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5 steps to take on documentation after you buy a house

Recheck whether the correct stamp duty has been paid when you buy a house. Otherwise, you may receive a recovery notice from the stamp department later on.

Buying a house is a tedious and time-consuming exercise. However, even after buying a house, there are a few important tasks that you must complete immediately. These tasks differ based on whether you bought a property in the primary (from a developer) or resale market. Other considerations are whether it’s an independent house or part of a housing society, if there a loan involved or it’s self-funded and so on. Read more to understand the tasks you must accomplish.

Make a file of property documents

Once you buy a property, have all the relevant documents properly arranged in a file. “Prepare records of all documents related to the property: sale deed, registration papers, name in the land records , bank loan document and account details of loans, builder-buyer agreements and so on,” says Harsh Pathak, Real estate matters counsel. While doing so, “also recheck whether the stamp duty has been paid appropriately or not. Else, in future, a recovery notice might be issued from the stamp department, added Pathak.

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