Property Registration
Ogirala Associates not only for Property Registration but also experts in land verification, handling matters pertaining to Development Agreements, Joint ventures, and settlement of long pending land disputes.
What is Propety Registration ?
- A property needs to be registered for the purpose of sale, transfer,gift or lease in accordance with Registration Act,1908.
As per Section 17 of the Registration Act, 1908, all transactions that involve the sale of an immovable property for a value exceeding Rs 100, should be registered.
If someone doesn’t register a property while doing above mentioned transactions then the transaction cannot be proved in the court of law.
ADVANTAGES OF PROPERTY REGISTRATION
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A Registered Title gives a quick up-to-date official record of who owns the land and individuals do not have to do any research as to the history of the title to the land i.e.
what in layman terms is ownership.
- A Registered Title is state guaranteed. If you have suffered a loss of an estate of interest in land property information because of a mistake or omission in the register by
the Registrar you may be able to get compensation.
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Disputes regarding the ownership or rights over the land might be resolved more easily.
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- Once registered by plan each title is given an official plan of the land, and this can be used to prevent any encroachment by trespass on the
boundaries.