If you’re interested in land registration in Mizoram, here’s what you need to know:
Stamp Duty:
Stamp duty is a statutory fee paid to the registrar for registering property-related documents.
In Mizoram, stamp duties are assessed based on the real market value of the property.
Rates vary under the Indian Stamp (Mizoram Amendment) Act, 1996, and the Indian Stamp (Mizoram Amendment) Amending Act, 2007.
Stamp duty rates for residential properties are as follows:
Up to Rs 10,000: Rs 100
Rs 10,000 to Rs 5,00,000: Rs 200
Above Rs 5,00,000: Rs 500
Registration Charges:
Registration fees are controlled on a 1% ad valorem scale, with a maximum of Rs 5,000.
The cost is based on the value of the right, title, and interest involved.
Eligibility criteria for paying stamp duty and registration charges include:
Ownership of the land or property.
Being the legal heir of a deceased owner.
Having authority to sign on behalf of the owner.
Process:
Visit the
LAND REVENUE AND SETTLEMENT DEPARTMENTwebsite for detailed information.
Ensure you meet the eligibility criteria.
Complete the necessary paperwork.
Pay the stamp duty and registration fees.
Register the property at the Sub-Registrar of Assurances’ office.
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What is the process for Mizoram land registration?
ramduhzuala
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2024-07-01T14:07:28+00:00 2024-07-02T10:51:48+00:00Comment
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