Buying a property is a significant investment, and any mistake in verifying its legality can lead to severe financial and legal troubles. With rising real estate fraud cases, it is crucial to check whether a property is legally valid before purchasing it. This guide will help you understand the essential documents to verify and how to ensure that your investment is safe. 1. Why Property Verification Is Important? Real estate frauds, disputed properties, and illegal constructions are common issues in property transactions. To avoid such risks, a thorough verification of legal documents is necessary. Proper verification ensures: The seller has the legal right to sell the property. The property is free from legal disputes and financial liabilities. All government approvals and clearances are in place. 2. Essential Documents to Check Before Buying Property (i) Title Deed Verification A title deed is the most crucial document proving ownership of the property. Before finalizing a deal, ...
Buying a property is one of the biggest financial decisions of your life. Whether it’s your dream home, a commercial space, or an investment property, it comes with pride—and responsibility. While most people focus on loan EMIs, maintenance charges, and registration fees, property tax is often forgotten or taken lightly. But what if you don’t pay your property tax on time? What if you ignore it completely? The truth is, unpaid property tax can lead to serious consequences —including penalties, legal notices, and in extreme cases, even property seizure. Let’s explore everything you need to know about property tax in India, how it works, how to pay it, and what can happen if you miss it. What is Property Tax? Property tax is a direct tax imposed by the local municipal authority on real estate properties. This includes both land and buildings—residential or commercial. The money collected through property tax is used to fund public infrastructure and civic services like: Ro...