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Property Registration

Property needs to be registered for the purpose of sale, transfer,gift or lease in accordance with Registration Act,1908.As per Section 17 of the Registration Act, 1908, all transactions that involve the sale of an immovable property for a value exceeding Rs 100, should be registered.If someone doesn’t register a property while doing above mentioned transactions then the transaction cannot be proved in the court of law.E-registration of property has been made simple with LegalDocs.

DOCUMENTS REQUIRED FOR PROPERTY REGISTRATION ONLINE

  1. Identity proof of parties involved(Aadhar Card,PAN card etc.)
  2. Two passport photographs of parties involved
  3. Sale deed
  4. Power of authority in case the party is representing someone else.
  5. If the party is a company then power of attorney/letter of authority, along with a copy of the resolution of the company’s board, authorising him to carry out the registration,certificate of incorporation
  6. property card
  7. proof of payment of stamp duty and registration fee

Documents that have to be mandatorily registered, should be presented within four months from the date of their execution, along with the requisite fee. In case the time limit has expired, you can make an application to the sub-registrar for condonation of the delay, within the next four months and the registrar may agree to register such documents, on payment of a fine that may be up to ten times the original registration fee. The registration fee for property documents is 1% of property valuation, subject to a maximum of Rs 30,000.

Service Available All Over Pune & Mumbai

 

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