Becoming a property owner – Isn’t that an amazing feeling? In this world, that can be something one can genuinely feel proud of. However, when you step into the ‘adulting’ perspective of it all, things don’t seem so hunky-dory, right?
Whether through personal experience or hearing about your dad’s struggles with the property registration process, you probably know how challenging it can be to register property in India. The quest of getting all paperwork done, chasing people at Sub Registrar’s offices and needless to say, understanding the legal jargon of those long, long texts!
If you think this is a hassle, we’re gonna change your perspective a tad bit (read, remarkably).
But before that, let’s get to know the steps and the documents you actually require to register a property. Whether you’re a proud buyer or a happy seller, this guide is for you!
Read This if You’re the Buyer
Let’s Simplify the Process
- Documentation Check: Gather all the necessary documents, including passport-size photographs, identity proof, latest property registration card copy, property tax bill, no objection certificate, verified sale deed copy, certificate of construction completion, payment receipts for registration fees and stamp duty, power of attorney, affidavit (if required), title deed, allotment order, possession certificate, or sales document (if applicable).
- Property Title Verification: Verify the property title to ensure that it is free from any legal disputes or encumbrances
- Encumbrance Check & Certificate: Check for any encumbrances on the property and obtain an encumbrance certificate from the Sub-Registrar’s Office
- Sale Deed Drafting: Draft the sale deed with the help of a legal professional or property consultant. You can do the next process online with ZeroChaos
- Stamp Duty & Registration Fee Payment: Pay the stamp duty and registration fee at the designated bank or authorised collection centre of the Sub-Registrar’s office.
- Visiting the Sub-Registrar’s Office (we’re gonna make this easy): Along with the seller and two witnesses to complete the transaction
- Biometric Verification: Undergo biometric verification at the Sub-Registrar’s office itself
- Witnessing the Registration: Witness the registration of the property documents in the presence of Sub-Registrar and the two witnesses
- Procure the Sale Deed: Collect the registered property documents from the Sub-Registrar’s office
This is Your Guide if You’re the Seller
Dialling it Down
- Get the Legal Clearance: Ensure title, ownership, and approvals are clear and valid
- Procure the NOC (No Objection Certificate): Obtain official approvals from relevant authorities like banks, societies, etc.
- Draft the Sale Deed: Draft a legally binding document outlining the property transfer. You can do this online too. Click here to begin now.
- Verify the Buyer’s Documents: Verify identity, financial status, and ability to purchase
- Pay any Dues: Settle outstanding taxes, bills, and any fees before transfer
- Accompany the buyer for biometric verification and signing the Sale Deed: Confirm buyer identity and finalise the sale agreement
- Hand over the possession: Hand over keys and physical control of the property to the buyer
- Collect the acknowledgement: Make sure that you receive official confirmation of successful registration
Checklist of the Documents You Need to Register Your Property
- Passport-size photographs of the buyer and seller
- Identity proof such as Aadhar Card, PAN Card, Voter ID Card, or Driving License for both the buyer and seller
- Latest property registration card copy
- Property tax bill from the municipality
- No Objection Certificate (NOC) from pertinent authorities
- Verified Sale deed copy
- Certificate of construction completion
- Payment receipts for registration fees and stamp duty
- Power of Attorney in case the buyer or seller is unable to attend the registration process personally
- Affidavit in some cases, depending on the state
- State-issued title deed, allotment order, possession certificate, or sales document
- Original recorded agreement between the builder and the building’s first purchaser
Property registration charges in Bangalore are fixed to be 1% of the property value. A total of 250 sub-registrar offices are located in Bangalore, and the government of Karnataka has an online portal for property registration.
ZeroChaos can help buyers and sellers alike with the property registration process by providing a user-friendly platform that simplifies the process and ensures that all necessary documentation is in order. We also facilitate legal verification of the property documents, initiates the Agreement to Sale (ATS), and helps with the initiation of the sale deed. Additionally, we provide a secure and convenient way to pay for the e-stamp paper required for the process.
How Can Zerochaos Help With the Steps of Property Registration Via Online Documentation?
ZeroChaos is an online platform that simplifies the process of property registration in India. It offers a user-friendly interface that allows you to complete the registration process from the comfort of your own home. Here’s a step-by-step guide on how ZeroChaos can help with property registration via online documentation:
Procedure for Registration of Property
- Sign Up & Start A New Offer: Create an account on the ZeroChaos platform and start the online property registration process by posting a new offer for the property you want to buy or sell.
- Offer Review & Approval By All Parties: Once the offer is posted, interested buyers and sellers can review and approve the offer. ZeroChaos ensures a transparent and fair bidding process for all parties involved.
- Transaction Begins & Mou is Initiated: After the offer is accepted, a Memorandum of Understanding (MoU) is initiated between the buyer and seller. This MoU serves as a binding agreement between the parties, outlining the terms and conditions of the transaction.
- Legal Verification: ZeroChaos facilitates legal verification of the property documents, ensuring that all necessary paperwork is in order and complies with local regulations.
- Initiation Of Agreement To Sale (ATS): The platform helps initiate the Agreement to Sale (ATS), a key document required for the loan and property registration. This agreement outlines the terms and conditions of the sale and purchase, including the payment structure and timelines.
- Pay for the e-Stamp Paper: ZeroChaos provides a secure and convenient way to pay for the e-stamp paper required for the property registration process.
- e-Sign Agreement To Sale: The platform allows all parties to electronically sign the Agreement to Sale, streamlining the process and reducing the need for physical paperwork.
- nitiation of Sale Deed: ZeroChaos facilitates the initiation of the sale deed, which is a definitive agreement for the conveyance of the property. This document is essential for completing the property registration process and transferring ownership from the seller to the buyer.
- Property Gets Registered: With the help of ZeroChaos, the property is registered with the appropriate authorities, ensuring that all necessary documentation is submitted and the registration process is completed smoothly.
Gist in a Jiffy
There you have it! This is everything you need and that you’ll ever need for an extremely easy process to register your property. Needless to say, you’d not only be gaining in the tangible arena – saving time, money, efforts – but also be saving your mental peace from the anger and agony of the traditional process.
If you need help setting or beginning with this, feel free to send in your queries to us at +91 70900 11220 or drop us an email at [email protected].
We’ll make sure we cater to your every need!
For more information about the steps, refer to our User Guide.
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