Property registration is an integral part of the home buyers as it is not as simple as it looks. Also, many steps are involved in this process. Home buyers must be aware of those steps and processes in order to easily complete the buying process of the property in Ahmedabad. Thus, it is also recommended to take advice from a real estate agent or broker as they have proper experience and knowledge of this field. Furthermore, if you are going to buy luxurious 4/5 BHK flats in Ahmedabad or a home in Ahmedabad then you can also hire a lawyer to ensure smooth and hassle-free registration of the property. Read the blog carefully to know about the registration of the property step by step:

RERA Registration:

Under section 17 of the Indian Real Estate Registration Act, registering all the documents related to the sell, transfer, or buying of real estate property is essential. The Government of Gujarat also introduced GujRera Act after seeing such rapid growth in the real estate sector, where registration of property is highly essential. This is essential for the buyers to look at as it ensures prevention of the fraud, assurance of the title and conversation of the evidence. If you are looking for RERA registered property in Ahmedabad, then get in touch with “The Storeys” that offers ultra-luxurious 4/5 BHK Flats in Ahmedabad at one of the poshest areas of Ahmedabad.  

Preparation of the final deed by Buyer’s lawyer: 

The final sale deed is actually prepared by the lawyer of the buyer. Here document is embossed on green legal paper where place and date space is blank as it has to be submitted for stamping. This process takes almost a week and the fee of the lawyers is varied but usually it is just one percent of the property price. The buyer also has to pay for the stamp duty at the authorized collection centre of the stock holding corporation or the designated bank of India for the sale deed stamping. Once the payment is completed, the bank gives a receipt and marks the first page with stamp duty received. 

Execution of the final deed:

Next procedure of buying a property in Ahmedabad is executing the final deed at the local office of the Sub-registrar of assurance. This requires the presence of buyer and the seller as well with two witnesses at the office of the sub-registrar. The distinct number is assigned to the buyer once the document is registered after the signature of buyer, seller and witnesses on the stamped deed. After this process, the document is presented to the reader of the sub-registrar of assurance for scrutiny and indicates the fee required for registration. All the documentation is returned to the buyer once the procedure is done. 

Required documents for property registration:

• Duplicate copy of the documents is required to be registered
• Two passport size photos of buyer, seller and witnesses
• Photo identity proof: Aadhar card, Driving license, Voter’s ID etc.
• Copy of the latest registration of the property
• Copy of the municipal tax bill to know when the property was constructed.
• Copy of the pan card of both the seller and buyer
• Signature and thumb impression of buyer and seller

Apply for the mutation of the Title Deed:

Mutation refers to the change in title ownership from one person to another when property is transferred or sold. This is a very essential step in buying or selling real estate property in Ahmedabad. This is also essential for the new owner to get the property registered in his/her name in the land review department. In addition to that, it helps the government to levy property tax from the right owner. The application for mutation can be completed at the land record department or at the office of city survey. The entire process of registering property takes around one month. 

Read also: 7 Things to Look for Before Buying a Property

The Effect Of Non-Registered Property

The owner of the house can’t exercise the legal rights when the person doesn’t have property registered. Neither the previous owner nor the present owner has the right to do anything from the property until it is not fully registered. In this scenario, power is not given to anyone and they both have to undergo the legal laws and regulations. Therefore, it is advised to get the property registered on time so that legal action can be taken against the person if required. The Storeys is offering RERA Registered 4/5 BHK property in Ahmedabad at one of the poshest areas of Ahmedabad which is Vaishno-Devi circle. 

“The Storeys” provides 4 BHK flats in Ahmedabad, which you can also convert to 5 BHK Flats as it is spacious and luxurious. Experience living at the abode of one of the exclusive and luxurious flats in Ahmedabad that claims to be as unique as you. Get in touch with us immediately to book your place before it gets sold out.