A sale deed registration is a legal process that involves formally documenting the transfer of property ownership from a seller to a buyer. Establishing legal ownership is crucial and protects all parties in the transaction. It is what is registered sale deed. Let me share more details with you.
Importance of Sale Deed Registration
Registering a sale deed provides it with legal validity and enforceability. It acts as proof of the transaction and protects the buyer's ownership rights.
Registered sale deeds are recorded in the public registry, making the ownership of the property transparent and verifiable. This helps prevent disputes and fraudulent claims.
Registration is often necessary for tax assessments and compliance with local property laws.
You can get the sale agreement drafted with the help of legal experts at NoBroker. I hope you understand what is sale deed registration.
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Sale deed is a legal document that proves the sale of the property is complete. This document is an agreement between the buyer and the seller regarding the property. The sale deed is registered under the sub-registrar office. The sale deed is considered legal in the eye of law only if it is registered.
Sale deed registration processThere are various steps involved in the sale deed registration process:
VerificationBefore you do a sale deed registration it is important to make sure that the decided amount is paid by the buyer.
The seller must verify that there is no amount due on the property like home loans, house tax, society dues, etc. If left any then the application for sale deed will be canceled.
Stamp duty is a tax that is collected by the government of India for the purchase of a property.
It is calculated based on Guidance Value, decided by the state government as per the location of the property.
Along with the Stamp duty 1% from that calculation, will be taken as sale deed registration charges.
You can make the payment of stamp duty online
https://www.shcilestamp.com/Click on the payment option.
Completing the payment process you are required to take a printout of the online Acknowledgement number.
The stamp duty and registration charges are done based on the calculation of guidance value of the property decided by the state government as per the location of the property. Stamp duty is 5%-7% and 1% from the selling amount of the property.
After submission of stamp duty you will be required to visit your legal expert, He/she will describe the details mentioned in the deed like payment details. A special agreement between the buyer-seller, if any.
The lawyer will attach the e-stamp paper to the deed.
When the documentation process is complete and done with all the formalities, then the final call will be left at the Sub-registrar's office with two witnesses from each party.
You can collect the Resisted sale deed after 15-20 working days.
I have explained everything about Sale Deed Registration and what are the sale deed registration charges.
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What is Sale Deed Registration?
Rafiq
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3 Year
2021-03-23T12:30:00+00:00 2021-04-22T20:10:41+00:00Comment
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