How to prevent from property frauds in india?
For many people , the most important asset would be the property they own. That in effect, because of the interest assigned to bricks and mortar, puts properties at risk of fraudulent behavior. Those most at risk from property fraud are people who don't live in the property full time, and this includes those who rent out their house, others who live overseas, owners of unused or vacant house and owners of unregistered land.
So, here are some easy ways you can help protect yourself from fraudulent transactions on property:
Ensure you have your property registered.
Any property that was bought or mortgaged after 1998 would be registered but it could be unregistered if the property was kept for longer.
Inform the Land Registry if there are errors in the Property title.
Of example , if you buy an investment property, it is wise to ensure that your current home or office address is used as an address for the title service, so that you have the appropriate contact information for the Land Registry.
See Also: Top 10 tips to sell property faster
Receive updates about your estate
Recently, the Land Registry has introduced a facility where you can sign up for updates to the land. The facility will alert you if an application has been made to amend your property's register. It is a free service and while it does not block applications it will warn you when a change is requested.
Set a restriction on the title to your property
A restriction is a type of language that can be registered on your property title requiring that you, or your solicitor, give a certificate to verify that with your permission, any request made in relation to your property is made.