Procedure & Documents required for Property Registration
The property documents that need to be registered, should be submitted to the office of the Sub-Registrar of assurances, within whose authority the property for transfer, is situated. The authorized signatories for the seller and the purchaser, have to be present along with two witnesses, for registration of the documents.
The signatories should carry their proof of identity. The documents that are accepted for this purpose, include Aadhaar Card, PAN Card, or any other proof of identity issued by a government authority. The signatories also have to furnish the power of authority, if they are representing someone else. In case a company is party to the agreement, the person representing the company has to carry adequate documents, like power of attorney/letter of authority. The person also needs to carry a resolution copy of the company’s board, authorizing him to carry out the registration.
Procedure & Documents required for Mutation
Mutation is the record of a transfer of title of a property from one person to another in the revenue records. Details to be presented with application:
Area in which the right has been gained, Description of the right received, Name, Parents Name & address of the person from whom the right has been obtained, manner in which the right has been acquired, Copy of document on the basis of which the mutation is sought – sale deed, will etc.
In case of sale – Copy of sale deed, Application for mutation with court fee stamp affixed on it, indemnity bond on stamp paper of requisite value, Affidavit on stamp paper of requisite value, Receipt of up-to-date property tax payment.
In case of Will – Death certificate, Copy of will or succession certificate, Indemnity bond on stamp paper of requisite value, Affidavit on stamp paper of requisite value attested by a notary, copy & up to date receipt of power of attorney.
Procedure & Documents for Property Valuation –
Property valuation certificate is obtained for the following purposes:
- Property valuation certificate includes the property information like property size of the land and building, Property value, details on the construction.
- Property valuation Certificate is also used as collateral for the educational loan from the Bank.
- Property Valuation certificate is required for purposes of income and wealth tax For submitting annual returns in the Income Tax department.
The required documents are –
- Aadhaar Card
- Proof of Land Tax
- Copy of Encumbrance certificate.
- Proof of ownership of property.
- Voters ID