Lately, I have dealt with property registration matters, as a legal pro with a great deal of experience. In the state of West Bengal, this is a big issue.
Understanding Property Registration in West Bengal
Property registration is a legal process that officially notes the transfer of ownership of an asset from one individual to the other. In West Bengal, this procedure is governed by the Registration Act, 1908, and mainly, it is the Directorate of Registration and Stamp Revenue that checks it.
The property registration process in West Bengal has been reshaped in the last few years, with the introduction of online services contributing to the ease and efficiency of property owners and buyers.
Why is Property Registration Important?
Before diving deep into the registration process specifics, it is extremely important to fully be aware of the reasons property registration is so important:
Steps in the Property Registration Process in West Bengal
The exactness of the documents along with their current status is very important, as in any non-compliant situation, the registration process in the sales rotation will suffer a delay.
The next step involves ascertaining the market value of the property. A professional value registered with the government is the person that assesses the value. This assessment is used to figure out the stamp duty and registration fees.
Once the property valuation is set, you are then obliged to pay the stamp duty and registration fees. In West Bengal, taxes regard property stamp duty at 5% for town areas and 4% in rural areas and the registration fee is 1% on top of that.
The online property registration services in West Bengal have led to the introduction of an appointment schedule via the sub-registrar’s office’s website, enabling visits and registrations to be organized beforehand. This saved a great deal of waiting time and made the registration process much more effective.
On the set day, the seller and the buyer usually visit the Sub-Registrar’s office and the deed of property will be done in the presence of the registering officer. Both the parties should also bring the deed and identification.
Every registering process has a biometric verification step, where both parties have to go through this procedure. It may include scanning of fingerprints and photograph.
After all the papers are prepared and checked they are forwarded for the registrar’s verification. He/she will review the documents and compare their completion and accuracy.
After all the checks are over, the registration of the property will be completed, and a receipt will be printed. This receipt is a legal document that certifies you have registered the property and it is the only piece of document you will have until you get the registered deed.
The last step in the process of property registration is the award of the register deed. Usually, it spans from a few days to a fortnight, and whether it is short or long, the timetable can’t be feared at the registrars office only.
Online Property Registration in West Bengal
The direction that West Bengal has taken regarding digitizing the registration process of real estate has been a significant one. The online property registration system has made the process more transparent, efficient, and accessible. Here’s how you can use these online services:
While many of the major steps are online, it doesn’t mean that you don’t need to go to the office to execute the final deed.
Common Challenges in Property Registration
Though with the method of thoroughness, hurdles and future disputes remain imminent. Here are flaws that come with the property registration:
Professional property registration services in Kolkata are the best choice in such cases. The competent law firms can confront the arising challenges in a way that the process becomes seam.
Importance of Professional Assistance in Property Registration
Although proceeding through the process with or without professional assistance is feasible, professional assistance will certainly make the process more convenient and less stressful. Let me explain now:
Choosing the Right Property Registration Services in Kolkata
When it comes to picking out law firms for property registration in Kolkata, scrutinize the following features.
One law firm which guarantees satisfaction is B.Pramanik and Associates. They have been the most sought-after law firm in Kolkata for property registration services in the last several years as they have become the leading legal advisors for over 5000 + properties in West Bengal. Further, their services are recognized for their efficiency and affordability, and it is almost a standard now for buyers and sellers to engage them for property transactions.
Conclusion
The whole process of property registration in West Bengal though comprehensive, can be a source of joy in the long run. Knowledge and support will help you through this process with no hassle but a gain in property rights. The online way can be a bit complicated and just so you know, going to the office may still be a requirement for some of the steps of the process. Of note is that the online option is becoming more and more popular.
So, never forget the rigorously executed property deed is the cornerstone of your future property conflict arbitration docs as well as the key document for any real estate affair.
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