Before selling commercial plots in India, it’s essential to obtain specific permissions and ensure all necessary documents are in place to facilitate a legally compliant and smooth transaction. Here’s a comprehensive guide:
1. Title Verification and Ownership Documents
- Title Deed: Confirms the seller’s legal ownership of the property.
- Mother Deed: Traces the property’s ownership history.
- Encumbrance Certificate: Indicates that the property is free from legal or financial liabilities.
- Mutation Certificate: Reflects the change in ownership in the revenue records.
2. No Objection Certificates (NOCs)
- Housing Society NOC: Required if the property is part of a cooperative housing society.
- Municipal Corporation NOC: Ensures there are no pending dues or violations.
- Utility NOCs: From electricity, water, and other service providers, confirming no outstanding bills.
3. Land Use and Zoning Approvals
- Zoning Certificate: Confirms the land is designated for commercial use.
- Change of Land Use (CLU) Approval: If the land was previously designated for a different use, this approval is necessary to convert it to commercial use.
4. Tax and Financial Clearances
- Property Tax Receipts: Proof of up-to-date property tax payments.
- Loan Clearance Certificate: If the property was mortgaged, a certificate from the lender stating that the loan has been fully repaid.
5. Sale Agreement and Deed
- Sale Agreement: Outlines the terms and conditions of the sale between the buyer and seller.
- Sale Deed: The legal document that transfers ownership from the seller to the buyer.
6. Identity and Address Proofs
- PAN Card: Mandatory for property transactions.
- Aadhar Card or Passport: Serves as proof of identity and address.
7. Power of Attorney (If Applicable)
- If the seller cannot be present for the transaction, a legally registered Power of Attorney authorizing another individual to act on their behalf is required.
It’s crucial to consult with a legal expert or property consultant to ensure all state-specific regulations and requirements are met. Proper documentation and approvals not only facilitate a smooth sale process but also protect both parties from future legal complications.
