DOCUMENTS REQUIRED FOR AVAILING
BANK LOANS
1. Original document
2. Previous document
3. Encumbrance Certificate
4. Possession Certificate
5. Land & Building Tax
receipt
6. Location Map
7. Non-attachment
Certificate.
Encumbrance Certificate:- Encumbrance means the
charges or liabilities created on a particular property, whereby it is held as a
security for any debt of its owner which has not been discharged as on date. The
certificate can be obtained from the concerned Sub-Register Office on an
application in a prescribed form provided by the authorities .In the normal
course it will take around 2 weeks for obtaining the certificate. Government
Authorities and Financial Institution like bank, etc... demand 13 years of
encumbrance. There will be a nominal fee for obtain, it depending upon the
number of years. In an emergency there is a provision for paying " double
fees" for getting it immediately. This certificate will show the genuiness
of owners tittle....The normal course the certificate will be full proof
document, but there can be clerical errors from the Sub-Registar Office, our
vigilances can check this error. Therefore, it is always advisable to inspect
the property personally and to verify and confirm that the original title
documents are available with property owner. Some additional safeguards like
paper notification, searching in jurisdictional courts for any pending cases
would be useful.
Possession certificate : - It can obtained
from the village office concerned for obtaining this certificate an
application on white paper affixing the required court fee stamp addressed to
the Village Officer concerned . There will be no fee obtaining for it .The
Possession Certificate will prove the present possession of the property
concerned as on date.on verifying the relevant documents and site inspection of
the applicant by the Village Officer, he will certified with his signature and
office seal.
Location Map :- It shows the area of
location of the requested property. It contains distance from main station and
if any subway the distance from main road to the property etc. The land mark of
the property, boundaries of the property, measurement of the property, if there
is any building or house the detailed description of the same will be mentioned
in the location map.
Non -attachment Certificate :- The village
officer through the Tehasildar should note any revenue recovery concerning any
legal issue involving the property.
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