Wednesday 16 November 2016



DOCUMENTS TO BE PRODUCED AT THE TIME OF REGISTRATION:

                                                   

At the time of registration of the properties, various documents to be produced at the Sub-Registrar's office. List of such documents may vary on the basis of the nature of the property. In general, the following are the classifications of documents, which are required to be produced at the time of registration:

a) An affidavit stating the transaction is not violative of the provisions of Section 22 A of Indian Registration Act. 

b) Extract of the assessment Register for the purpose of valuation of the property (Form No19 if the property comes within Municipal area or Form No. 9 and 10 in case of Panchayat area). 

c)If the property comes within the limits of Corporation Khatha Certificate, Katha Extract and Latest Tax paid receipt.

d)Form No.1 prescribed under Karnataka Stamp (prevention of under valuation) Rules

e)Permanent Account No (PAN) issued by Income Tax Department or Declaration in Form No.60 or 61 if the value of the property to be registered exceeds Rs 5.00lakhs and where payment is made completely or partially in cash.

Agricultural land:

The sale and purchase of agricultural land has many restrictions and as such many documents conforming to the requisites are required for registration, which are mentioned below:

a)Two copies of affidavit stating that the transaction is not violative of Section 22 A of Indian Registration Act.

b)Two copies of affidavit about owning agriculture lands.

c)If the property is granted land or of occupancy rights NOC from Tahsildar

d)Declaration under section 81 A of Land Reforms Act.

e)Form no.1 prescribed in Karnataka Stamp (Prevention of under valuation)

f)Permanent Account No (PAN) issued by income Tax Department

g)Declaration in form 60 or 61 if the value of the property to be registered is more than Rs 5lakhs and where payment is completely or partially through cash.

h)'J' Form

i)Purchaser's pahani

j)Copy of the RTC pertaining to the Property to be registered 



Apartments:

The following are the documents required to be produced before the Sub-Registrar, at the time of registration of an apartment.

a)Katha pertaining to the total land.

b)Tax paid receipt for the total land.

c)Plan sanctioned by the Competent Authority.

d)Floor Plan.

e)Form no.1 prescribed in Karnataka Stamp (Prevention of under valuation)

f)Two copies of affidavit stating that the transaction is not violative of Section 22 A of Indian Registration Act.

Stamp Duty and Registration Charges:

Stamp duty required to be paid for the property coming within the limits of Corporation or a Municipality is 8.96% on the total sale consideration mentioned in the Sale Deed or on the Market Value of the property, whichever is higher. For the properties that falls beyond the limits of Corporation or CMC, the Stamp Duty required to be payable is 9.04%. 



Registration charges payable for the registration of the properties, irrespective of its nature is 1% on the sale consideration or the market value, whichever is higher. Apart from the above, scanning charges has to be paid, which may generally be between Rs.400 to Rs.800.

FOR MORE:
2BHK Apartments in Bangalore,
Bangalore property,
Realestate in Bangalore,
 

No comments:

Post a Comment