Property title search is the process of collecting all documents to trace the history of property to determine who has been owner, who the property has got transferred from owner to owner and to determine all relevant interests in property. When an NRI is to buy a property, title search is conducted to determine whether seller has valid ownership in law, whether he alone can sell that property, whether or not all regulatory dues and taxes are clear, whether there are any lien on property, whether there is any history of litigation in regard to that property. The documents which are studied include jamabandi, khasra girdawry, registered sale deeds, CLU, history of seller or builder etc.
Securing your property in India
Several of our lawyers are empaneled with banks which get title searches conducted through lawyers on daily basis to give secured loans to individuals, corporates and institutions. Because of our experience in the handling the nuances of title search, we are fully equipped to assist NRI in safely acquiring, selling and maintaining property.
How a title search is conducted:-
1. Information collection – Property papers are collected from client, or if client does not have them, from revenue and municipal authorities. This a major part of title search and lays foundation of perfect title search.
2. Comparisons – If documents have been provided by client, we compare them with official land records.
3. Spot Surveys – Spot surveys are conducted to ensure possession. We also ascertain in title search as to whether land is possession of real owners, illegal encroachers, leased with banks etc. We ask neighbors about possession, inform them about ownership and possession.
4. No Dues – Many a times, property is subject to government and other charges. We ascertain the correct figure and update our clients.