Vande Matram!
This
article is compilation of Short Questions and Answers on land laws in
Maharashtra State of India. Read them carefully and note down for your
knowledge.
Land Laws
in Maharashtra: Short Q and A: Part 3
·
What
is mean by ‘sale’?
o
The
word “SALE” defined under Section 54 of “The Transfer of Property Act, 1882” is
a transfer of ownership in exchange of price paid or promised or part-paid and
part-promised.
·
What
is mean by ‘deed’?
o
A
deed (anciently evidence) is any legal instrument in writing which passes,
affirms or confirms an interest, right, or property and that is signed,
attested, delivered, and in some jurisdictions sealed.
·
What
is mean by ‘Sale Deed’?
o
The
word “SALE DEED” otherwise called as “Conveyance Deed” is a legal written document
executed by the vendor and the purchaser which evidences the sale and transfer
of ownership of the tangible immovable property.
·
What
is use of ‘30 years revenue record’ or ‘search report’?
o
A
search report traces the history of a property who was the original owner of
the property and how it has moved hands over a period of time before reaching
the present seller. The report traces any charges or encumbrances created on
the property and their present status-whether the charges have been met and the
property has been released, or if there are some charges pending still.
·
Who
can prepare a search report?
o
A
search report is usually prepared by an advocate, who after visiting the registrar’s
office and inspecting the property documents, issues a title certificate.
·
Where
one can inquire about the title of property?
o
One
may do a survey of the title of the property himself also by visiting the office
of the registrar.
·
What
is period of a search report?
o
A
search report of a property is taken for a period of the past 30 years.
·
Is
Search Report of a property mandatory?
o
Yes,
It is mandatory for a developer to annex a copy of the report in the ‘agreement
to sell’ with the intended purchase.
Thanks for reading and noting down.
To know references and other articles related to land laws: -
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