How Property Registration Works in Rajkot (With Fees & Process)

How Property Registration Works in Rajkot (With Fees & Process)

Property Registration is an important investment that you should make to register your property legally. Property Registration in Rajkot is a formal process that gives you ownership rights and protects your property from disputes or fraud. In this blog, we give you the step-by-step guide for Property Registration in Rajkot, with documents required, mistakes to avoid, etc.

Understanding Property Registration

The Property Registration in India is governed by Section 17 of the Registration Act, 1908. According to the Act, any transaction involving the purchase and sale of immovable property valued above Rs 100 should be registered.

If you fail to register your property, then you will not be considered the legal owner in government records. It makes it impossible for you to claim the ownership rights in a court of law in case of disputes. Here's why property registration is important

1. Legal Ownership

Registration gives you legal ownership of property and protects it from fraud or disputes.

2. Proof of Transaction

After registration, you get a sale deed document that serves as transaction proof between the seller and the buyer.

3. Access to Loans

Your registered property also serves as collateral and allows you to avail a home loan, if needed.

4. Tax Benefits

The registered properties are also eligible for tax benefits under government schemes.

5. Peace of Mind

After registering your property and getting ownership rights, you get peace of mind and confidence in your investment.  

Step-by-Step Registration Process in Rajkot

Here is the step-by-step registration process you should follow to register your property in Rajkot.

1. Verify Property Documents

Before starting Property Registration in Rajkot, you should start verifying the documents and ensure that there are no disputes or encumbrances. The documents you need to verify are the title deed, Encumbrance Certificate, approved building plan, sale agreement, and No Objection Certificates (NOCs).

Verifying the documents is important to ensure that the property is legally sound and free from any disputes, and protects you from future applications.

2. Calculate the Stamp Duty and Registration Fees

You should also calculate the stamp duty and registration fees before starting the process. These are the mandatory charges levied by the Gujarat government for registration. The stamp duty in Rajkot ranges from 4.9% to 7.9% and the property registration fees are 1% of the property market value, on the basis of factors like property type, location, and usage.

Use the stamp duty calculator available on the government portal to calculate these charges and be ready for property registration. Must pay the correct stamp duty and registration fees to ensure that your registered property is legally valid.

3. Prepare the Sale Deed

The sale deed is the legal document that records the transfer of ownership from seller to buyer. The key details included in the sale deed are the name and address of both buyer and seller, property details, which consist of the area, location, and boundaries, payment terms, and Sale consideration (price), signature of witnesses, and both parties. Having a sale deed is important for property registration because it shows transaction proof. 

4. Pay Stamp Duty and Register the Property

Once you have prepared the sale deed, you should pay the stamp duty and register your property at the Sub-Registrar's Office. For this, you should follow the given steps.

o   Visit the Sub-Registrar's Office, according to your property's jurisdiction.

o   Submit the essential documents like identity proof, sale deed, and address proof for both parties.

o   Pay the stamp duty and registration fees. Use the challan given by the office to proceed with the payment.

o   Now, attend the registration appointment, and sign documents

This process ensures that the transaction you made is legally recognized and registers your property successfully.

5. Obtain the Registered Sale Deed

After finishing the registration process, you will get a registered sale deed, which serves as ownership proof. It highlights the details like registration date and number, signature and seal of the Sub-Registrar, and details of the property and transaction.

6. Update Property Records

Now, you need to update your property record with the local municipal authority and complete the successful property registration in Rajkot. To update the records, you need to follow the given steps.

o   Visit the Municipal Office, submit the registered sale deed and other documents.

o   Pay all property taxes

o   Obtain the mutation certificate with the new owner's name

Following these steps makes you the legal owner of the property in the registration by the municipal authority.

7. Secure Your Documents

After registration is complete, you should keep all your documents safe for future reference. The important documents you should have are the mutation certificate, property tax records, encumbrance certificate, and registered sale deed.

Read Also: The Different Types of Land

Documents Required

For the successful Property Registration in Rajkot, you should have the following essential documents.

• Sale Deed / Conveyance Deed

• Property Card

• Land Revenue Receipts

• Stamp Duty and Registration Fee Receipts

• Identity Proof and Address Proof of the Buyer and Seller

• PAN Card of the Buyer and Seller

• Power of Attorney (if applicable)

• NOC from the concerned authority (if applicable)

• Encumbrance Certificate

• Property Tax Receipts

Time & Fees

The Gujarat government has levied the 1 % property registration fees of market property rate. Below, we tell you the stamp duty charges and registration fees you need to pay for property registration

Property buyers also should pay a 40% surcharge on the basic rate, which amounts to 1.4%.

Tips to Avoid Delays

Here are some tips you should follow to avoid delays in your property registration in Rajkot

1. Verify Ownership Details Earlier

You should verify the ownership details earlier before visiting the Sub-Registrar Office. Check that the ownership records are up to date and accurate. Any mistakes in it can result in delays and repeated verification in registration.

2. Prepare All Your Documents

Collect all your essential documents like PAN card, property card, sale deed, identity proofs, NOCs, and encumbrance certificate before starting registration. Incomplete documentation can cause delays and repeated visits to the SRO.

3. Arrange a Witness Earlier

Ensure that the seller, buyer, and required witness are available on registration day. If your witness is not available or needs rescheduling, then it will cause delays in your registration process, Rajkot.

4. Visit the SRO Early on Registration Day

Arrive early at the SRO office on registration day to avoid long queues and ensure that you get enough time for verification, payment, and biometric formalities. It makes the registration process smoother and quicker.

5. Cross-check Stamp Duty and Fees Payments

You should also calculate the stamp duty and registration charges correctly and pay it in advance if possible. It prevents errors in payments or receipts and avoids delays in registration.

Conclusion

The registration process Rajkot is tough, but with the above step by step guide, you can get a smooth and legal compliant experience. This Rajkot real estate guide makes you prepared to navigate the registration process with confidence.

QBCon is committed to making your journey easier. Whether you want to buy, sell, or invest in the property, their team of experts guides you at every step.

So, are you planning to register your property soon? Contact QBCon today, get your property listed, and close the deal confidently.

Read Also: How to Sell Your Property Fast in a Competitive Market

FAQs

Q1. What is the Process of Registration in Rajkot?

Ans: The registration process Rajkot involves the submission of essential documents, paying the required fees, and completing the registration process at the sub-registrar's office. You must have the essential documents like the proof of ownership, a title deed, a sale deed, property tax receipts, and other relevant documents.

Q2. What Are the Fees for Property Registration in Rajkot?

Ans: The property registration fees in Rajkot vary on the basis of the market value of the registered property. The property registration fees are 1% of the market value of the property, with the additional charges for transfer duty, stamp duty, and miscellaneous charges.

Q3. What Are the Stamp Duty Fees in Rajkot?

Ans: The stamp duty fees in Rajkot range from 4.9% to 7.9% of the property's market value.

Q4. What Documents Are Required for Property Registration in Rajkot?

Ans: The required documents for property registration in Rajkot are identity proof, sale deed, address proof, and encumbrance certificate.

Q5. How Long Does It Take to Register Your Property?

Ans: The property registration process takes 7 to 15 days, on the basis of complexity and documentation.