Property Registration Process in India
The property Registration process is easy as long as you do your research and have all the required documents. here I will suggest the following process involved in property registration. for Property Registration Services
Stamp Duty: It is a form of tax levied by the state government. for property registration, it is one of the important factors in the process. the rate for stamp duty is generally decided by a state government. it can vary for different states. stamp duty in urban areas will be higher compared to rural areas. Additionally stamp duty for women is lower than men. in order to encourage more women to become property owners. for property documentation services
Sales Deed: It is one of the most important documents needed for the registration process. sales deed should be legally valid and needs to be typed on stamp paper. which can be purchased through vendors or e-stamp paper which can be downloaded online. as it is a legal document you need to consult a lawyer and draft it on behalf of you. once the deed has been drafted and signed. then the submission of documents to sub-registrar should not exceed four months. from the date where the deed has done execution.
Collect the Required Documents: You need to have certain documents ready in your hand when you visit a sub-registrar to register your property. they will check these documents. it reduces time and the process will go quickly and smoothly. Following documents are required for the registration process
Registration Fee Payment: Once sub-registrar checks all the documents and stamp duty paid for the validity then you will be asked to pay a registration fee. if you have booked an appointment within four months of sales deed. then the registration fee would be 1% of the total value of the property. and it cannot be exceeded more than 30,000. if you have exceeded four months also your petition will be considered by sub-registrar. however, you will be asked to pay fine. some cases fine maybe 10 times more than the original registration fee.
Collecting Registered Documents: Once the sub-registrar approves the document they will give back the registered original documents and they also keep the copy of the originals to maintain property ownership records. the registered documents will have the book and the page number where the registration of property details are recorded.
Stamp Duty: It is a form of tax levied by the state government. for property registration, it is one of the important factors in the process. the rate for stamp duty is generally decided by a state government. it can vary for different states. stamp duty in urban areas will be higher compared to rural areas. Additionally stamp duty for women is lower than men. in order to encourage more women to become property owners. for property documentation services
Sales Deed: It is one of the most important documents needed for the registration process. sales deed should be legally valid and needs to be typed on stamp paper. which can be purchased through vendors or e-stamp paper which can be downloaded online. as it is a legal document you need to consult a lawyer and draft it on behalf of you. once the deed has been drafted and signed. then the submission of documents to sub-registrar should not exceed four months. from the date where the deed has done execution.
Collect the Required Documents: You need to have certain documents ready in your hand when you visit a sub-registrar to register your property. they will check these documents. it reduces time and the process will go quickly and smoothly. Following documents are required for the registration process
- Address proof and Government approved ID
- NOC - No Objection Certificate for the property
- Passport Size Photographs of the property owner and two witnesses
- Latest tax payment receipts
- You need to produce the latest account statement from the bank. if still paying the home loan for the property
- Building Plan that has been sanctioned by the concerned authorities
- Title deeds of the landowner
- Cash or demand draft to pay stamp duty
Registration Fee Payment: Once sub-registrar checks all the documents and stamp duty paid for the validity then you will be asked to pay a registration fee. if you have booked an appointment within four months of sales deed. then the registration fee would be 1% of the total value of the property. and it cannot be exceeded more than 30,000. if you have exceeded four months also your petition will be considered by sub-registrar. however, you will be asked to pay fine. some cases fine maybe 10 times more than the original registration fee.
Collecting Registered Documents: Once the sub-registrar approves the document they will give back the registered original documents and they also keep the copy of the originals to maintain property ownership records. the registered documents will have the book and the page number where the registration of property details are recorded.
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