It is worth noting here that, if you do not mention, government records are mentioned as the owner of a particular property, proof of ownership may not be possible. For this reason, real estate registration is a must for the buyer. The registration fee for real estate documents is equal to 1% of the value of the property, subject to a maximum of Rs 30,000. Documents requiring registration must be submitted for registration within four months of their execution, as well as the required costs. They must present the property card to the sub-register, along with the original documents and proof of stamp duty payment. Before the documents are registered, the sub-registry will check whether an appropriate stamp duty for the property in accordance with the manufacture of stamp duty. In the event of a stamp duty deficit, the Registrar will refuse to register the documents. Signatories should have their identity. Documents accepted for this purpose include the Aadhaar card, the PAN card or any other proof of identity issued by a government agency. Signatories must also give authority to authority when they represent someone else. When a company is a party to the agreement, the representative of the company must carry with it appropriate documents, such as power and power, as well as a copy of the decision of the company`s board of directors authorizing it to make the registration.
The property documents to be registered must be submitted to the body of the Deputy Chancellor of Insurance, which is responsible for the property that is the subject of the transfer. The seller`s and the buyer`s agents must be present with two witnesses for the registration of the documents. In most Indian states, the buyer can complete much of the online registration process. Depending on where you live, you can use online services to partially complete the registration process. However, for the final step, you should go to the sub-registry with the seller and two witnesses to complete the transaction. Once the documents have been registered, you will need to go back to this office to retrieve your registered property documents. Documents that must be registered must be provided within four months of the date of their execution, accompanied by the necessary tax. Once the time has elapsed, you can apply to deduct the delay in the sub-registry within the next four months and the Registrar can accept the registration of these documents for a fine of up to 10 times the original registration fee. The registration fee for real estate documents is 1% of the value of the property, subject to a maximum of Rs 30,000.
Documents accepted for this purpose include the Aadhaar card, the PAN card or any other proof of identity issued by a government agency. Signatories must also give authority to authority when they represent someone else. Online registered rental contract – In the case of an online registered agreement, you will find the document number at the bottom of the pages and also on the receipt. Look at the image below, it is mentioned that “registered as document no.4272/2017 at Joint S.R. Haveli 25 on 16/04/2017,” so the rental contract is the registration number “HVL25/4272/2017” (office name/document number/year of registration).