How to register a property sale deed in Indore?
To register a property sale deed in Indore, Madhya Pradesh, India, you need to follow a detailed process. Here’s a step-by-step guide:
Step 1: Drafting the Sale Deed
Engage a lawyer or seek legal advice to help you draft the sale deed. Ensure that all necessary details of the property transaction are included in the document, such as the buyer and seller’s names, property description, sale price, and terms and conditions of the sale.
Step 2: Stamp Duty and Registration Fees
Calculate the stamp duty and registration fees payable for the property transaction. These charges depend on the property’s value and may change periodically. To determine the current rates, you can visit the website of the Madhya Pradesh Stamp and Registration Department or contact the Sub-Registrar’s office.
Step 3: Payment of Stamp Duty
Purchase non-judicial stamp papers equivalent to the calculated stamp duty amount. Stamp papers can be obtained from licensed stamp vendors or through e-stamping facilities if available in your area. Ensure that the stamp papers are in the buyer’s name. The stamp duty can also be paid electronically, depending on the prevailing regulations.
Step 4: Verification of Documents
Gather the required documents for property registration, including:
a. Original title deed or ownership documents of the property.
b. Previous sale deeds, if any.
c. Encumbrance Certificate (EC) to establish that the property is free from any legal dues or liabilities.
d. Receipts of tax payments (property tax, water tax, etc.).
e. Identity proof and address proof of the buyer and seller.
f. Copy of the approved property layout plan and building plan (if applicable).
Step 5: Visit the Sub-Registrar’s Office
Both the buyer and seller, along with two witnesses, need to visit the Sub-Registrar’s office in the jurisdiction where the property is located. Carry all the necessary documents, including the sale deed, stamp papers, and supporting documents mentioned in Step 4.
Step 6: Document Verification
Submit the sale deed and supporting documents to the Sub-Registrar’s office for verification. The officials will examine the documents to ensure their authenticity, completeness, and compliance with legal requirements. The buyer, seller, and witnesses may be required to provide their fingerprints, photographs, and signatures during this process.
Step 7: Payment of Registration Fees
Pay the applicable registration fees at the Sub-Registrar’s office. The registration fees are typically a percentage of the property’s value, subject to a maximum limit. Obtain the receipt for the payment.
Step 8: Document Registration
After the verification and fee payment, the Sub-Registrar will register the sale deed. The sale deed will be officially recorded, and a unique registration number will be assigned to it. This step establishes the legal ownership transfer of the property from the seller to the buyer.
Step 9: Collection of Registered Sale Deed
Collect the registered sale deed from the Sub-Registrar’s office. This document serves as evidence of your ownership over the property. Ensure that you receive multiple copies of the registered sale deed, as you may need them for various purposes.
Step 10: Update Property Records
After the registration, update the property records with relevant authorities, such as the Municipal Corporation, local tax authorities, and utility service providers, to reflect the change in ownership. This will help ensure a smooth transition of property-related services and obligations to the new owner.
It’s important to note that the exact procedure and requirements for property registration in Indore may be subject to change. Therefore, it is advisable to consult a legal professional or visit the local Sub-Registrar’s office for the most up-to-date and accurate information regarding property registration in Indore.
