How to register a sale deed in Indore?
To register a sale deed in Indore, you need to follow a specific procedure. Here’s a step-by-step guide on how to register a sale deed in Indore, Madhya Pradesh, India:
Step 1: Drafting the Sale Deed
You should first prepare a sale deed that includes all the necessary details of the property transaction. It is advisable to seek legal advice or engage a lawyer to assist you in drafting the sale deed to ensure it complies with the legal requirements.
Step 2: Stamp Duty and Registration Fees
Calculate the stamp duty and registration fees payable for the property transaction. These charges vary based on the property’s value and are subject to change, so it’s essential to check the current rates. The Sub-Registrar’s office can provide you with the applicable rates.
Step 3: Verification of Documents
Ensure that you have all the necessary documents related to the property, 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.
Step 4: Paying Stamp Duty
Purchase non-judicial stamp papers equivalent to the calculated stamp duty amount. You can obtain these stamp papers from licensed stamp vendors. The stamp duty can also be paid through e-stamping, which is available in some states. Ensure the stamp papers are in the buyer’s name.
Step 5: Visit the Sub-Registrar’s Office
Both the buyer and seller, along with two witnesses, should 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 3.
Step 6: Submission and Verification
Submit the sale deed and other relevant documents to the Sub-Registrar’s office. The officials will thoroughly verify the documents for authenticity, completeness, and adherence to legal requirements. The buyer, seller, and witnesses may be required to provide their fingerprints, photographs, and signatures for the registration process.
Step 7: Payment of Registration Fees
Pay the registration fees at the Sub-Registrar’s office counter. The registration fees are usually a percentage of the property’s value, subject to a maximum limit.
Step 8: Document Registration
Once the documents and fees are verified and accepted, the Sub-Registrar will proceed with the registration process. The sale deed will be entered into the official records, and you will receive a copy of the registered sale deed with the registration details and unique document number.
Step 9: Collection of Registered Sale Deed
After the registration process is complete, collect the registered sale deed from the Sub-Registrar’s office. This document serves as evidence of your ownership over the property.
Step 10: Post-registration Process
Ensure that you update the property records with the relevant authorities, such as the Municipal Corporation, local tax authorities, and utility service providers, to reflect the change in ownership.
It is important to note that the exact procedure and requirements may vary over time or due to specific circumstances. Therefore, it is advisable to consult a legal professional or visit the local Sub-Registrar’s office for the most up-to-date information and assistance during the registration process.
