Property laws in India are comparable to many developed countries with some flexibility for community specific needs. A Government agency, usually a Registrar Office, acts as an intermediary for property registration and transfer of rights. Property Registration in India ensures the ownership rights to the person in whose name the property is registered. The entire process of land registry or house registry can be quite a nuisance if you do not have a real estate attorney briefing you about the legal formalities and documentation procedures to be followed. You will find many private service lawyers or government attorneys who can advice you on the legal matters. All kinds of property registration and firm registration in India are done at the Sub Registrars office that also holds all records of any previously registered property in India.
Stamp duty India is a tax, much like the sales tax and income tax that are collected by the Government. All such taxes must be paid in full and on time. If you make delay in the payment then you have to face the penalty. Penalty involves fine or even imprisonment. If you want to produce any instrument or document in the court, it needs to be done on the stamp paper only then it is considered valid and can be used as an evident. The court cannot admit instruments or documents that are not properly stamped as evidence. If you want to know the market value of your property and the stamp duty amount on it, you need to contact the Ready Reckoner as follows:
- You should know the division/village name and C.S./C.T.S. number of your property.
- From the Ready Reckoner, locate your valuation zone and sub-zone with the help of the division/village name and C.S./C.T.S. number of your property.
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