How can I sell unregistered property in Bangalore?

1. EXECUTE a full Stamp Duty paid Registered Sale Deed (not agreement to sale) with joint signatures of the Builder & Original Buyer and Yourself, wherein the Builder & Original Buyer will sign as “Confirming & Consenting parties”. Herein annex the POA of original buyer. 2.

Can you sell unregistered property?

If you are looking to sell your property which is currently unregistered, you will need to produce your original deeds which prove your ownership. These can sometimes be held by lenders if the property has ever been subject to a mortgage.

How can I sell my unregistered flat?

1. The procedure is correct.
2. You and your wife will be the vendors, the builder will be confirming party and your buyer will be the purchaser in the agreement for sale by which you will sell the flat.
3. The buyer will pay consideration to you under the above agreement and also transfer fee of builder.

Can you transfer property without registration?

Section 17 of the Registration Act, 1908, mandates that transfer of an immoveable property should be registered, failing which it would become invalid. However, one can gift moveable property such as jewellery or car without any registration.

What to do if property is unregistered?

If your property remains unregistered, and you are concerned about the risks above, you can apply to the Land Registry voluntarily to register it. The Land Registry offer a discounted fee for this service. Registering your property now could save you time and expense in the future.

Is unregistered sale agreement valid?

Validity of the Unregistered Sale Agreement. Unregistered Sale Agreement is enforceable in Law, and any shortage of stamp charges can be paid through the Court’s order. Such an agreement will be valid for three years from the execution date.

Can I buy a flat without registration?

Yes you can take possession of flat because Possession is the prima facie evidence of the ownership but without valid registration the possession is illegal so you should make a separate agreement with builder regarding possession before registration of flat.

Can I sell my flat after possession?

When you take possession of the flat which you have agreed to purchase, the right to purchase the flat gets converted into the flat itself. Therefore, if you are selling the flat after taking possession of the flat, the period of three years starts from the date of taking possession of the flat.

How do I Sell my House in Bangalore?

The best way to sell out your property in Bangalore is to list your property at the most prominent website of Bangalore, “ HOUSING BHARAT COM ” . Take some good photos of your flats including all the rooms. Make a video of your flat by your phone or any other devices.

How much does it cost to register a flat in Bangalore?

Registration charges in Bangalore For flats costing less than Rs 20 lakhs, the state government, in 2020, reduced the registration charges from 5\% to 3\%. This rate also applies to industries buying land or building.

What are the buyer’s registration charges in Bangalore?

Buyers in Bangalore have to pay 1\% of the deal value as the registration charge. Note that the registration charge is over and above the stamp duty charge. Besides stamp duty, you will have to reserve a budget for the cess and surcharge.

Can I sell a flat without registration on my Name?

Normally the assignment will be given after the builder gives his consent on payment of certain amount for the process. You can transfer your right in favour of a third party by executing an Assignment Deed. Dear Sir/Madam, you can not sell the said flat without registration on your name.