By Runwal Group Posted On May 09, 2019
Category Property investment
As a homebuyer, you may be familiar with the term “sale deed”. A sale deed is a document that testifies to the legal transfer of ownership of the plot from the seller to the buyer. According to the provisions of the Registration Act, 1908, it is mandatory for homeowners to register the sale deed to ensure a legally sound transaction.
If you’re looking to register your property, here are some useful guidelines to simplify the process.
Make sure to get all your property documents together one day prior to your appointment at the sub-registration magistrate’s office. Keep in mind that there are no separate queues for women or senior citizens, so prepare accordingly.
The sub-registration magistrate’s office works from 9:30 am to 6 pm on all working days (make sure to check the calendar for any public holidays), with a 30-minute lunch break in between. Plan to spend most of your day at the office, as these processes can take time.
Keep in mind that you will have to pay the stamp duty and registration fee before you show up at the sub-registration magistrate’s office. You can pay these charges online by clicking https://www.e-stampdutyreadyreckoner.com/index.php or seek a lawyer’s assistance for the same.
In addition to all the property documents, you will also require certain identification documents such as your PAN Card, Aadhaar Card, Voter ID or Driver’s License. Make sure to bring these with you.
A TDS certificate will also be required in case the property transaction has been over the value of Rs. 50 lakhs.
Each party must bring at least one trustworthy witness to the office on the day of the appointment. The witness must also carry with them the requisite identification documents.
Keep in mind that it takes about 15 working days for the sale deed to be registered. You can collect the registered documents after this period, upon producing the receipt that will be issued to you at the time of the registration.
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