The process of registering a cancellation deed in India involves the following steps:
Drafting the Cancellation Deed: The first step in the process is to draft a cancellation deed. This deed should clearly state the reason for cancellation and provide all the relevant details of the property being canceled, such as the property identification number, location, and boundaries. The cancellation deed should also include the names and addresses of all parties involved in the cancellation, including the property owner, the person or entity canceling the registration, and any witnesses.
Stamp Duty Payment: The next step is to pay the stamp duty for the cancellation deed. The stamp duty is calculated based on the value of the property being canceled, and the rates may vary from state to state.
Notarization: Once the stamp duty has been paid, the cancellation deed should be notarized by a notary public. This is done to verify the identity and signatures of the parties involved in the cancellation.
Registration: The final step is to register the cancellation deed with the relevant Sub-Registrar. This is done to make the cancellation official and public. The parties should submit the original cancellation deed along with other required documents, such as proof of identity, proof of address, and proof of payment of stamp duty.
How to cancel the registry?
Akhilesh awasthi
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2023-09-22T09:15:22+00:00 2023-09-22T09:15:24+00:00Comment
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