From Paperwork to Possession: The Home Buying Journey in Jaipur Explained
Buying a home is a great achievement in life. This significant milestone represents a place to call your own and a leap toward financial independence. From financial benefits to the joy of personalization, homeownership is a transformative journey. It brings stability and a unique sense of belonging. Understanding the home-buying process is essential to making informed decisions at different stages of the entire home-buying journey. Knowledge of all the essential steps you take to buy your dream home in Jaipur may elevate your real estate investment experience to the best level, ensuring high-end satisfaction. The entire home-buying process in Jaipur, like in any other city, involves many crucial steps, from paperwork to possession. This blog is intended to help you take every step like a pro to buy your home at the best price.
Understanding Key Trends Shaping the Jaipur Housing Market in the Year 2025
Even in the first quarter of the year 2025, the Indian real estate market continues to exhibit robust performance across all major sectors. “With projected interest rate cuts, housing affordability is expected to improve in 2025. Newer micro-markets in metro cities are appreciating, and average home prices in India are set to rise steadily over the coming years”- ET Online, Jan 01, 2025. The emerging micro markets around the metro cities like Jaipur and Rajasthan have seen more remarkable growth in pricing, with prices increasing by up to 69% in six years; this trend is also expected to continue in the year 2025. Peripheral areas around metro cities are gaining traction due to improved infrastructure and connectivity. The year 2025 is expected to see a significant rise in demand for properties in locations like Ajmer Road, Tonk Road, Jagatpura, Malviya Nagar, closer to the international airport, etc. “Between 2023 and 2024, Jaipur recorded a 65% increase in the weighted average price of new launch projects”- New Indian Express; Mar 06, 2025. Many other statistics underscore Jaipur’s growing appeal among homebuyers and investors.
From Paperwork to Possession: Step-by-Step Guide for Home Buying in Jaipur
Before approaching a real estate broker to buy your home, you need to consider many aspects. Are you strategically and realistically ready to buy your first home?
What should you consider before involving a real estate broker? The key considerations for preparing to buy a home involve:
What type of home best suits your needs?
What particular features of a home will you prefer?
What are the suitable locations you would like to explore for your home-buying options?
What is the maximum budget?
What size of mortgage will you qualify for? Check your CIBIL score for free.
Do you have enough savings for a deposit?
What kind of home can you afford?
What kind of particular help will you need from the real estate broker?
After listing your priorities and hiring an experienced real estate broker, the next phase is buying, encompassing paperwork to possession.
Paperwork To Possession: The Key Steps for Home Buying
Checklist of Documents Required for Property Registration in Rajasthan
Proof of ownership
Assessment of MC or mutation
Certified copy of the original old sale deed
Release deed for identification of the ancestral property
Proof of identification
ID Proof of two witness parties
Lease deed for any term exceeding one year.
Form 60
PAN Card
Chain document
Photograph of the applicant
Verification of GPA from where the property has been registered, in case the property has been registered out of state
Map, Plan and description of immovable property
NOC – if needed
Flat Purchase Checklist
Title documents of the property encompassing government orders for grants, sale deeds, gift deeds, succession certificates, wills, partition deeds, etc., prove the transfer of title over the years.
The nature of the title includes freehold, leasehold, or development rights.
In case the seller claims development rights to the property, check the development agreement executed by the owners in favor of the seller.
Khata is registered in the name of the seller.
All title documents are duly stamped and registered at the office of the jurisdictional sub-registrar of assurances.
Information on pending litigation.
Availability of original title documents
Checklist to identify the seller
Residence status and nationality of the seller
Identification of all joint holders of property
Constitution documents of the entity if the seller is a company, trust, partnership firm, society, etc.
If the property is held by a minor or a person of unsound mind, check the court orders permitting the sale of the property and appointing a guardian
Check the Master Plan and ensure that the property is developed in line with the zoning plan.
Check the construction approvals by the local municipal authorities.
Check for a completion certificate certifying that a building’s construction was completed in line with the approved building plans and local regulations.
Check the possession certificate declaring the physical handover of the property to the buyer and certifying that the buyer has received legal ownership and possession of the property
Check the occupancy certificate from the competent authority prior to conveying the property.
Check the status of tax payments to confirm that the seller has not defaulted on payment of property taxes.
Check the encumbrance certificate (EC) to see if the property is free from any legal or financial charges.
Check the compliance under the Real Estate (Regulation and Development) Act, 2016 (RERA) of Rajasthan state.
Check the documents to see if there is any outstanding loan
Check the terms and conditions before finalizing a property deal
Check the tax benefits. Homebuyers in Rajasthan can avail of tax benefits under Section 80C and Section 24 of the Income Tax Act, which provides deductions on home loan principal and interest payments.
Check the stamp duty and other costs. In Jaipur, the stamp duty for property transactions varies based on gender, age, and property value. Check the financial capability to cover this cost, along with registration fees and other incidental expenses. Check the Details of the Stamp Duty and Registration Fee in Jaipur here.
After registering the property at a related Sub-Registrar office in Jaipur and making all the agreed payments, the next step is taking possession.
Buying a home in Jaipur, the capital city of Rajasthan, is a significant achievement. The entire journey from finding a budget-friendly home at a preferred location to taking possession involves several complexities. Here, you need a professional support service from a reputable real estate broker. One of the top real estate brokers in Jaipur is Nestway Real Estate. The leading real estate broker agency has multiple stories of successful transactions. The ever-expanding list of lucrative properties offers a range of choices, enabling you to own your dream house without agency compromise. To book your appointment with proficient real estate professionals, call 8209377473, Chat on WhatsApp +91 82093 77473, or email at info@thenestway.in.
Happy home buying!