Making a real estate purchase is something that requires a lot of planning. It starts with choosing the ideal location and finding a property and ends with registering the property under your name. This entire process involves several legal formalities, and property registration is one of the most crucial.
Property registration can be defined as the process of getting ownership transferred to your name after making a real estate purchase. Since this works as legal proof that you’ve purchased a particular property, it minimizes the chances of any kind of dispute. If someone claims ownership of your property, you can use the registration documents to resolve the conflict. These documents are considered an undeniable piece of evidence in court as well.
In addition to this, property registration is also required if you want to obtain a loan and use your property as collateral. Almost every lending institution (banks and NBFCs) accepts registered properties only for sanctioning a loan. as collateral. So, the process of registration makes it easy for you to get loans. And if you want to sell that property in the future, you’ll need registration documents to establish transparency and legitimacy.
The procedure for property registration is somewhat similar across the country. There can be minor changes in some Tamil states.
Here is a detailed guide to the process of property registration in Chennai:
As per the Tamil Nadu Stamp Act, 2017, every real estate transaction needs to be registered at the sub-registrar’s office in that locality. It applies to every purchase, regardless of the type of property (new or resale).
To start the property registration process in Tamil Nadu, you first need to ensure that you have all the important documents in place. Here is a list of documents required for a plot registration in Tamil Nadu:
The charges applicable for a property registration process will vary as per the plot rates in Chennai. Here are the charges you need to pay to get a property registered under your name in Chennai:
Once you have gathered all the relevant documents required for land registration for a gated plot in Chennai, you can initiate the process of property registration. Here are all the steps involved in the process:
Once the property registration process is completed, the sub-registrar office issues a certified copy of the registered sale deed. This document serves as the legal proof of your ownership of a residential plot in Chennai.
The process of property registration in Chennai is very simple and similar to that in other states of the country. However, seeking expert assistance for such legal procedures is always recommended. At OmShakthy, we not only offer a wide range of real estate properties but also provide complete assistance with property registration and other things. All you need to do is, reach out to our team – OmShakthy Homes will help you in every possible manner!
