Kerala Property Registration: Purchasing A Property In God’s Own Country

Last Updated at: April 27, 2020
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Kerala Property Registration_ Purchasing A Property In God’s Own Country

An individual has to make several critical financial decisions throughout their life. One of the most important investments and the decision is Purchasing a house. Purchasing your own house is like achieving a milestone. Imagine purchasing a property in God’s Own Country- Kerala. Sounds magnificent, right? Being a hub of both commercial and residential land, the property in Kerala is in demand. However, before making a hefty investment, one must do a thorough market analysis to avoid any financial failures. One can get the Kerala property registration completed through the registration department Kerala, by following the right procedure. 

  1. Indian registration act
  2. Benefits of Kerala property registration
  3. Documents required for stamps and registration in Kerala
  4. Procedure for property registration

Indian registration act

The registration department Kerala does the registration of the immovable property as per section 17 of the Indian Registration Act, 1908. According to this act, the sale of immovable property, a lease exceeding 12 months with a value of ₹100 or more, must register under this act. Additionally, the property registration charges in Kerala vary depending on the property. Moreover, one can do the stamps and registration for the Kerala property registration through the online portal easily. 

Benefits of Kerala property registration

The Kerala registration serves the following purpose and benefits:

  • The Kerala registration of the property makes the document a permanent public record.
  • Anyone can get a copy of the document and even inspect the record.
  • The Kerala registration allows informing the public about transferring property in the buyer’s name.

Documents required for stamps and registration in Kerala

According to Kerala land registration rules, the documents required for stamps and registration include:

  • Ownership proof
  • Original sale deed, assessment, or mutation (copy)
  • Identity proof of the individual (Aadhar card, ration card, voter card, driving license or PAN card)
  • No objection certificate (NOC)
  • Witness’s ID proof
  • Map Plan of the property
  • Photography of the land/property

Register Your Property

Procedure for property registration

Planning to purchase a property in Kerala already? But, before that, you need to follow certain Kerala land registration rules and the right procedure to avoid getting carried away in any trap. These include:

Choosing the right property

You need to consider several factors including the location, budget, tenure, and even the loan plan. So, the first step is choosing the right property, fitting all your requirements.

Taking legal advice

It is important to consider all the Kerala land registration rules to get a clean chit in terms of all legal formalities. Moreover, this makes it essential to take the right advice from the lawyer or real estate experts.

Encumbrance certificate

With a validity of 30 years, it is one of the most important documents during property registration. Similarly, after the submission and approval of documents along with Kerala land registration charges, the Kerala registration department issues the encumbrance certificate. You can get this certificate from the Sub-registrar’s office.

Signing the agreement

The buyer and the seller sign a legal agreement about the property registration in the presence of witnesses. Additionally, they mention all the details about the property in it, along with the Kerala land registration charges. Moreover, the agreement includes the stamps and registrations. In case anyone cannot follow the agreement, they will have to face legal penalties.

Agreement registration

To get the registration for agreement, one needs to pay the Kerala land registration charges. After this, any buyer can avail of the details of this agreement. Along with the property registration charges in Kerala, one also has to sign the stamp duty.

Land’s fair value

One can get the stamp paper from the state treasury. The current property registration charges in Kerala are at 8% for the stamp duty irrespective of the area. One will also have to pay some additional charges. After this, depending on the category of the land, one can get the fair value of the land. The sell value cannot be less than fair value.

Drafting of the sale deed

You can get the sale deed drafted by an advocate or by an experienced professional. 

Registration of the land

After the drafts and encumbrance certificate, get the property registered at the Sub-registrar’s office. Additionally, pay the charges according to the Kerala land registration charges. After this, one can get the final document in a few weeks.

Property mutation

After you complete the procedure, it is essential to get property mutated to change the revenue records. Therefore, this is done by submitting the essential documents.

Property tax

The last step involves the payment of property tax for the property bought.

Conclusion

Purchasing a property is a crucial decision, and so is the registration process. By following all the above-mentioned steps, you can easily get your property registered in Kerala. 

 

 

 

 

 

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Kerala Property Registration: Purchasing A Property In God’s Own Country

1137

An individual has to make several critical financial decisions throughout their life. One of the most important investments and the decision is Purchasing a house. Purchasing your own house is like achieving a milestone. Imagine purchasing a property in God’s Own Country- Kerala. Sounds magnificent, right? Being a hub of both commercial and residential land, the property in Kerala is in demand. However, before making a hefty investment, one must do a thorough market analysis to avoid any financial failures. One can get the Kerala property registration completed through the registration department Kerala, by following the right procedure. 

  1. Indian registration act
  2. Benefits of Kerala property registration
  3. Documents required for stamps and registration in Kerala
  4. Procedure for property registration

Indian registration act

The registration department Kerala does the registration of the immovable property as per section 17 of the Indian Registration Act, 1908. According to this act, the sale of immovable property, a lease exceeding 12 months with a value of ₹100 or more, must register under this act. Additionally, the property registration charges in Kerala vary depending on the property. Moreover, one can do the stamps and registration for the Kerala property registration through the online portal easily. 

Benefits of Kerala property registration

The Kerala registration serves the following purpose and benefits:

  • The Kerala registration of the property makes the document a permanent public record.
  • Anyone can get a copy of the document and even inspect the record.
  • The Kerala registration allows informing the public about transferring property in the buyer’s name.

Documents required for stamps and registration in Kerala

According to Kerala land registration rules, the documents required for stamps and registration include:

  • Ownership proof
  • Original sale deed, assessment, or mutation (copy)
  • Identity proof of the individual (Aadhar card, ration card, voter card, driving license or PAN card)
  • No objection certificate (NOC)
  • Witness’s ID proof
  • Map Plan of the property
  • Photography of the land/property

Register Your Property

Procedure for property registration

Planning to purchase a property in Kerala already? But, before that, you need to follow certain Kerala land registration rules and the right procedure to avoid getting carried away in any trap. These include:

Choosing the right property

You need to consider several factors including the location, budget, tenure, and even the loan plan. So, the first step is choosing the right property, fitting all your requirements.

Taking legal advice

It is important to consider all the Kerala land registration rules to get a clean chit in terms of all legal formalities. Moreover, this makes it essential to take the right advice from the lawyer or real estate experts.

Encumbrance certificate

With a validity of 30 years, it is one of the most important documents during property registration. Similarly, after the submission and approval of documents along with Kerala land registration charges, the Kerala registration department issues the encumbrance certificate. You can get this certificate from the Sub-registrar’s office.

Signing the agreement

The buyer and the seller sign a legal agreement about the property registration in the presence of witnesses. Additionally, they mention all the details about the property in it, along with the Kerala land registration charges. Moreover, the agreement includes the stamps and registrations. In case anyone cannot follow the agreement, they will have to face legal penalties.

Agreement registration

To get the registration for agreement, one needs to pay the Kerala land registration charges. After this, any buyer can avail of the details of this agreement. Along with the property registration charges in Kerala, one also has to sign the stamp duty.

Land’s fair value

One can get the stamp paper from the state treasury. The current property registration charges in Kerala are at 8% for the stamp duty irrespective of the area. One will also have to pay some additional charges. After this, depending on the category of the land, one can get the fair value of the land. The sell value cannot be less than fair value.

Drafting of the sale deed

You can get the sale deed drafted by an advocate or by an experienced professional. 

Registration of the land

After the drafts and encumbrance certificate, get the property registered at the Sub-registrar’s office. Additionally, pay the charges according to the Kerala land registration charges. After this, one can get the final document in a few weeks.

Property mutation

After you complete the procedure, it is essential to get property mutated to change the revenue records. Therefore, this is done by submitting the essential documents.

Property tax

The last step involves the payment of property tax for the property bought.

Conclusion

Purchasing a property is a crucial decision, and so is the registration process. By following all the above-mentioned steps, you can easily get your property registered in Kerala. 

 

 

 

 

 

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