Cost of Title Search Report in the cities like Mumbai, Delhi, Calcutta, Chennai, Hyderabad, Ahmedabad etc. across India
It is a precondition of any financial institute such as Banks, Finance Companies or Private Lenders before providing funds and lending money on Real Estate such as Houses, Shops, Commercial Offices, Lands, etc to get the title of the property verified and the question as to "How to check Property Record" before lending over a property and to verify it's genuine and Legal title becomes extremely essential for the Money Lender who lend it's money to on the real estate.
Customarily, the Title of any property had to be verified by the Solicitors or Law Firms which had procured such expertise in the field of "land record search" but gradually expansion of Legal fields, the Banks have hired in house individual Lawyers, Advocates & Attorneys who now perform title search of the property before such Bank or Financial Institute lend money to them and therefore, sometime such institute directly collect the amount from such applicants who apply for loan.
In other case, when an individual, company or investor who wants to invest in a property wants to make his investments secure, contacts Legal Advisors, Advocates/Lawyers, Attorneys and Solicitors who investigate the title of the proposed property which the person intents to buy or invest into, and after carrying out the TITLE SEARCH, they issue TITLE SEARCH REPORT with legal opinion thereto, which including all history and chain of title of the property with existing owner details, and this process takes 3 to 4 days in general, but apart from this, in case, where the investor wants to make his purchases safe, he/she apply for TITLE CLEARANCE CERTIFICATE, and in such case, apart from the basic title search of the property, a detailed Legal investigation is required and as a part of issuance of TITLE CLEARANCE CERTIFICATE, the publication of Rights in the local New Paper, where the property is located is also published and after certaine fixed statutory period, the certificate is being issued to the person.
In Case i.e. in the case of TITLE SEARCH REPORT the fees and amount of the Legal advisor, Solicitors, Advocates/Lawyers were never fixed and was starting from Rs.25,000/- up to the 1% percent or more of the property value which could be up to any extent.
Similarly the in case of TITLE CLEARANCE CERTIFICATE the fees was starting from 1% of the property's Market value, which could go up to any extent.
and therefore, the www.TitleClearance.com has introduced the fixed and fair price throughout the INDIAN REGION as under