What Are The Steps In Registering A Deed For Your Land

Guide To Belongings Registration Procedure

Property registration is a complicated process which involves lot of documentation. A belongings registration guide makes it easy for home buyers while registering their home.

xx February, 2018, 07:15 IST 6276 views 807 Likes

Guide To Property Registration Process

Transfer of buying is a complicated process. Information technology is important for property buyers to know that for ownership transfer, a buyer needs to pay some charges in the class of stamp duty and likewise for registration.

Y'all volition take to pay stamp duty earlier registration or at the time of executing the deed for which the stamp duty has to be paid. So, typically you either pay the stamp duty before the day on which it is executed or on the twenty-four hours when you execute the human activity.

An immovable property in Republic of india tin be acquired by Indian citizen, NRI or by a person of Indian origin (not being a citizen of Pakistan, Bangladesh, Sri Lanka, China, Nepal Bhutan and Iran). Property or country registration in Republic of india is governed as per department 17 of the Registration Human activity, 1908. The act applies to the entire country except for the land of Jammu & Kashmir. The chief objective of the act is to ensure that the information on all the deals is correct and legitimate belongings/land records are maintained. The registration process involves making a postage duty and paying the requisite registration fee for sale deed and has the documents legally recorded with the sub-registrar of your area. The procedure varies based on whether the property is directly purchased from a programmer or whether it is the secondary sale of the property. In the latter instance, the process may involve stamp duty and registration of transfer deed.

Property registration in Republic of india involves the following steps:

Verification of the title of the property
Estimation of the holding value
Grooming of the stamp papers
Getting the auction deed ready
Payment of the stamp duty & registration charges
Arroyo the Sub-Registrar for registration
Documents submission

The bones purpose of registration is to record the execution of the document. Only when you annals the document, it becomes legal and the ownership, if whatsoever, is transferred to the right owner. In simple words, the discover of intimation will be filed only when an agreement between the lender and the loan applicant has not been registered. This intimation detect has to be sent inside 30 days of purchasing the belongings.

Written past:-

Swati Updhayay