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Loan against Leased / Rental Property - Chek List of Porperty Documents/Papers Required
 

(A) For Built - Up Property
(B) For Open Plot / Land

 

(A) For Built - Up Property :

(1) Construction Approval related papers
a. Copy of Comencement Certificate (i.e. Rajja Chitthi).
b. Copy of Approved Lay Out Plan.
c. Copy of Approved Building Plan/s.
d. Copy of Completion Certificate (i.e. Building Use Permission).
e. Copy of Rajja Chitthi (i.e. construction comencement certificate) issued by the local authority as per rule/s under the Gujarat Panchayat Act (applicable where the building site falls outside Municipal Corporation / Municipality Limits).
(2) Society / Association related papers
(i) In case of Co. Op. Housing Society :
a. Copy of Society's Registration Certificate.
b. Copy of Leaflet 'U' (i.e. society's constitution).
c. Original Share Certificate (of membership with the society).
d. Original No -Dues Certificate from the society.
e. Original NOC (No Objection Certificate) from the society as regards availing loan / finance against the subject property.
g. Original certificate of undertaking from the society favouring the financing Bank/Branch - as regards (i) that the society will Register Bank's lien in the records of the society, (ii) that the society will not transfer the said property before the loan is fully paid OR until the bank has issued a NOC for the purpose.
(ii) In case of Non Trading Association :
a. Copy of Certificate of Incorporation.
b. Copy of Memorundum of Articles of Association.
c. Original Share Certificate (of membership with the association).
d. Original No -Dues Certificate from the association.
e. Original NOC (No Objection Certificate) from the association as regards availing loan / finance against the subject property.
f. Original certificate of undertaking from the association favouring the financing Bank/Branch - as regards (i) that the association will Register Bank's lien in the records of the association, (ii) that the association will not transfer the said property before the loan is fully paid OR until the bank has issued a NOC for the purpose.
(3) Ownership Documents / Papers
(i) In case where the property is a part of Co. Op. housing Society OR Non Trading Association :
a. Copy of registered Sale Deed of land purchase (i.e. for bigger land of society/association).
b. Original registered Sale Deed of the subject property (viz. flat,bunglow,office or open plot whichever is applicable) which the borrower/loanee intends to offer as security (applicable where the owner is not the first allotee of the society/association).
c. Original Allotement Letter/Agreement/Deed.
d. Original Possession Letter/Agreement/Deed.
e. Original payment receipt/s.
f. Copy of Developement/Construction Agreement (applicable where the building was not constructed by the society/association/owner itself/himself but was constructed by any developer or contractor).
(ii) In case where the property is owned by individual/s :
a. Original registered Sale Deed of the property (viz. flat,bunglow,office, shed, etc.) which the borrower/loanee intends to mortgage.
(iii) In case of Housing Colony / Estate built by government / semi-government undertaking housing board/corporation/company :
a. Original No Dues Certificate by the managing office of the colony.
b. Original registered Conveyance Deed.
c. Original Allotment Letter/Agreement/Deed.
d. Original Possession Letter.
e. Original NOC issued by the managing office of the colony - as regards availing loan/finance against the subject property.
(iv) In case where the property is owned through other form of conveyance (whichever is applicable) :
# Original registered Sale Deed favouring the immediate previous owner.
AND
(any of the following whichever is applicable)
a. True copy of registered / un-registered WILL.
b. Original registered Gift Deed.
c. Original 'Probate' issued by the competent authority.
d. Original Sale Certificate issued by the competent authority.
e. True copy of registered/unregistered Partition Deed and/or Deed of Relenquishment.
f. Any other form of conveyance as the case be.
(4) Land related papers
(i) Revenue Departmnet related papers :
a. Copy of Non Agriculture Use orders (i.e. N.A. Permission).
b. Copy of ULC (urban land ceiling act) Orders (i.e. NOC under ULCRA).
(ii) Land Records Department related papers :

(x) Where the records are maintained by the Revenue Department : ( available from the office of the concerned Circle Inspector /Talati or Mamlatdar's Office)
a. Latest certified copy of 7/12 extracts,
b. Latest certified copy of village form no. 6 (record of rights),
c. Latest certified copy of village form no. 8A (statement of account),
d. Latest certified copy of village form no. 2 (for N.A. land).

(y) Where the records are maintained by the City Survey Department : (from the office of the concerned City Survrey Suprintendent)
a. Latest certified copy of Property Ruled Card (PRC) and copy of Property Register.
b. Latest certified copy of Key Plan sketch/ tracing showing the subject property.

(5) House Tax / Land Revenue / Service Charges
(i) House Tax :
a.Original latest House Tax Bill / Notice (received from Municipal Corporation /Municipality /Nagar Palika / Gram Panchayat).
b. Original last house tax paid receipt.
(ii) Land Revenue :
(applicable where the land records are maintained by the local authority (i.e. Gram Panchayat) ) :
a. Original Land & Education Cess demand Notice form the local authority (i.e. Gram Panchayat).
b. Copy of last Land Revenue paid receipt (in the name of the land occupier - owners i.e. society/association or individual/s - whichever is applicable).
c. Copy of last Education Cess paid receipt (in the name of the land  ccupier - owners i.e. society/association or individual/s - whichever is applicable).
(iii) Service Charges :
(applicable where service charges like water charges/drainage charges, etc. are lavied seperately by the local authority or area/urban developement authority).
a. Copy of latest Water/Drainage Charges Bill/Notice.
b. Copy of last Water/Drainage Charges paid receipt.

(6) Electricity Service
a. Original latest Electricity consumption charges bill.
b. Original last electricity bill paid receipt.

(7) Lease related papers
a. Original Lease Deed / Agreement (registered / un-registered).
b. Copy of last rent paid Receipt given to the Lessee.

 

(B) For Open Plot / Land :

(1) Plot Lay Out Approval related papers
a. Copy of Development Permission (i.e. Lay-Out approval permission).
b. Copy of Approved Lay Out Plan.
(2) Society / Association related papers
(i) In case of Co. Op. Housing Society :
a. Copy of Society's Registration Certificate.
b. Copy of Leaflet 'U' (i.e. society's constitution).
c. Original Share Certificate (of membership with the society).
d. Original No - Dues Certificate from the society.
e. Original NOC (No Objection Certificate) favouring the Bank/Branch from the society as regards availing loan / finance against the said property.
f. Original certificate of undertaking from the society favouring the financing Bank/Branch - as regards (i) that the society will Register Bank's lien in the records of the society, (ii) that the society will not transfer the said property before the loan is fully paid OR until the bank has issued a NOC for the purpose.
(ii) In case of Non Trading Association :
a. Copy of Certificate of Incorporation.
b. Copy of Memorundum of Articles of Association.
c. Original Share Certificate (of membership with the association).
d. Original No - Dues Certificate from the association.
e . Original NOC (No Objection Certificate) favouring the Bank/Branch from the association as regards availing loan / finance against the said property.
f. Original certificate of undertaking from the association favouring the financing Bank/Branch - as regards (i) that the association will Register Bank's lien in the records of the association, (ii) that the association will not transfer the said property before the loan is fully paid OR until the bank has issued a NOC for the purpose.
(3) Ownership Documents / Papers
(i) In case where the property is a part of Co. Op. Housing Society OR Non Trading Association :
a. Copy of registered Sale Deed of land purchase (i.e. for bigger land of society/association).
b. Original registered Sale Deed of the subject property (i.e. plot or land in question) which the borrower/loanee intends to offer as security.
c. Original Allotement Letter/Agreement/Deed.
d. Original Possession Letter/Agreement/Deed.
e. Original payment receipt/s.
f. Copy of Developement Agreement (applicable where the land development is not done by the society/association itself but is done by any developer or contractor).
(ii) In case where the property is owned by individual/s :
a. Original registered Sale Deed of the property (i.e. plot or land in question) which the borrower/loanee intends to mortgage.
(iii) In case of Housing Colony developed by government / semi-government undertaking housing board/corporation/company :
a. Original No Dues Certificate by the managing office of the colony.
b. Original registered Conveyance Deed.
c. Original Allotment Letter/Agreement/Deed.
d. Original Possession Letter.
e. Original NOC issued by the managing office of the colony - as regards availing loan / finance against the subject property.
(iv) In case where the property is owned through other form of conveyance (whichever is applicable) :
  # Original registered Sale Deed favouring the immediate previous owner.
AND
(any of the following whichever is applicable)
a. True copy of registered / un-registered WILL.
b. Original registered Gift Deed.
c. Original 'Probate' issued by the competent authority.
d. Original Sale Certificate issued by the competent authority.
e. True copy of registered/unregistered Partition Deed and/or Deed of Relenquishment.
f. Any other form of conveyance as the case be.
(4) Land related papers
(i) Revenue Departmnet related papers :
a. Copy of Non Agriculture Use orders (i.e. N.A. Permission).
b. Copy of ULC (urban land ceiling act) Orders (i.e. NOC under ULCRA).
(ii) Land Records Department related papers :

(x) Where the records are maintained by the Revenue Department : ( available from the office of the concerned Circle Inspector /Talati or Mamlatdar's Office)
a. Latest certified copy of 7/12 extracts,
b. Latest certified copy of village form no. 6 (record of rights),
c. Latest certified copy of village form no. 8A (statement of account),
d. Latest certified copy of village form no. 2 (for N.A. land).

(y) Where the records are maintained by the City Survey Department : (from the office of the concerned City Survrey Suprintendent)
a. Latest certified copy of Property Ruled Card (PRC) and copy of Property Register.
b. Latest certified copy of Key Plan sketch/ tracing showing the subject property.

(5) Land Revenue
(i) Land Revenue :
(applicable where the land records are maintained by the local authority (i.e. Gram Panchayat) ) :
a. Original Land & Education Cess demand Notice form the local authority (i.e. Gram Panchayat).
b. Copy of last Land Revenue paid receipt (in the name of the land occupier - owners i.e. society/association or individual/s - whichever is applicable).
c . Copy of last Education Cess paid receipt (in the name of the land  ccupier - owners i.e. society/association or individual/s - whichever is applicable).

(6) Electricity Service
(applicable where the service is already installed)
a. Original latest Electricity consumption charges bill.
b. Original last electricity bill paid receipt.

(7) Lease related papers
a. Original Lease Deed / Agreement (registered / un-registered).
b. Copy of last ground rent paid Receipt given to the Lessee.

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