Can I sell my property without registration?
Stamp duty and registration charges are paid to the govt and the property is registered in the name of the owner. … Without registration, a buyer has no legal right over the property so, one cannot sell it to anyone under the Transfer of Property Rights Act.
How do you sell a house without papers?
You should conduct a title search in the office of sub-registrar through a local lawyer to find out the sale deed of the property. 1. You can visit the Revenue Office of your local area or can hire an advocate for the same to figure out on whose name this property is registered.
What happens if sale deed is not registered?
Sale Deed is invalid if not registered. But on the basis of long peaceful possession, ownership in the property is valid. In your case, it is evasion of stamp duty. If any time question will arise, to get it registered, you have to pay the stamp duty on present value.
Can you transfer property without registration?
Section 17 of the Registration Act, 1908, mandates that transfer of an immoveable property should be registered, failing which it would become invalid. However, one can gift moveable property such as jewellery or car without any registration.
What happens if your property is not registered?
If your property isn’t registered, it doesn’t mean there is a problem with your ownership – it simply means there hasn’t been a transaction to trigger the requirement to register since it became compulsory for your area. … To sell an unregistered property you need to produce the physical title deeds.
What do I do if I lost my original property documents?
The first step is to visit the nearest police station and file a first information report (FIR). The FIR needs to mention that the papers are lost. A copy of the FIR should be taken by the owner and preserved for future reference.
Can property be sold without original sale deed?
A.NO, a property cannot be registered if original sale deed is not with the owner, but a copy of the deed acquired from the registrar is available and name of the owner is displayed in the Encumbrance certificate. … best is to avoid buying such property as it will create troubles for you afterwards. thanks.
Who keeps the original sale agreement?
The buyer should carry the original agreement with him to the office of sub-registrar and once the cancellation deed is made then only it should be returned to him. Original sale agreement is in whose custody.
Is an unregistered agreement valid?
Unregistered Sale Agreement is enforceable in Law, and any shortage of stamp charges can be paid through the Court’s order. Such an agreement will be valid for three years from the execution date.
How do I cancel an unregistered sale deed?
In the absence of any clause towards cancellation of Sale Agreement that you may cancel the same by issuing a notice to the buyer and refunding advance amount to his/her account by paying bank interest amount if the agreement term has not been completed.
Is sale deed same as registration?
Registration of the property is a full and final agreement signed between two parties ie., buyer and seller. … Registration of property through the execution of a Sale Deed is done at Sub-registrar office (Registration office) and mutation is done at local civic body office.