After youโve booked a property (paid token/booking amount) in Saket / South Delhi, youโre entering the most critical phaseโwhere the deal becomes legally solid or risky if handled casually.
Hereโs the exact sequence you should follow ๐
๐งญ 1. Get Written Confirmation of Booking
Right after paying token:
- Take a signed receipt from seller
- Mention:
- Amount paid
- Agreed price
- Refund conditions
- Timeline for next steps
๐ This protects you if the deal falls through.
โ๏ธ 2. Start Legal Due Diligence (Immediately)
Donโt delay this even by a day.
Hire a property lawyer to verify:
- Clear ownership title
- Previous sale deed chain
- Freehold vs leasehold status
- Property tax paid
- Any loan / mortgage on property
- Approved building plan
๐ If anything is wrong:
- Renegotiate OR
- Exit safely (based on token terms)
๐ 3. Draft Agreement to Sell (ATS)
Once basic checks are okay:
ATS will include:
- Final agreed price
- Payment schedule
- Registry timeline
- Penalty clauses
- Possession details
๐ This is your main legal safety document
๐ก Never sign without legal review.
๐๏ธ 4. Sign ATS & Pay Advance
- Usually 10%โ30% of property value paid at this stage
- Both buyer & seller sign
๐ After this:
The deal becomes legally binding
๐ฆ 5. Start Home Loan Process (If Needed)
Submit documents to bank:
- ATS
- Property documents
- Income proof
Bank will:
- Do legal verification
- Do technical valuation
- Approve loan
๐ Takes ~2โ4 weeks
๐ 6. Document Collection & Verification (Parallel Step)
Ensure you collect copies of:
- Title documents
- Chain papers
- NOCs (if applicable)
- ID proofs of seller
๐ Keep everything organizedโthis avoids last-minute panic.
๐ต 7. Arrange Funds for Final Payment
Before registry:
- Arrange:
- Own funds
- Loan disbursement
๐ Ensure no delay, or penalties may apply.
๐๏ธ 8. Prepare for Registry
Pre-registry tasks:
- Calculate stamp duty (~6โ7% in Delhi)
- Book sub-registrar appointment
- Prepare sale deed
๐ Your lawyer usually handles this.
๐ 9. Final Registry (Ownership Transfer)
At registrar office:
- Sign sale deed
- Pay stamp duty
- Property officially registered in your name
๐ This is the final legal transfer
๐ 10. Possession & Handover
After registry:
- Get keys
- Collect:
- Original documents
- Completion certificate (if any)
- Transfer utilities (electricity, water)
๐ 11. Post-Purchase Formalities
Often ignored, but important:
- Mutation in municipal records
- Update property tax ownership
- Inform RWA/society
โ ๏ธ What Can Go Wrong After Booking?
Be careful here:
โ Token terms unclear โ money stuck
โ Legal issue discovered late
โ Seller delays paperwork
โ Loan rejection
โ Price dispute reopens
๐ง Pro Tips (South Delhi Specific)
โ๏ธ Move fast after booking
โ๏ธ Donโt trust verbal commitments
โ๏ธ Always use a lawyer
โ๏ธ Double-check builder floors carefully
๐ Timeline After Booking
| Step | Time |
|---|---|
| Legal check | 5โ10 days |
| ATS signing | 3โ7 days |
| Loan process | 2โ4 weeks |
| Registry | 1 week |
๐ Total: 3โ6 weeks typical
๐ Final Summary
โ๏ธ After booking:
Legal check โ ATS โ Advance payment โ Loan โ Registry โ Possession
๐ก One-Line Truth:
โBooking is just the entryโownership comes only after registry.โ