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Procedure to claim ownership to get loan under adverse possession
10-Dec-2023 (In Property Law)
Sir I purchased open land about 20 years back and constructed house about 13 years back and got house number in my name. i went to get Bank loan. Banker asked revenue records of survey number but it was wrong. so can i claim my ownership to get loan under Adverse possession in the eye of Law. Please advise sir. G.Gangadhar.
Hi,
This is M.A RAHEEM KHAN , Advocate From: Hyderabad @ lawrato.com
You have to file the suit for declaration before the civil court to declare yourself as owner on basis of adverse possession after suit will decreed then you become the legal owner then you can apply for loan on the grounds of Judgement passed by the court.
This is M.A RAHEEM KHAN , Advocate From: Hyderabad @ lawrato.com
You have to file the suit for declaration before the civil court to declare yourself as owner on basis of adverse possession after suit will decreed then you become the legal owner then you can apply for loan on the grounds of Judgement passed by the court.
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Adv. MA Raheem Khan
Hyderabad | 200+ Answers
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You can not get loan on adverse possession of land better to go and approach concerned registry to rectify the survey number if not file in court to get correct survey number after placing all necessary documents
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Adv. P V Reddy
Vijayawada | 100+ Answers
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In your case you have to file a suit for declaration in the local court where the property is located and even the Revenue Authorities should made a party to the case and you should show documentary proof like Power Bills, Property Tax and physical possession over the property.
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