Register your agreement for sale online, sitting at the developers office. Developers are being permitted form the registration department to register properties of their projects at their own office.
By Varun Singh
Now a homebuyer will be able to register his agreement for sale online sitting at the developers office.
The state government’s registration department has almost finalized the process and the infrastructure will be ready in next 15-days.
Omprakash Deshmukh, Inspector General-Registrations and Stamps confirmed that the infrastructure is being developed to allow this. “With NIC we have worked on a process where property registration could be carried out online. Within 15-days time the infrastructure will be live,” said Deshmukh.
Prajapati Group from Navi Mumbai has received permission for online registration of all their properties in their projects at Dronagiri and Panvel.
Actually a few days ago, during a webinar, CREDAI MCHI had requested Revenue Minister Balasaheb Thorat, that in view of COVID situation, developers should be allowed to register their properties online at their own offices. Thorat gave his nod to the proposal and accordingly instructed the Revenue department to permit the same.
Raajesh Prajapati, MD Prajapati Group said, “Now once the infrastructure is ready and connectivity with NIC is completed, the registration of our properties can be done at our own office at Panvel.”
How does this benefit a homebuyer? Homebuyers will not have to travel up to the sub registrar office for registration of properties they have bought from a developer.
This move will help reduce the load at sub Registrar office and also during COVID times people reduce crowding too.
Many homebuyers were fearful to visit the sub-registrar office for registration of documents. Now they will be able to register their properties at the office of developer.
This will also help homebuyers, because now developers won’t be able to delay the registration of agreement an important aspect of home buying.
Developers will also be equipped with ready reckoner rates of their property from the registration department. This will come handy while calculating the stamp duty to be paid when they register the agreement.
Manju Yagnik, Vice Chairperson, Nahar Group and Vice President NAREDCO (Maharashtra), said, “”The new facility will provide homebuyers with convenience to conduct all the home buying formalities under one roof. Registration is the most important and final step in the process. Allowing developers to have homebuyers to register his/her home at their office will also bring a sense of security and mental ease in an otherwise uncertain pandemic stressed world.”
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