CONTINUATION OF MY PREVIOUS ' REAL ESTATES......' DATED 17TH MAY, 2006.

Next important step is to find out the owner of the site, as recorded in the revenue department records. It is called the ROR (Record of Rights). Find out the real owner of the site. Or else, it ends like purchasing Charminar, or Tajmahal, or Howrah Bridge. The broker or relatives of the land lord may show you the registered document, but that is not the end. Take the xerox copies of the document and verify or find out the real owner of the site from the revenue department. Sometimes it so happens that the name of the person named in the document is not recorded in the revenue records. That means he(the person named in the registered document) is not the owner of the site. If he still claims he is the owner of the site and there is some mistake in the revenue records, it is understood that the MUTATION was not done. Now at this stage put off the deal. Because the real owner of the site is not known or the land in question is under dispute, for which the MUTATION was not done in the revenue records.
MUTATION means alteration or changes that are to be made in the ROR. After the deal is complete and money has changed the hands you will get all the registered documents, showing the site, its plan, location, boundaries, area, etc., etc., Holding this document if you think that you are trouble free, you are mistaken. Here comes the important function called "Mutation". You may apply to the local MRO, to record your name as the legal owner of the site in his office records and get the confirmation from the MRO to that affect in writing. This process of mutation takes at least two to three months to complete, because MRO has to advertise and should invite public objections if any.If nobody objects to this mutation, your name will be incorporated in the revenue records as the legal owner of the site. Now you are free from trouble or future complications. If you do not do this mutation, and sit somewhere in USA or UK, your land will be sold again by the previous owners to another person and the purchaser performs the mutation also, then imagine where you stand.
I hope I am absolutely clear in expressing my thoughts here. I don't want you to purchase Charminar, Tajmahal, or Howrah Bridge. However if you happen to purchase it, complete the transaction and see that you are the real and legal owner of that ASSET.
( continued in my next.........................)