BDA property Checklist

Bangalore Property at Makaan.com

There is a confusion in the minds of people, who are first time property buyers, regarding the paperwork and document that one should check while investing in Bangalore real estate. Before buying any property one check check that all the documents are clear and they clearly state details of ownership and transactions:

It is important for the buyers to ensure that Bangalore Development Authority (BDA) process for developing residential lands was done by converting agricultural land into residential properties in Bangalore.

Allotment Letter: This letter is issued by the BDA to the original property owner. If the current real estate Bangalore property holder is a second or third property holder then one must check all the transfer deeds which will clearly state ownership rights in the legal papers.

Possession Letter: BDA issues possession letter in favor of the current owner.

Sale Deed: Sale Deed is a document issued by BDA that gives specific details on the execution of sale and registration of property in favor of the allottee.

Absolute Sale Deed: This document is issued after ten years from the date of the original allotment. After a period of 10 years BDA registers the property in the name of the owner.

Building Sanction Plan: This is mostly issued by the BDA, where construction of the home is set to start.

Khata Document: BDA allotted properties in Bangalore will get a Khata document which will bear all approvals.

Tax Paid receipts: Its is essential for any prospective buyer of real estate Bangalore to check all the tax receipts. It should be checked that the current property owner has all Tax Paid receipts since the day of allotment of real estate Bangalore property. The current  property holder of real estate in Bangalore is expected to pay tax regularly every year and all the tax receipts should be handed over as proof of ownership to the new buyer.

To more more information check various properties websites. Real estate websites will give out all the relevant information to prospective or first time buyers.