What Should First-Time Buyers Know Before Buying Land in Sri Lanka? 🧭
Buying land in Sri Lanka is an exciting milestone, but it requires careful due diligence to avoid legal or financial headaches. Here's a quick guide for first-time buyers:
Essential Legal Checks
Title Clearance: Ensure the seller has a clear and marketable title. Get a title report from a lawyer covering at least the last 30 years.
Bim Saviya (Title Registration): Check if the land is registered under the Bim Saviya Act for state-guaranteed title, much more secure!
Street Line Certificates: Verify with the local authority (UDA or Pradeshiya Sabha) that the land isn't reserved for future road expansions.
Practical Considerations
Zoning & Approvals: Confirm it's zoned for residential use and approved for subdivision.
Access & Utilities: Make sure there's clear, legal road access and easy connections to electricity and water.
Survey Plan: Always get a fresh survey by a licensed surveyor to match physical boundaries with the deed.
Pro Tip: Factor in Stamp Duty (usually 3-4%) and legal fees, paid by the buyer.
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