How To Register A Property In India

By Author: James William
Total Articles: 11
Comment this article

With the boom in real estate market in India & the value of property increasing with each passing day everyone wants to own a property in India i.e. either a residential property or a commercial property. But whatever property you purchase you have to register that property with the government authorities in India. The property registration process in India is time consuming. Following are some tips that will help you understand how to register a property in India.

1.First go to Sub-Registrar of Assurance's office & check if there is any encumbrance that can affect the property you have selected. This will ensure you that nothing is going to affect the title deed & the ownership status of your property like liens or mortgages.

2.Verify whether title deed is registered officially to the seller of the property or not.

3.Get the application form for registration of property. Fill all the necessary details given in the form. You can either download the form online or get the form from the office of concerned authority.

4.The final sale deed has to be prepared by you. For this you need a good ...
... lawyer who will do this work. Generally lawyers charge 1% of the value of the property as their fee. So don't worry about the lawyer fee as hiring a lawyer is essential in this case as these are legal documents that has to be prepared by a lawyer only & it helps to avoid problems coming up in future in regard to the land or the property you bought.

5.A stamp duty has to be payed by you for the new title deed. Stamp duty varies from state to state & is generally 5% of the value of the property. You may have to conduct this payment process in the bank.

6.The final sale deed has to be executed at the Sub- Registrar of Assurance's office where you have to submit all the necessary documents related to real estate transaction that occurred between you (the buyer) & the seller of the property. During this process both the buyer & the seller have to be present in the office along with two witnesses. These witnesses will put their signature on the final sale deed so that there is no chance of fraud & the buyer becomes a legal owner of the property he purchases from the seller.

7.A registration fee has to be payed which is generally equal to 1% of the market value of the property.

8.Now apply for title deed's mutation at the land & survey office. The title deed previously having someone else's name is transferred to your name now. This process generally takes 30 days time.

9.You have to also pay tax for the property you purchased in future. This tax rate will be decided now by the land & survey office.

Follow the above tips, register the property you purchased & be a legal owner of the property.

If you are looking to register in India property, these tips would provide all the necessary information you would require to buy a property in India. Check out for the reviews on Gurgaon Properties here.