Bank Auction Properties in Thanjavur

Before you bid

Due diligence for Thanjavur district auction properties

Most problems with auction properties show up in the records before the auction. Check these, and ask us if anything in a notice is unclear.

• Land classification. For farm land, the A-register and patta show whether it is wet land (nanjai) or dry land (punjai). Using wet land for anything other than farming is restricted, so check before you plan to build.
• Temple and trust land. Some land in temple towns belongs to temples or trusts under the HR&CE department and is only leased. The patta and the encumbrance certificate show who owns the land under a building.
• Patta and chitta. Check that the land record is in the name the notice gives and matches the survey number. You can view patta, chitta and the A-register extract on the Tamil Nadu e-services website (eservices.tn.gov.in).
• Encumbrance certificate (EC). Download the EC for the survey or document number from TNREGINET (tnreginet.gov.in), the Registration Department’s website, and read every entry for loans, sales and court orders.
• Approvals. For a plot or building, ask whether the layout and building plan are approved (DTCP, CMDA in the Chennai area, or the local body). Unapproved plots can be hard to resell or build on.
• Guideline value and costs. Look up the guideline value on TNREGINET and budget for stamp duty and registration on the sale certificate, plus any property tax, water or electricity dues the notice leaves to the buyer.
• Possession and occupancy. The notice says whether the bank has physical or symbolic possession. With symbolic possession someone may still live there, which can delay handover.
• “As is where is”. Banks sell without promises about condition or hidden dues. Visit the property and, for a high value purchase, get a lawyer’s title report.