Legal Search Report

1. Description of the property

All that piece and parcel of the residential site bearing Site No. 7, formed in converted land in Survey No. 45/2 of Hosahalli Village, Nittur Hobli, Gubbi Taluk, Tumakuru District, within the limits of Hosahalli Gram Panchayat, e-Swathu Property ID 152300101700700007, measuring 30 ft x 40 ft (1200 sq ft), bounded on the East by Site No. 8, West by Private property of Sri Nagaraju, North by Site No. 6 and South by 20 ft road. Sale Deed · 2019e-Swathu Form 9 · 2023

2. Documents examined

Title deeds verified against originals. The current title deed was examined in original, and every earlier link in the chain in original or as a certified copy from the issuing office. Section 2 records the form in which each document was seen. Mutation Register extract · 1994Release Deed · 2003Sale Deed · 2011Sale Deed · 2019

3. Searches made

Search receipts on file. Searches were made in 4 offices, each backed by an official fee receipt. The receipts are listed in section 3 and annexed to this report. Encumbrance Certificate (Form 15, manual) · 2026Encumbrance Certificate (Kaveri online) · 2026RTC (Pahani), Bhoomi · 2026DC Conversion Order · 2009e-Swathu Form 9 · 2023

4. Flow of title

Chain of title is continuous. Title passes without a break from Siddappa (Before 1994) through 4 recorded transfers to Lakshmi Devi (2019). The earliest link rests on revenue records, not a registered deed, which is usual for inherited agricultural land. Mutation Register extract · 1994Release Deed · 2003Sale Deed · 2011Sale Deed · 2019

Borrower holds title. Smt. Lakshmi Devi, the borrower, is the last owner in the chain under the sale deed dated 14-11-2019. Sale Deed · 2019

5. Encumbrances

Encumbrance Certificates produced: 01-04-1998 to 31-03-2004; 01-04-2004 to 09-09-2026. Entries found:

Encumbrance search does not cover the full period. A 30-year search from the report date runs from 28-09-1996. The certificates produced leave 28-09-1996 to 31-03-1998 unsearched, so any transaction registered in that window is unknown. Encumbrance Certificate (Form 15, manual) · 2026Encumbrance Certificate (Kaveri online) · 2026

Encumbrance Certificate to be brought up to date. The latest certificate runs to 09-09-2026, 19 days before this report. That is acceptable for the opinion, but the search should be brought up to the date the title deeds are deposited. Encumbrance Certificate (Kaveri online) · 2026

Earlier mortgage not shown as discharged. The EC shows a mortgage dated 22-04-2014 (GBB-1-00419-2014-15) by Manjunath H in favour of Hosahalli Vyavasaya Seva Sahakara Sangha Niyamita, with no later reconveyance entry. In Karnataka a discharged mortgage is recorded on the EC as a reconveyance. Until one is registered, the mortgagee's charge continues to bind the property, even though Manjunath H has since sold it. Encumbrance Certificate (Kaveri online) · 2026Mortgage Deed · 2014

Vendor's declaration of no encumbrance is contradicted by the EC. The sale deed dated 14-11-2019 records Manjunath H's assurance that the property is free from all encumbrances and mortgages. The EC shows the vendor's own mortgage of 22-04-2014 still open on that date. The purchaser therefore took the property subject to that charge, and the indemnity clause in the deed is the purchaser's only contractual remedy against the vendor. Sale Deed · 2019Encumbrance Certificate (Kaveri online) · 2026

6. Revenue and local body records

The RTC for Sy. No. 45/2 shows the remaining agricultural extent in the name of Ramaiah, with 20 guntas deducted under the conversion order, which is consistent with the site having been carved out of the converted portion. The mutation register records the succession of 1994. The site is entered in e-Swathu Form 9 of Hosahalli Gram Panchayat. RTC (Pahani), Bhoomi · 2026Mutation Register extract · 1994e-Swathu Form 9 · 2023

Title holder's name is spelt differently across records. The owner appears as "Lakshmi Devi" in the Sale Deed and Property Tax Paid Receipt, and "Laxmidevi" in the e-Swathu Form 9. The relationship details match, so these are variant spellings of one person, but the difference must be explained on record. Sale Deed · 2019e-Swathu Form 9 · 2023Property Tax Paid Receipt · 2025

Property tax paid. Tax for the current year is paid with no arrears (receipt HGP/2025-26/0311). Property Tax Paid Receipt · 2025

7. Approvals

Land converted for residential use. Conversion order ALN(G)SR/45/2008-09 dated 10-02-2009 permits residential use of the land in which the site lies. DC Conversion Order · 2009

Approved layout plan not produced. The conversion order requires a layout plan approved by the planning authority before sites are formed. No approved layout is in the file. Issue of e-Swathu Form 9 suggests one exists, since Form 9 is normally issued only for sites in approved layouts, but a copy should be on record. DC Conversion Order · 2009e-Swathu Form 9 · 2023

Building licence not yet issued. The loan is for construction. The borrower applied for a building licence on 29-08-2026; it has not been issued. Building Licence application · 2026

8. Litigation

No litigation found. Searched on 12-09-2026 in Civil Judge (Jr. Dn.) and JMFC, Gubbi, Senior Civil Judge, Tumakuru, High Court of Karnataka against Lakshmi Devi, Suresh K, Manjunath H, Ramaiah, Gowramma. No pending or disposed matters found concerning Site No. 7 or Sy. No. 45/2.

9. Observations

1. Encumbrance search does not cover the full period. A 30-year search from the report date runs from 28-09-1996. The certificates produced leave 28-09-1996 to 31-03-1998 unsearched, so any transaction registered in that window is unknown.
2. Earlier mortgage not shown as discharged. The EC shows a mortgage dated 22-04-2014 (GBB-1-00419-2014-15) by Manjunath H in favour of Hosahalli Vyavasaya Seva Sahakara Sangha Niyamita, with no later reconveyance entry. In Karnataka a discharged mortgage is recorded on the EC as a reconveyance. Until one is registered, the mortgagee's charge continues to bind the property, even though Manjunath H has since sold it.
3. Vendor's declaration of no encumbrance is contradicted by the EC. The sale deed dated 14-11-2019 records Manjunath H's assurance that the property is free from all encumbrances and mortgages. The EC shows the vendor's own mortgage of 22-04-2014 still open on that date. The purchaser therefore took the property subject to that charge, and the indemnity clause in the deed is the purchaser's only contractual remedy against the vendor.
4. Title holder's name is spelt differently across records. The owner appears as "Lakshmi Devi" in the Sale Deed and Property Tax Paid Receipt, and "Laxmidevi" in the e-Swathu Form 9. The relationship details match, so these are variant spellings of one person, but the difference must be explained on record.
5. Approved layout plan not produced. The conversion order requires a layout plan approved by the planning authority before sites are formed. No approved layout is in the file. Issue of e-Swathu Form 9 suggests one exists, since Form 9 is normally issued only for sites in approved layouts, but a copy should be on record.
6. Building licence not yet issued. The loan is for construction. The borrower applied for a building licence on 29-08-2026; it has not been issued.

10. Opinion

On the basis of the documents examined and the searches made, I am of the opinion that Smt. Lakshmi Devi has a title to the Schedule Property that is clear and marketable, subject to compliance with the conditions set out below, and that a valid equitable mortgage can be created in favour of Sample Housing Finance Ltd by deposit of the title deeds listed in section 12.

11. Conditions before disbursement

1. Obtain an Encumbrance Certificate from the Gubbi Sub-Registrar Office for 28-09-1996 to 31-03-1998.
2. Obtain an updated Encumbrance Certificate up to the date of deposit of title deeds.
3. Obtain a registered reconveyance deed from Hosahalli Vyavasaya Seva Sahakara Sangha Niyamita, or its no-dues certificate followed by registration of the reconveyance, and a fresh EC showing the entry.
4. Obtain an affidavit from Smt. Lakshmi Devi declaring that "Lakshmi Devi" and "Laxmidevi" are one and the same person.
5. Obtain a copy of the approved layout plan showing Site No. 7.
6. Building licence and sanctioned plan to be produced before release of the first construction tranche.

12. Documents to be deposited

To be added on receipt: the documents called for in section 11.

13. Certificate

I certify that I have examined the documents listed in section 2 in the form stated against each, caused searches to be made in the offices listed in section 3 and the courts named in section 8, and that the above report is true to the best of my knowledge and belief. The search fee receipts are annexed.

Annexure A: search fee receipts, SRO/GBB/EC/2026/1184, KAV-EC-2026-0915522, BHM/GBB/2026/33871, DC/TMK/CC/2026/4410, HGP/SR/2026-27/0057.