How to Register Your Property in Delhi
The Aam Aadmi Party (AAP) government in Delhi had on March 31, 2015, announced that it would register all properties in illegal colonies in Delhi. The AAP had earlier promised to regularize illegal colonies in Delhi. The Delhi government on May 19, 2015, announced that residents of illegal colonies will have to pay one-fifth of the charges if they take water and sewer connections within the next three months.
Here's a look at how property registration process in Delhi is like:
In Delhi, registration of property is compulsory, according to section 17 of the Registration Act, 1908. If you do not register your property within four months of the execution of the sale deed, according to Section 49 of the act, you will not have transaction rights over the property. This is important because without clearly defined property titles, fraud will be rampant and people will not be able to engage in legally valid transactions.
For sale deed, conveyance deed and gift deed, stamp duty and transfer duty of 6% and 4% will be levied on men and women respectively. There will also be a registration fee of 1% on the value of the property, and Rs. 100 for pasting charges. All people concerned in a transaction should be present. For registration of will, there is no stamp duty, but you will have to pay a registration fee of Rs. 600. Registering your will is not compulsory. For registration of sales deed and will, you need two witnesses with proofs of identity. For the transfer of shares, the stamp duty is Rs. 1 per 1000.
(Sale deed transfers the ownership of the property after sale. Conveyance deed, in this context, refers to conversion of lease hold property to free hold property. Gift deed refers to the transfer of legal title over the property which is being gifted.)
Here's how you can register your property in Delhi:
1) Fix an appointment online:-
Property registration in Delhi can be done online. To register your property online, you should fix an appointment online after visiting the Revenue Department website and finding the sub registrar office of your district. The sub-registrar office will give you an appointment number and the date and the time when you are expected to visit the office. You will receive a response within 15 days.
2) Calculate the Stamp Duty and Purchase E-Stamp Paper
The Delhi Revenue Department website has details on registration process. It also has the forms, letter formats, information about the documents you need to register your property and an online calculator to calculate the stamp duty. After calculating the stamp duty, you can purchase the e-stamp paper.
3) Visit the Sub-Registrar Office
When you visit the sub-registrar office, the computer will eject a swipe card when you enter the details, including your appointment number. Enter the waiting hall with the swipe card. There will be several counters to help owners of plots in Delhi or ready to move in properties in Delhi at different stages of property registration. After verifying your documents, they will send you to the official concerned.
4) Collect Your Documents
You will be able to register your property and collect the documents on the day of the appointment between 4 pm and 6 pm. If your application is rejected, you will be informed on the same day itself. The sub-registrar keeps the original documents in his office, and has detailed and documented information about all the registered properties in Delhi.