Possession certificate is issued by the erstwhile owner or seller to the buyer stating the date of possession. You can also use the certificate to get a home loan from a bank, NBFC, or HFCs. During the sale of a property, it’s mandatory for the seller to produce the certificate to the concerned buyer. In rural areas, it’s the concerned Tahsildar who is in charge of issuing the certificate, and in urban areas the concerned RDO (Revenue Divisional Officer) issues the certificate. You can also use this certificate to include your property in the land revenue records.Benefits
If the land is not under any legal dispute, the possession certificate will be issued. Also, note that the concerned land should not belong to the Government.Fees and Charges
|For APL families||Rs.10|
|For BPL families||Nil|
APL = Above Poverty Line
BPL = Below Poverty Line
Possession certificate protects you against any litigation and asserts your rights as the property owner. Also, if you plan to sell the property in the future, you will need to produce this document to the prospective buyer.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.