Online Property Registration in India 2023

How Can I Register my Property Online in Delhi ?

Property registration is the process of legally recording ownership rights to a piece of real estate with the appropriate government authority. It involves the transfer of property title from one party to another, typically through a sale, inheritance, gift, or other means.

Here are the general steps involved in property registration:

Documentation: Both the seller (transferor) and the buyer (transferee) need to gather all necessary documents related to the property, including the sale deed, previous deeds, encumbrance certificate, property tax receipts, identity proofs, and other relevant paperwork.

Stamp Duty Payment: Stamp duty is a tax levied by state governments on property transactions. The buyer must pay stamp duty based on the property’s value. The stamp duty is usually calculated as a percentage of the property’s sale price. The stamp duty payment is made on a non-judicial stamp paper.

Registration Fee Payment: A registration fee is charged for registering the property with the government. This fee varies from one state to another.

Visit to Sub-Registrar’s Office: Both parties must visit the sub-registrar’s office, along with two witnesses, for the registration process. The sub-registrar verifies the documents and ensures that all legal requirements are met.

Execution of Sale Deed: The sale deed, also known as the conveyance deed, is executed by the seller and buyer in the presence of witnesses. This document contains details of the property, sale consideration, and terms and conditions of the sale.

Verification and Signatures: The sub-registrar verifies the identity of the parties and witnesses and checks the documents for any discrepancies. Once satisfied, all parties sign the sale deed.

Registration: The sale deed is then registered with the sub-registrar. The registration process involves entering details of the transaction into the government’s records, along with the payment of stamp duty and registration fees.

Issuance of Registration Document: After registration, the sub-registrar issues a registration certificate and a certified copy of the sale deed to the buyer. The original sale deed is retained by the sub-registrar for official records.

Mutation of Property: After registration, the buyer should apply for mutation of the property in their name with the local municipal authorities. Mutation is the process of updating the land revenue records to reflect the new ownership.

Property registration is crucial as it provides legal recognition of ownership rights and helps prevent disputes over property ownership in the future. It also ensures that the government can levy property taxes and maintain accurate land records.

How can I register my property online in Delhi ?

Property registration in Delhi typically involved physical presence at the sub-registrar’s office. However, the Delhi government has been working on digitizing various services, including property registration, to facilitate online transactions and reduce the need for physical visits.

Here are the general steps you can follow to register your property online in Delhi:

Visit the official website: Go to the official website of the Department of Revenue, Government of Delhi, or the website of the Revenue Department of the Delhi government to check if online property registration services are available. These websites may provide information on the online registration process and any required forms.

Create an account: If the online property registration service is available, you may need to create an account on the website. Provide the required details to register your account.

Fill out the registration form: Complete the online registration form with accurate details about the property transaction, including the buyer’s and seller’s information, property details, sale consideration, and other relevant information.

Upload documents: Scan and upload all the necessary documents related to the property transaction. These documents may include the sale deed, identity proofs of the parties involved, property tax receipts, and other supporting documents.

Payment of stamp duty and registration fees: Pay the stamp duty and registration fees online through the designated payment gateway on the website. The stamp duty amount is typically calculated based on the property’s value.

Verification and approval: Once you submit the registration form and documents online, the authorities will verify the details provided and approve the registration application.

Receipt of registration documents: After successful registration, you will receive the registration certificate and other relevant documents electronically. Make sure to download and save these documents for your records.

Mutation of property: After online registration, you may still need to apply for mutation of the property in your name with the local municipal authorities. This process may require separate documentation and verification.

It’s essential to check the specific procedures and requirements for online property registration in Delhi on the official government websites or by contacting the concerned authorities directly. Additionally, keep in mind that the online property registration system may undergo updates and changes, so always refer to the latest information available.

What is the Cost of Property Registration in Delhi ?

The cost of property registration in Delhi includes various fees and charges, such as stamp duty, registration fee, and other applicable taxes. These costs can vary depending on factors such as the property’s value, location, and type of transaction. Here’s a breakdown of the typical costs involved in property registration in Delhi:

Stamp Duty: Stamp duty is a significant component of property registration costs. It is a state-level tax levied on property transactions. The stamp duty amount is calculated based on the property’s value, and it varies depending on the property type (residential, commercial, agricultural, etc.). In Delhi, the stamp duty rates may be revised periodically by the government. As of my last update, stamp duty rates in Delhi ranged from around 4% to 8% of the property’s value.

Registration Fee: In addition to stamp duty, there is a registration fee charged for registering the property with the government. The registration fee is separate from the stamp duty and is typically a fixed amount. In Delhi, the registration fee is generally nominal compared to the stamp duty.

Miscellaneous Charges: Apart from stamp duty and registration fee, there may be other miscellaneous charges associated with property registration, such as document preparation fees, scanning fees, and any other administrative charges imposed by the government or service providers.

Legal Fees: While not a mandatory cost for property registration, some individuals may choose to hire legal professionals, such as lawyers or conveyancers, to assist with the documentation and legal aspects of the transaction. Legal fees can vary depending on the complexity of the transaction and the services provided.

Service Charges: If you opt for any online property registration services or assistance from authorized service providers, there may be additional service charges associated with using their platforms or services.

It’s important to note that the actual cost of property registration in Delhi can vary based on individual circumstances and the specific details of the property transaction. It’s recommended to consult with legal professionals or visit the official website of the Revenue Department, Government of Delhi, for the latest information on stamp duty rates, registration fees, and other applicable charges. Additionally, you can inquire with the sub-registrar’s office for a detailed breakdown of costs related to property registration in Delhi.

LuXia’s Property Registration Services in Delhi for NRI and Overseas Citizens of India includes Property Registration Service so as to fastrack and facilitate the entire process. LuXia’s property managers ensure the successful Registration of your property with complete credence and safety. Our team of property lawyers is backed by years of experience thereby delivering maximum client safety. We carefully work on the complete process from document inspection to meeting with the local registrar.

LuXia will help you to get the registration on your behalf in India. You need not travel or spend time on this tedious process by using our Property Management Services.

We provide Expert property law services to ensure that our NRI clients are directed in the right direction and are not unnecessarily harassed by the government officials.

Our Residential Property Management professionals can guide you in registering the Sale Deed or Gift Deed or any other deed for your property at the corresponding jurisdictional Sub-Registrar’s Office. We will walk with you throughout the process and have our managers/ property lawyers guide you or your chosen Power of Attorney holder. Since NRIs cannot be physically present for registration, therefore we can help them by acting as their Power of Attorney.

1.We will share the list of documents needed for the property registration beforehand. And there after our team will assist in verification the documents. To be doubly sure our property lawyers will re-verify the documents and check for the suitable registration fees and stamp duty charges.

2. Our property managers will also help you in a timely arrangement of the payment methods (DD) for the registration and stamp.

3. Our well equipped team also helps you on TDS deduction, wherever it is applicable.

4. NRIs or homeowners who stay away from their property and cannot make a visit to sign the required documents can get particularly benefited by our service. We help our clients in preparing Power of Attorney (POA) for your chosen member to represent you on this matter. Additionally, it is important to know that for NRIs particularly, adjudication of POA is mandatory.

Our property manager and property lawyer will be physically present with you or your chosen POA holder during the complete registration process. We will accompany you throughout the entire process to ensure effortless registration of your residential property.

Online Property Registration in India 2023

According to Section 17 of the Registration Act of 1908, it is mandatory to register the transfer of property in India. The registration and transfer of real estate in India is governed by this Act. Because the person in whose name the property is registered is the rightful and legal owner of the property, registration is required. Several factors come into play when registering a property. The registration is subject to stamp duty. Since each state has its own registration laws, the registration procedure is determined by the state in which the property is situated.

Read More

8-Step Guide to Register Your Property in India

An essential step in buying a home is registering the property. The registration process is arguably the most challenging of the stages required in buying a home.

Any transaction you undertake toward buying an immovable property must be registered under Section 17 of the Registrations Act of 1908 if the property is valued at more than $100. Therefore, registering the property at the sub-office registrar’s is always required when purchasing a home.

There are numerous legal issues and paperwork to deal with while Property Registration in Delhi. When registering a new property, there can be no room for error, and it is crucial that every home buyer strictly abide by the current rules and regulations to avoid getting into difficulty later.

property registration in delhi

First-time house buyers may find the rules and paperwork associated with the home registration procedure in Delhi to be incredibly perplexing. Therefore, seeking guidance from a seasoned broker or real estate agent is always advised. To ensure a simple and trouble-free flat registration process, you might also choose to hire an attorney..

Make a list of all the paperwork related to your property registration. The process of purchasing a new home is not complete until all the necessary paperwork is in order.

Here is a step-by-step instruction on how to register real estate in India and take legal possession of your home:

Step 1: Determine the value of your property using the local market pricing for similar properties.

Step 2: You must now evaluate the discrepancy between the circle rate and the final pricing. Whichever of the two prices is higher would be significant when it comes to paying stamp duty.

Step 3: You must now buy non-judicial papers for the sum you determined through estimation.

Step 4: Purchase the stamp papers offline or online. While e-stamps can be purchased online, these papers can be purchased via authorised stamp retailers. Stamp duty can be paid through the Collector of Stamps, or if it has already been paid, documentation must be provided.

complete-guide-for-plot-or-land-registration

Step 5: You must now have the stamp papers with the deep made and entered. Depending on the type of transaction—a sale, mortgage, lease, power of attorney, etc.—the subject matter can alter.

Step 6: The parties to the transaction must now go to the Sub-Office Registrar’s with two witnesses in order to get the deed recorded. Each participant in the procedure must have their pictures, identification documents, and other necessary items. The deed must be maintained on hand, together with two photocopies and the original copy.

Step 7: You obtain a receipt following the selling deed’s registration. One needs to return to the Sub-Office Registrar’s in around two to seven days after that in order to obtain the sample deed.

Step 8: After getting the original deed registered, you can also get it certified by using the Registrar’s Office’s registry information and the date..

These are the eight stages you must complete in total to register your property. Visit our website at www.theluxia.com for more such fascinating analysis and information about property management.

Benefits of property management

The benefits of hiring property maintenance services providers are manifold. First, because property managers add value to your rental property investments, many veteran property investors suggest working with them.

Let us now study the various benefits landlords can enjoy while choosing to go with rental management companies.

  • Trustworthy tenants

With a property management company, you can be assured of the quality of tenants. A property management company in Delhi NCR follows a reliable verification process that helps to sift out tenants who pay rent on time and rent out for the long term.

  • Avoid legal hassles

By working with the top-ranking rental property management companies, you can avoid legal headaches, which is the case if you have bad tenants. The best property managers are well-versed with the property laws and can protect you from getting entangled in legal disagreements in cases of bad tenants.

  • Lower Maintenance Charges

If you work with a property management services Gurgaon company, you can use the firm’s in-house maintenance workforce for the general upkeep of your property. In turn, you save money that otherwise you would end up spending on hiring an external maintenance team.

  • Assured Rent Collection

Another benefit of working with a property management company is that you need not worry about rent management and collection. The property managers have you fully covered with the power to apply lease policies in cases of difficult tenants.

  • Retain the value of your property

A well-established rental property management company helps to maintain the value of your property, too. Property managers have several years of expertise and can help in detecting maintenance problems during the early stages.

Now, by conducting the mandatory repair works on time, you prevent the issues from worsening. In the process, you save expenses of more extensive and costlier repair works that you otherwise would need to complete at a later stage.

Preventive maintenance is key to maintaining and raising your property value when you rent your property. As part of preventive maintenance services, property managers carry out maintenance checks and inspections regularly and report efficiently.

The best NRI property management companies also provide valuable suggestions on whether you should opt for upgrades or modifications to increase your potential rental values.

  • Representative for tenants

As a landlord, you do not want to deal with tenant issues. Here, you have to appoint the property management company in Delhi to deal with any tenant issues on your behalf.

Besides handling tenant complaints, property managers give detailed reports to the landlords. As a result, you do not have to get directly involved in the process and can get more free time to devote to other, more important matters.

  • Reduce tenant turnover

One of the advantages of property management services also lies in the fact that property management companies can help in reducing the tenant turnover rate. Tenants may also be willing to pay higher rent (if the landlord demands) if they are sure of the quality of services.

About LuXia LLP

We at LuXia have been managing properties of NRI and other clients for several years now. So, if you want to save yourself the trouble of scouting high-quality tenants and property maintenance jobs, only approach us.

We have a reliable screening process to get you good tenants who do not cause much wear and tear to your property or pose undue problems.

Contact us today to know about our best property management deals!

contact@theluxia.com |   +91 9810505543

Should you go ahead with your home-buying plans soon after the Covid-19 lockdown?

The real estate experts suggest understanding the impact of the Covid-19 pandemic before your property buying expeditions.

Buying a home imposes financial burdens on investors since they have to cough up money for the down payment and pay EMIs every month for several years. And the Covid-19 epidemic only adds to property investors’ woes.

Now, if you were planning to purchase a home this year, the unexpected turn of events may have left you wondering how to go about your plans from now onwards.

However, you should first understand how the pandemic affects the real estate market.

Real Estate Sector against the Covid-19 pandemic backdrop

For some time now, the realty sector has been tackling a credit crisis, slackening economy, and rising inventories. And, with the recent Coronavirus epidemic, the scenario seems to become grimmer.

Owing to the nationwide lockdown, most construction activities were halted. And many laborers were seen returning home due to uncertain times ahead. As a result, the construction industry has to grapple further with labor shortage in the near future. This will lead to disruptions in the recovery course of the real estate sector.

To complicate things further, several developers have taken large-scale loans. And, if they cannot redeem their value, they will be dealing with a liquidity crisis soon enough.

Having said that, the government recently advised the state governments and union territories to prolong by six months the property registration process and deadlines of all certified projects which will expire on or before March 25th, 2020. Also, they must comply with the stipulated instructions without any separate applications for further easing the stress of property developers.

Additionally, the Reserve Bank of India announcement to slash repo rate by 40 basis points to 4% will offer some relief to the developers. However, no clarity of when the realty sector will recover is yet coming forth.

The pandemic crisis from the Home-buyers’ standpoint

Conversely, if you’re a current home-buyer who has taken possession of your property and your income sources have not been affected due to the Coronavirus pandemic, then you stand to gain.  Because home loan interest rates will touch new lows owing to the RBI’s latest repo rate cute notification.

The groups who are servicing a repo rate-linked loan can expect their EMIs to subside soon. On the other hand, those people who are servicing MCLR-based loans may have to wait for some time until the lender resets such loan rates.

Plus, lenders have been instructed by the Central bank to extend the loan moratorium option to borrowers by an extra 3 months. In turn, the borrowers can manage their finances more efficiently amid these extraordinary times.

Even so, you must note that this EMI holiday is not a waiver but only a repayment deferment. Besides, interest rates will continue getting accrued during these 3 months. In the process, your EMI burdens will start mounting – particularly, if you’ve recently started repaying your home loan.

Your best bet is to go for this facility only if you’re having financial troubles. Also, if you plan on availing this option, make sure you have a sustainable plan to prepay the accrued interest during the moratorium after the expiry of the EMI holiday.

Moreover, the government’s initiative to extend the deadline of the Credit Linked Interest Subsidy Scheme (which comes under the Pradhan Mantri Awas Yojana) to March 31st, 2020, could realize the home-buying aspirations of middle-class families amidst the ongoing economic hardships.

As part of this scheme, families having annual household incomes in the range of 6 lakhs to 18 lakhs per annum are eligible to avail the benefits of an upfront interest subsidy up to Rs 2.35 lakh on the approved home loan for one more year.

Nonetheless, if you have not yet taken possession of your property, you have to wait for some time because of construction lags. And if you’re looking to purchase a home, you might be better off with a developed property as compared to one that is under construction. Further, you could get better offers because the latest developments can drive property rates to go down shortly – many experts and property managers say so.

However, if you’re equipped to take some risks (including delayed completion or other market-linked ones), then you can consider investing in under-construction projects. Only be on the safer side by checking the builder’s record, credentials, financial holdings, RERA property registration, and bank partnerships before finalizing your plans.

So, how should you move ahead?

Keep in mind that the Covid-19 crisis will lead to property registration delays and other clearances. More so, since people are losing income sources, they may not be able to pay EMIs.

Simultaneously, the post-Covid-19 era will witness a fall in property prices because of low loan interest rates. Thus, prospective homebuyers should consider all related aspects thoroughly and take practical decisions.

Finally, if you’ve purchased a property recently or intend doing so after easing of lockdown norms, you may not want to delay purchasing a home-loan insurance policy or term insurance policy – so, you’re well covered. Talk to your property management company, real estate advisor, or financial planner for they can help to draw viable strategies.

LuXia can help you!

We are a property management company in Delhi NCR catering to the end-to-end property needs of home owners who have their property in India. If you are stuck with your property possession, or property registration, or rental property management, or interior designing, our property management services can help you.

contact@theluxia.com |   +91 9810505543

 

Latest Bollywood Release Gulabo Sitabo helps to better understand how property management services can benefit you!

The benefits of using a Property Management Company are manifold. By watching the latest Bollywood movie Gulabo Sitabo, you can learn that how by not hiring property managers, you run the risk of losing your property. More so, you can know how to increase the rental values of your property by availing property management services.

The term ‘Gulabo Sitabo’ originates from conventional glove puppet theatres of Uttar Pradesh in North India. Also, the show has two heroines namely Gulabo and Sitabo. Sitabo is the jaded and overburdened spouse. And Gulabo is the enticing mistress of Sitabo’s husband.

Just like both protagonists Gulabo and Sitabo are constantly at loggerheads with each other, Mirza and Rastogi are wrangling throughout the movie ‘Gulabo Sitabo’.

By using our property management services and with our property manager being a single point of contact for you and your tenant we can help you avoid those uncomfortable conversations and dealing. In fact it helps a lot to use professional services both – as a landlord and as a tenant to avoid any disputes and for a comfortable “renting”.

GulaboSitabo – The Movie

Shoojit Sircar deserves applause for making people familiar with the intricacies of tenant and landlord relationships through this film.

The movie hovers around Fatima Mahal, which is a dilapidating mansion or Haveli in Lucknow.The owner of Fatima Mahal is Mirza’s wife, Fatima Begum, who is portrayed by Farrukh Jaffar. Amitabh Bachchan essays the role of Chunnan Mirza Nawab, who is the husband of Fatima Begum. And Mirza longs for the death of his wife so he can gain complete control of the haveli.

The rooms of Fatima Mahal are leased to several tenants; most of whom do not pay enough rent. One of the tenants of the haveli is Baankey Rastogi; Ayushman Khurana portrays his role.

However, Mirza and Rastogi are always squabbling. Because Rastogi fails to pay his long-overdue rent and comes up with different excuses for not coughing up the money every time; even though, Rastogi pays lesser rent than the other tenants.

Plus, Rastogi is constantly nagged by Mirza to clear the dues. Then, one day, in a fit of anger, Rastogi kicks the wall of a toilet block that comes tumbling down. This enrages Mirza and he demands Rastogi bear the wall repair charges. Expectedly, Rastogi refuses to meet Mirza’s demands, leading to legal tangles between them.

How LuXia could have helped Mirza (The Landlord)

Now, Mirza would have benefited; if he had availed Luxia services that come under the property management of landlords.

Here’s how:

  • Upon hiring our property maintenance services, his property would have been well-managed and maintained and, in turn, his toilet wall would not have collapsed.
  • With proper knowledge of property legal services and transfer of title, he would stand to benefit by taking the necessary action to save his property
  • Property managers would’ve helped maintain the requisite documentation of property papers
  • Property management service companies could’ve conducted verification of his property documents
  • Drawn a legal rental agreement between the tenant and landlord, mentioning the duration of stay and monthly rent charges
  • Been aware of how the tenants were planning to usurp his property and taken steps to thwart their devious plans
  • Developed better rent management skills, while charging higher rent, to avoid the tenants taking advantage of the situation
  • Hired interior designers to remodel the haveli and, thus, gained from higher rental values
  • Through property registration services, and via legal channels, he may have salvaged the mansion

Save your “Fatima Mahal” by using our Property management Services

So, we have seen how Mirza lost his ‘Fatima Mahal’ because he did not avail the benefits of professional property management services. Do not be like Mirza, smarten up and save your property from being taken advantage of.

Call us now and let us discuss how our property managers can help you reap rich dividends with our viable solutions.

contact@theluxia.com |   +91 9810505543