Lost Property Records : A sale deed is an important document for transferring ownership of a property. Any transaction related to goods cannot be done without original documents. Transactions related to the sale and purchase of real estate are only possible with original property documents. That is why it is important to keep these papers carefully. What do you do if you lose your property papers for some reason? We will give you the answer here.
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You must register a FIR
The most important thing is to file an FIR (First Information Report) stating that the original documents of the property have been lost. After registering the FIR, a copy of it should be taken.
give notice in the newspaper
The next step is to contact English and regional language newspapers. Release of information related to the loss of documents containing details of assets.
reissue of share certificate
If you have lost the share certificate issued by the housing society then you can re-apply for re-issuance of share certificate. A copy of the FIR and the gazette notice must be attached to the application for re-certification and the other can be attached to the panel for re-issue.
Write a job
The next thing you can do is to take action on a stamp paper containing the details of the property, a copy of the FIR and a copy of the newspaper notice along with the information about the lost documents. Send this along with all the documents to the registrar’s office. This document must be written, verified and approved by a notary.
get a duplicate copy
To obtain a duplicate copy, a request must be sent to the Registrar along with a copy of the FIR, a newspaper notice, a notary’s application. After submitting all these documents, the payment must be deposited at the registrar’s office to obtain a duplicate copy.
Some things to remember
If the mortgage deed was deposited with the bank and the bank lost it, the bank is responsible for paying the deed. Sometimes online fire stations are available in other cities. You can view and submit complaints online. A FIR related to lost property can be filed by the owner of the property.
Once upon a time, buying a house in India was a difficult task. With direct legislative changes over the years, this is now a viable option. According to the Foreign Exchange Management Act (FEMA), a Non-Resident Indian (NRI) stays outside India for more than 182 days. The Reserve Bank of India oversees transactions such as the purchase of real estate by NRIs in India, and is funded by the 1999 FEMA.
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Property records lost track of the entire process
The next thing you can do is to take action on a stamp paper containing the details of the property, a copy of the FIR and a copy of the newspaper notice along with the information about the lost documents.
Article first published: Monday, October 24, 2022, 19:06 [IST]