Buying a plot in Bangalore? Keep our checklist close

If you are buying an agricultural land in Bangalore for non-agricultural purposes, check that you have the approval as per rules under Karnataka Land Reforms Act (1961) and the Karnataka Land Revenue Act (1964). Any layout on the outskirts of Bangalore requires the approval of Bangalore Metropolitan Regional Development Authority (BMRDA).

A helpful checklist for you:

1. Check the Seller has the Sale Deed for the plot. The sale deed will provide details of all transactions on the land.
2. Search report provides details of the original property holder, property history, charges on property, current property status (dues paid or pending), etc. Your lawyer should be able to look through these details and confirm if it is a legitimate property.
3. Verify all original documents, with the help of a lawyer, before making the advance payment.
4. Get a written agreement on a stamp paper duly signed by both the owner and the buyer in the presence of two witnesses. The Agreement must mention the advance paid, price of the plot, duration of sale and legal actions in case of a default from either side.
5. Pay Stamp Duty in full and on a timely basis. An agreement can be implemented only when Stamp Office fixes stamps on it.
6. Register the property in a Sub-Registrar’s office as per timeframe mentioned in the agreement. You will require property tax receipts, original title deed, any previous deeds as well as two witnesses at the time of registration.
7. If Seller has a sale agreement or power of attorney, your lawyer should verify these documents properly as there is higher possibility of fraud with those documents.
8. If a specific piece of land involves various family members, insist on all members being present during the registration process.

Look up plots for sale in Bangalore

To the uninitiated, buying a piece of plot may appear like a simple transaction. However, you must safeguard against many pitfalls. Keep the above checklist prepared by RoofandFloor with you before meeting the seller. The seller should be able to answer your questions satisfactorily and if you are not happy with the answers, don’t be afraid to dig deeper. It is better to take a slightly longer route to your own piece of plot rather than easily buying a contentious plot and then being mired in legal troubles.