First Home Purchase Checklist (Indian Cities)
Created by Cheli
Step‑by‑step actions from checking your CIBIL score to registering the property.
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Checklist Items (29)
Assess financial readiness
Calculate total budget including down‑payment, registration, stamp duty, brokerage, and moving costs.
Create a savings plan
Set aside at least 20% of property cost for down‑payment and 2% for registration fees.
Get loan pre‑approval
Approach banks or NBFCs with documents to secure a sanction letter.
Prepare documents
Gather PAN, Aadhaar, salary slips, Form 16, IT returns, and bank statements for the last 6 months.
Obtain sanction letter
Secure a pre‑approval letter stating loan amount, rate, and tenure.
Search for property
Identify neighborhoods, verify connectivity, and shortlist projects.
Negotiate and book the unit
Finalize price, payment schedule, and obtain booking receipt.
Confirm price breakdown
Ensure base price, carpet area, and additional charges are clear.
Secure booking amount
Pay the required token (usually 1‑2% of price) and get an acknowledgment receipt.
Obtain agreement to sell
Get a signed agreement outlining terms, exit clauses, and possession date.
Legal due diligence
Verify ownership, approvals, and encumbrances before signing sale deed.
Check title deed
Ensure seller holds clear title; request an updated title report from a lawyer.
Verify approvals
Confirm land use, building plan, environmental clearances, and water connections are approved.
Hire a conveyance lawyer
Engage a qualified attorney to draft and review the sale deed.
Finalize financing
Submit loan application, complete valuation, and sign loan agreement.
Submit loan documents
Provide sanctioned letter, property documents, and KYC to the lender.
Property valuation
Bank sends a valuer; ensure valuation matches agreed price, else negotiate.
Sign loan agreement
Review interest rate, prepayment penalty, and insurance requirements before signing.
Prepare for registration
Gather all required documents and calculate stamp duty.
Collect registration documents
Sale deed, PAN, Aadhaar, passport photos, PAN card of seller, and NOC from society.
Arrange payment modes
Prepare demand draft or e‑payment for stamp duty; keep cash receipt for registration fee.
Execute registration at sub‑registrar office
Attend signing, pay duties, and receive registered deed.
Attend signing appointment
Both buyer and seller must be present with witnesses (minimum two).
Pay stamp duty & registration fee
Submit demand draft; obtain payment receipt.
Obtain registered sale deed
Collect deed after verification; keep multiple certified copies.
Post‑possession tasks
Complete handover, utility transfers, and tax filings.
Inspect possession handover
Check for agreed finishes, utilities, and obtain completion certificate.
Transfer utilities
Apply for electricity, water, gas, and internet in your name.
Update property tax records
Notify municipal corporation and pay first year tax.
Register with society / builder
Complete membership forms, pay society fees, and receive welcome kit.