Transfer of Ownership / Document Registration

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Transfer of Ownership / Document Registration

In India all the documents of immoveable properties are compulsory registerable under the Indian Registration Act 1908 and each state has got separate registration fee for registering the document.

A document for purpose of registration has to be prepared by a competent Lawyer who well acquainted with the legal terminology, and the said lawyer has to prepare the document for registration by perusing the link documents, title, revenue records etc., for registration before the concerned Registrar on a sufficient stamp paper as per the value of the property being transferred subject to the registration value on each state. Thre are different types of documents to be registered based on the nature of transaction. It may be Sale Deed, Partition Deed, Gift Deed, Exchange Deed, Settlement Deed, Assignment Deed, Release Deed, Mortgage Deed, Lease Deed, License Deed etc. Each document has different stamp duty a part from legal expenses.

After legal verification on the basis of the link documents the Deed may be drafted with the help of a competent attorney. Thereafter stamp paper for sufficient value with respect to the value of the property to be purchased from the government stamp vendor or official stamp vendor and should be purchaser Ie in the vendor or vendee or purchaser, assignee or assignor, mortgagor or mortgagee, lesser or lessee and first party or second party