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Property shows unregistered fro loan what can be done
18-Jan-2023 (In Property Law)
Dear sir/ Madam I am giving the details of my issue. 1.Mr.X has purchased the land property from Mr.Y in year 2002 based on notary but with out registration and constructed the house ,2. Mr. Z has purchased the same property from Mr.X in 2005 based on Notary but with out registration. 3. Mr. Z has given the property to his wife Mrs A as gift registered in 2008. 4. Mrs A has given the property to his son Mr B in 2016. In above 1&2 saledeeds are unregistered. Now we applied for loan on that property for constructing the 2 floors. But legal adviser objected the unregistered saledeeds. Please let us know the solution for this issue. We look forward to your advice
At the time of purchasing your dream house, one of the major problem faced by almost all buyers is to collate information on List of Documents Required for Property Purchase or Home Loan…I also faced same issue and i did lot of research on internet but could not find reliable List of Documents Required for Property Purchase or Home Loan. Almost all articles mentioned just list of 6-7 documents like Sale deed, Sale agreement etc.which everyone knew but since its life time investment therefore it is necessary to know complete list….Even after compiling list another major challenges were to understand 1. What is this document or What this document is all about?
2. Why it is required/relevance?
3. Is it mandatory to have this doc?
4. Should i ask for original or xerox?
5. Is it required for Home Loan or for Property Purchase?
You must have read a management lesson that in order to teach swimming, just push that person in water, this is how i collated list of documents required for property purchase & found out their relevance i.e. i answered all 5 questions in my compilation..For the benefit of my readers, i am pinning down List of Documents Required for Property Purchase or Home Loan (List of 33 documents) though all docs are not required in all cases but this is consolidated list..I will keep updating this list as and when i will come across any other document required but i tried my best to compile 100% List so that its easy for my readers to refer only 1 list.
2. Why it is required/relevance?
3. Is it mandatory to have this doc?
4. Should i ask for original or xerox?
5. Is it required for Home Loan or for Property Purchase?
You must have read a management lesson that in order to teach swimming, just push that person in water, this is how i collated list of documents required for property purchase & found out their relevance i.e. i answered all 5 questions in my compilation..For the benefit of my readers, i am pinning down List of Documents Required for Property Purchase or Home Loan (List of 33 documents) though all docs are not required in all cases but this is consolidated list..I will keep updating this list as and when i will come across any other document required but i tried my best to compile 100% List so that its easy for my readers to refer only 1 list.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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What is the process of notary?
The process of notarizing documents can vary depending on the state. However, there are three basic steps to the process: verifying that the document is signed by the right person, observing their signature, and then marking it with a seal or stamp. 04-Nov-2022
What is the meaning of notarized property?
What is notary land? A notarized deed will be recorded in county records when you purchase real estate. This allows the public to look up who owns the property. Notaries are used to stop fraud by preventing criminals from filing a false deed.
Is notarized property legal in India?
Transfer of ownership is done via a sale deed/ conveyance. In notary registration, no legal documents are created. As an owner you have no rights over the land, even if it is purchased. Legally, you cant become an owner of land in a notary property.
Is notarized sale agreement valid?
The sale deed for property must be registered. You cannot notarize a sale deed. It is invalid.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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