Before finalising the purchase of any property, it is important that establish that there is a valid title of the property. This makes it the very first step of any property purchase to make sure that all the legalities attached to a property are in place so that no legal dispute arises in the future. The title of the property is the proof that it is not already owned by anyone.
Property verification is the process of performing due diligence regarding the documents associated with a property. It includes conducting a complete background check regarding the genuineness and trustworthiness of such property documents. Verification of property also includes conducting an in-depth analysis of the property's floor plan, photographs provided by the seller, documents relating to construction and cross-check of amenities and landmarks.
The procedure of property verification in India begins when all the property documents are submitted. Once the documents are received, the property lawyer begins the property verification procedure. The property lawyer ensures that the documents associated with a property purchase are valid and performs a complete check on the tile and rights of the seller.
The property verification process also will also verify the previous records of the property, including a check on property registration and whether the stamp duty has been paid or not.