This is the best time to buy
Villas in Calicut. If you are planning to buy a villa, check out this blog to
know the things to consider before buying a villa. This may useful to you.
In Kerala, today the news about
Maradu (a small Municipality in Ernakulum District, it is located at about 7 km
from the city center) flats are common to all. Did you know what happens in
Maradu? Why the flats are Demolishing? Etc.
At 2006, when CPM ruled Maradu
Panchayat approved to build five flats on the waterfront – Holiday Heritage,
Kayaloram, Alfa Ventures, Holy Faith and Jain Housing. Nearly 300 families were
living in this flat and these five buildings cover an area of 68,028.71 sq
meter. The place comes under the Kerala Coastal Zone Management Authority
(KCZMA). The panchayat released a notice to the builders just nine months after
approving a directive from the Kerala Coastal Zone Management Authority
(KCZMA). Then the government body said, there is no construction is allowed within
200 meters from the coast.
Checklist before Buying Villas in Calicut
Here I ‘am explaining a
detailed blog about the tips while you are going to buy Villas in Calicut. A Villa or flat is the biggest
dream that you have made in your life. So if you're planning to buy an
apartment or a villa for you or to your family members, you'll always have to
put some additional care and effort into it. People always buy villas or
apartments by seeing Interior or exterior images, advertisements or getting
recommended by others. But during this time most of the buyer did not enquire
about the Land record, Location of the Villa, Legal Check of Property, etc.
1.
Structure of Property
At first, you should check the
details about the materials used for the construction of the property; check
the quality of the materials used for wiring, insulations, and plumbing’s, etc.
Also, need to ask about the villa which is earthquake resist or not?
2.
Price of Property:
Fixing a budget is the second
step in choosing an Apartment or Villa. Compare the price of the property by
taking a quotation from different builders near your villa and get an idea about
the price.
3.
Land Record:
The land your villa is built on
is very important. This is happening in the Maradu flats, where the buyers are
cheated by the builders. You must research about the quality of the soil, and
topography of the land on which the villa is constructed.
4.
Check Mutation Details:
The potential customer would
have asked for a copy of the recent mutation while selling your property. Many
people don't understand the document's significance. An application to the
tehsildar of the area must be submitted on a plain paper together with the
required value of a non-judicial stamp paper to apply for mutation.
(Mutation is the shift in title
ownership when the property is sold or passed from one individual to another.
By changing a property, the new owner gets the property recorded in the land
income department on his name and the government can charge property tax from
the rightful owner.)
5.
Legal Check of Property:
Ensure that the property is
legally permitted to be built on the plot on which it stands. Area development
officials, water supply and sewage boards, electricity boards, and Municipal The corporation should have approvals and NOCs from the developers. However, if you
take a home loan, your property papers will be validated by the bank involved
before the credit sanction.
6.
Agreement with the builder:
In the presence of some witnesses,
an arrangement is essentially a legal written contract between the buyer and
the builder. As per the contract, the seller agrees to sell his property to the
buyer and as a buyer; you must also agree that under certain terms and
circumstances you voluntarily purchase the property. It is recommended that the
sales contract be registered at the corresponding sub-register office. You need
relevant stamp duty and registration fees to accomplish the process.
7.
Receive the Documents:
After the completion of the registration process, you should receive the documents of the property from the
builder. And you should keep the documents carefully for future use.
Buying a Villa is one of the
biggest steps in your life, but before you seal the deal with the builder, you
should remember each of these points.
