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Property Verification Builds Trust / Confidence in you before buying & selling
what is Property Verification?
Property verification is an important factor to be considered while buying or selling a property in India. It is also called Due Diligence of Property or title verification. Under this process, the title and ownership of a person over a property are verified for various purposes. The process includes verifying the title documents, valid proof of seller’s identity, ensuring that there exists no legal dispute, claims or encumbrance on the property, checking tax records, the purpose for which the land was given for use and other required permissions from the government authorities at the state and local level. It helps in reducing the occurrence of any legal disputes related to the property in the future. It helps mitigate potential legal risks and provides confidence in the legal aspects of the property transaction or ownership. It is advisable to engage a qualified and experienced lawyer with expertise in property law to obtain a reliable and comprehensive legal opinion.
✓ Verify property documents before you buy
✓ Title Search Report
✓ Scrutiny of Technical Documents
✓ Scrutiny of Govt. Approvals
✓ Getting Registered Document & Encumbrance Certificate
✓ Complete assistance from property verification till registration
✓ Title Search Report
✓ Scrutiny of Technical Documents
✓ Scrutiny of Govt. Approvals
✓ Getting Registered Document & Encumbrance Certificate
✓ Drafting Sale agreement by Sr. Property Advocate
✓ Drafting Sale Deed by Sr. Property Advocate
✓ Supervision & Coordination with Sub Registrar Office
✓ Getting Registered Document & Encumbrance Certificate
✓ Getting Registered Document & Encumbrance Certificate
✓ Getting Registered Document & Encumbrance Certificate
✓ Get help in sale deed and agreement draft and registration
✓ Drafting Sale agreement by Sr. Property Advocate
✓ Drafting Sale Deed by Sr. Property Advocate
✓ Supervision & Coordination with Sub Registrar Office
✓ Getting Registered Document & Encumbrance Certificate
✓ Getting Registered Document & Encumbrance Certificate
Guideline Value
The Stamps and Registration Department of any state determines the guideline value. The property cannot be sold for less than the government-specified guideline value. If the supplied conditions are optimal, the guideline value of the property shows the property’s true market value. The Government’s land guideline value is the approximate market price of land or property. Despite this, the guideline value is usually less than the market value of the land. However, in some circumstances, the market value exceeds the government recommended value.
The guideline value is significant because it represents the best deal at which property can be purchased or sold. As a result, there will be a minimum guaranteed value when you sell your property. A well-developed property or area has a greater guideline value, than a poorly developed property or area. The guideline value determines the registration value.
How can I check the Guideline Value online?
The guideline value of an item of property will be determined by the street number or survey number of the locality. It additionally becomes depending on the locality’s development.
Step 1: Go to the official website of the Registration Department, accessible at https://tnreginet.gov.in/portal/
Step 2: Head to the guideline value tab. Select a zone.
Step 3: Submit the necessary details, which may include the street number or survey number. Select a Sub Registrar Office, village, and street name.
Step 4: Select the search option, and the street info will be appeared on the screen.
Other services such as binding value calculation, document generation such as abstract draft deeds, and encumbrance certificate can also be accessible in that website link.
FAQ'S ON PROPERTY VERIFICATION
Property verification is the process of conducting a thorough examination of legal documents and records related to a property to ensure its authenticity, ownership, and any potential legal issues. It is crucial because it helps buyers, sellers, and investors make informed decisions, minimise risks, and avoid future disputes or complications.
RegalWhiz Law Chamber offers comprehensive property verification services, including title searches, document scrutiny, due diligence, property registration checks, encumbrance certificate verification, and legal opinion on property-related matters.
The property verification process typically involves gathering relevant documents such as title deeds, sale agreements, encumbrance certificates, tax receipts, and other legal records. These documents are carefully examined by legal experts to identify any discrepancies, litigation history, pending dues, or other issues that may impact the property’s ownership or legal status.
By engaging RegalWhiz Law Chamber for property verification, you benefit from their expertise in property laws, their access to legal databases, and their ability to spot potential legal risks or irregularities. They provide you with a comprehensive report detailing the property’s legal status, ownership details, any encumbrances or pending litigations, and offer professional legal advice based on their findings.
The duration of the property verification process can vary depending on the complexity of the case, the availability of documents. Generally, it may take a few days to a couple of weeks to complete the process and provide you with a detailed report.
Yes, RegalWhiz Law Chamber has expertise in handling property verification for various types of properties, including residential properties, commercial properties, agricultural lands, vacant plots, and industrial properties.
If any legal issues or discrepancies are identified during the property verification process. RegalWhiz Law Chamber will provide you with a legal opinion and guidance on the steps you should take. They may also assist you in resolving the issues through legal means or suggest alternative properties if the identified issues pose significant risks.
Property paperwork must be verified to ensure that there are no outstanding claims or liabilities against the property. Before making a large cash commitment, it is essential for a buyer to verify the property.