To determine if a property is freehold or leasehold, you can follow these steps:
1. Check the Sale Deed or Title Deed
Freehold Property: The sale deed should clearly mention that the property is freehold, which means the buyer will have full ownership of both the land and the property, with no time limit.
Leasehold Property: The sale deed will mention that the property is leasehold, meaning you own the property for a fixed term (e.g., 30, 60, or 99 years), and the land is owned by a government body or a private landlord.
2. Verify with the Local Authorities
Municipal Corporation/Development Authority: Visit or contact your local municipal office or development authority (like DDA, MHADA, etc.) to verify the status of the land. They should be able to confirm whether the land is freehold or leasehold.
3. Property Registration
Look up the property registration details with the local Sub-Registrar. The registration certificate should include details about whether the property is freehold or leasehold.
4. Check the Land Records
If the property is part of a development or housing society, ask for the land title records to see if the land is under a lease or if it's freehold.
5. Consult a Property Lawyer
A lawyer can help verify the status of the property and ensure that all legal documents are in order.
Freehold: You own both the property and the land, and can sell, lease, or transfer it at will.
Leasehold: You have the right to occupy the property for a set period, but the land belongs to someone else (like a government or private entity). When the lease expires, the property may revert to the landowner unless extended.