Property Knowledge: Buying a house or property is an important process, which requires a lot of capital and time. It is not just a transaction of money, but it also involves many complexities and legal aspects. For this reason, fraud is common in the property sector. It is important to take steps with correct information and caution, so that the investment remains safe and any kind of problem can be avoided in the future.

There are so many documents and processes for buying and selling a property that it becomes complicated for the common man to understand it. One such document is the Non Encumbrance Certificate. This document is as important as the registry and mutation related to the property.

According to property experts, along with registration papers and mutation documents, an encumbrance Certificate is also very important in buying property. Especially in big cities like Delhi and Mumbai, where most flats or houses are bought from the builder, and there is a lack of acquaintance, this certificate becomes mandatory. This ensures that there are no legal restrictions or dues on the property. Therefore, it is necessary to obtain a Non-Encumbrance Certificate from the builder so that there is no problem in the future.

Why is this certificate necessary-

You will be surprised to know that a Non-Encumbrance Certificate contains information about all the transactions related to a property during a specific period. Usually, a Non-Encumbrance Certificate contains information about 12 years of transactions related to a property, meaning it contains the entire history of the property. For example, who bought it, who sold it, what was its value, and whether there is any loan on it or not. In such a situation, if you want to take a loan before buying a property or want to take a loan on that property after buying it, then the bank can ask you for a Non-Encumbrance Certificate. Apart from this, if you want to sell this property in the future, then this certificate will be very useful to you.

Where to get the certificate-
To get a Non-Encumbrance Certificate, you will have to go to the Tehsildar office and fill out a form. A nonjudicial ticket of two rupees is also required on this form. The reason for getting the certificate is that an attested copy of the address proof will also have to be attached with the form. The form should also contain the survey number, location and other details related to the property. After fully preparing the application, it will have to be submitted to the Sub-Registrar's office. You will get the certificate within 20 to 30 days.

Fees are charged for the certificate-
To get the certificate, you will have to deposit fees to the administration. This fee is determined according to the duration of the certificate. The certificate is usually valid only till the end of the financial year. For example, if you have asked for a certificate for 10 years and applied in November 2023, then you will get the certificate only till 31 March 2024. Therefore, before applying, keep in mind to properly assess the duration and fees of the certificate so that it is suitable according to your needs.

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