While it's not mandatory to have an advocate, it's advisable to enlist the help of a professional to review your documents and guide you through the registration process.
Property registration usually occurs at the Registrar's or Sub-Registrar's office.
The property can be registered on the same day, but it may take up to a week to ensure that all the necessary documents are in order.
Yes, Seller needs to be there in person for the registration of property. Also, two witnesses are required. In case of Overseas Home-Buyers, one may execute Special Power of Attorney as per the Sub Registrar’s protocol.
Stamp duty is typically calculated as a percentage of the property's transaction value. The specific rate and exemptions can vary by location and circumstances. In Delhi, for example, the stamp duty rate may be 4%-7% for property transactions. It's essential to check the prevailing rates and regulations in your specific area for accurate calculations.
The expenses involved in property registration encompass both stamp duty and registration fees, both of which are determined based on your property's value. These costs can vary significantly from one state to another, and in some states, they may also consider the applicant's gender as a factor in determining the fees.
In India, property and inheritance laws for women are designed to safeguard their rights to own, inherit, and manage property. Women are entitled to equal rights in both ancestral and self-acquired property, and these rights are upheld by various legal frameworks such as the Hindu Succession Act, Muslim personal laws, among others. Additionally, in the event of divorce, women retain the right to claim maintenance and a fair portion of marital assets.
Unregistered wills maintain their validity as legal documents, but they can pose difficulties during the probate process. Unregistered wills are considered secondary evidence, which may necessitate additional verification and corroboration. As a result, this could potentially result in delays and complications when it comes to executing the will following the testator's death.
There is no legal restriction on the number of properties an individual can own in India. According to the law, there is no specified maximum limit on the number of flats or houses a person can have in their name. Nevertheless, it's important to take into account factors such as income tax, stamp duty, and registration fees associated with property ownership.
The buyer is responsible for covering the stamp duty and registration charges, while the seller must settle all property-related expenses, which may include property taxes, water, and electricity charges, before the sale deed is executed.
In India, there is no requirement for notarizing a deed of sale. Nevertheless, it is imperative to register it with the local Sub-Registrar's office for it to hold legal validity.
The expenses for processing a deed of sale fluctuate depending on the state and property's location, typically encompassing elements such as stamp duty, registration fees, and legal charges.
The deed of sale, a legal document, is drafted by our in-house lawyers and coordinates with in-house liasoning officer to execute the Agreement of Sale/ Sale Deed/ Leave & License Agreement between the buyer and the seller Or Lessee or Lessor.
The deed of sale, a legal document, is drafted by our in-house lawyers and coordinates with in-house liasoning officer to execute the Agreement of Sale/ Sale Deed/ Leave & License Agreement between the buyer and the seller Or Lessee or Lessor.
Property registration sounds like a daunting task. From being knee-deep in the paperwork to listening to people give hollow advice, everything gets very confusing. Square Yards brings that solution to you. Property registration is now easy with our property registration solutions.
In India, property registration is mandatory under Section 17 of the Registration Act 1908 for the purchase or sale of any immovable property. If the government records do not have the buyer's name on them, the property is deemed to not be owned by the said buyer and, therefore, cannot be challenged in court.
If you are dealing with any immovable property over ₹ 100, you are required to register the property with the government. The property would then be registered in the name of the new owner after stamp duty and registration fees.
Under the Indian property laws, two main laws are enforced in terms of property ownership or transfer and must be followed diligently by every Indian citizen.
There were some adjustments made by the government under the property laws of India in 2020. The laws have been set in place to ease the process of property transfers between parties. Some of the changes in the laws are mentioned below.
Here is a list of things you need to keep in check if you are going to register your property with the government.
Documents required for property registration are mentioned below.
The property registration process is mentioned below.
The factors affecting property registration charges in India are the non-uniformity of registration fees due to the property type, its age, transfer, location, and owner's gender.
The property registration differs state-wise. Usually, the property registration falls between 1-3% of the property value. The land registration charges for major Indian cities are given below.
City | Land registration charges |
Delhi | 1% of the market value of the property, plus pasting charges of ₹ 100 |
Mumbai | 1% of property value and ₹ 30,000 for property worth more than ₹ 30 lakhs |
Bengaluru | 1% of property value |
Chennai | 1% of market value |
The benefits of property registration are mentioned below.
You might face some issues while online registering your property, like a slow website, problems accessing various pages, and technical issues, to name a few. Irrespective of online registration, you will be required to visit the sub-registrar's office to submit final documents. Property registration is a vital step if you are buying a property, as per the Registration Act of 1908.