Basic Document to be checked before buying a property.
– Title Search Report of minimum last 13 years
– 7/12 Extract from last 1960 to current year
– 8/A Extract
– Demarcation Sheet
– Residential N.A Order
– Residential T.P Sanctioned Layout
FEATURES | RESIDENTIAL NA PLOTS | AGRICULTURE LAND (FARMHOUSE PLOTS) |
FSI ( construction permission) | 1:1 or More e.g. For 1000 Sq.ft plot you can construct 1000 Sq.ft and more | 1: 0.0375 max upto 400 Sq.Mtrs e.g. For 1000 Sq.ft plot you cannot construct more than 40 Sq.ft |
Floors Permissible | Multi Floor | Single Floor |
Purchase Area | Minimum can be from 1,000 Sq.ft | Minimum 11,000 Sq.ft (11 Guntha) |
Loan | Available | Not Available |
Purchaser | Any one including NRI even corporate companies | Individuals holding farmer certificate |
Sanction | Layout is designed as per the rules of T.P & is approved by T.P | Not Sanctioned & Not designed as per rules |
Type of Construction | RCC construction | Only Wooden Shed |
Govt. Approvals | All Sanctions from various govt. dept. | Not Sanctioned |
Appreciation | Highest than other properties | Compared lower |