In India the registration of a property is mandatory as per the provisions of the Registration Act,1908. This would make you ask why is it so important to register a property or an immovable asset? The answer is simple; it’s to take the rights off the property you have bought. Now if you have bought the property and have invested such a lot of time and energy in finding the property you have always dreamt off, making sure you have the right on it is the least you would want. Isn’t it?
Finding a property that you love with all your heart is like finding a dog who doesn’t like to wag its tail - rare and difficult. Isn’t it? If you call the hunting process a difficult one, house registration process is a step ahead. Out of all the steps that are involved in buying a property, property registration process it is one of the most tedious ones. The paperwork and the legalities involved can make you want to pull your hair apart. Here’s a step by step guide to ease the pain and make the house registration process smooth and spot on.
Visit the sub registrar’s office
Collect the application form from the sub-registrar’s office to kickstart the property registration process.
Fill out all the necessary details (preferably without committing errors) like:
- Document details
- Details of parties
- Property details
- And more…
Complete the application form with all the details, compile all the documents required and submit the same to a sub-registrars office.
After submitting the application at the sub-registrars office, the verification process is initiated. Once the verification process has started, the applicant is required to submit payment of required registration charges at the sub-registrars office.
On completion of the payment the applicant is given a e-stamp. Followed by this, a photograph and the fingerprints of the applicant are recorded.
Once the e-stamp is handed over and the fingerprints are recorded, the registration number is generated by the sanction authority of sub-registrar’s office as an indication of conformation. This step is further followed by affixing the registration deed with seals and signature of the sub-registrar.
Once all of these steps are completed, the applicant receives a receipt as confirmation of registration. This receipt then needs to be submitted at the sub-registrars office before the process following it starts. Finally, the recorded documents will then be scanned and granted by the respective authority at the sub-registrar office in the given slot along with a generated report and the appointment slip.
How long does it take to register a property?
These may look like easy 7 steps but require a lot of time and organisation. It is a huge investment of time, energy and patience before you have your property on your name.
The process after property registration in Maharashtra takes at least 45 days from the date on which the application is received.
What are the documents required?
- Encumbrance certificate
- Original document bearing signature of all parties.
- Property details (survey number, surrounding land details, size of the land and more)
- Challan/DD evidencing payment of full stamp duty, transfer duty (if any), registration fee and user charges.
- Property card
- Proof of identity of both buyer and seller along with the witness.
- PAN Card
- Power of attorney (if a real estate agent or an individual is in between the buyer and the seller)
- Original ID proof and address proof to display before the registrar
- Deep/Document to be registered (in case of partition or settlement or gif etc.)
- Map of land
- Valuation certificate issued by the concerned Tahsildar 9as per requirement)
However, if the required documents are not duly registered, the law neither recognises the unregistered owners nor provides them any right over the property. Therefore, stop fearing the process and make the new property duly yours!