What are the documents required for property registration?

What are the documents required for property registration?

• Aadhar card.
• Passport-size of both seller and buyer.
• Verified copy of the original old sale deed.
• Copy of No objection certificate under the land ceiling Act.
• Copy of the latest property register card.
• Copy of Municipal tax bill.

How can I register my property in Bangalore?

You have to visit the sub-registrar office of the area in which the property is present. There you’ll have to provide the required documents and both the seller and the buyer have to sign the registration document. Along with this, you have to bring two witnesses.

What is the registration fee for house in Bangalore?

The registration charge is 1% of the value of the property while 10% of the stamp duty is the BBMP, Village Areas and BMRDA added cess. Stamp duty is 5-6% of the value of the property. BMRDA and other surcharges account for 3% of stamp duty while 2% of stamp duty is the BBMP & Corporation added surcharges.

What is house registration process?

The registration process involves making a stamp duty and paying the requisite registration fee for sale deed and has the documents legally recorded with the sub-registrar of your area. Getting the sale deed ready. Payment of the stamp duty & registration charges. Approach the Sub-Registrar for registration.

Is Aadhaar mandatory for property registration?

Aadhaar is accepted as a identity proof for property registration and land mutation. However, no provision in the law makes it binding on the buyer to provide his unique identification number for these purposes. If the verdict goes in favour of the petition, Aadhaar would become mandatory to register property.

What if a flat is not registered?

Stamp duty and registration charges are paid to the govt and the property is registered in the name of the owner. Without registration, a buyer has no legal right over the property so, one cannot sell it to anyone under the Transfer of Property Rights Act.

Is property registration stopped in Bangalore?

BENGALURU: Property registrations have halted across Karnataka as the state government has temporarily shut all 243 sub-registrar offices after announcing the two-week lockdown. “We have closed down all offices to ensure the safety of our employees and the public.

Can I register in Bangalore?

Documents required for Registration of Will?

• The person making the Will has to personally go to the Sub-registrar’s office with 2 passport size photographs.
• A Mental Fitness Certificate of the Testator from an MBBS / MD Doctor.
• Original Signed Will.
• Two witnesses must also be present with their 2 photographs.

Is registration cost included in home loan?

Registration charges and stamp duty are two such expenses that the buyer incurs over and above the cost of the property. This is the expense for completing formality of buying the home. However, banks do not finance registration charges and stamp duty under Home Loans.

How long is house registration?

On the day of registration the Bank pays out the amount needed for the home loan and the Buyer officially becomes the owner of the property. This entire registration process typically takes at least 3 weeks to complete.

Is property linked to Aadhar card?

The bill proposes to link registration of property with Aadhaar or any valid document of proof like PAN (Permanent Account Number) or a driving license, for those who don’t have Aadhar, to verify the identity of those who are getting the property registered.

What do you need to register a property in Bangalore?

When you register a property, you will declare that you are the legal owner of the property. The documents for property registration in Bangalore will be done based on the guidance value given by the government. The property registration process in Bangalore will be done by submitting various important documents.

What kind of documents do you need to register a property?

You need to register the sale deed in the Sub- Registrar’s Office of the area where the property is located. Khata certificate or extract is known by different names in different states and is an important document for the registration of a new property. It is also required if you want to transfer the ownership of the property at a later stage.

Which is the most important document for buying a property in Bangalore?

These documents include occupancy certificate, property card, etc. Sale deed registration – A sale deed registration is obtained after the project has been completed in all aspects. This will be provided in the registrar’s office and is considered to be the ownership document. This is one of the most important documents that you can possess.

What are the laws for registration of property in India?

Laws related to registration of property transactions in India. Registration of the documents of sale and purchase of immovable property is mandatory and ensures conservation of evidence, prevention of fraud and assurance of title. The law of registration of documents is contained in the Indian Registration Act.