What to Know: Checklist Before Buying a Property In 2025
1. Verify Property Title and Ownership
Before you continue with any property deal, ensure:
- The property title is clear and marketable.
- The dealer is the legal proprietor and has the right to sell.
- The land is not under dispute or claimed by multiple heirs.
- Key Records to Ask For:
- Sale Deed (most critical document proving ownership)
- Encumbrance Certificate (appears any legal or financial liabilities)
- Property Tax Receipts
- Mutation Document (proof that the property is registered in the seller’s name)
Pro Tip: Counsel a property lawyer to verify all documents thoroughly.
2. Check Legal Endorsements and Compliance
Legal clearance from the concerned specialists is basic. Without these, the property can be decimated or pronounced illegal.
Ensure the property has:
Ensure the property has:
- Approved format plans by the neighborhood municipality
- Land-use permissions (residential/commercial/agricultural)
- Environmental clearance, if applicable
- Completion Certificate (for ready-to-move homes)
- Occupancy Certificate (verification that the building is fit to live in)
- RERA Registration (for under-construction properties)
3. Budget Planning and Loan Eligibility
Don’t fair see at the offering cost. Get it your whole cost and arrange funds accordingly.
Checklist for financial planning:
Checklist for financial planning:
- Determine your budget based on savings and monthly income
- Include extra costs like stamp duty, GST, brokerage, registration
- Use EMI calculators to know how much loan you can afford
- Apply for pre-approved home loans to increase credibility with sellers
- Loan Documents You'll Need:
- PAN, Aadhaar, and income proof
- Form 16 / ITR
- Property documents (in case as of now finalized)
- Bank statements and credit score report
4. Area and Network Assessment
The property's area is the biggest factor for livability and long-term value.
Key Points to Analyze:
Key Points to Analyze:
- Distance from schools, clinics, markets, metro stations
- Neighborhood security, cleanliness, and community living
- Water supply, internet network, waste management
- Future improvement plans like shopping centers, highways, airplane terminals, or SEZs
- Pro Tip: Visit the region at diverse times (day/night) to get a genuine sense of the locality.
5. Review the Property and Building Quality
Visit the property by and by and see for:- Cracks in walls or ceilings
- Ventilation and natural light
- Water spillage or drainage in bathrooms/kitchens
- Quality of flooring, fittings, and paint
- Lift accessibility, parking space, staircase design
- For under-construction properties, inquire for:
- Site visit permission
- Construction stage updates
- Timeline of possession with penalty clauses
6. Get it the Total Cost Breakdown
Common Hidden Costs Include:
- Stamp duty (5–7% depending on the state)
- Registration charges (1–2%)
- GST (as it were applicable on under-construction properties)
- Parking expenses, floor rise charges
- Society maintenance and club enrollment fees
- Pro Tip: Inquire the builder/seller for an All-Inclusive Quotation in writing.
7. Check Carpet Area vs Super Built-up Area
Know these terms:
- Carpet Area: Actual usable area inside the walls
- Built-up Range: Includes carpet range + wall thickness
- Super Built-up Area: Includes built-up region + shared spaces like lifts, lobbies
- Make sure you're not paying for fair common areas disguised as “extra space.”
8. Evaluate Resale Value and Rental Potential
If your goal is long-term returns, consider:
- Local market cost trends
- Infrastructure advancement nearby
- Demand for rental lodging in the area
- Reputation of the locality (family-friendly, tech zone, etc.)
- Use platforms like southbays.in or 99acres to study resale listings.
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