5 Things to Note when Registering Property
The buyer, along with the seller, is required to carry out the most important process – property registration. Without it, a transaction is not formalised, and no one can claim the acquisition of the associated property. Registration of, let’s say, commercial projects inGoregaon or any other city for that matter, requires a lot of work and can be quite complicated. The procedure under the Registration Act, 1908 ensures that all the details and information about the transaction are stored systematically. Moreover, it is essential to be able to track the records in the future. Here are 5 things you need to note when registering property: 1. The Sub-Registrar The sub-registrar is the gazetted officer and the prime point of contact in the entire procedure. This person’s job is to hold and store the pertaining documents for registration that are submitted in the presence of both parties – the buyer and the seller. The registrar is supposed to ...