XA

Thursday 14 August 2014

DOCUMENTS TO BE PRODUCED AT THE TIME OF REGISTRATION

Bangalore property|2bhk apartments for sale in bangalore|flats|lands for sale in Bangalore


At the time of registration of the properties, varied documents are needed to be created at the Sub-Registrar's workplace.List of such documents might vary on the idea of the character of the property.In general,the subsequent square measure the classifications of documents, that square measure needed to be created at the time of registration:
a) An official document stating the dealings isn't offensive of the provisions of Section 22A of Indian Registration Act. 

b) Extract of the assessment Register for the aim of valuation of the property (Form No19 if the property comes inside Municipal space or type No. 9 and 10 just in case of panchayath area). 

c) If the property comes inside the limits of Corporation Khatha Certificate, Katha Extract and Latest Tax paid receipt.

d)Form No.1 prescribed below Karnataka Stamp(prevention of below valuation) Rules.

e) Permanent Account No (PAN) issued by taxation Department or Declaration in type No.60 or 61 if the worth of the property to be registered exceeds Rs 5.00lakhs and wherever payment is created fully or part in money.

Agricultural land:
The sale and buy of agricultural land has several restrictions and in and of it several documents conformist to the requisites are needed for registration that is mentioned below:
a)Two copies of official document stating that the dealings isn't offensive of Section 22 A of Indian Registration Act.

b)Two copies of official document regarding owning agriculture lands.

c)If the property is granted land or of occupancy rights operative from Tahsildar.

d)Declaration below section 81 A of Land Reforms Act.

e)Form no.1 prescribed in Karnataka Stamp (Prevention of below valuation).

f)Permanent Account No (PAN) issued by taxation Department.

g)Declaration in type 60 or 61 if the worth of the property to be registered is quite Rs 5lakhs and wherever payment is totally or part through money.

h)'J' Form.

i)Purchaser's pahani.

j)Copy of the RTC referring to the Property to be registered.

Apartments:
The following are the documents needed to be created before the Sub-Registrar, at the time of registration of living accommodations.
a)Katha referring to the total land.

b)Tax paid receipt for the entire land.

c)Plan sanctioned by the Competent Authority.

d)Floor arrange.

e)Form no.1 prescribed in Karnataka Stamp (Prevention of below valuation).

f)Two copies of affidavit stating that the dealings isn't offensive of Section twenty two A of Indian Registration Act.

Stamp Duty and Registration Charges:
Stamp duty needed to be procured the property coming back inside the boundaries of Corporation or a Municipality is eight.96% on the entire sale thought mentioned within the Sale Deed or on the value of the property, whichever is higher. For the properties that falls on the far side the boundaries of Corporation or CMC, the tax needed to be collectable is 9.04%.

Registration charges collectable for the registration of the properties, regardless of its nature are 18 on the sale thought or the value, whichever is higher. With the exception of the higher than, scanning charges has got to be paid, which can usually be between Rs.400 to Rs.800.

Scanning of Documents:
After Telgi Scam, usage of Stamp Papers is prohibited in Karnataka. In various, a pair of Rupees Document sheet is created obtainable to the general public issued by the govt Department, who can got to take print out either in such Document sheets or may also use written report for identical. At the time of presenting such document for registration before the Sub-Registrar, details regarding the Vendor/s, Seller/s, tax and registration charges needed to be paid, are going to be recorded within the laptop, alongside the photos of the Vendor/s, Seller/s and willing Witness/s, if any. Further, name of the person distinguishing the Vendor/s also will be recorded within the laptop. afterward, print out of all the small print of the Vendor/s, Seller/s and willing Witness/s, if any recorded within the laptop, alongside their signatures, are going to be taken on the rear facet of the Sale Deed and when the Sub-Registrar signs on such sale deeds, details regarding the document variety, CD No and alternative relevant details are going to be keep within the Sub-Registrar’s workplace.

Registration of the documents opposition the general public policy:
The Government of Karnataka has declared that registration of sure documents is opposition the general public policy that is listed below:
a) Agreement to sell, sale, gift, exchange, mortgage lease or assignment of that occupancy rights are granted below Chapter III of Karnataka Land Reforms Act 1061, in dispute of restrictions obligatory below Section sixty one of the aforesaid act and relevant rules.

b) Any agreement to sell, sale, gift, exchange or otherwise of land in far more than ceiling limits prescribed below Section 63 or 64 of Karnataka Land Reforms Act and in dispute of Section 74 of the aforesaid act and relevant rule.

c)Agreement to sell, sale, lease, mortgage with possession or otherwise of any agricultural land to an individual, family, joint family with associate degree assured annual financial gain of Rs.40lakhs or a lot of from non agricultural supply in dispute of section seventy four of Karnataka land Reforms Act and relevant rules.

d) Agreement to sell, sale, lease, mortgage with possession or otherwise of any agricultural land to instructional, religious, charitable establishments, society, trust, company, association alternative body of people, cooperative society apart from cooperative farming society in dispute of section 79B of Karnataka land reforms Act subject to exceptions provided.

e) Agreement to sell, sale, gift, lease, mortgage with possession or otherwise of any agricultural land granted below Karnataka land grant rules subject to restriction obligatory on sale, transfer and specific use obligatory there below.

More,

No comments:

Post a Comment