Tenancy in Common (TIC) in Indian Real Estate:

Tenancy in Common (TIC) in Indian Real Estate: Tenancy in Common (TIC) is a legal arrangement in which two or more parties jointly own a piece of real property, such as a building or a parcel of land. This structure allows each party to hold a distinct share of the property, adding flexibility and shared responsibility to property ownership. A significant feature of a TIC is that any party can sell their share of the property independently and also reserve the right to pass on their share to their heirs, making it an attractive option for estate planning. Prevalence of Tenancy in Common in India: TIC arrangements are most prevalent in urban areas of India, especially in bustling cities like Mumbai, Delhi, Bengaluru, and Chennai. In these densely populated regions, where real estate prices can be prohibitive, TIC enables multiple investors to co-own properties, which makes it easier to enter the property market together. This arrangement is commonly utilized in residential complexes and...
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How do we check ownership of a Property in India

 HOW DO WE CHECK OWNERSHIP OF A PROPERTY IN INDIA


 In India, you can search for property ownership information through the land records available in various state-specific land revenue departments. The process may vary slightly from state to state, but here are the general steps to search for property ownership:

 

1. **Identify the Location**: Determine the district and locality where the property is located. Property records are maintained at the local level.

 

2. **Visit the Local Revenue Office**: Go to the local Tehsildar's office or the Revenue Department office in the area where the property is situated.

 

3. **Request Property Records**: You can request property records by providing details such as the property's survey number, village or town name, or the property owner's name.

 

4. **Access Land Records**: In many states, land records have been digitized, and you can access them online through the respective state's land records website. Alternatively, you may need to access physical records or request them in person.

 

5. **Search by Name or Survey Number**: You can search for property ownership information using the property owner's name or the property's survey number.

 

6. **Verify Ownership**: Once you have located the property record, you can verify the ownership details, including the current owner's name and any transaction history.

 

7. **Get Certified Copies**: If you need certified copies of property documents for legal purposes, you can request them from the revenue department. There may be a nominal fee for this service.

8. For West Bengal as I live here we use the app: JOMIR TOTHYA, there are other resources also Yes this would make it a little easier, I am posting the link:

https://play.google.com/store/apps/details?id=com.app.nic22.banglarbhumi&pcampaignid=web_share

9. In a similar way You may check apps and websites relevant to Your state.

Please note that property records in India can be quite extensive and may include historical transactions, so it's essential to verify the most recent information to ensure accuracy. Additionally, consulting a local lawyer or real estate expert can be helpful for a thorough property search and due diligence.

 

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