Land registration in Secunderabad Registering a property is more important and presently the officials have made it trouble-free for the purchaser and the vendor greater than before, because each and every property documents are registered by means of computer the necessary information are verified and processed. Only a few steps are to be followed while registering a property.
* Proof of existing property: Evidence of existing property is verified by getting an encumbrance certificate from the registrar office and the entire details are made known, the certificate involve the property details right from the former owner of the property to the recent owner of the property. * Original document: After verifying the certificate all original documents are verified by the purchaser, in case of middle man they are expert in this field and suggest their ideas about the property and estimate the value of the property according to the market situation in Secunderabad. * No objection Certificate: No Objection Certificate is issued under Land RegistrationinSecunderabad Act if the area of property transfer goes above 500 Sq.mts. in the Secunderabad city and if the property belongs to a government or semi-government body or any charitable trust and No Objection Certificate is required.
* Registration fees: At present situation the registration fee is to be paid by means of demand draft and obtain appropriate receipts. Demand draft is to be drawn in favour of sub-registrar from nationalized banks in the Secunderabad city as per the procedures followed in Secunderabad. * Adjudication: Adjudication is process of getting the market value of the property and the estimation of property to determine stamp duty charges to be paid in the registrar office. If the document is signed, land registration must be made within a month or else penalty charge of two percentages has to be charged.
The landregistration fee should be made few days before registration and the appropriate acknowledgment is to be shown at the time of registration to the Sub-Registrar at the authentic date of registration. The sub-registrar initially obtains signature of purchaser and vendor and as well as two witnesses in favour of both the parties and therefore the process of transfer or ownership is made with authorized seal and a unique number is made known on the documents and noted on the registry comprising of both the parties photographs, signatures and details of purchaser, vendor and spectators