Introduction
Property registration is the most critical stage of buying a new property in Chennai. Registrations provide legal ownership and a shield from potential disputes in the future.
In this blog, we will be discussing the different steps and documents required for registering a new property.
Documents Need to For Your New Property Registration
1. Identification Proof
The first step of property registration involves the provision of valid identification proof for both the buyer and the seller. The documents that are usually accepted for this purpose are government-issued ID cards like Aadhaar, PAN card, passport, or driving license. These documents ensure the verification of the parties’ identities in the transaction.
2. Sale Deed
It is the most important document that forms part of the selling registration process. The document legally indicates that the property from the seller is transferred to the buyer. The legal professional should draft it. The description of the property, sale price, and terms and conditions of sale are mentioned.
3. PAN Card
It requires a PAN card, that is, a Permanent Account Number, for both the buyer and seller. It also tracks the financial transaction and is required for taxation. The PAN card ensures that transactions in property are made accurately and according to law.
4. Passport-Size Photos
Identification photos of the selling party and the buyer, passport size, which are normally used in the registration process for the parties to be identified are submitted.
5. Stamp Duty Receipts
Stamp duty is the registration amount to be paid against the property in Chennai. The stamp duty must be paid by the buyer, and a receipt should also be received as evidence of payment. The amount of stamp duty differs according to the value of the property and its location.
6. NOC (No Objection Certificate)
No Objection Certificate from the concerned authorities confirms that there are no legal disputes or encumbrances in the property. This ensures a clear property document with no legal issues, in which it can be registered without any complication.
7. Power of Attorney (POA)
A POA may be required if the buyer or seller cannot be present at the time of registration in some cases. The POA grants authority to a representative to act on behalf of the buyer or seller in the registration process.
8. Utility and Municipal Tax Bills
Utility bills, such as electricity and water, and municipal tax bills are required to prove ownership and usage of the property. Such documents must assure the buyer that this is a used property and that the seller has discharged the taxes applicable on such property.
9. Encumbrance Certificate
This encumbrance certificate issued by the sub-registrar’s office ensures that a property is clear of any legal dues or mortgage. The certificate issued will guarantee that no financial liabilities can be raised over the property in question.
10. Patta Chitta and Adangal
Patta Chitta and Adangal are the revenue department-issued documents. The Patta Chitta and Adangal also confirm the ownership of the property and its boundaries. They are necessary to prove the legal status of the property and get the registration.
11. Witness Proof
There must be two witnesses during the registration process of the property. The witnesses will issue their identification proof and sign the registration documents, which will ultimately verify the transaction.
12. Finalising the Registration
All the documents that are required for the process will be collected. The buyer and seller should go to the sub-registrar’s office to file a registration process. The documents will be verified, and the registration fee will be paid. After that, the stamp of registration will be provided, and the documents will be offered to the buyer.
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Conclusion
A new property registration in Chennai is made by various important documents so that it would not lead to future disputes on the ownership. It is important to get your property registered legally so that your property doesn’t have to go through strenuous trails and hardships.
FAQs
1. What documents are needed for property registration?
Identification proof, sale deed, PAN card, passport-size photos, stamp duty receipts, NOC, utility bills, Encumbrance Certificate, Patta Chitta, and witness proof.
2. What is the role of the sale deed in property registration?
The sale deed is a legal document that transfers ownership of the property from the seller to the buyer.
3. How long does the property registration process take?
This task can be executed within a single day if proper arrangements are being made and booking is done way in advance
4. Are property registrations in Chennai compulsorily required?
This is compulsorily required just to make this property rightfully owned, and disputes should not pop up again over it.
5. Can I get property registration online?
Some Indian states offer online property registration services, but the verification would still be done physically at the sub-registrar office.
