Delhi is the hot spot to make real estate investments because of the infrastructure developments in the region. Everybody think of buying a property in Delhi, however they are not well aware of the correct procedure of buying and registering their property. Hence, they blindly follow the real estate agents for this purpose. In this post we would be talking about the things that one should consider while buying and registering a property.
Complete Guide to Buy and Register Property in Delhi
1. Delhi is the hot spot to make real estate investments because of the infrastructure developments in the region.
Everybody think of buying a property in Delhi, however they are not well aware of the correct procedure of
buying and registering their property. Hence, they blindly follow the real estate agents for this purpose. In
this post we would be talking about the things that one should consider while buying and registering a
property.
Please read our following checklists to know the important considerations while buying any property:
5 Points to consider while buying a residential property in Delhi NCR
Handy Tips to Get Best Commercial Property
Important Things to Check Before You Buy Property
Let’s move ahead with the other part i.e. what things one need to consider for registering the property
purchased in Delhi.
2.
3. Property Registration in Delhi
In order to register the property, you need to apply to the concerned Sub Registrar’s office. The
usual response time for registration is 15-20 days, if you have proper documentation. The
response time becomes less if you opt for online registration system which is introduced by
Delhi Govt. recently.
RequiredDocuments
The required documents to register any property in Delhi include:
Sale Deed
Will
Conveyance Deed
Gift and Share Certificates
The registration cost for all above mentioned documents except “a Will” is 1% of the total
value plus additional cost of Rs.100. The registration cost for a Will is Rs.600. However, the
stamp duty for each document varies and is also subject to gender of buyer.
4.
5. The Registration Steps for Sale Deed
If you possess a sale deed, then you need to follow below mentioned steps to register
your property:
Important Details
The first step starts with providing the required details that are applicable to your
property. Such details include:
Date of property purchase
Property transfer issues
Document of legal ownership
Receipts of Property Taxes and water bill payments
Clearance certificate
Legal Agreement
The next step involved drafting of a legal agreement. You need to make sure that the
legal agreement is made on stamp paper and the time period for the registration is
clearly mentioned in it.
Registration
After legal agreements, the attorney of property registration will be making a final deed.
Now you need to do required stamping and proceed with the registration of the final
deed at the sub registrar’s office. For this, you need to be physically present at the office
along with 2 witnesses. After this, you need to submit payment receipt and documents
will be allotted to you within 30-60 minutes.
Bindaas Pproperty offers you - property - everywhere in India
6. The Registration Steps for Sale Deed
If you possess a sale deed, then you need to follow below mentioned steps to register
your property:
Important Details
The first step starts with providing the required details that are applicable to your
property. Such details include:
Date of property purchase
Property transfer issues
Document of legal ownership
Receipts of Property Taxes and water bill payments
Clearance certificate
Legal Agreement
The next step involved drafting of a legal agreement. You need to make sure that the
legal agreement is made on stamp paper and the time period for the registration is
clearly mentioned in it.
Registration
After legal agreements, the attorney of property registration will be making a final deed.
Now you need to do required stamping and proceed with the registration of the final
deed at the sub registrar’s office. For this, you need to be physically present at the office
along with 2 witnesses. After this, you need to submit payment receipt and documents
will be allotted to you within 30-60 minutes.
Bindaas Pproperty offers you - property - everywhere in India