Title Search Report
Updated and Published on 7 June, 2017
What is a Title Search Report?
A Property Title Search Report is a vital legal document used in property transactions as an evidence of free title / ownership which certifies that the title of the property is clear, and that the property is free from all sorts of encumbrances such as mortgage, bank loan, dispute, pending litigation etc. The Report / certificate contains details of all the transactions registered in relation to a particular property during a certain period. If any transaction like a Sale, Gift, Mortgage etc. has taken place in respect of a certain property, it will be mentioned in the Search Report / Encumbrance certificate along with the details of the parties, date of registration etc.
Scope of Title Search Report
The report / certificate will reflect only those transactions that have been done though a registered document. If the transfer had been done through an unregistered document such as an unregistered power of attorney, agreement to sell, lease deed, will, Family Settlement, unregistered partition deed etc., details of such transactions will not be reflected in the Title Search Report. Apart from this, a Search Report may also include details of Property Tax Status / Dues, Mutation Status, any unauthorised construction, any Stay Order or injunction order given by Court, Permissible usage and zoning as per the Delhi Master Plan 2021 and Zonal Plans etc.
Importance of the Report
The report will help in finding out whether the property which the buyer is planning to purchase is free from all sorts of monetary issues and legal liabilities. It will help the purchaser in making a right and well informed decision with regard to the investment of his hard earned money in the property. If the report is positive, it provides an assurance and confidence to the buyer that the seller has a clear and marketable title and that the ownership of the property can be freely transferred by the seller. It helps in reducing the risk of litigations and disputes in the future and ensures that buyer does not face any unpleasent surprises later on.
When should one get a Search Report?
People generally obtain the report before buying and investing in a new property to ensure that the title of the seller is clear and marketable. It is also taken in case a person is taking loan by mortgaging the property. Some companies also obtain the report before taking an office premise / commercial space on Lease.
How to get the Title Search Report in Delhi?
The Title Search Report / Encumbrance certificate in Delhi is issued by a lawyer after checking the records of the local Sub Registrar office. The report can be obtained for any number of years, but they are generally taken for a period of last 12 years. It is better to get the report from an experienced and reputed lawyer specialising in real estate laws.
How much does the Property Search Report cost?
A title search is quite affordable and generally costs between 0.05% - 0.15% of the property value. People usually pay a commission of around 1% - 2% of the property value to real estate brokers. In contrast. a title search report costs just one tenth of the commission paid to the broker which is worth the expenditure.
How much time does a Property Title Search take?
The title search process generally takes around a week's time.
We provide Title Search Report and Encumbrance Certificate for Properties in Delhi.
To get the same, you may contact us at +91-8800418408.
Locations Covered - Naraina, Greater Kailash, Civil Lines, Green Park Extn., Kasturba Gandhi Marg, Rajinder Nagar, Preet Vihar, Sunder Nagar, Uday Park, Sukhdev Vihar, Safdarjang Enclave, Dwarka, Malviya Nagar, Rajendra Place, Alaknanda, Ring Road, Sarvapriya Vihar, Barakhamba Road, Karol Bagh, Shanti Niketan, Vasant Vihar, Vasant Kunj, Sarvodaya Enclave, Gulmohar Park, Rani Bagh, Nizamuddin East, Connaught Place, Vasant Vihar, NRI Colony, Chittranjan Park, Ashok vihar, Pusa Road, Friends Colony, Lodhi Colony, Punjabi Bagh, Anand Niketan, Mayapuri, East of Kailash, Hauz Khas, Anand Vihar, Daryaganj, Maharani Bagh, Lajpat Nagar, South Extension (NDSE), RK Puram, Saket, Panchsheel Enclave, Rajouri Garden, Mohan Cooperative Industrial Area, Defence Colony, Shalimar Bagh, Pitampura, Paschim Vihar,
Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.
home owner title search, chain of title report, real estate title, house title, current owner, preliminary report
A Property Title Search Report is a vital legal document used in property transactions as an evidence of free title / ownership which certifies that the title of the property is clear, and that the property is free from all sorts of encumbrances such as mortgage, bank loan, dispute, pending litigation etc. The Report / certificate contains details of all the transactions registered in relation to a particular property during a certain period. If any transaction like a Sale, Gift, Mortgage etc. has taken place in respect of a certain property, it will be mentioned in the Search Report / Encumbrance certificate along with the details of the parties, date of registration etc.
Scope of Title Search Report
The report / certificate will reflect only those transactions that have been done though a registered document. If the transfer had been done through an unregistered document such as an unregistered power of attorney, agreement to sell, lease deed, will, Family Settlement, unregistered partition deed etc., details of such transactions will not be reflected in the Title Search Report. Apart from this, a Search Report may also include details of Property Tax Status / Dues, Mutation Status, any unauthorised construction, any Stay Order or injunction order given by Court, Permissible usage and zoning as per the Delhi Master Plan 2021 and Zonal Plans etc.
Importance of the Report
The report will help in finding out whether the property which the buyer is planning to purchase is free from all sorts of monetary issues and legal liabilities. It will help the purchaser in making a right and well informed decision with regard to the investment of his hard earned money in the property. If the report is positive, it provides an assurance and confidence to the buyer that the seller has a clear and marketable title and that the ownership of the property can be freely transferred by the seller. It helps in reducing the risk of litigations and disputes in the future and ensures that buyer does not face any unpleasent surprises later on.
When should one get a Search Report?
People generally obtain the report before buying and investing in a new property to ensure that the title of the seller is clear and marketable. It is also taken in case a person is taking loan by mortgaging the property. Some companies also obtain the report before taking an office premise / commercial space on Lease.
How to get the Title Search Report in Delhi?
The Title Search Report / Encumbrance certificate in Delhi is issued by a lawyer after checking the records of the local Sub Registrar office. The report can be obtained for any number of years, but they are generally taken for a period of last 12 years. It is better to get the report from an experienced and reputed lawyer specialising in real estate laws.
How much does the Property Search Report cost?
A title search is quite affordable and generally costs between 0.05% - 0.15% of the property value. People usually pay a commission of around 1% - 2% of the property value to real estate brokers. In contrast. a title search report costs just one tenth of the commission paid to the broker which is worth the expenditure.
How much time does a Property Title Search take?
The title search process generally takes around a week's time.
We provide Title Search Report and Encumbrance Certificate for Properties in Delhi.
To get the same, you may contact us at +91-8800418408.
Locations Covered - Naraina, Greater Kailash, Civil Lines, Green Park Extn., Kasturba Gandhi Marg, Rajinder Nagar, Preet Vihar, Sunder Nagar, Uday Park, Sukhdev Vihar, Safdarjang Enclave, Dwarka, Malviya Nagar, Rajendra Place, Alaknanda, Ring Road, Sarvapriya Vihar, Barakhamba Road, Karol Bagh, Shanti Niketan, Vasant Vihar, Vasant Kunj, Sarvodaya Enclave, Gulmohar Park, Rani Bagh, Nizamuddin East, Connaught Place, Vasant Vihar, NRI Colony, Chittranjan Park, Ashok vihar, Pusa Road, Friends Colony, Lodhi Colony, Punjabi Bagh, Anand Niketan, Mayapuri, East of Kailash, Hauz Khas, Anand Vihar, Daryaganj, Maharani Bagh, Lajpat Nagar, South Extension (NDSE), RK Puram, Saket, Panchsheel Enclave, Rajouri Garden, Mohan Cooperative Industrial Area, Defence Colony, Shalimar Bagh, Pitampura, Paschim Vihar,
Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.
home owner title search, chain of title report, real estate title, house title, current owner, preliminary report
