1

S.SOUNDAPPAN.B.A, B.L., C.D.T.,

B.BHUVANESWARI.B.Sc.,B.L.,
R.THIAGARAJAN.B.com.,L.L.B.,
BANK / CORPORATE - PANEL ADVOCATES
Tiruppur-Branch Office –D.No-1, 3rd Floor, Alagendra Tower, Avinashi Road, Nearby RK
Residency, Ramaiya Colony, Tiruppur-641603 Cell # 8072781788. Email #
[email protected]

Ref.No:- TRP-101618

TITLE VERIFICATION AND OPINION REPORT

1. Name of the Bank IKF Finance Ltd
SMT.THILAKAMANI
2. Name of the loan applicant
THANGAVEL
3. Name of the Property owner/ Purchaser/ Seller Mr.Prabakaran
4. Date of Legal opinion report 15.11.2024
5. Deal / File / Application No. S25530

I) PARTICULARS OF THE DOCUMENTS SCRUTINISED

Date Particulars of deeds S.No / Extent Nature of
Sl.No
Doc
S.No-617, 618
Regd.Sale Deed in favour of
8.38 Acres in
Mr.Shanmugam executed by Xerox
1 27.08.1981 this Common
Mr.Annamalai Nadar, Mr.Kuppusamy
Share of 5.38
Nadar, Mr.Arumuga Mudaliar
Acres
S.No-617, 618
Regd.Sale Deed in favour of
12.38 in this
Mr.Palaniyappan executed by Xerox
2 27.08.1981 Common
Mr.Annamalai Nadar, Mr.Kuppusamy
Share of 3.00
Nadar, Mr.Arumuga Mudaliar
Acres
Regd.General Power of Attorney Deed S.No-617/3C
Xerox
3 10.01.2006 in favour of Mr.Arunachalam, & Some Other
Mr.Palanisamy Executed by Properties
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Mr.Palaniyappan, Mr.Shanmugam 2.54 Acres

S.No-617/3C
and Some
Regd.Sale Deed in favour of
other S.Nos & Xerox
4 01.03.2016 Mr.Arunachalam Executed by
Plots
Mr.Arunachalam, Mr.Palanisamy
[Site No-105]
2400 Sq.Ft
S.No-617/3C
Regd.Sale Deed in favour of
& Some Other Xerox
5 21.03.2018 Mr.Prabakaran Executed by
S.Nos Title Deed
Mr.Arunachalam
1200 Sq.Ft
Regd.Mortgage Deed in favour of S.No-617/3C Original
Housing Development Finance & Some Other
6 10.08.2018
Corporation Executed by S.Nos
Mr.M.Prabhakaran Doc.No-3129/2018 1200 Sq.Ft
Regd.Mortgage Deed in favour of S.No-617/3C Original
Mr.M.Prabhakaran Executed by & Some Other
7 05.11.2024
Housing Development Finance S.Nos
Corporation Doc.No- 5593/2024 1200 Sq.Ft
UnRegd.Sale Agreement Deed
S.No-617/3C Xerox
8 25.09.2024 between Mr.Prabakaran and
1200 Sq.Ft
Smt.Thilagamani
Patta Extract No-1854 issued by E-
S.No-617/3C1
Services of Tamil Nadu Government E-Copy
9 15.11.2024 1.74.37
in the name of Mr.Prabakaran &
Hectares
Others
Property Tax Receipt issued by
Executive Officer/President of
E-Copy
10 09.02.2024 Thonguttipalayam Panchayat in the
name of Mr.Prabakaran for Door.No-
1/64/I
05.06.2018 EC.No-16168 [01.01.1987 TO
11 Nil Entries Xerox
31.10.1996]
02.04.2018 EC.No-2911 [01.11.1996 TO
12 4 Entries Xerox
12.02.2018]
13 15.11.2024 EC [01.01.2018 TO 01.01.2019] 44 Entries E-Copy
14 15.11.2024 EC [01.11.1996 TO 14.11.2024] 12 Entries E-Copy

II) DESCRIPTION AND LOCATION OF THE PROPERTY

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As per Sale Agreement

i Survey No S.No-617/3C
ii As per Revenue Record S.No-617/3C1
iii Total Extent 111.48 Sq.Meter (or) 1200 Sq.Ft
iv Door No (As per property tax) 1/64/I
v Plot No Plot No-105 Northern Part
Location like name of the place, Thonguttipalayam Village, Tiruppur Taluk,
vi village, city, registration, sub- district Tiruppur Regd.District, Thottipalayam
etc. SRO, "Sri Palani Andavar Nagar".
vii i) Boundaries for 111.48 Sq.Meter (or) 1200 Sq.Ft of land with building in
S.No-S.No-617/3C [Plot No-105 Northern Part]
North Of - Site No-105 Southern Part
South Of - Site No-104
East Of - Site No-94
West Of - 40 ft Wide South North Layout Road

Measurement Details [Plot No-105 Northern Part]

North - East West 60 ft
South - East West 60 ft
East - South North 20 ft
West - South North 20 ft
Total 111.48 Sq.Meter (or) 1200 Sq.Ft

With all easements Rights and Pathway

III) TRACING OF TITLE
From the perusal of the documents listed above, the property cited originally
belongs to Mr.Annamalai Nadar, Mr.Kuppusamy Nadar, Mr.Arumuga Mudaliar Later
on Mr.Annamalai Nadar, Mr.Kuppusamy Nadar, Mr.Arumuga Mudaliar were jointly
sold their property, measuring to an extent of 8.38 Acres in this Common Share of
5.38 Acres of land in S.No-617, 618 by Regd. Sale Deed dated 27.08.1981 Vide
Doc.No- 2420/1981 in the file of Tiruppur Joint I SRO to and in favour of
Mr.Shanmugam (i.e.) Sl.No-1

From the perusal of the documents listed above, the property cited originally
belongs to Mr.Annamalai Nadar, Mr.Kuppusamy Nadar, Mr.Arumuga Mudaliar Later
on Mr.Annamalai Nadar, Mr.Kuppusamy Nadar, Mr.Arumuga Mudaliar were jointly
sold their property, measuring to an extent of 12.38 in this Common Share of 3.00
Acres of land in S.No-617, 618 by Regd. Sale Deed dated 27.08.1981 Vide Doc.No-
 4

2422/1981 in the file of Tiruppur Joint I SRO to and in favour of Mr.Palaniyappan

(i.e.) Sl.No-2

Thereafter, the above said Mr.Palaniyappan, Mr.Shanmugam [Sl.No-1, 2] were

jointly appointed one power agent to sale his / her / their self acquired property,
measuring to an extent of 2.54 Acres of land in S.No-617/3C & Some Other Properties
[After Sub Division S.No-617, 618] by Regd. General Power of Attorney Deed dated
10.01.2006 Vide Doc.No- 32/2006 in the file of Thottipalayam SRO to and in favour of
Mr.Arunachalam, Mr.Palanisamy (i.e.) Sl.No-3

Thereafter, the above said Mr.Arunachalam, Mr.Palanisamy were jointly sold his /
her / their power possessed property, measuring to an extent of [Site No-105] 2400
Sq.Ft of land in S.No-617/3C and Some other S.Nos & Plots , by Regd. Sale Deed
dated 01.03.2016 Vide Doc.No- 964/2016 in the file of Thottipalayam SRO to and in
favour of Mr.Arunachalam (i.e.) Sl.No-4

Thereafter, the above said Mr.Arunachalam sold his / her / their self acquired
Property, measuring to an extent of 1200 Sq.Ft of land in S.No-617/3C & Some Other
S.Nos by Regd. Sale Deed dated 21.03.2018 Vide Doc.No- 944/2018 in the file of
Thottipalayam SRO to and in favour of Mr.Prabakaran (i.e.) Sl.No-5. [Title Deed].

There such Mr.Prabakaran had derived perfect, Valid, Sound and absolute title over
the said property measuring to total extent of 1200 Sq.Ft of land cited above & the flow
of title is in legitimate order.
III.A) TRACING OF SALE AGREEMENT: -
The Sl.No-6 dated 25.09.2024 is an UnRegd. Sale Agreement Deed between
Mr.Prabakaran of one part – (Vendor/Power holder), Smt.Thilagamani of another part-
(Purchaser / Mortgagor / Borrower / Agreement-holder) reveal that the purchaser had
agreed to purchase property measuring to an extent of 1200 Sq.Ft of land in S.No-
617/3C for a total sum of Rs. 22,85,000 out of Rs. 11,50,000 had been paid as advance
and balance of Rs. 11,35,000 [Rupees only] shall be paid on or before 24.12.2024 The
said Sale–Agreement is in hold. If in compliance of the said Sale-Agreement
Mr.Prabakaran execute the Sale-Deed in favour of Smt.Thilagamani there upon
Smt.Thilagamani shall derive a Perfect, valid, Sound, and absolute title to the above
said property.

III.B) TRACING OF POSSESSION

The Sl.No-7 dated 15.11.2024 is the Patta Extract No- 1854 issued by E-Services
of Tamil Nadu Government. Stated that, the land in the name of Mr.Prabakaran &
Others as Jt.Pattadharar for the above said property for an extent of 1.74.37 Hectares
of land in S.No-617/3C1 [After Sub Division S.No-617/3C]
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The Sl.No-8 dated 09.02.2024 is the Property Tax Receipt issued by Executive
Officer/President of Thonguttipalayam Panchayat, issued for sum of Rs.1650 in the
name of Mr.Prabakaran for Door No- 1/64/I.

III.C) TRACING OF ENCUMBRANCE

The Sl.No-9, 10, 11, 12 dated 05.06.2018, 02.04.2018, 15.11.2024, 15.11.2024 are
the encumbrance 4 certificates issued by Tiruppur, Thottipalayam SRO for the said
property cited above pertaining to a total period of 38 years.
The Sl.No-9 EC is with Nil Entries
The Sl.No-10 EC is with 4 Entries

1 - 3 Entries are Not Related

4 Entry dated 01.03.2016 as Sale Deed (i.e.) 964/2016

The Sl.No-11 EC is with 44 Entries

1 - 7 Entries are Not Related

8 Entry dated 21.03.2018 as Sale Deed (i.e.) 944/2018 [Title Deed]
9 - 22 Entries are Not Related
23 Entry dated 10.08.2018 as Mortgage Deed (i.e.) 3129/2018 Discharged in Sl.No-12,
12th Entry

24 - 44 Entries are Not Related

The Sl.No-12 EC is with 12 Entries
1 - 7 Entries are Not Related
8 Entry dated 01.03.2016 as Sale Deed (i.e.) 964/2016
9 - 10 Entries are Not Related
11 Entry dated 10.08.2018 as Mortgage Deed (i.e.) 3129/2018 Discharged in 12th Entry
12 Entry dated 05.11.2024 as Mortgage Discharge Receipt Deed (i.e.) 5593/2024 Related
to 11th Entry, Sl.No-11, 23th Entry

In finally, it is seen that Mr.Prabakaran is / are the recipient of the said property cited
above and that there are no other subsisting encumbrances, which paves way for an
encumbrance free, absolute and marketable title to Mr.Prabakaran over the same.

iv Nature of Rights in the said Property: Full Ownership

v Whether possession of the property is un hindered: Yes
vi Whether any Minor’s interest is involved: No
vii Municipal Permissions: Referred to at Part-II
viii Property Tax: Yes
ix Urban Land Ceiling: Not Applicable
x No Objection Certificate under the Income Tax Act: Not Aplicable
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EC.No-16168, 2911
xi Encumbrance [01.01.1987 to
14.11.2024]
Whether Equitable Mortgage / Simple Mortgage
xii can be created on the strength of the documents Equitable Mortgage
scrutinized:

xiii) Documents to be deposited for the purpose of the mortgage:

Sl.No Date Particulars of deeds S.No / Extent Nature of Doc

S.No-617, Xerox
Regd.Sale Deed in favour of
618
Mr.Shanmugam executed by
8.38 Acres in
1 27.08.1981 Mr.Annamalai Nadar,
this Common
Mr.Kuppusamy Nadar, Mr.Arumuga
Share of 5.38
Mudaliar Doc.No-2420/1981
Acres
S.No-617, Xerox
Regd.Sale Deed in favour of
618
Mr.Palaniyappan executed by
12.38 in this
2 27.08.1981 Mr.Annamalai Nadar,
Common
Mr.Kuppusamy Nadar, Mr.Arumuga
Share of 3.00
Mudaliar Doc.No-2422/1981
Acres
Regd.General Power of Attorney Xerox
S.No-617/3C
Deed in favour of Mr.Arunachalam,
& Some Other
3 10.01.2006 Mr.Palanisamy Executed by
Properties
Mr.Palaniyappan, Mr.Shanmugam
2.54 Acres
Doc.No-32/2006
S.No-617/3C Xerox
Regd.Sale Deed in favour of and Some
Mr.Arunachalam Executed by other S.Nos &
4 01.03.2016
Mr.Arunachalam, Mr.Palanisamy Plots
Doc.No-964/2016 [Site No-105]
2400 Sq.Ft
S.No-617/3C Original
Regd.Sale Deed in favour of
& Some Other Title Deed
5 21.03.2018 Mr.Prabakaran Executed by
S.Nos
Mr.Arunachalam Doc.No-944/2018
1200 Sq.Ft
Regd.Mortgage Deed in favour of S.No-617/3C Original
6 10.08.2018 Housing Development Finance & Some Other
Corporation Executed by S.Nos
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Mr.M.Prabhakaran Doc.No- 1200 Sq.Ft

3129/2018
Regd.Mortgage Deed in favour of S.No-617/3C Original
Mr.M.Prabhakaran Executed by & Some Other
7 05.11.2024
Housing Development Finance S.Nos
Corporation Doc.No- 5593/2024 1200 Sq.Ft
UnRegd.Sale Agreement Deed Original
S.No-617/3C
8 25.09.2024 between Mr.Prabakaran and
1200 Sq.Ft
Smt.Thilagamani
Patta Extract No-1854 issued by E- S.No- E-Copy
Services of Tamil Nadu Government 617/3C1
9 15.11.2024
in the name of Mr.Prabakaran & 1.74.37
Others Doc.No-1854 Hectares
Property Tax Receipt issued by E-Copy
Executive Officer/President of
10 09.02.2024 Thonguttipalayam Panchayat in the
name of Mr.Prabakaran for Door.No-
1/64/I
05.06.2018 EC.No-16168 [01.01.1987 TO
11 Nil Entries Original
31.10.1996]
02.04.2018 EC.No-2911 [01.11.1996 TO
12 4 Entries Original
12.02.2018]
13 15.11.2024 EC [01.01.2018 TO 01.01.2019] 44 Entries E-Copy
14 15.11.2024 EC [01.11.1996 TO 14.11.2024] 12 Entries E-Copy

Note: Take Over/Balance Transfer from any other Banks/Financial Institutions the List
of Documents (LOD) is provided for the above documents– No

xiv) Person to deposit the title deeds for Creation of Mortgage:

The loan applicant is required to Registered Deposit The Title Deeds / Simple
Mortgage with the Bank. He is also required to confirm the same through a separate
letter of confirmation evidencing the deposit of title deed towards the security for the
repayment of the loan.

xv) Additional documents and pre cautions to be taken:

1. This opinion is purely based on the Photostat copies of documents furnished to this
office, with a bonafied belief that the same are genuine. In the event any of such
document/s found to be false/fabricated/forged, we do not hold any obligation or
responsibility whatsoever in future. Since, we have not conducted any independent
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verification on the documents, the bank is strictly advised to ensure the

authenticity/genuinely of the documents through its own source.
2. We have only examined title to the property and not the value or physical possession
of the loan applicant/his/her vendor. Therefore, it is strictly advised that an officer of
the bank and approved valuer should make personal inspection of the schedule property
to identify, ascertain its existence and to confirm the actual physical possession of the
borrower/his vendors and to evaluate the value of the property before disbursement of
loan.
3. This opinion is subject to the above terms and strict compliance of the observations
only.
ADVOCATES REPORT
In the light of the documents made available for verification, prima facie I am of the
opinion that Mr.Prabakaran after compliance of Sale Agreement without any legal
impediments. On execution of regular registered sale deed, they will derive a valid title in
respect of schedule property referred to Part-II.
I further certify that, if the applicant defaults the loan, then the property can be taken
under SARFAESI Act and Proceedings.

The Bank is advised to obtain/comply the additional and pre cautions to be taken
following documents before/after disbursement of the loan
POST DISBURSEMENT DOCUMENT

Regd.Sale Deed in Favour of Smt.Thilagamani

15 Original
Executed by Mr.Prabakaran

If anything find out Observations you can mentioned –

Sale Agreement Deed That Plot No-105 Northern Part in S.No-617/3C and After Sub
Division 617/3C1

Date: 15.11.2024 For Law Hands Consultancy

Place: Tiruppur SOUNDAPPA Digitally signed
N SOUNDAPPAN
SOUNDARAR SOUNDARARAJA
Date: 2024.11.18
AJAN 17:56:09 +05'30'