When selling commercial land in India, it’s essential to have a comprehensive set of documents to ensure a legally sound and hassle-free transaction. Here’s a checklist of the key documents you’ll need:
Essential Documents for Selling Commercial Land
- Title Deed (Mother Deed)
- Establishes your legal ownership of the property.
- Should be clear of disputes and properly registered.
- Establishes your legal ownership of the property.
- Sale Deed
- The primary document that records the transfer of ownership to the buyer.
- Must be registered with the local sub-registrar’s office.
- The primary document that records the transfer of ownership to the buyer.
- Encumbrance Certificate (EC)
- Verifies that the property is free from legal dues or mortgages.
- Obtainable from the sub-registrar’s office.
- Verifies that the property is free from legal dues or mortgages.
- Property Tax Receipts
- Proof of up-to-date property tax payments.
- Ensures there are no outstanding dues.
- Proof of up-to-date property tax payments.
- Approved Building Plan (if applicable)
- Sanctioned plan from the local municipal authority.
- Validates that any constructions on the land are authorized.
- Sanctioned plan from the local municipal authority.
- No Objection Certificates (NOCs)
- Required from various authorities, such as:
- Municipal Corporation
- Pollution Control Board
- Electricity and Water Departments
- Municipal Corporation
- Required from various authorities, such as:
- Occupancy Certificate (OC)
- Certifies that the property is ready for occupancy and complies with all regulations.
- Issued by the local municipal authority.
- Certifies that the property is ready for occupancy and complies with all regulations.
- Power of Attorney (if applicable)
- If you’re authorizing someone else to sell the property on your behalf.
- Must be notarized and, in some cases, registered.
- If you’re authorizing someone else to sell the property on your behalf.
- Identity and Address Proof
- Valid government-issued ID (e.g., PAN card, Aadhaar card).
- Proof of current address (e.g., utility bills, passport).
- Valid government-issued ID (e.g., PAN card, Aadhaar card).
- Bank Loan Clearance Certificate (if applicable)
- If there’s an existing mortgage, a letter from the bank stating that the loan has been cleared.
Ensuring all these documents are in order will facilitate a transparent and legally compliant sale of your commercial land.