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3 Things to Consider Before Buying Plot for Sale in Odisha

Plot for sale in Odisha 

Getting the right location or right land for your dream home is the most difficult task for anyone. Sometimes finding a good location but no other facilities are available. Sometimes other facilities are conveniently available if the land or plot is not so good. However such things create a dilemma in buying a proper plot for sale in Odisha. Therefore look for three things at first to buy a plot in Odisha. 

1. The Documentation

A bunch of thick papers seems boring to go through, however, it is a bare necessity. Therefore we are making a list of documents that you must ask the seller. 

The Title Deed

If anyone is offering a photocopy of the title deed, then don't accept that. Ask for the original one. Because the land must be in the name of the seller. Next check whether the seller has all the rights to sell the land or not. You can even check these through by running a 'title search' on the registration website of the state government. However, we advise you to be with your lawyer always. Consult your lawyer to check authenticity at first. 

Encumbrance Certificate(EC)

It is the document that you need to find out whether the plot for sale in Odisha is free from any litigation or not. You can collect it from the sub-registrar's office where the Sale of Deed of the plot has been registered. you can take EC for the last 13 or 30 years. 

Release Certificate

This is only needed when you are buying a resale property. This certificate helps yoto ensure the seller has cleared all the loans of the property. The bank issues a release certificate. 

Original Land Deed

It is mandatory, you must ask for the original land deed of the present owner and all the previous owners if there is any. 

Tax receipts and bills 

Make sure to collect the original bills and tax receipts from the seller. 

NA Order 

Check out whether your plot for sale in Bhubaneswar is converted to non-agricultural land or not. It means it should be in the Yellow Zone as per Bhubaneswar Development Authority. 

2. The GroundWork 

Measure the land

Check the dimension of the plot you want to buy. A surveyor also can do this job for you. 

Check the FSI

The floor Space Index of the land will determine the extent of construction on a piece of land. 

Appreciation Potential

You need to do good research on your plot for sale in Bhubaneswar. Because you also need to see whether you are getting good returns or not. 

3. The Actual Procedure

Sale Agreement

In the case of property, the first step is to draft a sale agreement, which covers land particulars, agreed cost between the two, when sale actually takes place,cancellation clause.

Title Deed 

It is the second thing you ask for a plot for sale in Odisha. 

Receipt 

Get the receipt of payment with stamp duty. 

Once the land is registered, next you will get the approval for your house plan at the plot for sale in Odisha.