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I would like to state that I bought a site in BSK VI stage. I am desired to know more about the area and the progress that is being taken place. By what time the area will be fully developed to proceed on constructing a house.
What are the documents other than sale deed,  Khata, tax paid receipt required to avail loan from the banks? Is encumbrance certificate to be made if the allotment is made by the BDA directly?

- by Sri Venkatesh, Bangalore

You have not informed how you got the site, whether by allotment from BDA or by direct purchase, Banks require title document, which establishes the ownership of borrowers. In case of direct purchase, apart from your sale deed, Khata certificate and tax paid receipts in your name, the title documents and revenue documents of the property establishing the right, title, interests of the person who sold the property to you are required. It is necessary to trace how the seller acquired the property and its origin  at least for forty year. In case of the property is allotted by BDA, the allotment letter, possession certificate, amount paid receipts are required in addition to sale deed, Khata and tax paid receipts. Encumbrance certificates at least for 13 years is essential for any type of property. If you are going for construction, approved plan is also required. Though this column is not for forecasting the future development of any area the area in which your site is situated may develop within a couple of years.

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These are all the legal questions answered by Advocate S.Selvakumar in various magazines, in various occasion including realestate reporter monthly.

QUESTIONS

Q:- There are two houses in a compound. I am staying in the house which is behind my cousin's. To reach the road we have been using the passage that runs through my cousin's property for more than 25 years. He sold his property to another person without our knowledge and the new owner is obstructing our passage to the road. There is no other alternative route to the road. What shall we do?

Q:- Certain hidden facts like pending cases, prior agreements, government notification of the property cannot be traced easily by verification of the documents. How can these hidden factors be uncov┬Čered, and what should a purchaser do to protect himself against these factors?

Q:- What is the procedure for Khata transfer and the actual cost to transfer the Khata. How do we know that the Khata transfer certificate is original?

Q:- I am not able to understand the difference between Khata Certificate and Khata Extract. Would you please enlighten me on this?  Could you also brief me about the importance of Encumbrance Certificate?

Q:- My son wants to purchase a plot near Horamavu, but on verification of CDP map, the plot was found to be in green belt area. I have been advised that non-agriculturist is not eligible to purchase agricultural lands. The present owner assures me that the problem can be solved by registering the land in Sq, fts. Instead of guntas. My father is a farmer. Many such transactions have taken place. Can my son purchase this land and construct a house. There are also chances of land being notified by BDA, in that case what are the consequences?