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Property Registeration/ Property Registeration ...

Property R
2023-08-05T11:41:27
Saanvika Legal Associates
Property Registeration/ Property Registeration ...

Property Registeration/ Property Registeration in India/ Rules for property registration/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. Property registration in India is governed by the Indian Registration Act, of 1908, and the process varies slightly from state to state. As per the Indian Registration Act, of 1908, all transactions involving the sale, gift, transfer, or lease of immovable property valued at Rs. 100 must be registered. Registration is essential to make the document legally valid and enforceable in a court. Before registering a property document, the buyer must pay the applicable stamp duty. Stamp duty rates vary from state to state and are determined based on the value of the property and the nature of the transaction. Property registration takes place at the sub-registrar's office or at the registrar's office within the jurisdiction where the property is located. The parties involved in the transaction must appear in person or through their authorized representatives before the sub-registrar. Property registration documents typically include the sale deed, proof of identity and address, passport-sized photographs, and payment of stamp duty and registration fees. The sale deed is the most crucial document for property registration. It contains details of the property, the terms of the sale, and the consideration paid for the property. It must be executed on appropriate non-judicial stamp paper and signed by both the buyer and seller in the presence of two witnesses. It is advisable for the buyer to obtain an encumbrance certificate from the registration office. This is to check if there are any existing encumbrances or liabilities on the property. The buyer needs to pay registration fees, which are usually a percentage of the property's value, at the time of registration. Property registration must be completed within four months from the date of sale deed execution. However, in some cases, registration can be done after this period upon payment of additional fees. After registration, the buyer must apply for mutation of the property to update the land records with the local revenue authorities. We at Saanvika Legal Associates offer various legal services such as Trust deeds, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property, registration, Getting docs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.

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