Colloquial terms are veritably popular in Indian property-related deals, frequently leaving buyers and investors wondering about what their fairly- binding interpretation could be. One similar term, primarily used in land-related dealings in north India, especially in AP and TS is patta. While the term’ Patta’ conveys power over a land parcel, its fairly binding meaning is slightly different.
What’s a patta?
The Hindi term’ Patta’ literally means term and its legal interpretation – parcel – derives from this primary significance. When the rights of a land parcel are transferred by the proprietor to another reality for a specific period through a parcel, a patta document would formalize the process.
” A patta document signifies that a land parcel has been acquired for a specific period by reality by carrying out a parcel agreement. therefore, a patta is nothing but a parcel agreement. It must be noted then that the title of the land is not transferred in the name of the reality leasing the land; it remains complete with the original property holder,” says Brajesh Mishra, a Gurgaon- grounded counsel specializing in property law.” Buyers frequently confuse this term with land holding, which is nothing but an extensively-held wrong notion,” adds Mishra. The document also appertained to as a record of rights, easily mentions the name of the border as patta- dhari, the leaser as patta- data, and the leasehold property as Patta- Christi. As this parcel is registered before fairly coming into effect, the original profit department keeps a record of all parcel agreements.
Buyers investing in plots have to flashback that a border has no legal right to vend a property. For a plot purchase, one has to deal directly with the landlord while also making sure that the said property has not been leased by him.