Purchasing a resale property in Bangalore requires thorough due diligence to ensure a smooth and legally compliant transaction. Below is a comprehensive checklist to guide you through the process:
- Property Documents Collection
Ensure you collect all relevant property documents from the seller, including:
- Sale deed
- Mother deed (previous ownership documents)
- Encumbrance certificate (EC)
- Latest property tax receipts
- Approved building plan
- Occupancy certificate (if applicable)
- Document Verification
Engage a legal expert to verify the authenticity of the collected documents. This step ensures that the property has a clear title and is free from legal disputes or encumbrances.
- Sale Agreement
Draft a detailed sale agreement outlining the agreed price, payment terms, and obligations of both parties.
- Sale Agreement Adjudication
Get the sale agreement adjudication (stamped) by paying the applicable stamp duty at a sub-registrar’s office or an authorized bank.
- Home Loan (if applicable)
If financing the purchase through a home loan, initiate the loan application process and ensure the lender verifies the property’s legal status.
- TDS Obligation
If the property value exceeds ₹50 lakh, deduct 1% TDS (Tax Deducted at Source) from the sale price and remit it to the Income Tax Department.
- General Power of Attorney (GPA) (if applicable)
If the seller is unavailable for registration, ensure they provide a legally valid GPA authorizing a representative to complete the transaction on their behalf.
- Government Fees
Pay the necessary government charges, including:
- Stamp duty
- Registration fee
- Cess (if applicable)
- Sale Deed Registration
Execute and register the sale deed at the sub-registrar’s office to transfer ownership officially.
- MODT (Memorandum of Deposit of Title Deed)
If purchasing through a home loan, execute an MODT agreement with the lender, acknowledging the bank’s lien on the property until loan repayment.
- Khata Transfer
Apply for Khata transfer with the local municipal authority (BBMP/BMRDA/BDA) to reflect your name as the new owner in municipal records.
- Name Change in Property Tax Records & Utility Bills
Update your name in:
- Property tax records
- Electricity, water, and other utility bills
Need Assistance?
We provide end-to-end support for buying resale properties in Bangalore, including:
✅ Property valuation
✅ Document verification
✅ Sale agreement drafting
✅ Sale deed registration
✅ Khata transfer
✅ Name change in property tax records
For expert guidance, contact us:
📧 pgnproperties@gmail.com
📲 WhatsApp: +91-9742479020
Thank you for reading!