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Five things to do to register a property in Delhi Business Articles | October 1, 2015

Delhi may be slipping down in terms of real estate returns but still returns respectable profit. If you thought that finding a right property was tough Cheap Jerseys , registering it would test your nerves nonetheless. From arranging the finances to completing all documents in order can take months, if not days..



In case this is your first investment, our experts point out five things that you must do to register a property in Delhi.

Prioritize your documentation first

To register your property in Delhi, you need a distinct set of documents. The necessary papers highlighted on the DDA portal are:

ID Proof: It includes your current address proof Wholesale NFL Hats , AADHAR (UIN) Card), Voter’s ID, Driver’s Licence, Ration card IT return papers Bank documents Bank Loan documents

If you are involving a third party to carry out the financial transaction Wholesale NFL Hoodies , you have to produce the plausible financial documents to initiate the registration process in Delhi.

Acquire every No-Objection Certificate

Delhi is ridiculously inclined at giving away assets to only compliant residents. Unless the society members are impressed, you may never get to see your property. As part of registering your property in Delhi, you have to earn the NOC from the society. It also covers the aspect where it the property status is declared: leased, gifted or freehold. Apart from these Wholesale NFL Shirts , you have to submit the Municipality Assessment bill and the Property Card. You must also register your property with a stamped and registered transfer deed.

Pay the Registration fee through DD

The crux of registering your property is paying the fee to the Sub-Registrar of Assurances. For his, you have to seek an appointment in advance with the personnel. Usually, the registration fee is 2.5 percent of the market value of the property. It could be higher too depending on the paper work you have submitted. You can pay the registration fee through Demand Draft only as per the token number given to you by the officer.

Adjucation process

Have you ever tied to ascertain the market value of the property you are vouching to register? Of course you have. But the official process to ascertain it is done by the registrar, especially when a disputed property or an old building is involved. It bears the depreciating value of the property as well.