Property registration is governed by the Registration Act, 1908, and relevant state-specific rules. Registration provides legal validity to property transactions and serves as evidence of title.
Documents that must be compulsorily registered include sale deeds, gift deeds of immovable property, leases exceeding one year, and mortgage deeds other than deposit of title deeds.
The registration process involves: preparation of sale deed, payment of stamp duty, presentation of documents at the Sub-Registrar's office, verification of parties and witnesses, and collection of registered documents.
Stamp duty rates vary by state and property value. It is advisable to conduct thorough due diligence including title verification, encumbrance certificate check, and verification of building approvals before completing any property transaction.