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How to sell a property if original documents are lost for NRI?
For NRIs, selling property in India can already be a complex process, and the loss of original property documents can add another layer of difficulty. However, it is still possible to sell the property by following the necessary legal steps. Here’s what you need to do if the original documents are lost:
Steps to Sell a Property Without Original Documents:
File an FIR (First Information Report): The first step is to file an FIR at the nearest police station reporting the loss of the original property documents. This report serves as official documentation that the documents are missing.
Place a Public Notice: Publish a notice in a widely circulated local newspaper, informing the public about the loss of the property documents. This allows for any objections or claims regarding the property to be raised, which helps protect the seller from potential legal issues later on.
Obtain a Certified Copy from the Sub-Registrar: You can apply for a certified copy of the property documents at the local sub- registrar’s office where the property was registered. This certified copy serves as an official record and can be used in place of the original.
Provide an Indemnity Bond: Create an indemnity bond stating that the original documents have been lost and that the seller will bear any future claims or liabilities that may arise from this loss. The bond may need to be notarized.
Title Search and Legal Opinion: It is advisable to conduct a title search and obtain a legal opinion to confirm the property’s title is clear. This will reassure potential buyers that there are no legal complications associated with the property.
Proceed with Sale: Once all the above steps are completed, you can move forward with selling the property. The certified copy and indemnity bond will act as substitutes for the original documents.
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Read MoreHow to sell a property if original documents are lost for NRI?
Read MoreHow to sell a property if original documents are lost for NRI?
For NRIs, selling property in India can already be a complex process, and the loss of original property documents can add another layer of difficulty. However, it is still possible to sell the property by following the necessary legal steps. Here’s what you need to do if the original documents are lost:
Steps to Sell a Property Without Original Documents:
File an FIR (First Information Report): The first step is to file an FIR at the nearest police station reporting the loss of the original property documents. This report serves as official documentation that the documents are missing.
Place a Public Notice: Publish a notice in a widely circulated local newspaper, informing the public about the loss of the property documents. This allows for any objections or claims regarding the property to be raised, which helps protect the seller from potential legal issues later on.
Obtain a Certified Copy from the Sub-Registrar: You can apply for a certified copy of the property documents at the local sub- registrar’s office where the property was registered. This certified copy serves as an official record and can be used in place of the original.
Provide an Indemnity Bond: Create an indemnity bond stating that the original documents have been lost and that the seller will bear any future claims or liabilities that may arise from this loss. The bond may need to be notarized.
Title Search and Legal Opinion: It is advisable to conduct a title search and obtain a legal opinion to confirm the property’s title is clear. This will reassure potential buyers that there are no legal complications associated with the property.
Proceed with Sale: Once all the above steps are completed, you can move forward with selling the property. The certified copy and indemnity bond will act as substitutes for the original documents.