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 Land Registry
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Perhaps the most important aspect pertaining to acquisition of landed property in our country is going through the legal hassles of land registration and ownership. Indiahousing offers information on Land Registry. According to the Indian Urban Land (Ceiling and Regulation) Act, 1976, a ceiling was fixed on the vacant urban land that a person in urban
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agglomerations can acquire and hold. A person is includes an individual, a family, a firm, a company, or an association or body of individuals, whether incorporated or not.
The federal government had repealed this legislation in 1999. The Repeal Act, however, shall not affect the vesting of the vacant land, which has already been taken possession by the State Government or any person duly authorized by the State Government as provided by the Urban Land Act. The rectification has eliminated the litigation and released land into the market.
The provision of the Indian Registration Act, 1908 was conservation of evidence, assurances, title, and publication of documents and prevention of fraud. It details the formalities for registering an instrument. Other legitimate procedures that need to be looked at are: Transfer of Property Act, Stamp Duty, Rent Control, and Property Tax. Before plunging head on into the market, take a look at Indiahousing Land Registry.
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| India Housing- Real Estate India |
| India Housing- Property in India |
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