Madhya Pradesh Property Registration | Stamp Duty Charges | Encumbrance Certificate
The department that is responsible for property registration in the state of Madhya Pradesh is the department of Registration and Stamp. Department of Registration and Stamps looks after the services that are related to property like registration of documents and issue of encumbrance certificate.
Today in this article we are going to discuss everything about Madhya Pradesh Property Registration like its objectives, benefits, required documents, eligibility criteria, stamp duty, encumbrance certificate, the application process, important highlights, etc. So to know more about Madhya Pradesh Property Registration stay connected with us.
Madhya Pradesh Property Registration
Property Registration in India is governed by the Registration Act of 1908. Registering your immovable property should be the top priority when you buy a house, shop, or land as it provides your legitimacy to carry out any transaction. A person is considered the legal owner of a property only after he gets the property registered in his name. The Department of Registration and Stamp is liable for property registration in the State of Madhya Pradesh.
Registration fees and stamp duty are not the same in all states of India so it’ll vary from state to state. The stamp duty is established on the agreement value or the market value and may vary from property to property and place to place. The process for Madhya Pradesh Property Registration involves the preparation of documents, stamp and registration charge, etc. EC fees, Document Preparation charges are other charges incurred.
| Madhya Pradesh Property Registration Highlights | |
| About | Madhya Pradesh Property Registration |
| State | Madhya Pradesh |
| Department | Department of Registration and Stamps |
| Benefit | Registration of Property will be done |
| Beneficiaries | Residents of the state |
| Official Website | Click Here |
Section 25 of Madhya Pradesh Property Registration Act
Section 25 of the Madhya Pradesh Property Registration Act is as follows:-
- Section 25 of the Madhya Pradesh Property Registration states that all the documents that are needed for registration have to be submitted within four months from the date of property registration to the concerned registrar officer. In case of any violations on above, a fine amounting to 10 times the amount of property registration fee has to be remitted in such case of property registration.
Madhya Pradesh Property Registration Objectives
The main objectives of Madhya Pradesh Property Registration are as follows:-
- Madhya Pradesh Property Registration serves for the proper recording of documents which provides more authenticity.
- The basic purpose of Madhya Pradesh Property Registration is to record the ownership of the property.
- To ensure prevention of fraud, conservation of evidence, transfer of title to the owner.
- By registering property, the document will maintain an up-to-date public record.
- The document registration will be a permanent public record once it’s registered with the concerned office.
- Registration public records can be inspected by anyone.
Benefits
The benefits availed under Madhya Pradesh Property Registration are as follows:-
- Registration of property helps for the proper recording of documents which provides more authenticity.
- By registering property, the document will maintain an up-to-date public record.
- To ensure the prevention of fraud, conservation of evidence, the transfer of title to the owner.
Documents Required
Applicant needs to have following documents in order to register themselves on Madhya Pradesh Property Registration:-
- Identity proof such as Aadhar card/voter card/PAN card/passport/driving license etc. of the participants.
- PAN card or adequately filled Form 60 together with identity proof & residence proof of the parties.
- Principal document(s) when the present report is supplementary to such primary documents.
- Passport size photographs of the parties.
- Details of stamp duty and registration payment fee.
Eligibility Criteria
The applicant needs to pass the following eligibility criteria to register themselves on Madhya Pradesh Property Registration:-
- Those who have landed in their names.
- Those who are legal heirs of the deceased landowner.
- Authorized signatory/ power of attorney.
Validity
- The Madhya Pradesh Property Registration is valid till the land is sold to someone.
Stamp Duty
The stamp duty is the percentage of transaction value levied by the state government, on every registered scale. Stamp duty in Madhya Pradesh is one of the highest in the country. Currently, the stamp duty in Madhya Pradesh is 10.50% (stamp duty of 7.5% and a registration fee of 3%) from the previous 12.50% (stamp duty of 9.5% and registration charges of 3%).
The rate of stamp duty and registration of immovable property registration in Madhya Pradesh is given below in pdf form:-
Encumbrance Certificate
An encumbrance certificate is a certificate that is important while applying for a mortgage loan, selling land, and joint development, etc. The certificate certifies that the land does not have any legal dues. Offline process timing will be provided by the authorities, usually, it takes 15 to 20 days. The online process can be completed in two days’ time.
Encumbrance Certificate Benefits
Benefits availed from the encumbrance certificate are as follows:-
- Encumbrance certificated plays an important role in applying for a home loan from the banks.
- The Encumbrance Certificate is mandatory when one wants to buy or sell a property.
- It also acts as evidence that the property is free from legal liabilities.
- The encumbrance certificate ensures to know about the past transactions of property at the time of purchase of the property.
How to get your Encumbrance Certificate?
Follow the following steps in order to get your Encumbrance Certificate for Madhya Pradesh Property Registration:-
- To apply for an Encumbrance Certificate, the applicant has to go to the respective sub-registrar office where the land is registered.
- Then the applicant needs to collect the application form for the Encumbrance Certificate at the respective sub-registrar office.
- Fill in the form carefully with details and submit the same with a non-judicial stamp affixed along with required documents to the respective authority as advised. Do crosscheck it.
- Authorities will announce the fees to be paid. Please pay as advised
- A Receipt containing an Acknowledgement ID is issued to the applicant.
- This application request will be processed by the department.
- SMS is triggered to the applicants informing the status of the application.
- As per the notification, the applicant shall visit the office to collect the certificate
Application Process for Property Registration
Follow the following steps in order to register yourself for Madhya Pradesh Property Registration:-
- Firstly applicant needs to go to the Sub-Registrar Office and confirm the date for registration.
- Procure stamp paper for registration of land as per the arrived land value. The land valuation will be calculated based on the government value for the said area.
- On the scheduled date, the buyer, seller, and witnesses should go to the registrar’s office and wait for their turn.
- On their scheduled slot, please follow as per authorities guidelines to process.
- Please produce your ID in original before the registrar along with the DD for the said amount to be paid to the seller.
- After verifying the details in person, the registrar will sign the respective order.
- The buyer, seller, the witness should sign the registry as well as in the advised places of the document to finish the registration.
Contact Details
If you come across any query then you can take help from the following details:-
- e-Registration Help-desk:-
- Toll-Free No.- 18002333842
- Other No.- 0755-2573849,0755-2573846 ,0755-2573852
Do read our other articles on our website:-Click Here
Note:- How did you like the information provided by us, please let us know in the comment section. For more details of any other scheme stay connected with us on https://yojanasarkari.in/. Thank you.