Property Rules: You don't become the owner of the property just by registering, this document is the most important
Investing in property is considered to be the safest and most profitable deal. Whenever you buy property (Property New), you should pay attention to some things because if you make even a small mistake while buying the property, then you can suffer a huge loss due to this.
While buying land (land purchase agreement), people usually get the land registered and they feel that the land has been in their name, but according to the law, it is not right to say so. Apart from the registry, there are many such documents which are necessary at the time of buying land.
Importance of registry-
Usually, whenever you buy property (property documents), getting the registry done is considered the most important, but for your information, let us tell you that just getting the registry is not enough to get the ownership of the property. It is often seen that when people buy property, their main focus is on the registry papers. Apart from the registry, getting the mutation done is also very important. Only after getting mutation done, the land is in your name.
Benefits of getting mutation done-
With the help of mutation (why mutation is important) you can find out that a property has been transferred from one person to another. It is also to help the officials in deciding the responsibility of the taxpayers. Due to this, the old owner of the property sold cannot claim his ownership (property ka malikana hak) on it. Therefore, while buying property, definitely check the mutation.
Difference between sale deed and mutation-
For information, let us tell you that both sale deed and mutation (Sale Deed or mutation me diffrence) are different documents. Usually people feel that sale deed and mutation are the same document. Unless the transfer of any property is done, the owner of that property (Tips for buying Property) cannot become a buyer, even if he has got the registry done. The owner of that property is the old buyer.
This is the right way to get the mutation done-
There are mainly three types of land in India. First agricultural land, second residential land, third industrial land, houses are also included with this land. The process of mutation of all these three types of land is different. Whenever a property is purchased through a sale deed or is acquired by any other means. Then the person in front should take that document to the registry office and get the mutation of that land done.
Land mutation will have to be done by going here-
Whenever you buy any land, you should get that land checked. If you are buying that land as agricultural land, then the mutation of this land is done by the Patwari of that area. On the other hand, the mutation of residential land has to be done by going to the area Municipal Corporation, Municipality, Nagar Parishad. If the matter of getting the industrial land registered is being considered, then the land title record of this land should be registered with the Industrial Development Centre which is present in every district.