There could be people who forge the property title deed and might offer the same for selling. Property verification helps the buyer not to indulge in fraudulent transactions and makes it a happy deal for both the parties as both shall be enjoying the right deal with proper and verified documents.
PROCESS OF PROPERTY VERIFICATION:
FIRST PURCHASE:
If you have less knowledge in buying a property, the following documents should be verified and looked into before finalizing the deed:
Approval and Licenses
Title Deed
Release Certificate
Check Encumbrance Certificate
Verify Land Use
Approval by Local Body
Property Tax Receipts
List of banks financing the Project
Calculate the Cost Yourself
Verify the Builder
Buy Vs. Rent
The Right Payment Plan
Size of the Property Involved
Checking of Infrastructure Plans
Checking the Site
Registration of the Plot
S. He, I. Cunha, and E. Katz-Bassett. Proceedings of the 2024 ACM on Internet Measurement Conference, page 365–374. New York, NY, USA, Association for Computing Machinery, (2024)