What documents are required for NRIs to sell property in India?

Answered by

A Agarwalla & Co.

Published At June 25, 2024

Answer

When an NRI (Non-Resident Indian) decides to sell property in India, several key documents are required to ensure the transaction is legally compliant and smooth. Here is a list of essential documents needed for an NRI property selling process:

  • Passport and OCI/PIO Card: These documents verify the identity and residency status of the NRI.
  • PAN Card: A Permanent Account Number (PAN) card is mandatory for all financial transactions in India, including property sales, to ensure tax compliance​.
  • Title Deed: This document proves the NRI’s ownership of the property and is essential for any property sale​​.
  • Sale Deed: The sale deed is the primary legal document in a property transaction, detailing the sale agreement between the buyer and the seller​.
  • Encumbrance Certificate: This certificate shows that the property is free from any legal liabilities or loans​​.
  • Tax Receipts: Up-to-date property tax receipts ensure that there are no outstanding tax dues on the property​.
  • Power of Attorney (if applicable): If the NRI cannot be physically present to execute the sale, a power of attorney allows a designated person to act on their behalf​.
  • Non-Objection Certificate (NOC): Required from various departments, such as the municipal authority, to confirm that there are no objections to the sale​.

These documents ensure that the sale process is transparent and legally sound, safeguarding both the buyer and the seller from potential disputes or legal issues.