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Find out how to get EC or Encumbrance Certificates on-line in Bangalore? Encumbrance Certificates or EC is likely one of the most necessary land doc. Many people used to go to the registrar workplace and apply manually and look forward to 1-2 days to get it. Nevertheless, now the Authorities of Karnataka made it easy to use it on-line and obtain it.
Encumbrance Certificates is just not solely required to confirm the previous data associated to property but in addition it is a crucial doc you must submit with the financial institution if you apply for a mortgage.
What’s Encumbrance Certificates or EC?
Encumbrance Certificates reveals a chunk of proof that whether or not there are any dues on property each Mortgage and Authorized and the title of the property is evident and marketable or not. It accommodates all of the transactions in respect of the mentioned property. Encumbrance is mainly a Cost / Legal responsibility / Lien which is created on the property, which is held as a collateral or safety towards the debt that isn’t cleared/paid as on date.
In easy time period, Encumbrance means whether or not the properties have any lien on them, whether or not hooked up by the courtroom, whether or not mortgaged or bought and so forth. by the proprietor of the involved property.
Do keep in mind that EC or Encumbrance Certificates itself not assure you that it’s the legitimate single proof that property is legally legitimate to purchase. Nevertheless, it’s ONE amongst many paperwork which you must confirm.
Few transactions might not replicate on Encumbrance Certificates and they’re as under.
# Equitable Mortgage Deed
Suppose, the property proprietor deposited the title deed (property sale deed) with the financial institution and availed a mortgage, then such loans might not replicate in EC. As a result of in lots of circumstances such Equitable Mortage Deed is just not registered with involved sub-registrar workplace by lenders (banks). Therefore, it’s onerous to search out any mortgage on such properties.
# Outdated Encumbrance Certificates
If you find yourself verifying the property paperwork, even in case you discover EC of some days previous, then don’t belief. As a result of inside a single day, the prevailing proprietor would possibly promote the property to another person and exhibiting you the previous EC. Therefore, you must be very cautious whereas coping with and understanding the significance of EC.
# Non-public Offers
If a property proprietor entered with another social gathering to avail the mortgage on by mere settlement and stored his authentic land papers with the lender, then such transactions might not seem in EC.
In easy time period, any transactions that get registered with Sub-Registrar Workplace (whether or not it’s promoting, lien, mortgaged, hooked up by the courtroom or bought to another social gathering or not) will replicate in Encumbrance Certificates. Nevertheless, any offers or transactions that NOT registered with the Sub-Registrar Workplace is not going to replicate in EC.
Find out how to get Encumbrance Certificates on-line in Bangalore?
Now allow us to perceive the process to get the Encumbrance Certificates on-line in Bangalore.
Step 1-Go to the Kaveri On-line Providers. Right here when you’ve got not created an account, then you must first create the account by clicking on “Register as a brand new person”. You must present your private particulars to register like Identify, Date of Delivery, Tackle, PAN, Cell quantity, Electronic mail Id and so forth.
An activation code shall be despatched to your Electronic mail Id and in addition an SMS to your cellular quantity. Enter the code and click on on Activate tab. As soon as that is completed, then you may log in to Kaveri On-line Providers simply and alter the password.
Step 2-After login, click on on “On-line EC” tab for getting the net EC.
Step 3-Now you must first choose the date vary from which you want the data of property by referring the sale deeds.
Together with this, you will need to additionally fill the small print like property sort quantity, property sort (Agriculture Land or Non-Agriculture Land) and in addition the property boundary traces with the measurement of the property.
After filling all related knowledge, verify ‘Ship OTP to view Doc’ possibility. An OTP is shipped to your registered cellular quantity. You must enter that OTP to view/obtain Property Encumbrance Certificates on-line.
Step 4-Click on on ‘View Doc’ to obtain or print the required EC. You’ll be able to view the EC on-line with out paying any free on the freed from value. Nevertheless, in case you want the digitally signed copy, then you must pay the charge.
Step 4-Now in case you wished to obtain the licensed copy of Encumbrance Certificates, choose the choice ‘Examine to use for digitally signed EC’ possibility after offering the OTP after which click on on ‘View Doc’. Click on on ‘Proceed’ possibility on the finish of the net PDF doc and pay the required charges.
When you pay by way of their Unified Fee Gateway, then your transaction receipt get generated.
Step 5-Then you must click on on “Refresh cost standing” button.
Step 6-Your on-line EC utility shall be submitted and saved underneath ‘Pending / Saved Software’ part for additional processing. Your utility for EC shall be despatched to the involved authorities and shall be digitally signed.
After deciding on the related EC, you may obtain the digitally signed EC to your utilization.
Weblog reader Mr.Visitor up to date this for the advantage of different readers “One ought to click on SUBMIT button after making the cost. SUBMIT button is situated under EC utility. You’ll be able to attain EC utility by way of the Saved folder. I didn’t do this for per week and it was caught. After I clicked on the button and submitted the appliance for digitally signed EC it took 2 working days.”
In the event you nonetheless have a doubt concerning this course of, then let me know your problem.
The most important benefit of getting EC on-line is that you simply no have to pay the extra value which few AGENTS or officers itself ask for. It’s utterly free from bribe and cost-effective. Nevertheless, I’ve to see how this shall be served to the necessity with time-bound method.
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