Legal Consequences of Not Registering Your Property – Buying a property is one of the most important decisions for an Indian in terms of finances and future planning. Buying a property includes several steps, starting from price negotiation, location, possession, and registration. But sometimes the most important step for claiming the property is ignored or skipped. A property registration is a very crucial procedure, and without a proper property registration, all claims on it are considered illegal.
Usually, people consider the sale agreement or possession of the property to be sufficient to claim ownership, but according to Indian law, A property can only be claimed if the registration process is completed. An unregistered property can be sold, transferred, or even used as collateral, and these all will be considered as legal transactions. So, to avoid any situation, mainly the Legal Consequences of Not Registering Your Property must seek assistance from a professional like Gupta Document Center.
Consequences of Not Registering Your Property
When we purchase a property, i.e., have paid the amount for it, and the seller has said the property now belongs to you, this does not mean that the whole process of possessing the property is complete if we fail to register it. That property will not be recognized as yours even if the full amount is paid or have signed the agreement. For a legal claim of the property, the registration under the Registration Act of 1908 is important.
Here is a list of all the Legal Consequences of Not Registering Your Property:
- No Legal Ownership: Without a legal registration, you will not be considered the owner of the property. The sale agreement does not validate the claim.
- No legal Protection: If any dispute curs over the property, you will not be able to claim it if the registration is not one.
- Without registration, you cannot sell or transfer the property.
- Cannot claim a loan over an unregistered property,
- Heavy Penalty and tax issue
as per the Registration Act 1908, any sale or transaction above 100 Rs is liable to be registered. Failing to do so can lead to penalties, a revenue department notice, and tax action issues
Property Registration | Gupta Document Center
Property registration can be complicated in India with a lack of knowledge on legal terms, government forms, stamp duty, and trivial errors, which can lead to big headaches and Legal Consequences of Not Registering Your Property. This is where Gupta Document Center helps as an enabler, not just as a service, but as a partner in orchestrating the entire process reliably and expediently.
Here’s how Gupta Document Center supports you at every stage of the registration journey:
Document Verification and Legal Documentation
Prior to registration, all documents about the property need to be thoroughly checked – Sale deeds, Agreement nouns, ID’s, tax receipt, encumbrance certificates
- All documentation is in the appropriate format
- No missing legal requirement
- All credentials of the seller are valid
- Title to the property has clarity to ensure no future legal issues
Stamp Duty and registration fee
When everyone is buying properties, a common error is miscalculating stamp duty; often buyers will miscalculate or underpay stamp duty. This small error can have penalty implications or delays in obtaining registrations. With the Gupta Document Center:
- You get exact stamp duty & registration fee to pay
- Support in online stamp duty payment or stamp duty challan
- Advice based on the Circle Rate of the property and location
Sale Deed Drafting and Preparation
In terms of a property transfer, the sale deed is the primary document. The sale deed needs to be properly worded to be legally valid.
- A professionally drafted sale deed that is specific to your transaction
- Usage of legal terms and language that is accepted by the registrars
- Formatting and printing on the required stamp papers
Registrar Appointment Booking
Walking into the sub-registrar’s office to schedule an appointment and booking an appointment online does take time, and can be confusing. Gupta Document Centre does this for you.
- Booking a time on your behalf
- Preparing all the documents required on that day
- Sending you a reminder email and the instructions you need to follow in advance of your appointment
Attendance at the registrar’s office
If needed, a member of the Gupta Document Centre staff can attend the registrar’s office with you to:
- Submit documents
- biometrics and signing
- Ensure that you don’t miss anything or delay
These are the services that are offered by Gupta Document Center and help you to avoid any Legal Consequences of Not Registering Your Property.
Conclusion
Property registration is a very crucial step in order to legalize your claim over the property. Registering a property is a mandatory task, and failing to do so can lead to serious situations such as Loss of rights, financial penalties, risk of property fraud, and ineligibility for selling or transferring the property. It also leads to Legal Consequences of Not Registering Your Property, like heavy penalty, tax issues, notice from the court and etc. To avoid such a situation, one must consult a professional like Gupta Document Center to avoid such situation.