Registration on documents that require mandatory registration, provides legitimacy to rights under such documents, which can be further used as documentary evidence before the Court of law.
Archives: FAQs
Can an NRI acquire agricultural land?
No, an NRI is restricted under the RBI guidelines from acquiring agricultural land.
How is the stamp duty on an instrument calculated?
Stamp duty is provided by State Governments under their respective State Stamp acts and Rules to the Indian Stamp Act 1899
Does a Will require to be registered?
No, as it is covered under testamentary instruments, which do not require mandatory registration.
After execution of the document, is there any timeline for registry of immovable property?
Yes, a period of 4 months from the execution of a document and an additional four months on the expiry of the first four months.
Is the presence of the seller/buyer required at the time of registry of immovable property?
Yes, as per section 32 under the Registration Act, 1908, The presence of seller and buyer or a person claiming to be the owner is required in the Sub-Registrar office; when presenting a deed, Sub-Registrar will verify that they have executed the same.
Does a gift deed require to be registered?
Yes, as per section 17 under the Registration Act 1908, it is mandatory to register a gift deed.
What is the need for the Model Tenancy Act?
There is a need to bring transparency in the rent laws in India which are considered pro-tenant.
Where to submit the rent agreement?
The rent agreement is to be submitted to Rent Authority headed by Deputy Collector.