Property Registration & Verification
Property registration is the legal process of recording the ownership of a property with the government or relevant authority. This process provides a legal title to the property owner, ensuring that their ownership rights are protected.
The registration typically involves
Documentation: Submitting required documents such as title deeds, sale agreements, and identity proofs.
Payment of fees: Paying applicable registration fees and stamp duty.
Official Record: Once registered, the property details are entered into the land register online, making them publicly accessible.
Property registration is crucial for establishing legal ownership, facilitating property transactions, and ensuring protection against disputes.
Property verification is the process of confirming the authenticity and legality of a property before a transaction. It involves thorough due diligence to ensure that the property is free from encumbrances and legal issues. Key aspects of property verification include:
Title Check: Verifying the ownership title to ensure the seller has the right to sell the property.
Encumbrance Certificate: Checking for any existing loans, mortgages, or claims on the property.
Land Use and Zoning: Ensuring that the property complies with local zoning laws and land use regulations.
Legal Compliance: Confirming that all necessary approvals and permits for construction or modifications are in place.
Property verification is essential for buyers to mitigate risks and protect their investment by ensuring they are purchasing a legitimate and dispute-free property.