The following are the documents required for purchase of Converted Revenue Lands:
1. Conversion Order issued by the Deputy Commissioner.
2. Conversion amount paid receipt.
3. RTCs for 30 years issued by the Village Accountant.
4. Tax Paid Receipts issued by the Village Accountant.
5. Documents of ownership.
6. Mutation Register Extracts.
7. Akarband/Tippani/Podi Extracts.
8. Surveys/Boundary Map.
9. Village Map.
10. Nil Tenancy Certificate.
11. Confirmation from the competent authority that there are no acquisition proceedings.
12. Layout Plan Approval by the competent authority.
13. Khatha Certificate issued by the Revenue authority.
14. Latest Tax Paid Receipts.
15. Encumbrances for the last 30 years.
16. Power of Attorney (if any)
17. Zonal Regulation Map.
IV Business Development Authority (BDA) Sites
Legal Documents required for purchase of Business Development Authority property:
1. Allotment Letter.
2. Receipts of payment of site value.
3. Lease-cum-Sale Agreement.
4. Possession Certificate.
5. Absolute Sale Deed.
6. Khatha certificate (from the Business Development Authority).
7. Khatha certificate (from Bangalore Mahanagara Palike if the property comes within the corporation revenue jurisdiction).
8. Latest Tax paid receipts
9. Tax paid receipts (from Bangalore Mahanagara Palike).
10. Encumbrance Certificate from the date of allotment to the date of possession.
11. Re-allotment Letter / Re-conveyance Deed if property re-conveyed by the Business Development Authority (BDA).
It would be ideal on part of the property purchaser to make sure that the vendor has a clear marketable title of the property and the property is free from encumbrance. Most of the encumbrances may be discovered by verification of records at jurisdictional sub-registrar’s office and on legal verification of the documents. Along with verification of above mention documents depending upon the type of property (commercial, agriculture) the buyer is going to purchase.
Further it’s advisable to avoid as far possible acquiring a property via Power of Attorney route since it may be objectionable/ questionable litigation may crop up in future. And precaution should be taken to ensure that there are no prior agreement holders or pending litigation on the property. This can be done by inserting advertisements in the local newspapers about the intention of the purchaser to purchase the property.
Lastly documentation is one of the significant steps in whole process of acquisition of immovable property. Particularly more significant in case of housing societies where in a builder develops, constructs and sells a number of flats in a multi-storey building. Always agreements need to be stamped as per Karnataka Stamp Act, 1957 and along its rules.
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