Property Tips: Thinking of buying property? Check these 10 things before closing the deal to avoid significant financial loss.
Land Buying Tips: Before purchasing land or property, it is crucial to thoroughly verify all documents, ownership rights, and records; a decision made without proper due diligence can lead to fraud and financial loss later.
Property Fraud Prevention: Fraud cases related to land and property purchases are on the rise. If you are planning to buy a plot, farmland, or any other type of land, do not make a decision without proper investigation. The Madhya Pradesh Revenue Department has highlighted key points to raise public awareness; ignoring them could result in heavy losses.
Before buying land, it is essential to properly verify all documents, ownership rights, and records. Decisions made in haste often lead to legal and financial complications later.
Steps to take before buying land:
Buyers should first examine all land documents.
Thoroughly check the *Khatauni*, *Khasra*, and other revenue records. This reveals in whose name the land is registered and whether the records are accurate.
Before purchasing, it is vital to check if there are any ongoing court cases or disputes regarding the land. Land bought without such knowledge can often get entangled in prolonged legal battles.
Verify whether the land has been mortgaged to a bank or is tied to an outstanding loan.
Do not rely solely on paperwork; visit the site to inspect the actual possession and boundaries of the land.
Cross-check the government map with the land's actual condition on the ground to prevent future boundary disputes.
Verify whether the seller is the rightful owner and determine the land's classification (agricultural, residential, or commercial).
Examine the land's previous sale deeds and registration records.
Ensure all documents are verified before the final registration.
Have all documents checked by a knowledgeable lawyer or the concerned official before paying the earnest money or an advance. Exercise caution before paying the earnest money.
The Revenue Department has clearly stated that one should never pay an advance or earnest money without obtaining full details regarding the *Khatauni* (record of rights), *Khasra* (plot record), map, status of possession, and any existing disputes. A little caution can save you from significant financial loss and legal trouble.

