Property Certificate: Encumbrance Certificate is a very important document. Through this, it can be easily known whether the property is free from legal hassles and financial burden or not.
Property Certificate: Nowadays, many cases of fraud come to light in the matter of property purchase. In such a situation, the money of the property buyer also gets stuck and still he is not able to become entitled to that land or house. Encumbrance Certificate (EC) is helpful in protecting from any such fraud. This is as important a document as the registry of any property. If you are also planning to buy property in the year 2024, then definitely know about this certificate.
Know what is Encumbrance Certificate
Encumbrance Certificate is a legal document through which it can be easily known whether the property is free from legal hassles and financial burden or not. In this, every important information regarding any property is recorded – like who owns the property, whether there is any third party claim on the property, whether there is any kind of lawsuit, or whether there is any loan going on the property and If it is going on then whether it has been repaid or not. You can easily get all this information in this certificate. Apart from this, for how many years the transaction has been going on on the property you are buying and since the time the property was built, how many people have owned it and who is its current owner, all this information is given in this certificate. She goes.
Necessity arises while dealing with property
- When you buy a property and deal with the owner regarding the property, this certificate is required because it proves that the property is free from all kinds of legal hassles and financial burdens.
- When you take a home loan to buy a property, banks may sometimes ask for an encumbrance certificate from you before approving your loan application. In such a situation also you may need it.
- If you withdraw money from your provident fund to buy a property, your employer may ask for an encumbrance certificate from you.
- When you make a deal for your property, the buyer needs to show the encumbrance certificate.
How is this certificate made?
You can apply online for making encumbrance certificate in all the states of India like Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Puducherry etc. Whereas to get it made offline, you have to go to the office of the Tehsildar of the area. Here you will have to fill a form and submit necessary documents like address proof, information about the property for which EC is being sought, if a deed has been made for the property, then a copy of the deed etc. After this, it takes 15 to 30 days for the encumbrance certificate to be issued. You can get encumbrance certificate made for 12 to 30 years.
