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Registering Your Property? Take Note Of These Points

May 2019

Registering Your Property? Take Note Of These Points

As you know, the sale deed of your property has to be registered under the Registration Act, 1908. Here are a few handy tips to keep in mind that will help you with the registration process.

1: Prepare Well 

Ensure that you have all the documents required ready at the time of registry. These include your property documents, as well as your Aadhaar and PAN Card. Instead of your Aadhaar, you could also produce your voter ID card, driving licence or passport.

2: Be On Time

The Sub-Registration Magistrate office is open from 9.30 am to 6 pm on all working days with a lunch break between 2 and 2:30 pm. Be on time for your appointment and plan your day accordingly.

3: Stamp Duty & Registration Charges

Ensure your stamp duty and registration charges have been paid for registering your property. Post the transaction, you can book an appointment at the sub-registrar’s office.

4: TDS

If your deal exceeds Rs 50 lakh, you’d have to submit your TDS proof of 1% deduction from the property value.

5: Witnesses

Your witnesses should have a valid ID proof and have to be present throughout the entire registration process. Choose people who you know and trust to be your witnesses.

6: Equal Treatment

There are no privileges for women or senior citizens, and all are seen as equal at the registration office.

7: Delivery Of Documents

It takes around 2 weeks for your property to get registered. A receipt will be issued at the end of the registration process which you’d have to show for your documents to be handed over to you. In case of a home loan, the bank might send its representative to collect the documents or you could send it to the bank yourself after you receive them.

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