After the registration of the property in the buyer’s name, the mutation process has to be initiated so that the property could be listed against the buyer’s name in the local municipal body’s records. The transfer or change of title entry in the records of revenue at the local municipal corporation is known as mutation. Now that we know
what is the meaning of mutation, let us check this out in more detail here.
The need for mutation or the change in the title ownership may arise due to various reasons. When the original owner dies, the subsequent transfer of the ownership due to succession, mutation is needed. When you receive property as a gift or you buy property through power of attorney, in that case also you need a mutation of the property.
Mutation helps in deciding the tax liability in case of the change in ownership.
For the conversion of leasehold property to a freehold property, sale deed, conversion premium and irrevocable power of attorney is needed. Once the conversion is done, mutation of the ownership title can be done.
Mutation of your land or property has to be done at the municipal body of your area. You can apply for the mutation process online and offline, both ways. In some states, the process is completely online but in some other states, you need to appear physically to complete the process.
So far we have ascertained
what is meant by mutation. Let us check the
documents needed for mutation:
Property mutation application form
Copy of sale deed or title deed
Property tax receipts
Affidavit on stamp paper
Copy of will or succession certificate or death certificate of the owner
Copy of aadhaar card
Indemnity bond
After the application and submission of all required papers, it takes 15 to 30 days to update the records and get the mutation certificate.
This sums up what do you mean by mutation from my end. Let me know if I missed anything.
Read more here: How do I check mutation case status How to get mutation certificate online in KarnatakaI hope you are satisfied with my answer on what is the meaning of mutation.
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What do you mean by mutation?
Janak
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3 Year
2021-11-08T15:26:19+00:00 2021-11-10T10:45:10+00:00Comment
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