Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > How to do Registration of a New House?

Loan for Home

How to do Registration of a New House?

How to do Registration of a New House?

Under Section 17 of the Registration Act, all transactions pertaining to immovable properties whose value exceeds Rs. 100 have to be lawfully registered. Since no houses can be practically bought under Rs. 100, it is mandatory to register your new house. This registration, though, can be a complicated procedure involving a good deal of legalities that most people may find cumbersome. To assist you, we present a detailed guide to registering your new house.

Steps To Follow

Step 1: Make sure you have a proof of identity with you. Your Aadhar card or PAN card will work for this purpose.

Step 2: Find out the circle rate of the area your new house is located in. The circle rate is the minimum amount at which a real estate asset has to be registered. Compare the circle rate with the actual market rate of your house.

Step 3: Buy non-judicial stamp papers of the higher rate between the two.

Step 4: Pay the stamp duty to the Collector of Stamps in your area and get the deed typed up on the stamp papers by your attorney.

Step 5: Visit the Sub-Registrar’s Office with the builder or other transacting party along with two witnesses. Carry passport-size photographs, Aadhar or PAN card, an original copy of the deed, and 2 photocopies along with you.

Step 6: Pay the registration fee, which is typically 1% of the stamp duty. After registering the deed, you will be given a receipt. Keep this receipt safely.

Step 7: 2-7 days after the registration of the deed, you can go back to the Sub-Registrar’s Office to take the sale deed. Make sure to carry the receipt with you.

Step 8: Get the sale deed verified using the registry details from the Sub-Registrar’s Office.

Additional Read: What is a Stamp Duty? How to Calculate Stamp Duty Online?

What Should I Keep in Mind?

Remember that unless you get your house registered, you will not be considered the legal owner of your house. In any future disputes, the Sub-Registrar’s Office will not have a copy of your deed and thus will not be able to help you.

If you do not register your deed before 4 months from its date of execution, you can ask the Sub-Registrar to entertain your request, but you may have to pay up to 10 times the original registration fee as a fine. Apart from the hefty price tag that comes a house purchase, the costs of stamp duty and registration fee can add up to leave a hole in your pocket. If you’re looking to buy the property of your dreams, don’t let finances come in the way. Consider applying for a Tata Capital housing loan to finance your purchase in quick and easy steps. Tata Capital’s home loan feature the most flexible home loan eligibility criteria and repayment options along with low home loan interest rates starting at just 9.25%. For attractive housing finance options, apply for a home loan with Tata Capital today.

Additional Read: Hidden and Additional Costs Involved While Buying a New House

Apply For Home Loan

Say Hello to Your New Home with Our Easy Home Loans!

Apply now
Popular Searches
anyror modt charges 712 utara online gujarat pre emi calculator earnest money deposit Goa Land Record earnest money khasra number meebhoomi Assam Land Record
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.