{"id":171,"date":"2020-03-06T15:48:19","date_gmt":"2020-03-06T10:18:19","guid":{"rendered":"http:\/\/www.tmrinfra.com\/blog\/?p=171"},"modified":"2024-01-31T14:25:19","modified_gmt":"2024-01-31T08:55:19","slug":"the-importance-of-legal-documentation-while-buying-plots","status":"publish","type":"post","link":"https:\/\/www.tmrinfra.com\/blog\/the-importance-of-legal-documentation-while-buying-plots\/","title":{"rendered":"THE IMPORTANCE OF LEGAL DOCUMENTATION WHILE BUYING PLOTS"},"content":{"rendered":"\n<p>Imagine waking up\nto the sounds of birds chirping as gentle rays of the sun brighten your cozy\nlittle garden. You sit with your family enjoying a morning breakfast in your\nvery own sit-out. All of this is possible only when you own a plot, and that\u2019s\nwhy it is often considered a dream investment. Buying a plot is also an\nemotional investment. Owning a piece of land has several long term benefits\nfrom a returns perspective. But at the same time, buying a plot of land calls\nfor a higher degree of precaution as the legal documentation is a little\ndifferent from that of buying a residential property. This increases the risk\nof duplicity and in some cases, even fraud. The best way to safeguard oneself\nagainst such unfortunate occurrences is the \u20187\/12 extract\u2019. It is document that\nprovides complete information about a land property including details like:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Name of the owner <\/li><li>Survey number of the land<\/li><li>Size of the land<\/li><li>Type of the land \u2013 N\/A or not<\/li><li>Location of the land with respect to infrastructure facilities like water bodies and roads<\/li><li>Loan&nbsp;extended to the land owner <\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>The 7\/12 extract is\nimportant because it serves as a proof of the land title. It can be used to\ncheck any previous conflicts associated with the property. Buying a plot from a\nreliable plotting project developer instead of an individual is more advisable\nas it simplifies the process and smoothens out the hassles. In case you are\nbuying a plot from an individual, it is important to check if the property is\nfree from any litigation or not. Even in such cases, the \u20187\/12 extract\u2019 comes\nhandy as the Court may require the land record proofs in case of any civil\nlitigation and the document is also useful for sale transaction at\nSub-registrar\u2019s office. The document can be availed from the revenue department\nof the government against a nominal fee. In case of mutation (transfer of\nownership) the document is to be submitted with the name of the new owner.\nTransfer of property title is done through sale deed.<\/p>\n\n\n\n<p>In addition, if the owner wants to raise a loan from the bank, 7\/12 extract is essential. Thus from a buyer\u2019s perspective, it is imperative to scrutinize the documentation with a fine-toothed comb to avoid any hassles at later stages. Another factor is the availability of good infrastructure and easy accessibility. Buying a plot within a plotting project gives you the benefit of well planned basic infrastructure such as paved roads, electricity and recreational amenities as well. Even a large plot bought cheap would be difficult to develop and live in if these basic requirements are not fulfilled. Buying a plot that is RERA Approved or HDMA Approved where applicable, usually solves your basic governmental clearance issues. When it comes to certain parts of Hyderabad, having a DTCP approved layout is always preferred as it comes with a host of infrastructural advantages. That\u2019s why you should always go for a plotting project that offers both <a href=\"https:\/\/www.tmrinfra.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"RERA Approved plots and a DTCP Approved Layout.  (opens in a new tab)\">RERA Approved plots and a DTCP Approved Layout. <\/a><\/p>\n\n\n\n<p>If you are looking forward to invest in land in Hyderabad &amp; Telangana, <a href=\"https:\/\/www.tmrinfra.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"TMR Group (opens in a new tab)\">TMR Group<\/a> can help you achieve your goals of prosperity with the best plotting projects. Rooted in 16 years of trust, transparency and ultimate customer satisfaction, our projects have helped our ever-growing customer base enjoy amazing returns on affordable investment. With RERA &amp; HDMA Approved projects featuring DTCP Approved Layout, our fully clear title plots at prime locations in Hyderabad &amp; Telangana are your opportunity to rise with your land, your prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imagine waking up to the sounds of birds chirping as gentle rays of the sun brighten your cozy little garden. You sit with your family enjoying a morning breakfast in your very own sit-out. All of this is possible only when you own a plot, and that\u2019s why it is often considered a dream investment. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[54,22,27,4,12,5],"tags":[70,45,56,302,151,135,158,157,51,299,55,150,10,134,141,155,133,138,303,36,177,298,76,148,300],"class_list":["post-171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-documentation","category-plots-in-hyderabad","category-property-investment","category-real-estate-hyderabad","category-things-to-know-about-land-plots","category-tmr-group","tag-buying-a-plot","tag-buying-plots","tag-dtcp-approved-layout","tag-easy-accessibilty","tag-gated-comunity-plots-in-hyderabad","tag-hmda-approved","tag-hmda-approved-residential-plots-in-hyderabad","tag-land-for-sale-in-hyderabad","tag-land-investment","tag-land-title","tag-legal-documentation","tag-maheshwaram","tag-open-plots-in-hyderabad","tag-open-plots-in-maheshwaram","tag-open-plots-in-shadnagar","tag-plots-for-sale-in-hyderaabad","tag-plots-in-maheshwaram","tag-plots-in-shadnagar","tag-rera-approved","tag-rera-approved-plots","tag-residential-property","tag-the-importance-of-legal-documentation","tag-tmr-group","tag-tmr-infra","tag-well-planned-basic-infrastructure"],"yoast_head":"<!-- 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