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Why Encumbrance Certificate is needed?

Chennai is filled with many new residential spaces in various areas. Be it the new flats for sale at T. Nagar or new apartments in Perumbakkam, getting the encumbrance certificate is highly important.


The encumbrance certificate is an extract issued by the sub-registrar’s office that highlights the details of the various transactions taken place in a specific survey number for a specified period of time. It provides evidence that the property in question is free from any monetary and legal liabilities. Normally the applicant will have to clearly mention the search period for which the encumbrance certificate is sought for.


The transactions recorded in Book I Extract (also known as Index II) maintained with the sub-registrar's office records — such as the sale agreement, sale deed, partition deed, release deed, settlement deed, gift deed, mortgage deed, mortgage discharge receipt, court attachment orders, etc. will find a place in the encumbrance certificate. The certificate will highlight the date and details of the transactions, volume number, book number, document numbers, and names of the parties to the transaction.


In Tamil Nadu, computerised encumbrance certificates are issued to make it more convenient for the people and cut short the lengthy procedures. The issuing for this certificate through the computer has been established only among few states in India.

 

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