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How to register a property in Chennai?
Posted on: 11/Sep/2018 9:51:22 AM
Are you a new property buyer? First of all, we wish you good luck. Uh, there must be too many legalities you’re currently going through. Worry not, here we’ve articulated the most vital element – the property registration where most new buyers tend to stumble.
How is a property registration actually done?
Thoroughly inspect the property – as the first and foremost step, get the property thoroughly inspected. Check it carefully and diligently. Getting help from a lawyer or experts in property niche is recommended. Upon completing the preliminary inspection, you can consider sale agreement or negotiation in terms of pricing.
Draft the sale deed – once the inspection is done as stated above, draft a sale deed. It should be on a stamp paper (whose worth depends on the registration charges imposed on the property). For this, an advocate or licensed document writers can help.
Property registration – considering Chennai, property registration can be done in 4 months of completing agreement of sale. Hence, after buying the property, you will have to pay the stamp duty and registration charges. Now, it has to get registered with the Registrar office or Sub-registrar office where you had purchased the property.
