Topmusicanswers
Stamp duty and registration charges are paid to the govt and the property is registered in the name of the owner. This is how ownership right is created for a property. Without registration, a buyer has no legal right over the property so, one cannot sell it to anyone under the Transfer of Property Rights Act.
- Is the buyer required to be personally present at the time of registration?
- Who can be witness for property registration?
- Is the buyer required to be personally present at the time of registration in Punjab?
- Can I sell an unregistered property?
Is the buyer required to be personally present at the time of registration?
All the parties need to be present at the time of registration. All documents should be presented in original. In case the purchaser cannot be present personally before the sub-registrar, he can give a Power of Attorney to his agent to sign and present the documents on his behalf.
Who can be witness for property registration?
Witness: Your witnesses are quite crucial for the process to take place. They have to be present with you through the entire process and must have a valid ID proof along with them. Your witnesses should ideally be people you know well. Under no circumstances consider their role in the process as only academic.
Is the buyer required to be personally present at the time of registration in Punjab?
The authorised signatories for the seller and the purchaser, have to be present along with two witnesses, for registration of the documents. ... Before registering the documents, the sub-registrar will verify whether adequate stamp duty has been paid for the property, as per the stamp duty ready reckoner.
Can I sell an unregistered property?
If you are looking to sell your property which is currently unregistered, you will need to produce your original deeds which prove your ownership. These can sometimes be held by lenders if the property has ever been subject to a mortgage.
