{"id":6164,"date":"2022-05-17T11:58:11","date_gmt":"2022-05-17T11:58:11","guid":{"rendered":"https:\/\/www.tvh.in\/blog\/?p=6164"},"modified":"2022-05-23T13:05:54","modified_gmt":"2022-05-23T13:05:54","slug":"an-ultimate-guide-to-the-property-registration-process","status":"publish","type":"post","link":"https:\/\/www.tvh.in\/blog\/2022\/05\/17\/an-ultimate-guide-to-the-property-registration-process\/","title":{"rendered":"An Ultimate Guide To The Property Registration Process"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Registering property is an integral part of the home buying process. It is easier to buy a property, but the complex process is to become the lawful owner of your home. Section 17 of the Indian registration Act 1908 states that it is compulsory to register documents about the transfer, lease of property or sale. So, if you are looking for <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/tvh.in\/plots-ongoing-project\/titaniumcity\/\">plots in Mannivakkam<\/a>, <\/span><span style=\"font-weight: 400;\">then the paperwork and legal issues could confuse various home buyers. It is always feasible to get assistance from a real estate agent or a good broker.\u00a0<\/span><\/p>\n<h3><b>Process of Registering Property\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Property registration is mandatory for every Indian citizen. However, particularly for Maharashtra, the registration of an agreement to buy or sell an apartment is compulsory under section 4 of the Maharashtra Ownership Flats Act 1963. The person in whose favour a property is registered becomes the owner. If the documents are not duly registered, the law does not recognize the registered owners nor provide them with any rights over the property. Thus, if you are thinking of buying the <\/span><span style=\"font-weight: 400;\">land for sale in Mannivakkam,<\/span> <span style=\"font-weight: 400;\">then check out the below steps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Verifying the property\u2019s title deed that gives you an idea of the ownership of the property. For instance, if you are looking forward to buying<\/span><span style=\"font-weight: 400;\"> plots in Mannivakkam,<\/span> <span style=\"font-weight: 400;\">then you have to verify the property\u2019s deeds. Also, know about any dues pending, such as water bills, the electric bill, property tax etc.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The next step is to prepare the sale deed. You can ask your lawyer to draft a sales deed for the registration.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay the stamp duty. Generally, the registration fee for the property document is the 1 per cent fee of the property value, which is a maximum of 30,000 INR. However, the stamp duty for each and every case varies, which goes about 3-10 per cent of the property value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approach the sub-registrar for the registration. The buyer and seller, or the people who have their power of attorney and two witnesses, approach the office of the sub-registrar of assurance within the jurisdiction where the property falls.<\/span><\/li>\n<\/ul>\n<h3><b>Documents Needed for Property Registration<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">So if you want to buy the <\/span><span style=\"font-weight: 400;\">plots in Mannivakkam,<\/span> <span style=\"font-weight: 400;\">then you should have the following documents for the property registration:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Two passport size photographs of each of the buyer, seller and the two witnesses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identity proofs like Aadhar card, passport, Voter ID card, driving licence or PAN card of the buyer, seller and the two witnesses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A photocopy of the latest property register card.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Photocopy of the municipal tax bill.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proof of payment of the stamp duty, payment to the seller and registration tax.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A photocopy of the non-objection certificate, if required.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The duly registered document could be collected from the sub-registrar of the Assurance office after 2-7 days. The certificate with all the registered information would be provided, and the original copy of the deed would be provided at a time when registration is returned. For instance, after knowing the <\/span><span style=\"font-weight: 400;\">Mannivakkam land price,<\/span> <span style=\"font-weight: 400;\">you could apply for property registration. Once the registration is complete, then you should apply for mutation. A mutation changes the ownership title.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Along with an affidavit, indemnity bond, and a notarized copy of the registered sale deed, the mutation application is filed. You should register your property within four months from the date of execution of the transaction. Thus, if you fail to register within the four months, apply for a sub-registrar for condonation of the delay. The registrar can agree to register the property, although you have to pay the fine of up to ten times the original registration fee.<\/span><\/p>\n<h3><b>Online Land Registration<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Everything is available online, and land and property registration have become easier. You could e-register your property, and some states have an official portal for online land registration. The stamp duty could be calculated easily from this online portal. With net banking, debit\/credit card, and other UPI payment methods, online registration of property has become easier. With online registration being permitted in many states, you should keep the following in mind to make your property registered:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check if there is a portal for the e-registration of property or land in your state.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Only a few parts of the property can be registered online like:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Finding out the stamp duty rates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Paying the stamp duty and registration fee online<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Receive a payment receipt online.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once you receive the receipt, you have to visit the sub-registrar office to complete the property registration process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the property value is more than INR 50 Lakhs, you have to pay 1 per cent of the TDS on the property value. The TDS could be paid online.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">While registering your property online, you have to provide certain online property registration like the type of property, description of the property, ownership status, proof of property and personal details.<\/span><\/li>\n<\/ul>\n<h3><b>Documents Needed for Registration<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When you visit the sub-registrar\u2019s office, then you have to submit the following documents:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sale deed on non-judicial stamp worth the deal value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proof of Identities such as Passport, Aadhar Card, Voter ID Card, PAN Card, or Driving Licence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">E-stamp paper, E-Registration fee receipt, and proof of payment to the seller.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Copy of the latest property register card.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Copy of the municipal tax bill.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Copy of No Objection Certificate (NOC), if required.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You have to go for biometric registration at the sub-registrar\u2019s office. With you, take two witnesses to the sub-registrar\u2019s office. The witnesses also need to carry the photocopies and original copies of the identity proof. Remember that property registration is a must, and you should register the property after four months of completing the sale.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Registering property is an integral part of the home buying process. It is easier to buy a property, but the complex process is to become&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[62,49,22],"class_list":{"0":"post-6164","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-plots-in-mannivakkam","8":"tag-land-for-sale-in-mannivakkam","9":"tag-mannivakkam-land-price","10":"tag-plots-in-mannivakkam"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An Ultimate Guide To The Property Registration Process - TVH Blog<\/title>\n<meta name=\"description\" content=\"Do you have several queries related to property registration? 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