Registering Your Property is easy and convenient. All you need to do is talk to your lawyer for the whole process.
Are you planning to buy a property? If yes, then you can only become a legal owner only after the proper registration process. The sale deed is essential to record the ownership transfer. However, simply the design of the sale deed is not sufficient.
To change the legal possession and for the sale of the property to be considered suitable, the sale deed should be registered in the office of the concerned Sub-registrar of Assurances by settling the right charges.
The procedure of registering property is rather complicated. However, the majority of the documentation is usually finished by the buyer; it would still be helpful for you, the seller, to hire a lawyer knowledgeable in property dealings for a smooth registration process.
An important step for the property registration process:
Step 1: Designing the sale agreement
The sale agreement comprises different terms and conditions linked to the sale. It includes the money of earnest money paid, the end selling price/sale consideration for the property, and the payment timeline, among others. The buyer’s lawyer normally designs the paper.
If it is written, the lawyer will drive across the draft sale agreement to you for your confirmation and testing. It is important that you read through each sentence of the draft sale agreement to confirm that all the terms are written as mutually agreed upon and that there is nothing not working.
Step 2: Registration of the sale agreement
Although the sale agreement is created on a non-judicial stamp paper, it is vital to get it registered at the office of the Sub-registrar of Assurances. However, in the states including Maharashtra and Uttar Pradesh, the sale agreement will just be legally binding on the shopper if it is registered by paying the suitable registration charges and stamp duty.
Before approving the printed sale agreement, it is important to re-read it to make sure that no modification has been made after the approval process.
Step 3: Making of the sale deed
In the third step of the process, the lawyer of the buyer will start to create the sale deed based on the information written in the sale accord. The buyer’s lawyer needs to send the draft sale deed.
Step 4: Execution of the sale deed
As per the decided payment timeline and the date of appointment, the buyer and witnesses (two) shall reach the office of the Sub-registrar of Assurances. It is better to select a reliable relative or friend for the purpose.
After receiving the complete payment of the property, one may now sign the sale deed. The witnesses need to sign at the last.
Step 5: Sale deed Registration
According to the appointment, the person, lawyer, the buyer, lawyer of the buyer, and two witnesses have to go to the sub-registrar office unit. They will check the documentation required.
Step 6: registration charges Payment and conclusion of the process
Once the process gets complete, the parties will have to get the live photographs taken, give their sign and their fingerprints.
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