This is the main and most inportant piece of paper. Sale Deed must be delivered in unique as it lays out the responsibility for of the property. You really need to registered the Sale deed in the Sub-Registrar’s Office of the region where the property is found.
1. The as a matter of first importance step is to learn the title of the individual, who claims the property according to the most recent Sale deed/gift deed, and so on, For this, the main way is to apply for and get the EC (Encumbrance Certificate) on the web or disconnected at the concerned Sub Registrar’s Office. Typically, it is acquired to cover around 30 years. It will follow the various exchanges of proprietorships or home loans or rents if any.
2. Acquire from the imminent merchant of the property, every one of the first records and Xerox/guaranteed duplicates of specific archives, where they are lawfully permitted, and hand them over to a legal counselor to hear his point of view over the veracity of the title too the actual reports.
It would be better in the event that the legal counselor is the one from the boards, supported by any bank/monetary organization.
3. When the title of such vender is legitimate, clear, and attractive, get the new Sale deed arranged, iSalely by any bank board advocate or supported/authorized stamp merchant. As a favorable to individuals measure, the Revenue Department of the Punjab Government has arranged 19 Drafts/Templates of different archives connecting with registredment of properties; you might download and utilize, liberated from cost, such records from the site www.revenue.punjab.gov of Registration and Stamps Department.
4. The new Sale deed should be on the stamp papers/of required worth or success sheets, appropriately e-stepped. The stamp obligation will be determined on the accompanying rates on the Sale thought.
| Ownership | Gender | Stamp Duty | Registration Fee |
|---|---|---|---|
| Singe | Man | 7% | 1% |
| Singe | Woman | 5% | 1% |
| Joint | Woman + Woman | 5% | 1% |
| Joint | Man + Woman | 6% | 1% |
| Joint | Man + Man | 7% | 1% |
5. In the first place, sign something very similar on every one of the pages and correspondingly get the equivalent endorsed by the vender/s. Any place required, attach “for seal “on the off chance that any of the vender or purchaser is an organization or firm or society.
Likewise, get the reality of Power of Attorney noted close to the mark, any place pertinent. In like manner, get the deed seen by two people, alongside their addresses, properly filled in the last page of the Sale deed. The purchaser needs to guarantee that the Power of Attorney is as yet in force as of the date of enlistment and has not been renounced till then, at that point.
6. Every one of the three people, for example the purchaser, merchant, and the observers, should visit simultaneously the concerned office of the Sub Registrar in whose locale the specific party is arranged or the District Registrar alongside the first and Xerox of the personal ID/Address ID for every one of them.
7. Produce the records and IDs to the staff at the workplace and go about according to their directions like marking specific registers, kept up with by them, joining thumb impression, taking photos. Assuming any Sale thought still needs to be paid, the purchaser should surrender the DD of the equivalent to the Saleer within the sight of the Registrar. Additionally, the Registration expenses, help charges, sticking expenses (Rs.200 per archive) should be paid in real money or DD.
The help charges are according to the accompanying sections:
The facilitation charges are as per the following slabs:
| Consideration | Facilitation Charges |
|---|---|
| Upto Rs. 10,00,000 | Rs.1,000 |
| More Than Rs. 10,00,001 But Equal to or Less Than Rs. 30,00,000 | Rs.3,000 |
| From Rs.30,00,001 And Above | Rs.5,000 |
8. Subsequent to confirming and being happy with the archives, thought, expenses, and charges paid, the recorder will sign the concerned request for registrant. The course of enlistment will ordinarily finish up around the same time, besides under any inescapable conditions, when it might stretch out to the following working day. Further, on the off chance that fundamental, he might hold the archives for field visits and just request registredment.
You ought to guarantee that every one of the concerned records for new activities in Mohali are introduced for enlistment to the concerned office of the Sub Registrar inside four months from its execution date. On the off chance that it isn’t feasible for substantial dire circumstances or unavoidable conditions, the District Register might excuse the deferral and award an additional four months after installment of the recommended fine.
9. After enlistment and subsequent to examining every one of the reports connecting with the private ventures in Punjab, the Sub Registrar will return them to the concerned party.
For the online property registration process,
i- Access the website www.igrpunjab.gov.in launched by the NGDRS (National Generic Document Registration System) of Department of Land Resources, Government of India.
ii- Read all the guidelines to be hassle-free at the time of entering the details for registration, as per the following steps/prompts:
Register on the website if you happen to be a new user, furnishing all the login credentials.
Fill in all the details correctly
- General Info
- Details of residential projects in Punjab and their Valuation
- Details of Parties; set one of the parties as a presenter
- Witness
- Payment
- Calculation of appropriate Stamp duty
- Pre-Registration Summary
- Upload Files in PDF form within the specific size (KB/MB) for each document
- Submit the data, finally
- Appointment
iii- Visit the concerned Sub Registrar’s office at the scheduled time and submit in person the printout of the appointment/acknowledgement slip and also the uploaded documents to the Sub Registrar Office.
iv- The rest of the procedures are as outlined above.
The documents required for registration of new projects in Mohali are usually as follows:
- Encumbrance Certificates, up to date, for each of the Kharsa Number, comprised in the property. The real estate developers in Punjab will readily have the same.
- Original sale deed, duly signed by all concerned.
- Details of the property containing the survey number/s, including subdivisions, if any, length and breadth, area or size of the land, details of boundaries/ adjoining lands, details of building like concrete or asbestos or shed, plinth area, availability of well, FSI (Floor Space Index), etc.,
- Evidence as to the payment of stamp duty, registration fee facilitation charges, pasting fees, mutation charges
- Property card/ Kharsa
- Latest property tax
- Deed/Document to be registered (in case of partition or settlement or gift etc.).
- Map/ Topo sketch of the land – residential projects in Punjab
- Approval by the concerned authority like Directorate of Town and Country Planning
- Proofs of Identity and address of each of the buyer, seller and witnesses like ADHAAR Card, Voter ID, Ration Card, PAN CARD and some more documents, issued by the State or Central Governments like Pension Payment Order, MNREGA (Mahatma Gandhi Employment Guarantee ) Job Card, etc. If the concerned parties indicated in the document do not have a valid Permanent Account Number (PAN), a declaration, as follows, has to be attached, i.e. Form 60 by parties who have made cash transactions or Form 61 by parties who have their source of income only through agriculture and do not have taxable income from other sources. (vide Rule 114 of Income Tax Rules, 1962).
- Valid Power of attorney (if the property is to be sold or purchased by real estate developers in Punjab or if the seller or buyer is in a foreign country, etc)
- Valuation Certificate given by the Tahsildar concerned (as per the requirements)
- In certain circumstances, other documents like the following would also be insisted:
- Death Certificate of the registered owner
- Legal Heirship Certificates
- No Objection Certificate will be obtained from the legal heirs.
- Parent documents
- Persons entitled to execute a sale deed Persons in whose name the property/ land is registered
- Those who are legal heirs of the deceased landowner.
- Authorized signatory, in case of companies, partnership firms, societies, etc.
- Power of attorney. Generally, the real estate developers in Punjab will have this.
- Any of the above parties or claimants, i.e. the beneficiary, may present the documents for registration.
The following Central and State Acts are to be meticulously complied with followed:
- Registration Act, 1908
- Punjab Registration Rules, 1988
- Indian Stamp Act, 1899
- Punjab Stamp Rules, 1952 and
- Amendments to the same made from time to time.
In respect of any residential projects in Punjab State registered in the concerned Sub Registrar’s office, the title of the buyer of the property starts only on and from the date on which it is registered.
To confirm the registration has been complete, you may apply for an Encumbrance Certificate the day next to the date of registration and verify that your name is registered as the purchaser.
The process of registration of gift and settlement deed is more or less the same except in respect of Stamp Duty, which the Punjab State Government has completely waived off.
When the sale is registered, the concerned parties may approach the Revenue Inspectors in case of mutation at the level of Gram Panchayat or Block and Land Reforms official at the level of Panchayat or district magistrate of the concerned district or block and submit the Mutation application or the www.plrs.org.in the official website of Punjab Land Records Society.