Overview

Land buying proves that you are a wealthy person and gives you a joyful experience. And, land owning agency registrationis an important part of the whole process. Indeed, it is easy to choose the land of your choice but the complex part of it is becoming its lawful owner. So, you should be very clear legal issues and the paperwork. Become familiar with the land purchasing process and the registration process with the land owning agency. We at Your Property Doctorcan be helpful to you in this process.

Property Registration with the Land Owning Agency

Registration of property is compulsory for every citizen purchasing land in the country. The individual in whose favor property is registered becomes the owner. If the documents are not duly registered, the law does not provide them with any rights over the property. The property registration process with the land owning agency includes the following steps:

• Do land title deed verification as it confirms the ownership of the property. Besides this, know about any dues pending against the property, such as property taxes, electric bills, water bills, etc.

• Get the sale deed prepared with the help of a knowledgeable lawyer

• Pay the stamp duty about3-10% of the property value

• Registration is done at the land owning agency falling within the jurisdiction of the property. Two witnesses are required at the time of registration.

What Documents are Required for Land Registration?

Property registration documentsinclude the following:

• Aadhar card, PAN card, passport, driving license, or voter ID card of the buyer, seller, and witnesses

• Two passport-size photographs of each of the buyer, seller, and two witnesses

• A photocopy of the latest property registered card, and municipal tax bill

• Proofs of payment to the seller, payment of the stamp duty, and registration tax

• A photocopy of the non-objection certificate

• Finally, collect the dully registered document from the land owning agency after 2-7 days. You will be provided with land registration certificate. Get your property registered within four months from the date of execution of the transaction.

Online Registration of the Land

Online land registrationis easier and hassle-free. You can easily calculate the stamp duty from the online portal. Keep the following things in mind:

• Check whether there is a portal for the e-registration of land

• Pay the registration fee online

• Once you have received the receipt, visit the land owning agency to complete the registration process

• If the land value is more than 50, 00, 000, then you will have to pay 1% of the TDS for property registrationYou can pay TDS online

• While registering your property online, you will have to provide some documents, such as description of the property, type of the property, ownership status, personal details and proof of property

What is the Purpose of Land Registration?

Property registration with government agencyis a must as it generates income for local authorities and governments. Once your land is registered, the government keeps track of your property and it helps authorities in preparing a land use map. Moreover, land registration helps the government solve any land-related issues in the future.

Checking the Original Documents: Check all the original documents of the seller before you sign them to ensureproperty document verification.  

Placing a Public Notice: Place a public notice in the newspapers calling for claims in respect of the property you are purchasing. Doing this will help you prove that you purchased the property from a legitimate owner.  

Inspecting the Plans

If the building you are going to purchase is under construction, you should go for property inspection before purchase. Also, check the following:

• If the Owner is Minor: If the property owner is minor, get permission from the court to enable minor’s father/guardian to sell the property.  

• Payment of Stamp Duty: In order to verify documents of title, check payment of stamp duty. If the ownership of property has been changed more than once, examine all the documents for payment of stamp duty by the predecessors.  

Checking the Minimum Tenure of Land If Taken on Lease

If the flat you are going to purchase is built on a land which is on lease, then go for lease verification for property purchase. Confirmwhether the flat owner has paid the lease rent. If the lease is about to expire shortly, then the lease rent may increase substantially. So, you must verify the terms of the lease before you buy the flat.