How to check mortgage on property in india online? If you are looking to buy a property in India, it is important to do your research and check the mortgage status of the property before making a purchase. A mortgage is a legal agreement where the property is used as collateral for a loan. It is essential to check if there is an existing mortgage on the property you intend to buy as it can affect the ownership transfer process. In this article, we will guide you through the process of checking the mortgage on a property in India online.
Identify the Jurisdiction of the Property The first step in checking the mortgage status of a property is to identify the jurisdiction of the property. This is the area where the property is located, and it falls under the jurisdiction of the local registrar office. You can identify the jurisdiction of the property by looking at the address of the property or by visiting the local registrar office website.
Visit the Local Registrar Office Website Once you have identified the jurisdiction of the property, the next step is to visit the local registrar office website. Most registrar offices in India have an online portal where you can search for property information. The website will have a link to a property search page, which allows you to search for property details.
Enter Property Details To check the mortgage status of a property, you need to enter the property details. This includes the property address, survey number, and sub-division number. You may also need to provide additional details such as the property owner’s name or ID number.
Search for Property Information Once you have entered the property details, click on the search button. The website will display the property details, including ownership details, mortgage details, and encumbrance details. The mortgage details will show whether there is an existing mortgage on the property.
Verify Mortgage Details After you have searched for the property information, it is important to verify the mortgage details. Check the name of the mortgage holder, the loan amount, and the date of the mortgage. If there is an existing mortgage on the property, it is important to know how much is outstanding on the loan and if the mortgage is up to date.
Seek Professional Help If you are not confident in checking the mortgage status of a property online, it is best to seek professional help. You can hire a lawyer or a property consultant who can help you with the process. They can verify the mortgage details and provide you with additional information on the property.
In conclusion, checking the mortgage status of a property in India is an important step in the property buying process. It helps you to avoid any legal issues and ensures a smooth transfer of ownership. By following the above steps, you can check the mortgage status of a property online and make an informed decision when purchasing a property.