People often get confused in all the legalities and terms that float around when it comes to property buying or selling. Since there are many processes that need to be followed and many formalities to take care of, it is human to get confused even in the simplest terms. Let us understand what is the difference between registration and mutation. These are the two most common terminologies used in the process of buying and selling of real estate. I will try to make it simple for you to understand.
Difference between registration and mutationParameter | Registration | Mutation |
Meaning | Registration is the process of transfer of the property from one party to another |
Mutation is the process of change of owner name in the records of local municipal bodies |
Importance | The complete ownership of the property is transferred to the buyer and no transaction can happen on the said property without his/her consent |
The mutation process allows the change of name in government records so that property tax, electricity bill, water bill, etc. can be transferred in the name of the buyer |
Execution | The registration happens after execution of sale deed |
To perform property mutation you need to have property registration papers |
Documents Required | Title deed EC and CC Building approval plan Government ID Tax receipts Utility bills receipts |
Copy of registration/ title/ sale deed Indemnity bond Copy of government approved ID Previous property tax payment receipts Copy of power of attorney or succession certificate or death certificate of the owner |
I hope this table clarifies your doubts around difference between registration and mutation
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Real estate investments typically come with the necessary documentation process. Following the registration of the property, one important step that you must complete is a property mutation in government documents. Let's get into more detail about the mutation of property and registration. I will help you with the best of my abilities to understand the difference between the two.
Get your property paperwork done carefully through assistance of experts at NoBroker Draft the sale agreement through NoBroker for a hassle-free experience.What are registry and mutation?
In general, registration is the process of officially transferring the buyer's name to the titles of land ownership. On the other hand, the procedure of registration is followed by mutation. Receiving a land mutation means that the registration has been accurately documented in the revenue documents. While registration does grant the title of ownership and serves as evidence of it, this is not true in cases of mutation.
What does mutation of land meaning?
The act of changing ownership of property involves transferring the "Title" to the new owner. The modification of property tax also indicates that the new owner of the property will start out by paying the necessary property tax. The process of shifting title ownership from one party to the next when a property is sold or transferred is known as property mutation, or "Dakhil Kharij" in Hindi.
This is all you need to know about the mutation of property.
Read More: Can you sell the property without mutation? How to correct name in mutation certificate? How to get mutation paper of your flat?Your Feedback Matters! How was this Answer?
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What is difference between registration and mutation?
Naina
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2021-08-13T14:30:32+00:00 2023-04-13T17:51:28+00:00Comment
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