At the time of registration of the
properties, various documents to be produced at the Sub-Registrar's office.
List of such documents may vary on the basis of the nature of the property. In
general, the following are the classifications of documents, which are required
to be produced at the time of registration:
a) An affidavit stating the
transaction is not violative of the provisions of Section 22 A of Indian
Registration Act.
b) Extract of the assessment
Register for the purpose of valuation of the property (Form No19 if the
property comes within Municipal area or Form No. 9 and 10 in case of Panchayat
area).
c)If the property comes within the
limits of Corporation Khatha Certificate, Katha Extract and Latest Tax paid
receipt.
d)Form No.1 prescribed under
Karnataka Stamp (prevention of under valuation) Rules
e)Permanent Account No (PAN) issued
by Income Tax Department or Declaration in Form No.60 or 61 if the value of the
property to be registered exceeds Rs 5.00lakhs and where payment is made
completely or partially in cash.
Agricultural land:
The sale and purchase of
agricultural land has many restrictions and as such many documents conforming
to the requisites are required for registration, which are mentioned below:
a)Two copies of affidavit stating
that the transaction is not violative of Section 22 A of Indian Registration
Act.
b)Two copies of affidavit about
owning agriculture lands.
c)If the property is granted land or
of occupancy rights NOC from Tahsildar
d)Declaration under section 81 A of
Land Reforms Act.
e)Form no.1 prescribed in Karnataka
Stamp (Prevention of under valuation)
f)Permanent Account No (PAN) issued
by income Tax Department
g)Declaration in form 60 or 61 if
the value of the property to be registered is more than Rs 5lakhs and where
payment is completely or partially through cash.
h)'J' Form
i)Purchaser's pahani
j)Copy of the RTC pertaining to the
Property to be registered
Apartments:
The following are the documents
required to be produced before the Sub-Registrar, at the time of registration
of an apartment.
a)Katha pertaining to the total
land.
b)Tax paid receipt for the total
land.
c)Plan sanctioned by the Competent
Authority.
d)Floor Plan.
e)Form no.1 prescribed in Karnataka Stamp
(Prevention of under valuation)
f)Two copies of affidavit stating
that the transaction is not violative of Section 22 A of Indian Registration
Act.
Stamp Duty and Registration Charges:
Stamp duty required to be paid for
the property coming within the limits of Corporation or a Municipality is 8.96%
on the total sale consideration mentioned in the Sale Deed or on the Market
Value of the property, whichever is higher. For the properties that falls
beyond the limits of Corporation or CMC, the Stamp Duty required to be payable
is 9.04%.
Registration charges payable for the
registration of the properties, irrespective of its nature is 1% on the sale
consideration or the market value, whichever is higher. Apart from the above,
scanning charges has to be paid, which may generally be between Rs.400 to
Rs.800.
Scanning of Documents:
After Telgi Scam, usage of Stamp
Papers is prohibited in Karnataka. In alternative, 2 Rupees Document sheet is
made available to the public issued by the Government Department, who will have
to take print out either in such Document sheets or can also use white paper
for the same. At the time of presenting such document for registration before
the Sub-Registrar, details about the Vendor/s, Seller/s, stamp duty and
registration charges required to be paid, will be recorded in the computer,
along with the photos of the Vendor/s, Seller/s and Consenting Witness/s, if
any. Further, name of the person identifying the Vendor/s will also be recorded
in the computer. Subsequently, print out of all the details of the Vendor/s,
Seller/s and Consenting Witness/s, if any recorded in the computer, along with
their signatures, will be taken on the back side of the Sale Deed and after the
Sub-Registrar signs on such sale deeds, details about the document number, CD
No and other relevant details will be stored in the Sub-Registrar’s Office.
Registration of the documents
opposed to the public policy:
The Government of Karnataka has
declared that registration of certain documents is opposed to the public
policy, which is listed below:
a) Agreement to sell, sale, gift,
exchange, mortgage lease or assignment of which occupancy rights have been
granted under Chapter III of Karnataka Land Reforms Act 1061, in contravention
of restrictions imposed under Section 61 of the said act and relevant rules.
b) Any agreement to sell, sale,
gift, exchange or otherwise of land in excess of ceiling limits prescribed
under Section 63 or 64 of Karnataka Land Reforms Act and in contravention of
Section 74 of the said act and relevant rule
c)Agreement to sell, sale, lease,
mortgage with possession or otherwise of any agricultural land to a person,
family, joint family with an assured annual income of Rs.40lakhs or more from
non agricultural source in contravention of section 74 of Karnataka land
Reforms Act and relevant rules.
d) Agreement to sell, sale, lease,
mortgage with possession or otherwise of any agricultural land to educational,
religious, charitable institutions, society, trust, company, association other
body of individuals, cooperative society other than cooperative farming society
in contravention of section 79B of Karnataka land reforms Act subject to
exceptions provided.
e) Agreement to sell, sale, gift,
lease, mortgage with possession or otherwise of any agricultural land granted
under Karnataka land grant rules subject to restriction imposed on sale,
transfer and specific use imposed there under.
For More..........:
No comments:
Post a Comment