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Registering your newly purchased property in your name is not a choice; all buyers are legally obliged to register their property under Section 17 of the Registration Act, 1908. As part of the process, home buyers or property owners have to pay a certain portion of the deal value as stamp duty to their respective state governments, along with a 1% registration charge.
In a majority of states, buyers have to visit the sub-registrar’s office to register their properties, some states have launched services to help landlords register their properties online with an aim to offer hassle-free and time-bound services. Flats as well as plots could be registered using these online facilities.
Online property registration
Register property online
If you live in a state that offer online property registration services, here a certain facts you need to be aware of:
Only certain parts of the process can be completed online: Do note here that only a certain part of the property registration process can be completed online even if you state offer online property registration facilities.
- You can find out the circle rate in the area to decide the total value of your property.
- You can calculate the stamp duty and registration charge amount.
- You can pay stamp duty and registration charge online and get a receipt for the same.
- You will then have to make an appointment, and visit the sub-registrar’s office at the appointed hour for the final property registration.
The payment must be paid online: An appointment for property registration can be booked only after you have paid the required stamp duty and registration charges online. The payment has to be done using your debit card, credit card or net-banking.
TDS had to be paid online: In case the deal value exceeds Rs 50 lakhs, the buyer will have to pay 1% TDS on the property value online, and get a print out of the receipt. This paper would be needed at the time of physical verification.
Your mobile holds the key: As you proceed with the online process, you mobile number will hold the key to its completion. Not only would you get on SMSs one-time passwords (OTP) during the course of registration, a message would also be sent with regard to your appointment, and process completion.
Documents and information required
You only have to buy e-stamp papers and make online payment of for the stamp duty and registration charge. All the documents have to be presented in front of the sub-registrar for verification.
Information you will have to provide online for property registration
Here are some details you will need to fill in while registering property online:
- Property description: Number, area, pin code, etc.
- Property type: Flat, plot, agricultural, etc.
- Mode of ownership: Purchase, gift, lease, etc.
- Owner’s personal details: Name, age, occupation, parent’s name, etc.
- Proof of property: Title deed, power of attorney
Documents required for sub-registrar’s office
*Duly prepared sale deal on non-judicial stamp worth the deal value.
*Two passport size photographs on both copies of documents (seller and purchaser).
*E-stamp paper with correct value of stamp duty.
*E-Registration fee receipt of registration fee with undertaking.
*Copy of PAN card.
*Original ID proof of all parties (seller, purchaser and witness).
*Receipt of TDS if property is worth more than Rs 50 lakh.
* In case of land as well as house property, the buyer has to present documented history of ownership transfers.
When will I get the registered property document back?
It takes nearly two weeks days for your property documents to get registered. You will have to visit the sub-registrar’s office to get your documents back.
Is property registration a must?
All buyers are legally obliged to register their property under Section 17 of the Registration Act, 1908.
What is property registration charge in India?
In almost all states, 1% of the deal value is paid as property registration fee.