Get Title and Search report in pune

Know more about Title and search report

The Title basically refers to the rights arising out lawful ownership of property. Whereas, the clear title is the definitive proof of ownership. Further, the title search report is a process of checking and verifying property documents to determining the legal ownership of the property. Moreover, on the basis of finding the title verifications, a search report is formulated. Likewise, title verification is a process and result of which is concisely inscribed in a title search report

Information included in title search report

The title search report must specify al information regarding the property, we see as follows

1. Details and particulars related to location, area of the property, measurements and boundaries
2. Table of scrutinized records, documents and deeds which are verified
3. Includes the owner of the property
4. If there are any charges or dues lien on the property
5. Encumbrances on the property, like unpaid tax mortgages, unpaid loans
6. If the property is the subject of any litigations or in the process of acquisition by the government
7. If any specific comment, advice or opinion can also be inserted in conclusion
8. If the property in subject to mortgage
9. And it must include that if the title of the property is clear and marketable

Requirement of Title Search report

The Title search report includes a historical record of the title of the property by providing accurate legal description of the property. Likewise, it also informs that the property is transacted over a period of time and whether there are any risks involved in the transaction. Further, while buying and selling of any property the buyer may ask for the search report. In addition, search report is also needed in bank loans, Maharera project registrations, building sanctions etc. for building permission, the title search report is required for 30 to 50 years as its defers from corporation to corporation

What is title and search report in banking?

Well, the title search report in banking traces the history of company or the assets, that who is the real owner of the property.  Whereas, it’s also checked that how the said property has mortgaged with other banks over a period of time. Likewise, this the very important point in loan process by banks to the persons who are applying to get the bank loan. In the same vein, title search report for bank loan is generally prepared by the advocates, he inspects the all documents of the property for past 13 years or 30 years

Documents required to get the title search report

To get the title search report of the property, the owners needs to give the following documents to the advocate to get the search done of the property, with the following minimum documents list you can obtain the title search report from a registered advocate, as follows-

1. 7/12 Extracts shows the information about the land
2. Ferfar (Mutation entries)
3. Index 2 / Sale Deed

Time required to get the tilt e search report of the property

Generally, after giving all necessary documents to the advocates it takes up to 2 to 8 days to prepare the title search report by an advocates

Cost to get title search report of the property

Well, cost to getting search report done is the subject of professional fees of an advocates. Whereas, charges required to get the search report is depending on the area and location of the plot. In the Same vein, an advocates charges between Rs. 4000  to 50,000/- according the same.

What is difference between an abstract and title search

Title abstract are the history of a property’s ownership that includes any significant assets related to it such as transfers, legal actions against its properties. In the same vein, a title abstract continues to the point of the original land grant or to the point where records are not available. Whereas, Title search report has a search of limited years like 13 years, 30 years or 50 years.

We provide property title search report services in Pune. property title search determines legal ownership and find what claims on property.  Quick process at lowest cost