![]() ![]() A guarded buyer may ask for it.Īlso Read: What Should NRIs Do When Their Apartments Get Delayed? This is important in the case of a house, an apartment or even land.Īpart from these documents, it would also help if an NRI can provide documents of property tax receipts over the years. Encumbrance certificateĪn encumbrance certificate is necessary to assure the buyer that the land or the property has no dues to any legal authority. While a copy of an approved building plan is necessary for selling a property, an occupation certificate is a proof that the apartment has been occupied and is also given out by the builder or the building society. Approved building plan & occupation certificate A copy of membership of the society is also important to establish ownership of the property. This document states the seller has no outstanding payments to the society. Documents from the societyįor an apartment in a particular society, a letter from the apartment/society is needed for a go-ahead to the sales process. Allotment letterĪ letter of allotment (from a society, a builder or any relevant authority) bestows the property to the said person who holds it. A legal document, sale deed is an agreement executed by an NRI while purchasing an under-construction property in India. Sale deedĪ key document needed in the process is the sale deed, also a primary proof of ownership. Same set of papers are also required as the proof of residence abroad. This may include a ration card, telephone or electricity bills, life insurance policy statements, etc. Address proofĪn NRI has to give documents in support of his address in India as well as abroad. In that case, tax returns for the whole property-ownership period should also be kept ready. If an NRI has been holding a property for a certain period and earning money from it (by renting it out, etc), the transaction becomes taxable. ![]() PAN numbers are given out to NRIs with a foreign communication address to select countries.Īlso Read: An NRI Without A PAN? You Won't Have To Pay Higher Taxes Now Tax returns However, experts believe NRIs should apply for a PAN (Permanent Account Number) card here when they intend to buy a property in India, as it will be required to apply for a tax exemption certificate as after the sale of the property. PAN cardĪ number of NRIs do not pay taxes in India, as their income is taxable in the countries they stay. This will serve as the identity proof of the person, involved in the transaction.įor an Overseas Citizen of India (OCI) and a Person of Indian Origin (PIO), a passport serves the same purpose. PassportĪn NRI, who want to sell a property in India, should hold a passport not necessarily an Indian passport. Check this list of documents that an NRI requires to sell a property. ![]()
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