Advocate Selvakumar|Property Advocates in Bangalore|Senior Lawyer
At the time
of registration of the properties, varied documents are needed to be created at
the Sub-Registrar's workplace. List of such documents might vary on the idea of
the character of the property. In general, the subsequent are the
classifications of documents, that square measure needed to be created at the
time of registration:
a) An
official document stating the dealings isn't offensive of the provisions of
Section 22A of Indian Registration Act.
b) Extract
of the assessment Register for the aim of valuation of the property (Form No19
if the property comes inside Municipal space or type No. 9 and 10 just in case
of panchayath area).
c) If the
property comes inside the limits of Corporation Khatha Certificate, Katha
Extract and Latest Tax paid receipt.
d) Form No.1
prescribed below Karnataka Stamp (prevention of below valuation) Rules
e) Permanent
Account No (PAN) issued by taxation Department or Declaration in type No.60 or
61 if the worth of the property to be registered exceeds Rs 5.00lakhs and
wherever payment is created fully or part in money.
Agricultural land:
The sale and
buy of agricultural land has several restrictions and in and of it several
documents conformist to the requisites are needed for registration that is
mentioned below:
a)Two copies
of official document stating that the dealings isn't offensive of Section 22 A
of Indian Registration Act.
b)Two copies
of official document regarding owning agriculture lands.
c)If the
property is granted land or of occupancy rights operative from Tahsildar
d)Declaration
below section 81 A of Land Reforms Act.
e)Form no.1
prescribed in Karnataka Stamp (Prevention of below valuation)
f)Permanent
Account No (PAN) issued by taxation Department
g)Declaration
in type 60 or 61 if the worth of the property to be registered is quite Rs
5lakhs and wherever payment is totally or part through money.
h)'J' Form
i)Purchaser's
pahani
j)Copy of
the RTC referring to the Property to be registered
Apartments:
The
following are the documents needed to be created before the Sub-Registrar, atthe time of registration of living accommodations.
a)Katha
referring to the total land.
b)Tax paid
receipt for the entire land.
c)Plan
sanctioned by the Competent Authority.
d)Floor
arrange.
e)Form no.1
prescribed in Karnataka Stamp (Prevention of below valuation)
f)Two copies
of affidavit stating that the dealings isn't offensive of Section twenty two A
of Indian Registration Act.
Stamp Duty and Registration Charges:
Stamp duty
needed to be procured the property coming back inside the boundaries of
Corporation or a Municipality is eight.96% on the entire sale thought mentioned
within the Sale Deed or on the value of the property, whichever is higher. For
the properties that falls on the far side the boundaries of Corporation or CMC,
the tax needed to be collectable is 9.04%.
Registration
charges collectable for the registration of the properties, regardless of its
nature are 18 on the sale thought or the value, whichever is higher. With the
exception of the higher than, scanning charges has got to be paid, which can
usually be between Rs.400 to Rs.800.
Scanning of Documents:
After Telgi
Scam, usage of Stamp Papers is prohibited in Karnataka. In various, a pair of
Rupees Document sheet is created obtainable to the general public issued by the
govt Department, who can got to take print out either in such Document sheets
or may also use written report for identical. At the time of presenting such
document for registration before the Sub-Registrar, details regarding the
Vendor/s, Seller/s, tax and registration charges needed to be paid, are going
to be recorded within the laptop, alongside the photos of the Vendor/s,
Seller/s and willing Witness/s, if any. Further, name of the person
distinguishing the Vendor/s also will be recorded within the laptop. afterward,
print out of all the small print of the Vendor/s, Seller/s and willing
Witness/s, if any recorded within the laptop, alongside their signatures, are
going to be taken on the rear facet of the Sale Deed and when the Sub-Registrar
signs on such sale deeds, details regarding the document variety, CD No and
alternative relevant details are going to be keep within the Sub-Registrar’s
workplace.
Registration of the documents opposition
the general public policy:
The
Government of Karnataka has declared that registration of sure documents is
opposition the general public policy that is listed below:
a) Agreement
to sell, sale, gift, exchange, mortgage lease or assignment of that occupancy
rights are granted below Chapter III of Karnataka Land Reforms Act 1061, in
dispute of restrictions obligatory below Section sixty one of the aforesaid act
and relevant rules.
b) Any
agreement to sell, sale, gift, exchange or otherwise of land in far more than
ceiling limits prescribed below Section 63 or 64 of Karnataka Land Reforms Act
and in dispute of Section 74 of the aforesaid act and relevant rule
c)Agreement
to sell, sale, lease, mortgage with possession or otherwise of any agricultural
land to an individual, family, joint family with associate degree assured
annual financial gain of Rs.40lakhs or a lot of from non agricultural supply in
dispute of section seventy four of Karnataka land Reforms Act and relevant
rules.
d) Agreement to sell, sale, lease, mortgage with possession or otherwise of any agricultural
land to instructional, religious, charitable establishments, society, trust,
company, association alternative body of people, cooperative society apart from
cooperative farming society in dispute of section 79B of Karnataka land reforms
Act subject to exceptions provided.
e) Agreement
to sell, sale, gift, lease, mortgage with possession or otherwise of any
agricultural land granted below Karnataka land grant rules subject to restriction
obligatory on sale, transfer and specific use obligatory there below.
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