If you have decided to buy a new flat in Bangalore, then you might be wondering how to carry out the registration process. These days in case of new flats, the builder provides a team of relationship managers, who make the entire process a breeze. There are several consultancy services in Bangalore which guide you with all the registrations and paperwork. You can simply search for ‘Property Document Registration Consultants’ on Google or JustDail and you will find several options near you. You can also refer to the below list:
1. You’ll have to check the encumbrances by visiting the Sub-Registrar of Assurances’ office:
This can be done by looking at the Title Deed. You might have to go to the Sub-Registrar of Assurances’ office to check the authenticity of the documents. You will also have to enquire about any type of mortgages and loans that are pending.
2. Prepare for Final Deed
This procedure is taken care of by the buyer’s lawyer. He/she will get an embossed document on a green legal paper with the date and blank space for stamps. The lawyer’s charges are additional from that of the paperwork.
3. Payment of Stamp Duty
After you get the embossed documents, for stamping the sale deed, you have to pay the stamp duty at the designated bank or authorized collection centre of the Stock Holding Corporation of India. The charges vary with respect to each state.
4. Final Procedure of the final deed at the local office of Sub-Registrar of Assurances
Both, the buyer and the seller’s presence is required with two witnesses at the sub-registrar’s office near your property locality.
5. Applying for the Mutation of the Title Deed
The mutation of the Title Deed is nothing but the transfer of the title deed from the seller to the buyer. You will have to visit the office of the City Survey and Land Records Department and fill in the application prescribed. This process usually takes one month’s time
You can also consult a lawyer who will help you with property documents checks before buying a flat in Bangalore.
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Is there any reliable company in Bangalore that will take care/ guide of all the registrations and paperwork when someone is buying a new flat ?
itsankush
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2020-08-07T15:00:34+00:00 2020-12-15T11:54:19+00:00Comment
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