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.