the property. It needs to be registered at the sub registrar’s office under whose jurisdiction the property is existing.

Mutation Register Extract

Title search has to be done for recovering the chain of documents relating to the history of the property previously registered with the concerned authority. Mutation Register Extract includes a description of the property and names of title holders, joint tenancy, etc. 

Khata certificate

This document is the entry in the local municipal records and is proof that the property exists. Also in the case of buildings, proof that it has been constructed on an approved plan.

Allotment Letter

An allotment letter issued by a developer or the housing authority to the first owner is an important proof of ownership. It states the description of the property and details of the amount paid by the customer to the developer. 

Receipt of property tax/ electricity / water 

The receipts of property tax establish the legal status of the property and therefore serve as a key proof document. Also, the receipts of Electricity bills and water bills are additional proofs regarding ownership status.

Occupancy certificate 

It is the completion certificate given by the municipal corporation after the construction of a building to establish that it was constructed according to a sanctioned plan and that it is ready to be occupied.

Encumbrance certificate 

The encumbrance certificate has all the details about transactions relating to the property. It is proof that the property is owned by you and is free from all encumbrances or loans. 

Sanctioned building plan by statutory authority

The building plan sanctioned has to be given by the developer of flats or villas to the buyers. 

Power of Attorney/s, if any

A Power of Attorney is needed in original if any person is acting on the authorization of the owner of the property. 

We hope that this insight on everything you want to know about the proof of ownership has helped you a bit. As one of the best construction companies in Thrissur, we at Vishraam Builders take care to ensure that our flats and villas in Thrissur are assigned to buyers with all proper ownership documents. Book your new home with Vishraam Builders now and sit back and relax!