Kerala revenue department will request Aadhaar details for payment of property taxes as it prepares to launch Unique Thandaper Number (UTN), which will streamline land or property documents. As a result of the process, authorities will be able to determine how much land a person possesses. The decision was made during the state's golden jubilee celebration of the Kerala Land Reforms (Amendment) Act, 1969.
Embarking on property ownership in Kerala requires a vital step – property registration. This process not only legally solidifies ownership but also serves as a crucial document for various transactions. Understanding the nuances of Kerala Property Registration becomes pivotal for individuals venturing into real estate. From residential havens to commercial spaces, this introduction unravels the significance of property registration in Kerala, shedding light on the indispensable journey of transforming a piece of land or a structure into a legally recognized and secure asset.
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.
- Indian registration act
- Benefits of Kerala property registration
- Documents required for stamps and registration in Kerala
- Procedure for property registration
Indian registration act
According to section 17 of the Indian Registration Act, 1908, the registration department of Kerala registers immovable property. Under this act, the sale or lease of immovable property with a value of more than ₹ 100 must be registered. Furthermore, the Kerala property registration can be easily done online through the portal.
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 Property 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
Procedure for Kerala 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
It is a crucial decision to purchase a property, and the registration process is no different. A well-defined registration process requires some important documents and formalities to be completed. In Kerala, you can easily register your property by following the above-mentioned steps. Please contact our team if you need any assistance
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