How To Register A Property In India

To register a property in India, you need to follow these steps:

1. Obtain the sale deed. The sale deed is the primary document that establishes the transfer of ownership. It will be of the property from the seller to the buyer. It contains details of the property, such as its location, dimensions, and boundaries. It also has details of the parties involved in the transaction.
2. Obtain the necessary documents. You will need to obtain several other documents that are required for property registration. These include property tax receipts, no objection certificates (NOCs) from local authorities, building plan approvals, and encumbrance certificates. An encumbrance certificate shows that the property is free from any legal or financial liabilities.

Property Evaluation

1. Get the property evaluated. You may need to get the property evaluated by a registered valuer. This is to determine its market value. The stamp duty payable on the property is based on its market value. Therefore, it is important to get an accurate valuation.
2. Pay stamp duty. Stamp duty is a tax levied by the government on property transactions. The stamp duty payable varies from state to state and is based on the market value of the property. A designated bank receives the stamp duty payment through a challan and provides a receipt for it.
3. Register the property. Property registration is done at the Sub-Registrar’s office. You need to submit the original sale deed, identity proof, address proof, and proof of payment of stamp duty. The Sub-Registrar verifies the documents and registers the property in your name.

Registration Fee

1. Pay registration fees. In addition to stamp duty, you will also need to pay a registration fee to the government. The registration fee is based on the market value of the property and is payable through a challan at a designated bank.
2. Collect the registration document. Once the registration process is complete, you will receive the registration document from the Sub-Registrar’s office. This is a legal proof of ownership of the property and should be kept in a safe place.

It is important to note that property registration procedures and requirements may vary. This is depending on the state in which the property is located. Additionally, there may be other taxes and charges that are payable in some states. Therefore, it is advisable to check the specific requirements of your state before registering a property.