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REGISTRATION ACT, 1908 |
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REGISTRATION ACT, 1908 |
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REGISTRATION ACT, 1908 M. GOVINDARAJAN Registration is recording of the contents of a document with a Registering officer and preservation of copies of the original document. Registration is done for the purpose of conservation of evidence, assurance of title, publicity of documents and prevention of fraud. It will be helpful for an intending purchaser to know if the title deeds of a particular properly have been deposited with any person of a financial institution for the purpose of obtaining an advance against the security of the property. WHETHER ALL DOCUMENTS ARE TO BE REIGSTERED? Some of the documents are compulsorily to be registered. Some of the documents can be registered at the option. Sec. 17 of the Registration Act lays down different categories of documents for which registration is compulsory. The documents relating to the following transactions of immovable properties are required to be compulsorily registered:
Sec. 2(6) of the Act defines the term 'immovable property' as includes land, buildings, hereditary allowances, rights to ways, lights, fisheries or any other benefit to arise out of land, and thins attached to the earth, or permanently fastened to any thing which is attached to the earth, but not standing timber, growing crops nor grass. Sec. 18 of the Act lays downs the instruments of which registration is optional. Some of these instruments are listed as under:
PROCEDURE FOR REGISTRATION:
Ø The concerned person himself/herself; Ø The representative or the agent of such a person duly authorized in manner as is stated in Sec. 33 of the Registration Act. Ø Obtain an Income Tax Clearance Certificate of the seller for all properties above Rs.5 lakhs and the NOC from the appropriate authority if applicable (if the consideration exceeds Rs.75 lakhs for the city of Mumbai then the permission of the Appropriate Authority will be required); Ø Get the documents adjudicated from the Collector of the Stamps and duly certified that the proper stamp duty has been paid; Ø Comply with the formalities of Urban Land Ceiling and Registration Act, 1975 (if applicable) if the area exceeds 500 sq.mts. Ø The signature and admission of every person admitting the execution of the document in person or by his representative, assign or agent; Ø The signature and admission of every person examined in reference to such a document; Ø Any payment of money or delivery of goods made in the presence of the Registering Officer in reference to the execution of the document and any admission of receipt of consideration made in his presence in reference to such execution; TIME LIMIT: Sec. 23 provides that subject to certain exceptions any document other than a will has to be presented for registration within four months from the date of the execution. The term 'execution' means signing of the agreement under the present rules and regulations, all agreements in respect of a transfer of a premise or an immovable property have to be duly stamped under the provisions of Stamp Act before the document is presented for registration. If a document is not presented within the prescribed time period of four months and if in such a case the delay in presentation of the document does not exceed a subsequent period of four months, then the parties to the agreement can apply to the Registrar who may direct that on payment of a fine not exceeding ten times the proper registration fees, such a document should be admitted for registration. REFUSAL OF REGISTRATION: The normal grounds for non registration of documents are- The appeal lies to the Registrar, to whom such Sub Registrar is subordinate, under Sec. 72 of the Act within 30 days from the date of refusal. In such an event the Registrar may enquire whether the document has been executed and whether the requirements of the law currently in force have been complied with on the part of the applicant or the person presenting the document for registration, as the case may be, so as to admit the document for registration. For the purpose of an enquiry the Registrar is empowered to issue summons to enforce the attendance of witnesses and compel them to give evidence as if he were a Civil Court. If the Registrar finds that the document has been executed and that the said required had been complied with he can order for registration of the document. When the Registrar refuses to order the document to be registered any person claiming under such a document or his representative, assignee or agent may within 30 days after making the order of refusal institute a suit in the proper Civil Court for a decree directing the document to be registered. REGISTRATION AT PRIVATE RESIDENCE: Sec. 31 of the Act authorizes the Registering officer, on special cause being shown (for instance if the person is physically handicapped) to attend at the residence of any person desiring to present a document for registration and accept for registration such a document or a 'Will' provided Registering Officer is satisfied about the special cause shown is sufficient. REGISTRATION FOR THE PROPERTY EXECUTED OUTSIDE INDIA: A document relating to an immovable property can be executed out of India and later it can be presented for registration in India and within the prescribed time. The Registering Officer may, on payment of proper registration fee, accept such document for registration if he is satisfied that the instrument was executed out of India and the instrument has been presented for registration within four months after its arrival in India. DEED OF RECTIFICATION: If the main document/agreement is registered, then in that event it is always necessary to register the Deed of Rectification too.
By: Mr. M. GOVINDARAJAN - January 3, 2011
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