8 easy steps to property registration

Registration completes your ownership of a property. Therefore, it is crucial that you understand the process thoroughly before you shift to your new address. Here are the steps to follow for registration of your

property

, to become a lawful owner of your home:

1. Calculate the value of your property keeping in mind the circle rate of the area where you have bought your property. Your stamp duty will be calculated on the basis of circle rate.

2. Buy non-judicial stamp paper of the value after calculating the stamp duty. This is collected on the basis of property value at the time of registration. This amount varies from state to state and also property type – old or new. Before finalising your property deal, you must know about this cost.

3. The stamp papers are prepared by putting in writing all details about the property and the property transaction. The subject matter varies from transaction to transaction.

4. The buyer has to approach the Sub-Registrar’s Office with two witnesses to complete the registration process.

5. All parties involved in the registration process must carry their documents including photos, identity proof and the relevant property papers.

6. At the time of registration, ensure that your name, address and other details are printed correctly. These can be corrected at a later stage as well but will come at a price. A legal expert can help you take care of all the nitty-gritties of the documents and the registration process.

7. Joint owners, whose names are mentioned in the property, should be present at the time of registration. Keep your money safe and do not entertain anyone randomly besides the person you have appointed to complete the process. These days you need to just go to the lawyer’s office that your builder has appointed for you and complete the process. The cost may be higher but it is a smooth process.

8. Once the sale deed is registered you will get a receipt of the payment you have made. This receipt will help you collect the sale deed within the next 10-20 days.