Overview

In India, as per the Indian Registration Act, 1908 it is mandatory to register the transfer of property with the appropriate Registrar. The immovable property transferred has to be registered to obtain the rights of the property transferred.

So you've found the place you want to buy or found a buyer for your property, so you get an agreement prepared. There is no underestimating this document, given the large sums involved in property deals. This agreement will cover comprehensively the terms on which the sale will take place, the conditions, and the date on which the sale will be completed. But what next? Once this document is signed and executed, it needs to be stamped and the duty needs to be paid. Together, this constitutes the property registration process.

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Procedure for Property Registration

Steps included in Property Registration:

• Step 1: Estimate the value of your property according to the circle rates in your area.
• Step 2: You have to now compare the circle rate with the actual price paid. For paying the stamp duty, the higher of the above two values would be applicable.
• Step 3: You will now have to buy non-judicial stamp papers of that value arrived at after the calculation.
• Step 4: The stamp papers can be purchased in person or online. Stamp duty can be paid through the Collector of Stamps or a proof needs to be submitted, if it is already paid.
• Step 5: Now, you have to get the deed prepared and typed on stamp papers. The subject matter varies according to the nature of transaction, which could be sale, lease, mortgage, power of attorney, etc.
• Step 6: Now, the transacting parties have to approach the Sub-Registrar's Office to get the deed registered, accompanied with two witnesses. Each person involved in the process should carry their respective photographs, identification documents, etc. An original copy of the deed, along with two photocopies of the same, should also be carried.
• Step 7: After the sale deed gets registered, you get a receipt. About two-seven days after that, one can again approach the Sub-Registrar's Office to collect the sale deed.
• Step 8: Once you have got the original sale deed registered, you can also get the same verified by using the registry details and date from the Registrar's Office.

Documents Required for Property Registration

Listed below are the documents required for Property Registration:

• Id card of executants and claimant (for all deeds)
• Pan card of executants and claimant
• Id Card of witnesses
• Duty stamped signed and executed document
• Sale deed signed by the claimant

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