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Registration is the must criterion to be titled as the authorized owner

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If you purchase the land on your own then pay the full value to the developers, to become the authorized owner of the land and you have to disburse the stamp duty and the registration charges for the land purchased. Akshay Kulkarni the executive director of housing services at Realty Consultancy firm Cushman & Wakefield says, “Registering the land is the final stage of the agreement among the purchaser and the seller and the final agreement which will be signed by the two parties in the local register office and then the purchaser will become the owner of the property.”
When the land is purchased first one should look at the documents and verify it with the legal advisors. Kulkarni says, “The documentation will differ so buyer should look whether the land has been transferred from the developer or it is in the secondary auction. If in case, it is under construction then the purchaser should do it in a good loyalty and the document checking process will be wide and long drawn. And the bank or a housing fiscal company takes out the pending assiduousness process before endorsing the venture and the housing loan.”
Already if the land is under the lien after that the financing agency will have its own arrangement. Though, the basic needs during the registration procedure, there should have a copy of PAN Card of the purchasers, Photo ID Proof such as passport or driving license, proof of residence and two witnesses. If in case of buying the plots then the buyers should look on the documents connecting to the original title, transference deed, and agreement of auction, no-objection certificate, and occupation certificate and also the ownership letter from the present owner of the dwelling is must.
Source: NIMMA BENGALURU

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