Is registering property compulsory in India?

Yes. Per Section 17 of the Registration Act of 1908, registration is compulsory for immovable property above Rs.100.

What documents are required for property registration?

A sale deed will be required, Aadhar, PAN, passport or identity proof. Passport size photographs of both seller and buyer. Property tax receipts.

How much stamp duty is to be paid?

Stamp Duty varies from state to state. Stamp Duty will be paid based on either Circle Rate or Market Value whichever is higher. In certain states, there may be reduced stamp duty for sale to women buyers.

Can property registration be done online?

Yes, property registration can be done online in certain states. There are some states that have portals, which are associated with the National Generic Document Registration System (NGDRS).

What is an encumbrance certificate and why is it important?

An encumbrance certificate is a certificate that shows that the property is free of any legal dues or mortgages. Buyers should always check this document before they buy property, as it is necessary to avoid future disputes.

What legally occurs if property is unregistered?

If property is unregistered, it has no legal title. The buyer cannot claim ownership, cannot mortgage it, and cannot use it as collateral. It may expose the parties to litigation in the future.

How do they determine property value for registration purposes?

They determine value with either the circle rate fixed by the state, or the market value agreed upon by the parties; registration charges are based on the higher fee.

Can you register the same way in agricultural land?

Yes, you register agricultural land the same way, but some states restrict the transfer of agricultural land to non-agriculturists. Check your states rules before closing.

What is the importance of witnesses on the property registration process?

There must be at least two witnesses during registration at the sub-registrar's office. Their signatures state that they saw that the original parties went through with the transaction.

How long does it take to register the property?

If everything is in order, the registration process is done in a day at the sub-registrar's office. Online systems have also cut back on time, a little further due to having documents pre-verified.

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