According to Section 17 of the Indian Registration Act 1908, it is necessary to register your property with all valid documents to property registrar to prove your ownership on that particular property. If you are failed to show the registered documents, or registrar could not able to recognize your documentation, then according to Section 49 of the Indian Registration Act 1908, you have no right on the particular property. In other words, the law does not recognize unregistered owner and does not give him any rights over the property.
How to register -
To register your property, it depends upon, if you purchased that property directly from builder or developer, or, you have purchased that property from third party.You have to submit the actual stamp duty according to the actual price of the property.It takes 7- 15 days at the registrar office to get your property registered. The registration documentation should also have to mention its previous owners details if the property is purchased from the third party .
Don't pay money in Cash -
According to Ind Act 1908, it is illegal to pay price of the property through cash. The total cost of the property should be payable by CHEQUE or DEMAND DRAFT that makes its correct value to pay total token fees for the documentation. If you pay or take any of the part of the total price of property by cash, then it comes under the black money, which is illegal.
I will post more things about property acts and property maintenance ahead in this blog. So please visit that blog regularly and subscribe yourself so that you can get better updates.
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