The sub-office registrar charges a stamp duty based on the transaction value and registration costs. Many residential projects are under construction in Punjab State and Mohali. Contact Punjab real estate developers once you’ve decided to buy land like 3 bhk flats for sale in Mohali. Here is a complete list of the process involved in property registration in Punjab.

• The most recent sale or gift deed, etc., must be used to demonstrate ownership. The only way to do this is to apply for an EC (Encumbrance Certificate) online or in-person at the relevant Sub Registrar’s Office. It will track ownership, mortgage, and lease transfers.
• A lawyer should be consulted to authenticate the property’s title and the paperwork’s legitimacy for the residential property in Mohali.
• To establish the seller’s lawful, clear, and marketable title, obtain a new sale deed from any bank panel advocate or licensed stamp dealer. The Punjab Government’s Registration and Stamps Department’s website www.revenue.punjab.gov provides free access to 19 drafts/templates of various property registration documents.
• To complete the transaction, it is important to e-stamp the new sale deed on the appropriate stamp papers and sheets. The stamp duty is calculated using the percentages of the sale price.
• Obtain the seller’s signature on all of the pages, and then do the same for yourself on the final page. If the vendor or buyer is a corporation, firm, or society, include the phrase “for seal” wherever necessary. Complete the last page of the sale deed with two witnesses’ names, addresses, and signatures. Before registering, the buyer must ensure the Power of Attorney is still valid.
• The buyer, seller, and witnesses must all attend in person at the office of the Sub Registrar or District Registrar in whose jurisdiction the specific party is located.
• Take a photo of yourself and show your ID and other documents to the office staff so they can verify your identity. In the presence of the Registrar, the buyer should present the seller with the Demand Draft (DD) for any outstanding selling consideration. The registration cost, facilitation fees, and pasting charges of Rs.200 per document must be paid in cash or by bank draft.
• Suppose you have completed the construction of your 4 bhk apartments in Mohali. In that case, you must submit all essential documents for registration to your local Sub Registrar’s office for examination and approval as soon as possible. Suppose payment of the requisite fee is not possible due to justified urgent or unavoidable circumstances. In that case, the District Register may grant an additional four months following payment of the required fine
• Upon completing the registration and scanning processes, the Sub Registrar will return all documents relevant to residential developments in Punjab.

Conclusion

The following are the steps that must be taken to purchase luxury flats in Mohali for sale. Follow the steps in the correct order and have your property registered as soon as possible. Whether you’re looking to register a residential or commercial property in Mohali, you should make sure that the process is validated first before proceeding.