How NRIs Can Ensure Proper Documentation For Property Purchases In India
Purchasing property in India as a Non-Resident Indian (NRI) can be a lucrative investment, but it also involves a follow up through various legal and documentation requirements. Ensuring that all paperwork is in order is crucial to avoid legal complications and safeguard your investment. To ensure proper documentation for property purchases in India, NRIs should follow these guidelines:
- Title Deed: Verify that the title deed is in the seller’s name and free from disputes.
- Occupancy Certificate: Obtain this to confirm the property meets safety standards.
- Encumbrance Certificate: Ensure no legal liabilities exist on the property.
- Khata/Mutation Documents: Check ownership records are accurate.
- PAN Card: Essential for tax purposes.
- Power of Attorney: Required if unable to be present during transactions.
- Proof of Address: Recent utility bills or similar documents.
- Tax Receipts: Confirm all property taxes are paid.
By thoroughly understanding the documentation process and seeking professional legal advice, NRIs can get the guidance they need regarding the property purchases in India. Proper documentation not only ensures a smooth transaction but also protects your investment in the long run.
For more knowledge on legal provisions and remedies available for NRIs on property and family matters, explore Apnilaw.
