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A Guide To Land Occupancy and Leasing In Maharashtra
Section 25 of Property Registration In Maharashtra
If you're buying or selling property in Maharashtra, it's important to know about property registration. The Maharashtra Registration Act governs this process. Here's a simple explanation for those who may not speak English fluently.
Property Registration Timeframe and Penalty:
When you buy a property, you must register the related documents within four months of the property purchase. If you miss this deadline, you might have to pay a fine equal to ten times the registration fee.
Benefits of Property Registration:
- Ensures Authenticity
- Prevents Fraud
- Public Record
- Keeps Records Up-to-Date
- Avoids Double Sales
- Secures Documents
Who Can Register Property:
The Registration Act states that the person involved in the property transaction, their representative, or an authorized agent can present the documents for registration.
Required Documents for Property Registration:
When registering property in Maharashtra, you need to submit the following documents:
- Aadhar card: This is an identification card.
- Passport-Size Photos: Photos of both the seller and buyer.
- Old Sale Deed Copy: A verified copy of the original sale deed.
- No Objection Certificate (NOC): This is needed under the land ceiling Act.
- Property Register Card Copy: The latest property register card.
- Municipal Tax Bill Copy: Proof of tax payments.
- Construction Completion Certificate: If applicable, a certificate showing that construction is completed.
- Builder-Buyer Agreement: The original agreement between the builder and the first buyer of the property.
Understanding property registration is essential to protect your rights when buying or selling property in Maharashtra.
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