Delhi is the hot spot to make real estate investments because of the infrastructure developments in the region. Everybody think of buying a property in Delhi, however they are not well aware of the correct procedure of buying and registering their property. Hence, they blindly follow the real estate agents for this purpose. In this post we would be talking about the things that one should consider while buying and registering a property. Please read our following checklists to know the important considerations while buying any property:

 5 Points to consider while buying a residential property in Delhi NCRHandy Tips to Get Best Commercial PropertyImportant Things to Check Before You Buy Property

Let’s move ahead with the other part i.e. what things one need to consider for registering the property purchased in Delhi.

Property Registration in DelhiIn order to register the property, you need to apply to the concerned Sub Registrar’s office. The usual response time for registration is 15-20 days, if you have proper documentation. The response time becomes less if you opt for online registration system which is introduced by Delhi Govt. recently.

RequiredDocuments

The required documents to register any property in Delhi include: Sale Deed Will Conveyance Deed Gift and Share Certificates  The registration cost for all above mentioned documents except “a Will” is 1% of

the total value plus additional cost of Rs.100. The registration cost for a Will is Rs.600. However, the stamp duty for each document varies and is also subject to gender of buyer.

The Registration Steps for Sale DeedIf you possess a sale deed, then you need to follow below mentioned steps to register your property:

Important DetailsThe first step starts with providing the required details that are applicable to your property. Such details include:

Date of property purchase Property transfer issues Document of legal ownership Receipts of Property Taxes and water bill payments Clearance certificateLegal Agreement The next step involved drafting of a legal agreement. You need to make sure

that the legal agreement is made on stamp paper and the time period for the registration is clearly mentioned in it.

Registration After legal agreements, the attorney of property registration will be making a

final deed. Now you need to do required stamping and proceed with the registration of the final deed at the sub registrar’s office. For this, you need to be physically present at the office along with 2 witnesses. After this, you need to submit payment receipt and documents will be allotted to you within 30-60 minutes.

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