Property registration in India is governed by the Registration Act, of 1908. Property registration ensures the legal validity and authenticity of property transactions. Below are the general rules and steps involved in property registration in India:
Verification of Documents: Both the buyer and seller must verify the title documents, ownership records, encumbrance certificate, and other related documents to ensure that the property is free from any legal disputes or liabilities.
Document Submission: The parties must submit the sale deed, identity proofs, passport-sized photographs, and any other required documents to the Sub-Registrar.
Selection of Property: First, the parties involved need to select the property for sale/purchase. Also, all relevant details about the property, including its location, size, boundaries, and ownership status, should be verified.
Document Collection: The registered sale deed can be collected after the registration process is completed.
Document Registration: The Sub-Registrar will then register the sale deed, and an official seal and unique registration number will be affixed to it.
Other Registration Process:
Stamp Duty Payment: Before registering the property, the buyer needs to pay stamp duty as per the state government rates. Also, the taxes are based on property value and differ from state to state in Property registration in India.
Registration Process: The property registration process involves the following steps:
Prepare the Sale Deed: The sale deed is the key document that outlines the property transfer terms and conditions. Also, It should be drafted on non-judicial stamp paper of the requisite value.
Visit the Sub-Registrar’s Office: Both the buyer and seller, along with two witnesses, need to visit the Sub-Registrar’s Office.
Biometric Verification: In some states, biometric verification of all parties involved might be required.
Witness Statements: The witnesses present must verify the sale deed execution.
Registration Fees: Pay the registration fees as per the state’s prescribed rates.
Timeline: Property registration should ideally be completed within four months from the date of the sale agreement execution. Some states might allow this period extension with additional fees.
Post-registration: After registration, the buyer becomes the lawful owner of the property. Also, the buyer should update property records with the relevant authorities and pay property taxes regularly.
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