Buying or offering a property is a huge and vital step in life. This is a choice that can influence your money related and lawful circumstances in the future. In this manner, it is exceptionally imperative to have the right data and archives whereas buying a property. If the archives are fragmented or inaccurate, at that point afterward there may be debate or legitimate inconveniences.
Property registration is a legal process. This process proves who is the owner of the property. Ownership of property without registration is not considered fully secured. In this article, we will learn in detail what documents are required for property registration and how to keep them ready.
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Why is it important to register a property?
Property registration is important for a number of reasons. The first reason is that it provides legal rights. When you buy a house or land, your name comes in the record only after doing the registry. This makes you the legal owner of the property. The second reason is that the registered documents serve as evidence in your favor in the event of any disputes in the future. If someone questions the ownership of the property, the registry document is the strongest evidence.
The third reason is that the process of registry is mandatory for taking a home loan or other financial facility from the bank. Taking a loan from a bank without a registry can be difficult. Moreover, procedures such as sale, transfer or gifting of property are considered valid only on the basis of registered documents. Registration, therefore, not only gives legal protection but is also essential for future plans.
Common Issues in the Registration Process
Many times people reach the registry office without preparation. There they find out that they do not have all the documents ready. This means that the process remains incomplete and needs to be repeated.
Sometimes the information in the documents is incorrect or incomplete. This leads to wastage of time and cash. Some of the time there is a debate between the buyer and the seller.
Therefore, it is exceptionally imperative to get ready and check all the reports some time recently beginning the handle. This spares time and streamlines the preparation.
Documents required for registration of property
A lot of documents are required to register a property. It is important to keep these documents properly prepared. Let's know more in detail:
1. Sale Deed
The sale deed is the most important document. It contains all the terms of sale and purchase of the property. This document must be registered in the registry office. Without the sale deed, the legal right to the property is not secured.
This document contains the names of the seller and the buyer, the full description of the property, the price, the terms of payment and other legal conditions. This document is submitted to the sub-registrar at the time of registration.
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2. Original Certificate of Ownership (Title Deed)
The original ownership certificate proves that the seller is indeed the legal owner of the property. It contains the entire history of the property.
This document shows whether there is any pending debt or dispute over the property. This document is very important for the buyer. This allows him to trust that the property is safe and clear.
3. Proof of identity and address
Identity and address proofs of both the seller and the buyer are required during registration. The following documents are generally accepted:
- Aadhaar Card
- PAN card
- Passport
- Voter ID
These documents ensure that both parties are legitimate and their names are correct.
4. Map and plan of the property (Property Plan / Map)
The map of the property and the plan of the plot are required for the registry. It contains the exact description of the land or building.
This document proves that the property is not under any illegal occupation. Without this, the registration process is incomplete.
5. Taxes and Tax Receipts
There should not be any pending taxes or dues on the property. It is mandatory for the registry to provide previous property tax receipts and payment proof. If there is no proof of tax payment, the registry office does not allow registration.
6. NOCs and approvals (No Objection Certificates)
Sometimes the property belongs to a society or other institution. In such a situation, NOC (No Objection Certificate) of the concerned institution is required.
The NOC proves that the entity has no objection to the sale or transfer. Without NOC, the process can be stopped.
7. Bank Documents (If the loan is taken)
If the buyer has taken a home loan, then documents related to the bank are required. This includes the loan approval letter, bank account details and payment details. Bank documents prove that the loan status on the property is clear and there is no possibility of any further dispute.
Tips for preparing documents
- Bring original and photocopies of all documents.
- Correct any errors in the document immediately.
- Check both the seller's and buyer's documents.
- Check the list of documents on the registry office website.
- Pay the registration fee and stamp duty on time.
Conclusion
Property registration is not just a formality. It provides legal protection and future security. With the right documents, the registration process becomes easier and faster. Keep all documents like sale deed, ownership certificate, identity card, map, tax receipts and NOC ready in time. This not only saves time and money, but also avoids any disputes in the future. Preparing for property registration in advance is the most prudent step. This makes your investment safe and the ownership of the property legal.
