When you buy a property or when the transfer of ownership on a property happens, you have to complete the mutation process as well. But what is mutation? Mutation is the process of change of owner name in the records of local municipal bodies which reflects in utility bills such as electricity and water bills and property taxes as well. Applying for a mutation certificate is important for real estate owners to record their name in the municipal body’s records and revenue department. Now that you know what is mutation certificate of land let us also look at the importance of this certificate and other relevant information.
Importance of mutation certificateAs mentioned above, mutation certificates play an important role at the time of property transfer. Here is a detailed outlook at its importance.
A mutation certificate helps the government to arrive at the tax liability when change of ownership happens
It also helps to make corrections in official records with the local municipality and revenue department in case there are any mistakes
It is one of the documents which certifies the proof of ownership of the property
This is
what is a mutation certificate. Let us now understand how much time it takes to obtain a mutation certificate. A mutation certificate is generally issued within 15 days to 30 days time by the municipal authorities if everything sits well after applying for it.
Read more here: What do you mean by mutation How do I check mutation case status How to get mutation certificate online in KarnatakaShifting, House?
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Authors Of The Question
What is mutation certificate?
Pooja
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3 Year
2021-11-09T16:30:48+00:00 2021-11-09T17:23:34+00:00Comment
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