– As an individual buyer there are certain steps that are recommended to be followed which are:
1. Search Report : A search report traces the history of a property – who was the original owner of the property and how it has moved hands over a period of time before reaching the present seller.
2. 7/12 : 7/12 Extract or Record of Rights is the extract from the land records register held by the Revenue Department of Government of Maharashtra. 7/12 extracts contain complete information about land property in rural areas. While property cards are related to land property in urban areas.
3. FERFAR :
Ferfar is a legal document issued by the Maharashtra Government which contains details about all the transactions which have taken place for a piece of land in the state. Ferfar is also known as a land mutation record in the state of Maharashtra.