Contract paper of transfer of real estate is necessary.
Whenever you are planning to buy a house or flat, before that you should make special preparations for your documents. If you finalize a property, then obviously it will also be registered. Actually, registration is mandatory in many transactions related to the purchase of expensive residential units and plots etc. According to Housing.com, according to Section 17 of the Registration Act 1908, registration of sale of any real estate is necessary if it costs more than Rs 100. According to the news, it is obvious that if no real estate can be purchased in 100, then the registry is necessary.
Which documents are necessary
The registry of the house may require documents other than PAN and Aadhaar. It depends on the situation. These include documents related to the gift of real estate, without a will or economic transactions that are related to the sale of real estate worth more than Rs 100, lease for one year or more, the contract paper of transfer of immovable property is required for the motives described in Section 53-A of the Property Transfer Act of 1882, the contribution of real estate.
In addition, you may be in special circumstances in special circumstances the requirement of a will, the documents of the earlier transaction, the previous transaction document, the court order paper, sales certificate (in case of auctioned property), morgase agreement, documentation of division by the revenue officer etc.
Documents have to be given in the registrar’s office
The documents related to the house, which have to be registered, have to submit it to the office of the Deputy Registrar or Registrar. For registration, the presence of two witnesses along with a seller and authorized signator of the buyer is also mandatory. At the time of registration, the signators have to bring their ID proof together. Aadhaar card, PAN card, or any other government identity card is considered valid.
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