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Know More About Title and Search Report

 Title and search report of property is a certificate or search report of the property that states whether the land have any debt or any financial liability or any sorts of burden. Title search report (Also known as Land search report) is very important in many cases such as to check the legal ownership and incase of disputed land.

What is Title and Search Report?

The title and search report of the property is a certificate stating the ownership of the land. This can be obtained from the advocate of the ownerof the property and one can have his advocate inspect the report to find and make sure the title of the property.

Who conducts a title search and issues a report?                

It is obtained from advocate. First the essential documents such as Ferfar (Transfer of deed), 7/12 certificate are collected. Then he checks the history from the document like the Loan history of the land, dispute of the land, etc. If the title and searchreport is required for 30 years then the 30 years old records of Ferfarare generated. Generally Search Report and Title certificate for 13 years and 30 years are considered. And then the advocate gives the Title deed based on the available data.

When Title search report of the property is required?

In the process of buying and selling property; one who is buying the property asks for the title search report of property and only after that decides to buy the property. The Title clear land is very important. It is also important in changing the ownership of the property for ex. handing the ownership from husband to wife, Father to son, etc.  These records are kept in ‘ferfar’ means transfer of deed. Title clear report is important inLand registry, Building permission sanctions, when you need the bank loan, and also during RERA registration of projects.

What are Documents requirement for this service?

Mainly there are two document required to obtain Search and Title report – 7/12 certificate (7/12 Extract) and Ferfar (Transfer of deed certificate)

• Ferfar (Mutation entries) is for checking the ownership transfer history.
• 7/12 Certificate shows the information about land such as survey number, area and many more.

With this minimum list of certificate you can obtain search and title report from a registered advocate.

Step by step Process for procuring search report –

1. Obtain the Ferfar certificate from government revenue department.
2. Obtain the 7/12 for the number of year you want (the certificate for 7/12 can be generated online and also obtained from Talathi office after application).
3. Then advocate studies the documents and drafts the detail document about the land. For example change of ownership of the land, adjoining land on east, west north and south (road, plot, etc). It is also records loan history of the bank, if it is clear of all debts or not. If the loan is not clear then it is also recorded.
4. After that the advocate takes the sign and stamp of concerned authority and registers the Title and Search Report. Then advocates issues the final land search report.

Title search report various requirement              

In case of buying and selling of the property the buyer may ask for the deed title and then seller have to provide the certificate title search to buyer. It is equally important in other aspects such as bank loan, Rera registration etc. When someone applies for bank loan then bank asks for title search report for 30 years. It is also important for taking the building permission. For the building permission the property title report is required for 30 and 50 years. It changes from corporation to corporation. The clean title search helps the buyer to make the further decision.  The search report of the property is equally important in transfer of ownership land registry.

Time required for process of getting Title Search Report 

The time required for getting 7/12 and transfer of deed meansferfar certificate is 2 to 4 days. And to create a report it takes 2 to 5 days for the advocate. So in total to obtain Deed of Title is the process of one week.

Consultant fees to get title search report

It varies from area of the plot and location of the plot. It starts from Rs 4000 and can go Upto 40,000. As the work is private so cost varies according to quality of work. Also title search report cost in Pune varies to different service provider.

What all services advocate can offer in land and construction?

Advocate deed, gift deed, deed of transfer of ownership etc… Advocate in Pune can help you in services like building stay order, complain against stay order, compliance of any legal document related to land ownership.have big role in land deals & construction related service. Sale deed, transfer deed, conveyance

Title and Search Report Consultant 

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If you live in Pune and around Pune then Foot2Feet is best for Title search report. At Foot2Feet you can get every information about Title Search Online.