Here are four common ways property is sold fraudulently which you should be aware of.
When title deeds or revenue records are fabricated
It is imperative to check if the property you’re buying has a clear title and is in the name of the seller whether it’s an apartment, land or an independent house. Moreover, the original sale deed should have been registered. You should thoroughly cross-check the entire chain of documents. The chain starting with title deed which validates that the seller is the true owner of the property to sale deed, encumbrance certificate, property tax receipts, among other things.
“As one applies for the encumbrance certificate from the sub-registrar’s office, the document should reflect the name of the owner,” says lawyer Saravpreet Gurna, who practises in the Punjab and Haryana High Court. The encumbrance certificate certifies that the property has no dues. This means that the title of the property is clear and marketable. In addition, all the transactions related to the flat will be displayed on this certificate. A fake document quoting similar details as mentioned in the original sale deed could also be prepared. “Without…
