{"id":6513,"date":"2021-10-26T08:19:58","date_gmt":"2021-10-26T08:19:58","guid":{"rendered":"https:\/\/www.lifestylehousing.in\/blogs\/?p=6513"},"modified":"2024-02-16T10:11:08","modified_gmt":"2024-02-16T10:11:08","slug":"everything-you-need-to-know-about-property-registration","status":"publish","type":"post","link":"https:\/\/www.lifestylehousing.in\/blogs\/everything-you-need-to-know-about-property-registration\/","title":{"rendered":"Everything You Need to Know About Property Registration"},"content":{"rendered":"

Buying property is one thing, but registering it is what truly makes it your own home. When investing in <\/span>flats in Chennai<\/span>, you gain legal rights to the property only after you register it in your name.\u00a0<\/span><\/p>\n

Due Diligence:<\/h3>\n

Before venturing to register the property, you need to verify the authenticity of the documents presented by the seller. If you are buying a new home like <\/span>apartments in Chennai<\/span>, then the documents are likely to be digitised. In the case of buying a pre-owned home, older properties only have hard copy documents, which can easily be forged.\u00a0<\/span><\/p>\n

To avoid getting scammed, it is advisable to employ a legal advisor. They will assess the documents and certify them of their authenticity before you undergo the registration process.\u00a0<\/span><\/p>\n

Accurate Documents and Demand Draft:<\/h3>\n

The property registration can be rejected based on errors in the documents or stamp duty demand draft that is not made out to be the accurate amount. Each state has a different stamp duty structure. There is also some relaxation and discounts for women, in an effort to include them in the property ownership.\u00a0<\/span><\/p>\n

You should check the stamp duty rate for your particular circle, which has been issued by the state government. The demand draft has to be made out to that exact amount. Besides the stamp duty, there is also the registration fee, which is usually placed at 1% of the value of the property. Get the actual payable value of the <\/span>flats in Chennai<\/span>, and be prepared to pay the duty accordingly.\u00a0<\/span><\/p>\n

List of documents required for registration<\/h3>\n

Registration of any property requires an extensive list of documents to be submitted. Below is a list of the most vital documents that are compulsory.\u00a0<\/span><\/p>\n