Registration Process

The land / flat has to be registered in a sub registrar office and the following documents are required for registration :

  • Original title deed
  • Parent Documents
  • Torence Plan (optional) etc.,
  • Two witnesses are needed for registering the property

The land registration process is simple by just paying the stamp duty charges i.e. 8% (including registration fees) of total guideline value of the land.

Example:

If the total extent of the land is 2400 sqft. And the guideline value if 2000rs per sqft.
Stamp duty charges will be 2400 * 2000 * 0.08 = Rs 3,84,000

The Apartment registration process involves two steps

  • a. Construction agreement registration (Only for new apartments)

Construction agreement – 2% charges followed by

  • b. UDS registration (8% stamp duty including registration fees)
Example (only for apartment registration)
  • Total saleable area of flat = 1000 sq.ft and U.D.S = 500 Sq. ft.
  • Guideline value of the property = 2000 rs/sq.ft and the total price is 50 lacs
  • U.D.S Registration charges = 2000 *500 = Rs 10,00,000
  • Stamp duty charges (8%) = 10,00,000 * 0.08 = Rs 80,000

Construction Agreement Charges

  • For remaining value i.e. (50,00,000 - 10,00,000 = Rs 40,00,000)
  • Construction agreement charges (2%) = Rs 80,000
Note :
  • Check all legal documents with a lawyer before buying any property.
  • Patta is issued only for lands and not for individual apartments.
  • Always check the A-Register available in VAO office before buying any property.
  • All details furnished here are related to Tamilnadu only and are subjected to change based on government norms.
  • All the information given above is only advisory and not liable for any legal commitment.