Purchasing a piece of land or apartment or flat requires a huge investment. This investment constitutes of hard-earned money. A mistake can push an innocent into the trap of land-mafia or fraudulent. here you can know about Property Registration in India
Process of Property Registration in India
The registration process is executed as per the Registration Act 1908 in India. It was expressed to:
- Record authentic facts of any immovable property in which the purchaser is interested.
- Maintain proper records of the property & related transactions.
The government has delegated registering rights district-wise. It provides more convenience & legitimacy to the governance.
The process of property registration in India has three main levels. Each buyer should walk through these levels to orient land/property registration in India.
Levels of Property Registration in India
Mandatory-level: The Registration Act mandates:
- Registering records of the immovable property.
- Registering the WILL (It’s not mandatory but doing so credits extra-ordinary comfort and convenience in its maintenance.)
Where should NRIs or locals go for submitting the documents? Where and in whose presence property’s documents must be registered.
- At the office of sub-registrar located nearby the property’s location.
- Both, buyer and seller, and their representatives or Power of Attorney holders must be present there. Both individuals must sign the papers in the very presence of the registrar.
- Moreover, immovable property is transferred in the real presence of the registrar. For transferring, seller & buyer should sign, put thumb impressions on the documents and attest passport size photographs in his presence.
Final Registry: When all formalities are conducted, the registrar verifies and cross-checks all the papers. Once finding all documents & detail authentic and registration fee paid:
- The registrar will enter the records in the government’s book under the banner “Registered”. Then, he attests them, and the Pan Endorsement procedure gets finished.
- The reports get effective from the date of approval or any specified date though not from the date of property registration in India.
Main Checklist of property documents needed:
- Title deed attested by the Sub-Registrar (It distinguishes the real owner of the property.)
- Sale Deed
- Completion Certificate
- Agreement of sale (registered)
- Approved copy of plan from the local authority (if purchasing vacant land)
- Cross-check the documents of the property if it belongs to the second owner.
- Khata/ Patta
- Utility bills (cleared or paid)
- NOC if the property is resold.
- Encumbrance certificate