Section 17 of the Registration Act, 1908 requires all buyers to get their property registered. Although you will ultimately have to make an appointment to visit the sub-registrar’s office, many steps of the property registration process can be completed online, from the comfort of your home.
Digitalization of the registration process eliminates the middlemen and provides for transparency in valuation. You can apply for property registration online, but only in selected states. If you see your state listed here, visit the corresponding website for further instructions on how to do property registration in that particular state.
Note that even for the states listed above, only the following parts of the registration process can be completed online:
- Getting your property’s Encumbrance Certificate (EC) and Completion Certificate (CC)
- Finding out the circle rate in the area to decide the total value of your property.
- Calculating the stamp duty and registration charge amount
- Paying the stamp duty and registration charge online and getting a receipt for the same.
- Making an appointment to visit the sub-registrar’s office for the final property registration
To book an appointment with the sub-registrar, you must pay the stamp duty and registration charges online. And if the value of the deal exceeds Rs. 50 lakhs, the buyer will have to pay 1% TDS on the property value. This TDS must also be paid online but a printed receipt needs to be produced for physical verification.
Additional Read: How to do Registration of a New House?
When you reach the property details section of the property registration process, you will need to enter the following information about the property:
- Movable or immovable property
- Agricultural or non-agricultural
- Residential or commercial
- Revenue district
- Registration district
- SRO office
- Area name/apartment name
- Region type
- Property type
- Property number type
- Property number
Finally, when you complete the online process and make an appointment with the sub-registrar’s office, make sure you keep the following documents ready:
- Duly prepared sale deed on non-judicial stamp papers worth the deal value
- Two passport size photographs on both copies of documents (buyer and seller)
- E-Stamp paper with the right value of stamp duty
- E-Registration receipt of registration fee with an undertaking
- Copy of PAN card
- Original ID proof of all parties (buyer, seller, and witness)
- Receipt of TDS in case property is worth more than Rs. 50 lakhs
Additional Read: What is a Stamp Duty? How to Calculate Stamp Duty Online?
Even though you can complete a significant part of the process online, getting your property registered can still be a complex and cumbersome task. But getting a home loan doesn’t have to be, especially with Tata Capital. We offer attractive home loan interest rates with minimal documentation. With strong after-sales service, years of experience in the industry and over 15 lakh satisfied customers, Tata Capital is the right lender for all your housing needs. Visit our website for more details.