LEGAL CONSULTATION SERVICE

When advising clients on buying and selling property, our advocates generally follow these criteria:

1. Due Diligence :  Conducting thorough research on the property, including verifying ownership, checking for any liens or encumbrances, and reviewing title documents.

2. Legal Compliance : Ensuring all transactions comply with relevant laws and regulations, including zoning laws, environmental regulations, and property taxes.

3. Contract Review: Carefully reviewing and drafting contracts to ensure they reflect the agreed terms and protect the client’s interests. This includes purchase agreements, sale agreements, and any related documents.

4. Disclosure Requirements : Advising clients on their obligations to disclose material facts about the property and ensuring that all required disclosures are made.

5. Risk Assessment : Evaluating potential risks associated with the transaction, such as legal disputes, property condition, and market fluctuations, and advising the client accordingly.

6. Negotiation : Assisting clients in negotiating terms and conditions to achieve favorable outcomes in the transaction.

7. Financial Considerations : Advising on financial aspects, including the implications of taxes, fees, and financing options.

8. Due Process : Ensuring that all procedural requirements, such as registration and transfer of ownership, are properly completed.

9. Client Interests : Prioritizing the client's interests and ensuring that their rights are protected throughout the transaction process.

10. Conflict Resolution : Providing guidance on resolving any disputes or issues that may arise during the buying or selling process.

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CONSUTANCY FEE : ₹ 1000

When consulting on buying and selling property, advocate panels typically charge fees based on several factors:

1. Consultation Fee : A flat fee or hourly rate for initial advice and guidance.

2. Transaction Fee : A fee that may be a percentage of the property value or a flat rate for handling the buying or selling process.

3. Additional Costs : These might include administrative fees, registration costs, and charges for additional services like drafting documents or legal representation during negotiations.

It's important to clarify these fees upfront and understand what is included to avoid any unexpected costs.

Documents Require while Registering Property:

In Tamil Nadu, registering a property requires several legal documents to ensure a smooth and legally compliant transaction. Here are the key points to consider:

1. Sale Deed

• A legally binding document that transfers ownership from the seller to the buyer.
• Must be executed on non-judicial stamp paper and registered at the Sub-Registrar’s Office.

2. Parent Documents / Title Deed

• Previous ownership documents tracing the history of ownership of the property.
• Includes sale deeds, gift deeds, partition deeds, or wills related to the property.

3. Encumbrance Certificate (EC)

• Confirms that the property is free from legal dues or mortgages.
• Can be obtained from the Sub-Registrar’s Office for a specified period.

4. Patta and Chitta Documents

• Patta: A revenue record indicating land ownership.
• Chitta: Specifies the nature of land (wetland/dry land) and ownership details.
• Patta transfer is necessary after registration.

5. Property Tax Receipts

• Latest property tax payment receipts to ensure no dues to the local authority.

6. Approved Building Plan & Completion Certificate (for constructed property)

• If purchasing a built-up property, ensure approval from local authorities (CMDA, DTCP, or Panchayat).
• Completion Certificate (CC) is required if the construction is completed.

7. No Objection Certificate (NOC) (if applicable)

• If the property is in a society or a government-regulated area, an NOC may be required from the relevant authority.

8. Power of Attorney (if applicable)

• If the transaction is conducted through an agent or representative, a registered Power of Attorney (POA) is required.

9. Stamp Duty and Registration Fee Payment Receipt

• Proof of payment of applicable stamp duty and registration fees as per Tamil Nadu government norms.

10. Aadhaar Card & PAN Card

• Identity and address proof of buyer and seller are mandatory for registration.
• PAN is required for transactions above a specified limit.

Would you like a checklist or a detailed guide on any specific document?