What Is Document Number In Registration Agreement

In particular cases, where a party to the transaction cannot go to the sub-registry office, the sub-registry may submit each of its officials to the acceptance of the registration documents at that person`s home. The term “locked-in property” includes land, buildings and all rights related to these lands. The property documents to be registered must be submitted to the body of the Deputy Chancellor of Insurance, which is responsible for the property that is the subject of the transfer. The seller`s and the buyer`s agents must be present with two witnesses for the registration of the documents. Documents that must be registered must be provided within four months of the date of their execution, accompanied by the necessary tax. Once the time has elapsed, you can apply to deduct the delay in the sub-registry within the next four months and the Registrar can accept the registration of these documents for a fine of up to 10 times the original registration fee. The registration fee for real estate documents is 1% of the value of the property, subject to a maximum of Rs 30,000. Documents accepted for this purpose include the Aadhaar card, the PAN card or any other proof of identity issued by a government agency. Signatories must also give authority to authority when they represent someone else. It is worth noting here that, if you do not mention, government records are mentioned as the owner of a particular property, proof of ownership may not be possible.

For this reason, real estate registration is a must for the buyer. See also: Frequently asked questions about real estate registration in India Earlier, documents that were submitted for registration would be returned to you after a six-month period. However, with the computerization of the sub-registry offices, the documents (with the registration number and proof that the documents were recorded by the Registrar) are scanned and returned on the same day. Documents requiring registration must be submitted for registration within four months of their execution, as well as the necessary fee. Section 18 of the Registration Act, 1908 stipulates that the following documents may or may not be registered: they must present the property card to the sub-registry with the original documents and proof of stamp duty payment. Before the documents are registered, the sub-registry will check whether an appropriate stamp duty for the property in accordance with the manufacture of stamp duty. In the event of a stamp duty deficit, the Registrar will refuse to register the documents. In most Indian states, the buyer can complete much of the online registration process.