In order to legally acquire ownership of an apartment in Mumbai, you must buy the property, register a "sale deed" with the sub-registrar's office, and make sure you have the necessary documentation, such as an encumbrance certificate attesting to the property's legality. You must also update municipal records by completing the "mutation" process to reflect your ownership status and adhere to any applicable housing society regulations.
How to Hold of Ownership Flat in Mumbai?
The key documents required are as follows; sale deed, encumbrance certificate, khata certificate, property tax receipts, and so on. The basic steps involved in this process are as follows;
Due diligence: Make sure there are no encumbrances or legal conflicts by carefully examining all property documentation, including ownership titles.
Making the Sale Deed Draft: Make sure the sale document appropriately identifies the property and includes the buyer, seller, and property data.
Sub-Registrar registration: Pay the required stamp duty based on the property valuation and submit the sale deed to the sub-registrar's office for registration.
Mutation procedure: To update property records with your name as the owner, start the mutation procedure at the local municipal corporation as soon as you register.
To hold of ownership flat in Mumbai, it is necessary that you get assistance from legal experts throughout the process. They have the expertise to conduct legal due diligence, and assist in the property documentation process.
Read More:
Is it necessary to hire a legal advocate to prepare sale agreement ?
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How to hold of ownership flat in Mumbai?
Sudhir
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2 Year
2023-04-27T09:17:50+00:00 2023-04-27T09:17:51+00:00Comment
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