If you are here, you must have bagged a property or are going to do so. We are happy for you. Before you move in, there is this crucial process of registering the property in your name. If you have no idea how to do that, worry not! We got your back. We have come up with a step-by-step guide on how to register a property in Chennai and a bonus section that discusses common challenges faced during the process and how to solve them. You will leave this page with everything you need to know about the registration process, from the documents required to the post-registration procedures as a proactive measure.
Understanding Property Registration
The core registration process follows the Indian Registration Act of 1908. Whereas, the Tamil Nadu Stamp Duty Act 2017 defines the smooth transition of property ownership.
Registration is the most vital process when buying a property. Here’s why:
- Registration is a means of getting legitimate ownership records from the government. The registered documents will come in handy in case of disputes and misunderstandings
- The documents will help resolve disputes when someone claims ownership of the property. The court will take the registration documents as an undeniable piece of evidence in court
- A registered property keeps encroachers away and keeps the property from trespassers
- Banks accept registered properties as collateral for loans. Registration makes it easy for you to avail loans
- Selling the property in the future will be easy since it is duly registered. A registered property translates to transparency and legitimacy. Moreover, it attracts more potential buyers. Moreover, transferring properties can be easily done if the property is registered.
Legal Requirements and Documents
Here’s a list of mandatory documents required for property registration in Chennai:
- PAN card
- Government-issued ID card
- Passport-size photo of all the parties
- Stamp duty receipts
- No Objection Certificate (NOC)
- Sale Deed
- Power of Attorney
- Utility and municipal tax bills
- Patta Chitta/ Adangal
- Encumbrance certificate
Step-by-Step Registration Process
Step 1: Due diligence and agreement preparation
Before starting the registration process, take your time analyzing the documents. Check whether all the necessary documents are there. Check the property’s previous ownership and check whether the taxes are paid and are up-to-date.
It is suggested that you involve a lawyer to expedite the process. They are well-versed in real estate terms such as encumbrance certificates and patta chitta adangal, and verify whether the property has any legal complications by analyzing the documents carefully.
Once the lawyers run the basic steps, the next step is to draft a sale deed. The sale deed typically has the following:
- Details of both the buyer and seller, such as contact details, names, and addresses
- A clear description of the property, such as the plot number, size, and unique identifications.
- The amount agreed by both parties to avoid misunderstandings in the future
- Payment terms such as the intervals in which the money should be paid, remaining installments, and the mode of payment
- The sales deed states that the property has been transferred to the buyer on completion of the sale.
Involving a lawyer expedites the process and ensures professionalism.
Step 2: Stamp Duty and Registration Fees
Online method:
Once you are done with the verifications, the next step is paying the stamp duty and registration fees. There are two ways in which you can pay the registration fees, one is the traditional offline payment, and the other is the quick and easy online payment.
- The Tamil Nadu government has mandated 7% of the property value as stamp duty. The payment can be made either by filling out a challan in the register office or online.
- Log on to the e-GRAS portal of the Tamil Nadu government website, then select the state you are in (in this case, Chennai), From the drop-down menu, choose the sale of immovable property option, and carefully enter the details such as the district, sub-registrar office, property value, and the date of the agreement
- Next off, the website will calculate the stamp duty amount to be paid with the details furnished
- Choose the desired payment option (debit card, credit card, or net banking) and make the payment securely
- Once the payment is processed, download the receipt and get a hard copy of the receipt for future reference.
Offline method
If you opt for the conventional way, you can get the required copies of the documents and visit the nearby registrar’s office and request that they calculate the stamp duty for registration. Once the officials verify the documents provided, you will have to pay the fees by filling out a challan provided in the office and making the payment. Once the payment is done, the sale deed has to be signed by both parties in the presence of the office staff.
Upon completing the process, you will be provided with the updated sales deed as proof of ownership.
Step 3: Post-registration Procedures
The sub-registrar’s office will supply you with a duplicate of the document that you will use in the purchase and sale deed. So, this document provides you with concrete evidence of your ownership, and you must keep it quite safe for you to refer to it in the future whenever needed.
Depending on the property type, there might be a case where the patta records read the new ownership. In this case, you can be specific at the sub-registrar’s office to get particular details.
Registration of property only changes ownership rights but still needs to indicate to property tax assessments to do their job. You will need to contact the local municipal corporation and apply for the name transfer process to be able to personally receive your tax bill.
Benefits of Using the Online Portal
While the old method has its worth, online registration comes with the convenience of technology that can take over the markets in Chennai. Here’s how:
- Skip the queues! Online registration makes unnecessary trips to the sub-registrar office and therefore minimizes your time and effort
- The online application reduces the processing time by guiding you through every step. Electronically filling out the forms and scanning and uploading the document is possible.
- No more keeping to the traditional 9–5 workday. The online portal allows you to begin the registration process at any time and from any location.
- Payment gateways on the web, like credit cards, debit cards, and net banking, are the means of making the payment for stamp duty and registration fees safe and transparent.
Common Challenges and Solutions
While the expedited process is explained, without a doubt, glitches might occur during the registration. undefined
- Incomplete Documents: Make sure that you have all the needed documents and that they are correct at least a few days before the event. Ask a lawyer to be on your side and make sure you do not miss a single important document.
- Delays: Make sure you know you might have to stand in lines and wait patiently.
- Legal Complexities: Do not doubt that legal advice should be sought not only to tackle the most complex legal situations but also similar ones. The role of a lawyer includes a hassle-free and safe process.
Through the right preparation in advance and an active approach, you will succeed in registering at the college without problems.
Congratulations!
This tutorial has walked you through the know-how to confidently take the property registration process in Chennai city hurdles-free. Taking registration for the property is the basis of superior and complete ownership, the gratification of legal, rights, and the furtherance of lasting stability to your investment.
Now, we have been through the process of document collection and due diligence, from personalized services and online registration to post-registration procedures. Never be afraid to look forward to expertise. The law can be an unwelcome reality to cope with; therefore, if you feel that you want a legal expert or property registration consultant to consult by seeking their guidance, don’t hesitate to do so.
These procedures, once followed, will enable you to be informed and better empowered to go about registering a property in Chennai. Now you’re well aware of what your rights as a homeowner are, and you can truly feel the pride and let the exciting opportunities follow you and your new house.
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