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I am planning to purchase a small residential property (around 3.7 cents of converted land) in Kundapura, Karnataka. The property has a house, and the seller claims that all documents are clear. However, the seller says that the conversion is in his name and he has a registered sale deed, but the RTC (Pahani) still shows the previous owner. He says this is normal and takes time, and has suggested that I check with lawyers or banks. I need clarity on the following: • Is it safe to buy the property when the RTC is not updated in the seller’s name? • How important are mutation and RTC updates before purchase? • Will banks approve loans in such cases? • What risks are involved if I proceed with the purchase? • Should I insist on mutation completion before registration? I want to avoid any future legal or financial issues.
RTC not updated in seller’s name creates legal risk even if sale deed exists. It may lead to ownership disputes in future. Banks may also refuse loan in such cases. It is better to ensure mutation and RTC update before purchase. Always verify title documents, EC, and take legal opinion to avoid future property disputes or financial loss. For further legal assistance contact us on our helpline number.