Register Your Property To Get Legally Recognised

Overview Of Property Registration

What Is Property Registration?

Property registration is an important process that includes official documentation of the ownership and transfer of real estate under the government's supervision. This process enables its owners to enjoy property rights and privileges since the registered documents serve as ultimate evidence for their ownership. All relevant information, including the property's description, location, boundaries, and transaction value will be included in government records after the registration process.

Advantages Of Property Registration

• Recognition by the law: The legal acknowledgement of the property and its rightful owner is provided by the property registration. This process provides all the legal privileges that are available to the property owner.
• Prevention from fraud: Property registration protects the owner from property theft, encroachment, and unauthorised ownership transfers. It makes sure that all legal needs are met while purchasing a property.
• Better access to loans: Banks and other financial institutions prefer registered property as collateral over unregistered ones. So it is easier to use registered property as collateral.
• Easy transfer of property: The process and documentation standards of property registration support the creation of a transparent record of ownership history, which makes it easier for subsequent transactions or legal actions.
• Ensure tax compliance: Property registration ensures that the property owner abides by all the rules of the Income Tax Department. It prevents the new owner from paying the outstanding taxes of the previous owner.

Process Of Property Registration

• Step

  01

  

  Document Preparation

  The buyer and the seller are responsible for gathering the necessary documents. Sale deeds, property records, identity cards, etc., are the essentials.

• Step

  02

  

  Stamp Duty Payment

  A tax known as stamp duty is levied on the price of property transactions. The amount of stamp duty is determined by the value and location of the property. It varies from state to state.

• Step

  03

  

  Drafting And Executing A Sale Deed

  A sale deed is a legal document that transfers ownership of a property which must be drafted before registration. It will be executed by signing in with a witness in the sub-registrar office

• Step

  04

  

  Registration Fee Payment

  A portion of the property's worth and the transaction value are usually paid as registration fees. The cost of registering the property with the government is covered by this fee.

• Step

  05

  

  Submission And Verification

  The sale deed and other additional documents should be submitted to the sub-registrar. After the submission, the documents will be examined by the officials for accuracy and authenticity.

• Step

  06

  

  Registration And Receipt Collection

  Once the documents are verified, the buyer will be recognised as the owner. The registered documents can be claimed from the registrar after a few days, which will act as a proof of ownership

• Step

  07

  Updating Records

  To reflect the ownership change, the government’s official records must be updated as part of the registration process. This will be crucial for current and upcoming business and legal matters.

Documents Required

• Identity cards like Aadhaar & PAN (of both parties)
• 2 passport-size photos (of both parties)
• Sale deed
• Power of authority (if the party is representing someone else/ a company)
• Certificate of incorporation (if the party is a company)
• Copy of the resolution of the company's board (if the party is a company)
• Property card
• Proof of payment of stamp duty and registration fee

* Government Fee