Agreement to Sale/purchase of Property – Drafting and Registration
Get Property Registration Done Without any Hassles
Procedure for property registration
Property Registration Documents associated with the property should be submitted to the office of the Sub-Registrar who is permitted to register the property. the vendor and therefore the Purchaser need to be present during the registration of the property. For a bit of land, there’s a land registration process and for a house, there’s a House Registration Process. Wherever there’s a registration of property, the Land Registration Process In India and its associated rules are followed. For the registration of a flat, Documents Required For Registration Of Flat should be submitted within the Sub-Registrar’s office. If there’s a representative of either the vendor or the purchaser present in absence of the concerned persons, an influence of attorney should be submitted. an influence of attorney may be a document of authorization.
You are alleged to produce the first documents with proof of payment of stamp tax to the sub-registrar. The property won’t be registered in absence of any of the specified documents. Witnesses also are required to be present during the signing of the registration papers.
Documents required for property registration are mentioned below:
Aadhar card.
Passport-size of both seller and purchaser.
Copy of the first sale deed that has been verified.
Copy of NOC consistent with the land ceiling Act.
Copy of the newest property register card.
Copy of Municipal bill.
Construction completion certificate.
Paper of agreement between the vendor and therefore the original purchaser.
Stamp Duty Charges & Property Registration In India,2020
Stamp duty may be a tax imposed by the govt on the parties dealing in property transfer. it’s charged by the central and government . The purchasers must pay the stamp tax charges on the agreement of sales that falls under the Indian Stamp Act , 1899, section 3. Now the indirect taxes, sales tax, and value-added taxes are replaced by GST.
Stamp Duty charges differ upon state rules and therefore the charge also varies counting on many other factors like:
Property Status: Old or New
Property Location: country , City area, etc.
Owner’s age
Owner’s gender
Property utilization: Commercial or Residential
Property type: Flat or house