One of the prominent zones of NCR or National Capital Region is Noida, which is fast becoming a real estate haven for the buyers as well as sellers. State-of-the-art infrastructure, open spaces, multiplexes, health and medical care centers, schools, colleges and Universities, shopping complexes & malls and excellent connectivity make it a perfect location to buy a house and settle down.
Some of the most reputed builders of the country have chosen Noida as a place for their prestigious residential and commercial projects. These projects offer an extensive range of modern amenities and a chance to live an uber-sophisticated lifestyle. The premium location of these apartments enables potential buyers to make a quick decision for buying a house that they can call a home.
Are you planning to buy a house in Noida?
If yes, it is important to know about the documents that you must possess to buy a property. It is imperative to understand that documentation is an inherent part of the long and tedious process of property acquisition. To prevent the process from getting all the more complicated, it is wiser to line up all the necessary documents that are required for the process to complete.
Depending on the property being purchased, you will need certain documents. Moreover, these legal documents also need to be verified.
If you are planning to buy a house or a residential plot, you need to follow the below mentioned steps while holding the required documents:
Step 1: Receiving of booking form from the builder
Step 2: Duly filled booking form along with necessary documents namely, ID proof, cheque and copy of PAN Card
Step 3: Initiation of the payment procedure (vary from builder to builder)
Step 4: Receiving of Builder – Buyer Agreement
Step 5: Completion of payment (depends on the payment plan chosen by the buyer)
Step 6: Receiving of No Dues Certificate from the builder
Step 7: Initiation of registry procedure along with submission of necessary documents namely, PAN Card, Aadhar Card, No Dues certificate, and the presence of witness and documents of the witness.
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Documents to be verified by the buyer which should be in the possession of the seller:
- a) Sale deed copy through which the seller gets property title;
- b) All earlier sale deeds copies for the verification of all the past owners of the property;
- c) Sale deed registration details.
- d) Property Sale Agreement.
- e) Payment receipts from the purchaser to the seller.
- f) Sale deed copy for the purpose of registration.
Documents needed for applying for a Home Loan:
If a buyer is looking to avail the home loan from a financial institution or a bank, the following documents are required to be submitted for applying for a home loan.
|Salaried Employees||Self Employed/Professionals|
|Duly filled Application Form with Photograph||Duly filled Application Form with Photograph|
|Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)||Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)|
|Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)||Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)|
|Education Qualifications – Latest Degree(preferred)||Education Qualifications – Latest Degree(preferred)|
|Last 3 months salary slip from the employer||Certificate & Proof of business existence along with Business Profile|
|Form 16 for last 2 years||Last 3 year’s Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant|
|Last 6 months Bank Statements(salary account)||Last 12 months Bank Account Statements (self & business)|
|Processing Fee Cheque in favor of ‘Loan Provider’||Processing Fee Cheque in favor of ‘Loan Provider’|
|Photocopy of Title Documents of the Property, Approved Plan||Photocopy of Title Documents of the Property, Approved Plan etc.|
All documents need self-attestation.
Please Note: Documentation may vary depending upon the bank.
Rules and regulations vary from state to state. So, when planning to buy a house in Noida, it is important to follow the regulations of this place. Getting all the documents ready and verified make the process of buying a house easy and hassle-free.