What Is Encumbrance Certificate & Importance of Encumbrance Certificate

 


encumbrance certificate


An Encumbrance Certificate is a crucial document while transferring the property rights from the buyer to the seller. It proves the ownership of the property and indicates whether the property is free from legal or monetary issues. 


What Is An Encumbrance Certificate?

An encumbrance certificate is an important document that indicates the ownership of the property. The encumbrance certificate shows all the property transaction details for a specific time period. So, while buying the property, you can refer to the Encumbrance Certificate to ensure that the property is free from legal or monetary issues. 


Why Encumbrance Certificate Is Important?

The Encumbrance Certificate is an important property-related document because of the following reasons.


  • The Encumbrance Certificate Is mandatory while transferring the rights of the property from the buyer to the seller.

  • It validates the free title or complete ownership of the property.

  • It gives complete property transaction details.

  • It gives status on the legal and monetary issues related to the property.


How To Apply For The Encumbrance Certificate? 

You can get the Encumbrance Certificate from the Sub Registrar’s office. In some states such as Telangana, Kerala, Andhra Pradesh, Karnataka, Odisha, and Puducherry the encumbrance certificate can be applied and downloaded online.


Important Documents Required For The Getting The Encumbrance Certificate

Following are the important documents required for getting the Encumbrance Certificate. 


  • Copy of Application

  • Proof of Identification

  • Address Proof Of The Applicant

  • Property Related Documents- Sales Deed, release deed, etc

  • Applicant’s Affidavit for the ownership of the property. 


Application Fee for The Encumbrance Certificate

The application fee for the Encumbrance certificate is different for the different states. The application fee for the Encumbrance certificate can depend on the period for which the encumbrance certificate needs to be obtained. 


For Example: Kaveri Online EC


Finally


How Much Time Does It Take To Get The Encumbrance Certificate?

Generally, the total amount of time required for getting the Encumbrance certificate is 15-30 days. Since different states have a slightly different process for the application of the time required to get the Encumbrance certificate can vary.


Source Link: https://www.homebazaar.com/knowledge/encumbrance-certificate-online/




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