Lucknow Property Help Desk

Beautiful Unique house for sale in Surajkund, Gorakhpur.
Two side open area, 1600 sq.ft Ground +2floor.(2bhk at each floor)
Interested buyers can contact vis DM.

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Tips to protect your residential plot from encroachment.

Legal advice

Before you plan to purchase land, it is imperative to seek advice from legal experts. Share all the documents with the legal advisor and delve into know-how about the registration of the property with the district authority.

Also, ensure that the land is free from all encumbrances and the person you are dealing with is the actual owner of the property. An expert can help you with all the necessary documents and the verification which would otherwise be difficult for you.

Revenue records mutation

Whether acquired by purchase, gift or relinquishment, ascertain that all revenue record mutations have been done in your favour. According to S. Babu and Aditya Khadriya, ELP Legal Experts Team, “Mutation is a change in the title ownership from one person to another when the property is sold. The procedure involves property transfer and registration of the new owner in 7/12 document. The registration is followed by a nominal fee amount that varies from state to state.”

Once the mutation is completed, the document must be collected from the revenue office within six months of the acquisition.

Registration

Once you have acquired the property, register yourself with the Registration Association of that respective area. Though this not a part of the legal proceedings but registering with the registration association of the society will help you in building rapport with your neighbours. A good relationship with the society members will assist you in case any illegal disputes arise in the future.

Fencing

Fencing the property is imperative to avoid any physical encroachment. You can either fence the property with wires or can create a wall around it. For further security, you can also build up a small property and rent it out. However, affirm that you maintain a tenancy agreement and that it is duly signed by the tenants.

Periodic visits

If you are living in another city or the plot lies in the outskirts of the city, make a point to arrange periodic visits to the site. In most cases where the owner does not conduct frequent trips to the particular site, someone else seizes the property. In case you are unable to travel on frequent basis, hire security services that monitor your property and updates you regularly. Hiring service providers will cost you a surveillance fee, however, it will be a much better way to watch over your property.

Lucknow: Strongly positioned and giving good returns in investment in property.
YOY returns show an upward trend making investors richer by a good margin.

*Growth in prices (CAGR)
1 year: 6.41%
3 years: 10.07%
5 years: 13.1%

* Economics Time