Security Creation in Mp

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PROCEDURE AND DRAFTS – Madhya Pradesh

Free Hold Title

1. Free Hold Land Loans
2. Self construction/extension
3. Resale of free hold row house/bungalow
4. Direct purchase of flats/row-house from society
5. Direct purchase of flats/row-house from Builder
6. Resale of society flats/row-house
7. Resale of builder flats/row-house

Lease Hold Title

1. Purchase of Plot / House directly allotted by DA.
2. Resale of Plot and House allotted by DA.
3. Direct purchase of flats/row-house from Society where Builder has leasehold title 4. Resale of flats/row-house from Society where Builder has leasehold title 5. Direct Allotment of MPHB Hire Purchase Cases

6. Re-allotment of MPHB Hire Purchase

The Development Authority shall include the following and hereinafter referred to as “DA”: Indore Development Authority (IDA), Bhopal Development Authority (BDA), Jabalpur Development Authority (JDA), Ujjain Development Authority (UDA), Gwalior Development Authority (GDA).

FREEHOLD TITLE

1. Freehold Land Loan

Pre-disbursal documents:

1. Original stamped Agreement to sell between seller & borrower. 2. Copies of all previous title deeds & link documents establishing chain of title upto present seller 3. Copy of Diversion certificate.

4. Copy of Nazul NOC (Applicable only for MC areas)(NA, if approved Building Plan has been obtained) 5. Khasra nakal – P-II & Kisth Bandi – B-I. (Applicable for Non MC areas) 6. Latest Property Tax Receipts for land

7.TCP approval for layout/colony.
8.Coloniser Licence and Development Permission
9.Original own contribution receipts (if not included in Sale Deed) 10.Title clearance report from Advocate for last 13 years in detail & Search fee receipt 11.Bhu-rin Pustika (NA for the properties situated in the Municipal limits)

Over-the-counter documents:

12.Original duly stamped and registered Sale Deed in favour of borrower/s (Please note that the value declared in the Sale Deed should be as per the value declared in the Sale Agreement)

13. All previous Title Deeds in original.

2. Self-construction / extension on freehold plot -individual

1. Original duly stamped and registered Sale Deed in favour of the Borrower/s 2. All previous Title Deeds and link documents in original
3. Map approved by Municipal Corporation / Competent Authority and Approved Building plan of Extension -(Applicable in case of Extension) 4. Building Permission
5. Original Detailed estimate of construction work by Architect. 6. Khasra nakal P-II & Kisth Bandi B-I (In case it is a builder’s/society’s plot a copy may be provided.) (Applicable for Non MC areas) 7. Latest Property Tax receipts

8. Bhu-rin Pustika (NA, for properties situated in Municipal Limits) (In case it is a builder’s/society’s plot a copy may be provided.) 9. Title clearance report from advocate for last 13 years in detail & Search fee receipt 10. Copy of Diversion certificate

11. Nazul NOC (applicable only for MC areas)(NA, if approved plan is obtained). 12. TCP Layout approval
13. Coloniser License with Development Permission

3. Resale of freehold rowhouse/bungalow

Pre-disbursal documents:

1. Original stamped Agreement to sell between seller & borrower 2. Copy of all previous title deeds & link documents
3. Copy of diversion certificate
4. Copy of Nazul NOC (applicable only for MC area) (NA, if approved Building Plan is available) 5. Khasra nakal – P-II & Kisth Bandi – B-I (Applicable for Non MC areas) 6. Latest Property tax receipts

7. TCP approval for layout/colony.
8. Copy of Coloniser License with Development Permission.
9. Original own contribution receipts (if not included in Sale Deed) 10. Title clearance report from Advocate for last 13 years in detail & Search fee receipt 11. Bhu-rin Pustika (NA for the properties situated in Municipal Limits) 12. Map approved from Municipal Corporation / Competent...
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