Essential Property Documents Needed To Buy Villas In Thrissur

If you are house hunting in Thrissur, you may be aware that there are several factors to consider before buying villas.  You need to think about the location, your budget, housing loans, the size of the villa, the builder, and so on. One of the most important things you must know, especially when you are in the later stages and close to finalizing your purchase, is the documents needed to buy villas in Thrissur. 

Sale Agreement

The sale agreement sets out the terms and conditions of the sale, the price for which it’s sold, the loan taken, payment schedule, the parties, date of handover, details of all parties involved, and so on. This ensures that there is no ambiguity or confusion later.

Title Deed

This document is a proof of transfer of ownership of the property from the seller to the buyer, and you are required to register this by law. Every party involved in the sale has to affix their signature on this document. As the buyer, you must ensure that there is no encumbrance on the property and that the title is clear. Then, you must register the deed in the sub-registrar’s office where your villa is located.

Title Search and Report

This simply means that you have verified the title history of the property as available with the authorities. This document is crucial while applying for home loans as it includes details like names of titleholders, joint tenancy, property description, etc.

RERA Certificate

A RERA certification says that the builder has followed all norms as specified by the real estate regulating authority; it is granted after inspection by the relevant authority. RERA registered villas mean that the builder is credible and diligent.

Property Tax Receipts

These receipts are proof that the seller has paid property taxes due on the villas in Thrissur, and that there are no taxes pending. They are important documents that support the property’s identity and are proof of the legality of the property.

Encumbrance Certificate

Confirm that there are no encumbrances or loans on the property by availing the encumbrance certificate. It details every transaction made to date on the property.

Occupancy Certificate

After the villa is complete, the municipal corporation conducts an inspection to verify that it was constructed as per the submitted and approved plan, and that it is fit to be occupied.

NOCs

Depending on the location of the property and in which zone it belongs to, builders in Thrissur may need to obtain no objection certificates from departments like Environment, Sewage, Forest, Traffic, Pollution, SEZ, and so on.

Sanctioned Building Plan by Statutory Authority

This is the building plan submitted by the builder to the authorities. Construction can begin after it is approved, and it must proceed as per the plan. Buyers can check the plan to verify if the construction is happening as planned.

Development Agreement with the Builder

This is a legal agreement between you and the builder, which defines the terms and conditions of property development. It is required if you book a villa at the launch stage.

Conclusion

Are you looking for budget friendly villas in Thrissur? You have come to the right place. Hi-Life Builders is one of the most reputed builders in Thrissur with affordable, elegant, and comfortable villas that offer security and convenience. All our projects have RERA approval, and we diligently furnish all requisite documents to provide our customers with a hassle-free experience.

FAQ

What are the key documents needed to check before buying a villa in Thrissur? 

Before purchasing a villa, it is essential to verify the Sale Agreement, Title Deed, Encumbrance Certificate, Property Tax Receipts, and the Occupancy Certificate. Additionally, ensure that the villa has RERA certification and NOCs from relevant authorities.

Why is the RERA certificate important when buying a villa? 

The RERA certificate confirms that the builder has adhered to the guidelines set by the Real Estate Regulatory Authority. It guarantees that the villa meets quality standards and assures the buyer of the builder’s credibility.

What makes Gated Community Villas in Thrissur a preferred choice? 

Villas in Viyyur,Thrissur within gated communities offer enhanced security, exclusive amenities, and a peaceful living environment. These villas provide a perfect blend of privacy and community living, making them an ideal choice for families.Moreover, buyers should ensure that all documents needed for legal verification are in place before making a purchase.