Non-Registration of Property
mahendra
(Querist) 20 February 2010
This query is : Resolved
Mr. X purchased a household flat in the year March-2000. He paid stamp duty at the prescribed rate at the time of execution of Sale Deed. The Sale Deed However, not registered with Sub-registrar in Mumbai-Suburban (Cost Rs. 6 lacs). The Seller also not registerd with Sub Registrar. However, the original owner of the flat (from whom the seller bought the flat) has registered the flat with Sub registrar in the year 1986.
1) What is the procedure to be followed and cost involved in registering the flat now by Mr. X.
2) What are the consequences if the flat is not registered and Mr. X wants to sale the same today.
Please advise.
adv. rajeev ( rajoo )
(Expert) 20 February 2010
Regn., of sale deed is compulsory under the Indian Regn., act.
Now it has to register, cost of the regn., according to the state act.
If it is not regd., then Mr.X. will not have any tittle over the property and he cannot sell it.
O. Mahalakshmi
(Expert) 26 February 2010
With out registration the sale deed is not valid through court of Law.
Kumar Thadhani
(Expert) 08 March 2010
THE RULES FOR REGISTERING SALE-DEED ARE MANDATORY IN ALL STATES .The stamp- duty and registering charges varies with different states.
