Information

You may be ready mentally and financially for buying a property, but paperwork is unarguably most important part of sealing any deal. After all, only a firm paperwork will ensure your legal hold on the property.

Property registration in India is governed by section 17 of registration act, 1908; this act is applicable to whole of India except the state of Jammu & Kashmir. It refers to registering the changes in ownership and transactions related to the land/ immovable property. To guarantee yourself a legal title of land/immovable property you just purchased, you must register it with the concerned authority.
Registering your property has following benefits:-

    It helps in setting disputes easily; if any arises about ownership of that property in any later stage.
    The risk of fraud is greatly reduced.
    The public record remains up-to-date which helps Govt. in conducting censuses, surveys and maintenance of any other useful public database.

The property registration in India is no more an extremely tough and tiring process which it used to be. Now with the computerized property registration system, the whole process is very easy. Computerized system has many benefits like removal of the middleman and transparent valuation. But computerization has not completely replaced the manual paperwork; you can only pay initial duties with the help of the computer; further submissions have to be done in the office of Registrar/sub-registrar or to SDM in some states. Form can either be downloaded from the website of department or can be obtained in the hard copy from the office.


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Name : Veena R

Law Firm Name : Versatile Legal

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 1998

About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Veena R Kar 628/1999 Karnataka
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State

 

  Forming Owners Associations/Societies ( Apartments )
  Forming Owners Associations/Societies ( Layouts )
  Legal Opinion/Title Certification ( Apartment/Builder Floor )
  Legal Opinion/Title Certification ( Residential Layout )
  Legal Opinion/Title Certification ( Villa Project )
  Power of Attorneys ( Drafting General Power of Attorney )
  Power of Attorneys ( Drafting Special Power of Attorney )

 Legal & Drafting

  Legal Opinion (Written) ( Revenue/Other Site )
  Notary & Attestation Services ( Get A Document Notarised )
  Agreements/Deeds ( Release Deed )
  Lease/Rental Agreements ( Commercial Lease Agreement )
  Agreements/Deeds ( Agreement of Sale )
  Affidavits ( Name & Address Affidavits )
  Agreements/Deeds ( Partition Deed )
  Lease/Rental Agreements ( Residential Lease Agreement )
  Agreements/Deeds ( Construction Agreement )
  Affidavits ( Personal Affidavits )
  Agreements/Deeds ( Memorandum of Understanding )
  Packages ( Legal Opinion to Registration (Plot/Site) )
  Lease/Rental Agreements ( Room Rental Agreement )
  Agreements/Deeds ( Sale deed )
  Affidavits ( Student Affidavits )
  Agreements/Deeds ( Joint Development Agreement )
  Packages ( Sale Agreement to Registration (Plot/Site) )
  Lease/Rental Agreements ( Office Sharing Agreement )
  Agreements/Deeds ( Gift Deed )
  Affidavits ( Gas Affidavits )
  Registration Assistance ( Plot )
  Packages ( Sale Agreement to Registration (Apartment) )
  Procure Revenue Documents ( Encumbrance Certificate )
  Agreements/Deeds ( Sale Agreement/Deed Review )
  Affidavits ( General Affidavits )
  Registration Assistance ( Apartment )
  Packages ( Legal Opinion to Registration (Apartment) )
  Procure Revenue Documents ( Khata Extract )
  Affidavits ( Other Affidavits )
  Agreements/Deeds ( Construction Agreement Review )
  Registration Assistance ( Revenue/Other Site )
  Legal Opinion (Written) ( Plots )
  Procure Revenue Documents ( Khata Certificate )
  Property & Documents Inspection ( Plot/Site Insepction )
  Agreements/Deeds ( Rectification Deed )
  Lease/Rental Agreements ( Apartment Rental Agreement )
  Legal Opinion (Written) ( Apartment )
  Procure Revenue Documents ( Khata Transfer )
  Property & Documents Inspection ( House/Apartment Inspection )
  Agreements/Deeds ( Relinquishment deed )
  Lease/Rental Agreements ( House Rental agreement )
  Legal Opinion (Written) ( Villas )
  Power of Attorneys ( General Power of Attorney )
  Property & Documents Inspection ( Documents Inspection in Builder Office )
  Agreements/Deeds ( Mortgage Deed )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
  Legal Opinion (Written) ( Independent House )
  Wills ( Make A will )
  Agreements/Deeds ( Exchange Deed )
  Lease/Rental Agreements ( Commercial Shop Rental Agreement )

 NRI Services

  Power of Attorneys for NRIs ( General Power of Attorney by NRI )

Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by Versatile Legal :  If the term of the rent is less than one year, the minimum stamp duty payable is Rs. 500/- on a rental agreement. Normally, the stamp duty is payable on the rental value and the security deposit that is paid. If the details of the property, rent and security deposit, parties addresses are sent, we could take about two hours to send the draft of the rental agreement.

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Versatile Legal :  Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.

Subject :  Difference between a "mortgage" and a "lease"?
Question :  What is the difference between a "mortgage" and a "lease" Please explain

Answer by Versatile Legal :  Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced whereas lease of an immovable property is the transfer of a right to enjoy a property for a specified time period and can be express or implied. In a mortgage, there is interest involved whereas in a lease, the permission to use the property is granted subject to payment of lease rent and security deposit.