Seal the Deal: A Step-by-Step Guide to Selling/Purchasing with Confidence | Process of buying property in India





Here's a general overview of the process:

1. Agreement to Sell/Purchase:

An "Agreement to Sell" form will be signed by both you and the seller once the purchase of your new apartment is complete. The sale's terms are outlined in this document, together with the sale price, the date of possession, and any other pertinent details.   

2.Title Verification:

It is necessary to confirm the property's title before continuing with the registration. This include verifying the property's ownership history, removing any encumbrances that may be present, and making that the seller is authorized to sell the property. 


3.Stamp Duty Payment:

Stamp duty is a tax that must be paid on the greater of the property's sale agreement value or market value. The sum changes from one state to the next. Before registering the property, you must pay the stamp duty.

4. **Registration Document Preparation**: 

The selling deed and other essential paperwork must be prepared as part of the registration process. These documents are typically written by a lawyer or advocate.

5. **Visit to Sub-Registrar's Office**: 

Along with the seller and two witnesses, you must visit the regional sub-registrar's office in charge of the area where the property is located. The witnesses must have valid identification.

6. **Document Submission and Verification**:

The Sub-Registrar's Office must receive all registration documentation, including the sale deed, identity documents, and other necessary paperwork. The registrar will review the documentation and, if necessary, might ask for any more information.

7. **Biometric Verification**:

The parties involved can be subject to biometric verification in some states. To ensure the legitimacy of the transaction, this is done.

8. **Payment of Registration Fees**: 

The registration fees, which are due, are based on the property's worth. The cost varies depending on the state.

9. **Registration of Documents**: 

The registration process will begin following the review of the documents. The parties will execute the documents in the presence of the Sub-Registrar, who will then add their seal and signature.

10.of Registered Documents:

You will receive the registered documents, including the selling deed, after registration is complete. This registered sale deed provides as ownership documentation.

11.Mutation of Property: 

After registering, you must notify the local municipal authorities to update the property records to reflect the ownership change. Property mutation describes this situation.

12.Payment of Property Tax: 

Property taxes must be paid to the local municipal authorities once the property is registered in your name.


Contact Us

We're here to assist you with any questions or inquiries you might have about our services and the property registration process. Feel free to get in touch with us using the contact information below, or use the provided contact form to send us a message. Our dedicated team is ready to help you navigate the world of real estate transactions smoothly.

Global Proptech

Website: www.globalproptech.in

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