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Skip to the contentIn India, property registration is an extremely important activity for conducting various ownership rights and ensuring clarity in transactions alongside anticipating and safeguarding against future disputes. As technology progresses, it is imperative that property purchasers and sellers grasp how to do property registration online. The inception of online platforms has made this task not only easier, but far more efficient by obviating the need to visit several government agencies for the same.
This guide will cover each and every part of the process starting from the account creation to the registration document downloading while keeping in mind any associated fees as well as stamp duty and trusted developers necessary to pursue these legalities.
As a legal requirement, property registration forms a record of a person’s ownership over a property. According to the Indian Registration Act of 1908, any transfer of property must fulfill the registration requirement to avert legal issues. This helps in ensuring the clarity of ownership and also prevents potential conflicts and scam issues over a property.
When we consider the statistics, more than 80% of property ownership disputes in India originate from insufficient documentation or registration. This emphasizes how important it is that everything is done accurately. With the rise of digitization, knowing how to do property registration online is extremely helpful and saves considerable time.
These days, several states have introduced online property registration systems, which have greatly enhanced the convenience of the process. The following guide is recommended for you:
First of all, on the land records special pages perforated by the Indian Government, check for a site specific to your state. Each state in India, such as Maharashtra, West Bengal, and Karnataka, has a dedicated portal. For instance, the IGR Maharashtra portal contains all the land record documents for Maharashtra, while West Bengal has Banglarbhumi and Karnataka has Kaveri Online Services.
This will ensure that you are free from any fraudulent middlemen because these are the official government pages.
This portal will allow you to register and become one of the CFC users.
Already have an account? Simply log in using your credentials.
Once we have logged in, we can go ahead to the property registration section and enable the online form. Necessary requisites would be:
Most importantly, verify all the provided details before proceeding.
To determine stamp duties and registration fees for your transaction, the portal will come with a pre-installed calculator. Stamp duty as we know it is state specific and assesses the associated property’s worth.
For example, in West Bengal, the stamp duty fee for assets with a maximum of ₹25 lakhs is 5 Percent and for assets that are over ₹25 lakhs, it is 6 Percent.
Make the payments after calculating the respective amounts due. The portal will provide payment options, including net banking, UPI, or credit card. This transaction will remain on record with the assistance of the receipt you will save.
Scan the following documents and upload them with relative ease including:
Follow the set guidelines provided on the portal.
After submitting the application and relevant documents, schedule an appointment with the SRO office of your local sub registrar to verify the documents physically. Select the date and time you prefer from the given available dates.
Biometric verification is made at the SRO simultaneously by both parties. The participants are recorded through fingerprints and photographs to ensure accurate representation of the transaction. Following a competent biometric validation, the registrar will compile the registered materials and provide the one certified for the property.
The last step after identity verification and a successful registration of property at SRO is simply to download the document.
This document validates that you are the legal registered owner of the property under your name.
Also get insights on: Understand the Step-by-Step Process of Flat Registration in Kolkata
There are different charges related to property registration and anticipating them can aid avoiding some extra bills during the latter:
The stamp duty of a property is the higher of a) the transaction value or b) the market value of the property.
Rates vary across states, for instance, the stamp duty for property transactions in Maharashtra is fixed at 5%, while in West Bengal the rates lie somewhere between 5% and 6%, depending upon the property.
This also is almost always 1% of the property value, and it can be fairly claimed it’s the only one which is mandatory across the board.
Servicing charges for online portals.
Fees for document scanning and verification.
Payment services: Using internet banking, UPI, and other digital love. Don’t forget to keep receipts. You pay for the sake of a receipt, if you need one, it is useful, especially in the stage which follows, the verification of documents.
Bear in mind that stamp duty is an important tax that is charged to authenticate property transactions. The assumption that stamp duty is a mere legal formality is misplaced. What determines the amount of stamp duty:
Did you know: Kolkata Witnesses Record 4,200 Home Registrations in June Due to Stamp Duty Rebate
There are advantages in completing property registration online compared to offline completion:
When it comes to property registrations and other legal matters, it is often cumbersome, especially for someone who may be doing it for the first time. This is the area reliable real estate developers come into play.
One such example is Sugam Homes. With over 30 years of legacy defined by excellence and trust, Sugam Homes is a top real estate builder in Kolkata. Our zeal towards innovation and solving customer’s problems puts every buyer at ease when it comes to choosing a home as well as property formalities.
We provide our clientele with expert advice on how to do property registration online midway through furnishing stamp duty, registration fees, and documentation. By combining technology with personal service, our primary goal is to make the transition towards homeownership a pleasant one.
Property registration is an essential step that solidifies your ownership rights and safeguards your investment. By following the online registration process outlined above and understanding the associated fees, stamp duty, and benefits, you can ensure a hassle-free experience.
Choosing a reliable partner like Sugam Homes further simplifies the process, offering you the right guidance at every stage. Whether you’re a first-time buyer or a seasoned investor, knowing how to do property registration online is a valuable skill in today’s digital era. Save time, avoid legal complications, and secure your dream property with confidence.