492 HOUSING SOCIETY ALLOTTEES LAND UP IN MESS !!!! THE KARNATAKA STATE KHADI GRAMODYOGA WORKER`S HOUSE BUILDING CO-OPERATIVE SOCIETY`S ILLEGAL AND UNAUTHORISED LAYOUT BRINGS THEM TO HELL (BDA)


The Karnataka State Khadi Gramodyoga Worker`s House Building CO-Operative Soceity 492 site allottees are in trouble !

ANOTHER GIFT FROM BDA!

The housing society forms a layout (without approval from the planning authority-Illegal and unauthorized layout) and allots it to its members, in the meanwhile, the notorious BDA notifies the 19 acre land in Jakkur Village for Arkavathy Layout and as per the SC direction and under the re-do scheme the BDA denotifies or leaves the land and the land revert to the farmers in whose name the revenue record stands.

      The allottees had paid Rs50,000/- to Rs60,000/- (plus etc) and the sale deeds, it is learnt, had been registered by GPA holders and without the consent and confirmation from the sale agreement holders and the land lords, now these allottees are in serious trouble.

A civil suit in the making and may run for years.

TAX DEDUCTED AT SOURCE ON THE IMMOVABLE PROPERTIES EXCEEDING RS50 LAKHS


1% TDS IS LIABLE TO BE DEPOSITED FOR THE PROPERTIES VALUED ABOVE RS50 LAKHS, BEFORE THE REGISTRATION OR EXECUTION OF ABSOLUTE SALE DEED.

TDS IS NOT PAYABLE AT THE TIME OF ENTERING INTO THE SALE AGREEMENT.

WHY SCRUTINY AND EXAMINATION OF PROPERTY DOCUMENTS AND VERIFICATION OF THE TITLES REQURIED?


It is advised to conduct a thorough scrutiny/examination of the property documents, licenses, approvals, katha and related clearances from an expert advocate, before entering into an agreement of sale.

The Sale Agreement and The Sale Deed are very important documents, which must be drafted with utmost care and all relevant details regarding the acquisition of the property, flow of titles, approvals, consideration, conditions and clauses must be incorporated as per the prevailing and enforceable laws.

The entire exercise of this examination is to ensure that the titles are in order and also to avoid the futuristic litigation.  But, this process, if diligently conducted, will provide a picture of the property titles, whereupon the purchaser can decide either to buy or to withdraw from the purchase, based on the report or opinion.

The Advocate cannot/might not promise or assure that there will not be any future issues or litigation. 

The Advocate  can study, scrutinise and examine the documents submitted and explanations given/provided by the seller and REPORT HIS VIEWS OR FINDINGS to the purchaser.  Based on such a report/view/opinion, the purchaser can decide, whether to buy it or not.

This study and examination is intended to avoid buying properties with defective titles or properties with discrepancies.

DOCUMENTS REQUIRED TO SCRUTINISE AGRICULTURAL LAND OR REVENUE LANDS OR REVENUE SITES/PROPERTIES


THE FOLLOWING DOCUMENTS MIGHT BE REQUIRED for  the  EXAMINATION.

1). MOTHER DEED.

2). SALE DEED/PARTITION DEED/WILL/GIFT DEED/RELEASE DEED/RELINQUISHMENT DEED/COURT DECREE/ANY OTHER RELEVANT DOCUMENTS.

3). RTC FROM THE BEGINNING.

4). MUTATION.

5).RR/SAGUVALI CHIT/GRANT CERTIFICATE/LAND TRIBUNAL ORDER/RRT ORDERS,IF ANY( FULL FILE)

6). ILR/PHODI/HUDBUST.

7). ATLAS.

8). AKARBANDH  & TIPPANY

9). RR BALABAGADA NAKALU.

10). SURVEY SKETCH.

11). HISSA TIPPANY.

12). VILLAGE MAP.(OFFICIAL)

13). FORM NO.9 AND FORM NO.10.(GRAMATANA SITES) ORIGINAL GRAMATANA AS PER VILLAGE & FORM NO.11 SIGNED AND SEALED BY THE EO FOR THE GRAMATANA SITES.

14). PASS BOOK.

15). NOC FROM THASILDAR UNDER PTCL ACT.

16). NOC FROM THASILDAR :FORM NO.7.

17). NOC UNDER 79A AND 79B OF KLR ACT.

19). UP TO DATE TAX PAID RECEIPT.

20). FAMILY TREE ISSUED BY THE REVENUE AUTHORITIES OR VA.

21). ENCUMBRANCE CERTIFICATE FOR THE LAST 30 YEARS.

22). PHOTO IDENTITY CARDS OF ALL FAMILY MEMBERS (IUD OR VOTERS ID), IF IT IS AN ANCESTRAL PROPERTY.

23). IF IT IS A RESALE PROPERTY- SELLERS INCOME TAX RETURNS.

24). O.S/WP/RRT- PLAINT COPY ( FULL FILE) & COMPROMISE PETITION AND ORDER (FULL FILE) IF ANY.