Finding a piece of land to build your forever home is usually a once-in-a-lifetime opportunity. The factors dictating the consideration of the right land implies that it’s characteristics that suit your needs and your budget. Sometimes the method can become complex and improper information or advice can cause people to settle on the foremost convenient options. Also, you want to take under consideration all the legal conditions to avoid future disputes. The property registration refers to the legal recording of all documents as it infers the changes in the ownership and the other procedures required during the transaction of a plot.
Before purchasing the land, it is necessary to register all the documents which guarantee the legal ownership title to your property. The registration of land protects you from future disputes and frauds and helps you to possess an updated public record. However, the land registration process and charges vary from one state to a different state.
Land Rates in Hyderabad
Hyderabad has transformed into the second largest IT sector in India over the past few years and this has led to the development of a ton of economic opportunities which further has an impact on the rate of land in Hyderabad. The rates are usually higher in the busier areas of the city.
- Kondapur – Ranges from ₹389-₹66,288 with an average being ₹31,915
- Shadnagar – Ranges from ₹104-₹44,375with average being ₹42,322
- Gachibowli – Ranges from ₹240-₹78,125with average being ₹35,728
- Shamshabad – Ranges from₹111-₹45,459 with an average being ₹40,234
Registration Process of Land in Hyderabad
The buyer can visit the location to look at the land and discuss the worth of the property. After the oral agreement, both the vendor and buyer should need to record the agreement within the sort of documentation. The buyer must register online by uploading all the documents on the portal before booking a timeslot for the sub-registrar’s office for the formal registration. The agreement documents need to be made with the help of a knowledgeable lawyer for secure authenticity. Once the document is completed, you would like to pay the stamp tax counting on the state. Next, execute your sale agreement and register an equivalent within the Sub-registrar of assurance’s office by submitting all the related documents. Finally, the mutation of the property wiped out revenue records by visiting the local municipal authorities. With the authentication of these documents at the SRO and completing the other formalities, you will be able to register your land in Hyderabad.
The required documents are:
- Original signed documents
- Demand draft of the stamp duty
- Property card, PAN card, Aadhar card
- Identity proof of the respective buyers, sellers and witnesses
- Power of attorney
- Encumbrance certificate
- Photograph of the property
At TMR Group, the wide spectrum of lands for sale in Hyderabad gives you ample opportunities to invest and own a plot of your choice at the location you desire. With clear title plots for sale in prominent locations such as Shadnagar, Shamirpet, Maheshwaram, Yadgirigutta and so on, TMR Group is your ideal choice to own the best plots in Hyderabad. To know more about our projects, visit www.tmrinfra.com now.