transformproperty.co.in - How to Obtain Encumbrance Certificate in Kerala : A guide

How to Obtain Encumbrance Certificate in Kerala - Transform Property Consulting

Transformproperty.co.in Spined HTML

How to Obtain EncumbranceDocumentin Kerala - Transform Property Consulting Transform Property Consulting Click to initiate a WhatsApp conversation: Call Us Today: +91 8139 800 800 Home About Us Meet Our Team Our Partners Our Customers Story of a Couple Investment Options Residential Properties Resorts in Kerala Holiday Homes Value Priced Land Pre Launches Long Term Investments Rental Income Commercial Buildings Commercial Land Our Services PMC Consulting Services Buying Services Selling Services Transaction ServicesSelf-rulingDownloads FAQ Investment News Blog Contact Us Privacy Policy Refund Policy Copyright and Disclaimer How to Obtain EncumbranceDocumentin Kerala On February 20, 2015   /   RealManorKerala   /   The term “encumbrance” refers to the legal liability on a piece of property that lowers its value. It is usually used with respect to property that is kept as security by the owner, but the dues have not been fulfilled. The document that lists out all the encumbrances on a particular property over a specific time elapsing is tabbed the encumbrance certificate. The encumbrance document is a very important legal document that has to be obtained before any property purchase. It lists out all the financial and legal transactions that have been made with respect to the property for a specified time period. Related Reading: What is an Encumbrance Certificate? The encumbrance certificate is vestige that the property on sale is self-ruling from mortgages, and there are no legal disputes revolving virtually it. It permits the property to be sold as a self-ruling title and the proprietrix gets the ownership without any pending dues tying to it. The encumbrance document is vital for the purchase of any property, and for taking out a loan versus the property. Most banks and government offices require at least 13 years of encumbrance, but you can get plane increasingly listed on the encumbrance certificate. The encumbrance document for a property can be obtained from the relevant sub registrar’s office where the deed was originally recorded. Here’s the process to be followed to obtain an encumbrance certificate. How to Obtain EncumbranceDocumentin Kerala Unlike the older days when one had to visit the Sub Registrar’s Office with an using form, EC can be obtained online through the website of Kerala Registration department.  www.keralaregistration.gov.in Here is a step by step guide on how to obtain Encumbrance document in Kerala. Step 1: Get the Property Details Find out the survey number of the property, and the owners’s name. This is the vital information that is required in order to wield for the encumbrance certificate. Step 2:Wieldfor the encumbrance document (EC) The EC using needs to be filled out with mandatory details such as: District and SRO where the property is located Details of the write-in Property unravelment (including location, measurements and boundaries) Period for which the EC is requested Preferred language in which the EC need to be issued. Mode of payment (Payments can be made online, as Money Order or as Cash) The write-in will moreover have to replenish spare details such as their well-constructed residential write and moreover mention the purpose for which the EC is required. The filled in using form can then be submitted. Step 3: Pay the required fees The fee structure for an EC is as follows.UsingFee – Rs.10/- Search fee for the First Five Years – Rs.100/- Search fee for the Period Exceeding 5 Years but not Exceeding 30 years – Rs 250/- For EverySpareYear Exceeding 30 Years – Rs 25/-per year Separate fee has to be remitted for each owner For priority applications, an spare fee of Rs 100/- will be charged. The fees will be charged year-wise, with plane a fraction of the year stuff considered as a full year. For the purpose of encumbrance certificate, the year starts on April 1st and ends on March 31st . As mentioned in step #2, fees can be paid online, as Money order or as cash. In order to make mazuma payments, submit the printed using form alongwith the acknowledgement form at the SRO with the mazuma payment. Step 4: Issuance of the encumbrance document Once using is submitted without remitting prescribed fees, the SRO will process the EC and issue the certificate. This may usually take approximately 6 to 20 days  in practice. However depending on the SRO and the search period issuance of an EC may take upto plane 40 days.   Step 5: Check the status of the using and download the EncumbranceDocumentOnce the using for an EC is made, its status can be checked online. When the document is ready, you can download it directly from the website. Make sure that the EC has been signed and stamped with the official seal. The survey number and other details pertaining to the property moreover have to be cross-verified with what was mentioned in the application. Limitations of the EncumbranceDocumentThe encumbrance document does have some limitations, though. It cannot be considered as the only vestige to verify the encumbrances of a property. Certain transactions regarding immovable properties, other minor transactions are not captured in the encumbrance document considering they are not required to be registered under the Registration Act, 1908. Details of equitable mortgage, where a mortgage is taken by depositing the original title deeds of the property with a bank, are not registered at the registrar’s office, and will therefore not reflect in the encumbrance certificate. The same is the specimen for testamentary documents or leases for a period lesser than a year. Other transactions like tax liabilities, oral tenancy, family arrangements, prior unregistered agreements, unregistered wills, and other miscellaneous agreements do not need to be registered, and will not be present in the encumbrance certificate. The encumbrance document certainly cannot be neglected during a real manor deal, but it’s weightier to not rely on that alone. We hope this vendible has unmistakably outlined the steps you need to follow to obtain an encumbrance document in Kerala. Comments comments Leave a Reply Click here to cancel reply. Name (required) Mail (will not be published) (required) Website Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser.