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Question: 

Transfer of Property Process in Maharashtra

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helpline L
helpline   L 9 months ago
Registration is a process of recording a copy of the document, transferring the title in the immovable property to the office of the registrar. Registration is done after parties execute the documents.

The agreement should be registered with the Sub- registrar of Assurances under the provisions of Indian Registration Act within 4 months from the date of execution of the documents. However if due to any unavoidable circumstances the document is not registered within the time limit , then the document can be registered only on making an application to the Sub- Registrar of Assurances within a further period not exceeding four months and on payment of appropriate fees.

Except in the case of transfer of shares of a co-operative housing society and housing limited company where registration is optional, virtually in all cases of transfer of immovable property like family arrangement, agreement to sell, gift deed, lease deed, leave and license agreement etc. has to be registered compulsorily under Indian Registration Act, 1908 otherwise the proper legal title will not pass on the purchaser / transferee....
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