Article

Procedure: Stamping and Registration of Property
February 06 , 2013
  1. A sale deed must compulsorily be registered according to government laws. If not registered it cannot be produced as evidence in case of dispute. Until you register property it will remain in the original owner's name in government records. Within 4 months of making the deed it must be registered. By property we mean all kinds of property like flat, bungalow, duplex, plot of land.
  2. Registration simply means that the legal documents you presented have been verified and its contents recorded. Copies of it are kept at the sub-registrar's office. Sub-Registrar's Office handles all property registration and they keep records of previously registered properties.
  1. Present the house Registration Agreement at the local Stamp Duty Office where stamp duty of 6% in case of women or 8% in case of men is paid and the seal is affixed. The document is dated and signed by the buyer and seller. Banks may also accept stamp duty payments. They may do it in a few hours time. Stamp Paper must be purchased in the name of either the buyer or seller. It is valid for 6 months if duty is paid on time. Stamp duty is charged on the basis of built-up area in sq mts or in case of land in sq mts with FSI 1 as per measurement mentioned in the document.
  2. Lodge the document for registration at the office of the Sub Registrar of your district. Both stamp duty and registration fee is to be paid by the buyer of property.
  3. All parties signing the document must be present in person and produce passport size photographs, copies of the original documents, an identification document like Passport, Driving License, Ration Card, PAN Card along with two witnesses.
  4. The document is stamped, signed and registered in the presence of all parties and witnesses.
  1. The Reader of Sub-Registrar of Assurances checks the document after payment of Rs 30,000 or 1% of the property value, whichever is lesser.
  2. The seller hands over possession of property to the buyer and the documents are returned to the buyer. Now in the government records you become the owner of the property.
  1. Next you must approach the local municipal authorities to mutate the title of ownership of property in their records. After your property tax will be billed in your name.
  2. For the procedure on changing title, click here.

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