Hey Pal,
Canada, the UK, and numerous East European nations all use the Torrens Title System. In the Torrens title land transfer and registration system, a state assists in establishing and maintaining a registry of land holdings. You now understand what is Torrens title meaning. I'll explain how it operates in India at the moment;
Consult NoBroker’s Verified Lawyers if You Need Help in Checking Property TitleThe fact that there is no "central" registry and each deed serves as evidence of title raises the risk of forgeries and incidents of land fraud, which is a major problem with this process.
A central registry receives a direct registration of title under the Torrens system. Every land piece would need to be identified, and entered into a register, and the owner would need to be mentioned as part of this procedure. But the title becomes a legitimate ownership document, and the state takes over custody of all land and title documents. If the landowner wishes to sell, this certificate will be sufficient for all requirements.
This concept is supported by some in India because it could increase openness in land records and land purchase-sale transactions. To create a digital database for land records, the government had also developed a draught of the "Land Titling Bill 2011" in this respect. Currently, this measure has been postponed.
However, after understanding what does Torrens title mean, I would highlight the advantages of the same;
less fraud
Extra openness
Property identification
accurate documentation of the history of the transactions
I would like to conclude here as I believe this suffices your query about the Torrens title meaning.
Read More:
How to Find the Land Registration Number? How to Register Property with Land Registry? What is Land Registration ID in PM Kisan?Your Feedback Matters! How was this Answer?
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What does Torrens Title Mean?
Pratibha
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2022-08-27T09:31:44+00:00 2022-08-27T09:31:45+00:00Comment
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